NATIXIS - 2018 Registration document and annual financial report

1 PRESENTATION OF NATIXIS Natixis’ businesses

In 2018, Natixis continued to enhance its offering with investment solutions such as the climate investment funds Magenta Climat and Transition Énergétique, an investment solution that is 90% guaranteed at all times, and whose performance driver is a Euronext index of 50 European stocks of companies committed to reducing carbon emissions (the ECO5E index). The Equity Derivatives teams were recognized for their expertise in solution design and distribution, as well as pre- and post-trade services, and the business received a number of awards in 2018: “Best Insurance Deal”, “Best Distributor, France & Benelux”, “Best Distributor, Italy” and “Best Training Initiative, Structured Products” (source: Structured Retail Products Europe Structured Products & Derivatives Awards 2018) . In addition, the bank was named “Most Innovative Investment Bank for Climate & Sustainability” by the prestigious magazine The Banker . This award recognizes the pioneering role Natixis has played in the industry, including developing the first OAT green repack, SRI financial products including the first green-certified commercial real estate loan, the first securitization of green commercial mortgage receivables and also the setting up of an integrated Green & Sustainable Hub, whose cross-business activities help bring a green element to the entire range of financing and investment offerings. Global Securities Financing Resulting from the merger of the Equity Finance (Equity Derivatives) and Securities Financing group (Fixed Income) teams, Global Securities Financing aims to promote dialog with clients in order to provide them with multi-underlying and multi-product solutions. With 65 employees in Paris, London, Frankfurt, New York, Hong Kong and Tokyo, Global Securities Financing’s primary areas of expertise are collateralized funding and collateral management (repos, securities lending/borrowing, etc.), repo market-making and credit and sovereign securities lending/borrowing, and index (equity) market-making as well as a Solutions Department. The pooling of expertise facilitates the development of innovative hybrid solutions. The team also helps the bank adapt to changes in the market and regulatory constraints (relating to balance sheet, LCR, RWA, etc.), and provides an overview of the bank’s assets, mainly equities and fixed income (collateral) in order to manage them more efficiently and comprehensively. CVA/DVA desk Global Markets has a centralized XVA management desk (CVA/DVA/FVA). Its core responsibilities are to measure and manage XVA exposures and hedge the main risks generated by these exposures. Research Research complements Natixis’ sales strategy. Every day, the Research function publishes analyses to guide clients in their investment decisions and contributes to creating financial solutions tailored to clients’ needs. Global Markets research has developed recognized expertise in cross-asset, equity derivative, credit and macroeconomic research, investment strategies, and commodities, fixed income and forex research. In July 2018, Natixis’ equity research team was transferred to the broker ODDO BHF. This move is part of Natixis and ODDO

BHF’s long-term partnership to provide equity brokerage and research service continuity to Natixis and Groupe BPCE clients. To enhance the search for innovative solutions for Natixis clients, particularly in the four key sectors identified as part of the New Dimension strategic plan, in October 2018, Global Markets Research announced the introduction of a new organization structure centered around teams devoted to specific themes combining macro and credit expertise in strategic sectors and complex asset classes that are insufficiently covered and/or growing strongly within the EMEA region: the ENR/Real Assets research team covers the Energy & a National Resources, Real Estate & Hospitality, Infrastructure, Green Bonds, Hybrids and High Yield sectors. the Macro & Financial Institutions research team covers the a main EMEA economies and major players in finance (banks, insurers, etc.). Global Markets Research received a number of awards recognizing the expertise of its teams and their commitment to their clients. Euromoney ranked it no. 4 for Fixed Income Research and No. 1 across seven categories: Consumer Products & Retail, Corporate Hybrid Bonds, Covered Bonds & Pfandbriefe, Green Bonds/SRI, Credit Strategy, Supranational & Agencies, and Securitization & ABS. This is the first time that Natixis has secured the lead position in the Credit Strategy category, which is known as the most competitive group (source: Euromoney Fixed Income Survey 2018) . Quantitative research contributes to the adaptation of our offering on the Capital Markets. It supports the bank’s financial innovation process and ensures that it remains competitive in today’s fast-changing markets. Its teams help develop pricing and risk management models and quantitative asset allocation strategies. Natixis’ ambitions in the Energy and National Resources (ENR) sector are underpinned by its involvement for over 30 years with producers, distributors and traders in the three underlying industries (energy, metals, agricultural products), and as a global organization. Established in 2018, the ENR franchise has been adapted across the bank’s three platforms (EMEA, APAC and the Americas) and has four pillars: ENR Industry Group: an industry bankers’ group made up of a specialists tasked with developing solutions for investment banking; ENR Advisory: industry M&A advisory activity, mainly targeting a independent oil companies and mining groups, and a pool of engineers that provide Natixis with the capacity for technical analysis of the assets involved; ENR Finance: teams in charge of debt and both structured a finance and commodity trade finance (CTF); GMC: commodity price hedging activity, led by ENR in a partnership with the Capital Markets activities team. As part of Natixis’ ambition to be the go-to bank in this sector, 2018 was devoted to building teams and setting up governance. The objective for ENR is to offer clients the added value needed to foster strategic dialog and deliver tailored banking solutions with the input of all Corporate & Investment Banking teams. 1.3.2.2 Financing Energy & Natural Resources

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Natixis Registration Document 2018