NATIXIS - 2018 Registration document and annual financial report

RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures

DIFFERENCES IN THE SCOPES OF CONSOLIDATION (ENTITY BY ENTITY) (EU LI3) R

The table below lists the subsidiaries for which the method of regulatory consolidation is different from the method of accounting consolidation.

Method of accounting consolidation

Method of regulatory consolidation

Entity name

Description of the entity

Country

Nexgen Reinsurance Designated Activity Company

Full consolidation

Equity method

Reinsurance

Ireland

Coface S.A.

Full consolidation

Equity method

Holding company

France

Credit insurance and related services Credit insurance and related services Receivables management and data

Coface Europe (formerly Coface S.A.)

Full consolidation

Equity method

France

3

Cofinpar

Full consolidation

Equity method

France

Cogeri

Full consolidation

Equity method

France

Fonds Colombes

Full consolidation

Equity method

Mutual fund investments

France

Coface RE SA

Full consolidation

Equity method

Reinsurance

Switzerland

Fonds Lausanne S.A.

Full consolidation

Equity method

Mutual fund investments

Switzerland

Receivables management and data Credit insurance and related services Receivables management and data Receivables management and data

Coface Debitoren (formerly ADGC)

Full consolidation

Equity method

Germany

Coface Kredit (formerly AK Coface) – Branch (Coface Europe)

Full consolidation

Equity method

Germany

Cofacerating.de GmbH

Full consolidation

Equity method

Germany

Cofacerating-Holding GmbH

Full consolidation

Equity method

Germany

Kisselberg

Full consolidation

Equity method

Insurance

Germany

Coface Austria – Branch (Coface Europe)

Full consolidation

Equity method

Holding company

Austria

Receivables management and data Credit insurance and related services

Coface Services Austria

Full consolidation

Equity method

Austria

Coface Italy – Branch (Coface Europe)

Full consolidation

Equity method

Italy

Coface Italia

Full consolidation

Equity method

Holding company

Italy

Credit insurance and related services Credit insurance and related services

Coface Ireland – Branch (Coface Europe)

Full consolidation

Equity method

Ireland

Coface UK – Branch (Coface Europe)

Full consolidation

Equity method

Great Britain

Coface UK Holdings Limited

Full consolidation

Equity method

Holding company

Great Britain

Receivables management and data Credit insurance and related services

Coface UK Services Ltd

Full consolidation

Equity method

Great Britain

Coface Belgium – Branch (Coface Europe)

Full consolidation

Equity method

Belgium

Coface Belgium Services

Full consolidation

Equity method Business and solvency data

Belgium

Credit insurance and related services Credit insurance and related services Credit insurance and related services Receivables management and data

Coface Luxembourg – Branch (Coface Europe)

Full consolidation

Equity method

Luxembourg

Coface Portugal – Branch (Coface Europe)

Full consolidation

Equity method

Portugal

Coface Iberica – Branch (Coface Europe)

Full consolidation

Equity method

Spain

Coface Servicios España, SL

Full consolidation

Equity method

Spain

Coface Switzerland – Branch (Coface Europe)

Full consolidation

Equity method

Insurance

Switzerland

Coface Nederland – Branch (Coface Europe)

Full consolidation

Equity method

Insurance

Netherlands

Receivables management and data

Coface Nederland Services B.V.

Full consolidation

Equity method

Netherlands

Coface Danmark – Branch (Coface Europe)

Full consolidation

Equity method

Insurance

Denmark

Coface Sverige (formerly AKC Norden) – Branch (Coface Europe)

Full consolidation

Equity method

Insurance

Sweden

Coface RUS Insurance Company

Full consolidation

Equity method

Credit insurance

Russia

Coface Holding America Latina S.A.

Full consolidation

Equity method

Financial data

Mexico

Credit insurance and related services

Coface Argentina – Branch (Coface Europe)

Full consolidation

Equity method

Argentina

Coface Chile S.A. (Insurance)

Full consolidation

Equity method

Insurance

Chile

Coface Seguro de Credito Mexico

Full consolidation

Equity method

Insurance

Mexico

Credit insurance and related services Credit insurance and related services Credit insurance and related services Credit insurance and related services Credit insurance and related services Credit insurance and related services

Coface Do brasil Seguros de Credito

Full consolidation

Equity method

Brazil

Seguradora Brasileira C.E (SBCE)

Full consolidation

Equity method

Brazil

Coface Chile – Branch (Coface Europe)

Full consolidation

Equity method

Chile

Coface Ecuador – Branch (Coface Europe)

Full consolidation

Equity method

Ecuador

Coface Canada – Branch (Coface Europe)

Full consolidation

Equity method

Canada

Coface North America, Inc. (MGU)

Full consolidation

Equity method

United States

Coface Services North America, Inc.

Full consolidation

Equity method

Holding company

United States

Coface North America Holding Company

Full consolidation

Equity method

Holding company

United States

Credit insurance and related services

Coface North America Insurance Company

Full consolidation

Equity method

United States

169

Natixis Registration Document 2018