NATIXIS - 2018 Registration document and annual financial report

4 OVERVIEW OF THE FISCAL YEAR

Main investments and divestments performed over the period

Main investments and divestments 4.3 performed over the period

In line with the strategy of the New Dimension plan, in 2018 Natixis pursued a policy of targeted acquisitions in Asset Management, CIB and Payments.

Business line

Investment description

2018 Asset Management Acquisition of European credit specialist MV Crédit as part of the expansion of Natixis Investment Managers’ private debt offering Corporate & Investment Banking Strategic investment in Vermillion Partners in China as part of the strategic enhancement of Natixis’ expertise in Mergers & Acquisitions advisory services Corporate & Investment Banking Strategic investment in Fenchurch Advisory Partners in the United Kingdom as part of the strategic enhancement of Natixis’ expertise in Mergers & Acquisitions advisory services Corporate & Investment Banking Strategic investment in Clipperton in France as part of the strategic reinforcement of Natixis’ expertise in Mergers & Acquisitions consulting Corporate & Investment Banking Long-term partnership to create a leading player in equity brokerage and equity capital markets in continental Europe. This partnership includes: the transfer of Natixis’ equity brokerage and equity research activities in France to ODDO BHF a the reunion of both players’ equity capital markets activities in France under Natixis a Payments Acquisition of Banque Postale’s 50% stake in Titres Cadeaux Payments Acquisition of 46% of the remaining shares in Dalenys, following a takeover bid and squeeze-out Payments Acquisition of a majority stake (70%) in Comitéo, a prepaid payments company (software platform for works councils). 2017 Asset Management Acquisition of a minority stake in Airborne Capital, an aeronautics leasing and asset management specialist. Asset Management Mirova's acquisition of a majority stake (51%) in Althelia Ecosphère, an asset management company specialized in impact investing. Asset Management Acquisition of a majority stake (51.9%) in Investors Mutual Limited, a well-known asset management company in Australia. Insurance Acquisition of 40% of BPCE Assurances from Macif and Maif to become the sole shareholder Payments Acquisition of 54% of the shares of Dalenys, a French fintech with a high-performance technological offering for e-commerce retailers Payments Acquisition from BPCE of 100% of S-money, a digital payment and collection solutions specialist that responds to new customer preferences, and its subsidiaries (such as Le Pot Commun) Payments Acquisition of a majority stake (78.5%) in PayPlug, a French start-up offering online payment solutions for online retailers 2016 Corporate & Investment Banking Acquisition of 51% of Peter J. Solomon Company, a New York-based firm specialized in providing independent advisory services on mergers & acquisitions, capital structure and restructurings to public and private corporations. Asset Management Merger of asset management firms AEW Europe and Ciloger as part of a strategic partnership with La Banque Postale

In addition, a number of targeted disposals were carried out.

234

Natixis Registration Document 2018