NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Statutory Auditors’ report on the consolidated financial statements

Statutory Auditors’ report on the 5.2 consolidated financial statements

Fiscal year ended December 31, 2018

Furthermore, the non-audit services that we provided to your Company and its controlled undertakings during the fiscal year that are not disclosed in the management report or the notes to the consolidated financial statements are as follows: PricewaterhouseCoopers Audit: the main engagements a conducted in fiscal year 2018 concerned certification, comfort letters issued in connection with issuance programs, reviews of compliance procedures and services provided as part of restructuring measures. Deloitte & Associés: the main engagements conducted in a fiscal year 2018 concerned reviews of reporting compliance, either as required by regulations or requested by the regulators, the independent third-party body engagement on the CSR information in the management report, comfort letters issued in connection with issuance programs and certification. Observation Without prejudice to the opinion expressed above, we draw your attention to the first-time application of IFRS 9 “Financial instruments” presented in Note 1 “Impact of the first-time application of IFRS 9 as of January 1, 2018” and in Note 2 “Basis of presentation” to the consolidated financial statements.

To the General Shareholders' Meeting

OPINION

In compliance with the assignment entrusted to us by your General Shareholders’ Meeting, we carried out the audit of the Natixis Group’s consolidated financial statements for the year ended December 31, 2018, as appended to this report. In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group as at December 31, 2018 and of the results of its operations for the year then ended, in accordance with International Financial Reporting Standards as adopted by the European Union. The audit opinion expressed above is consistent with our report to the Audit Committee. We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our responsibilities under these standards are further described in the “Statutory Auditors' responsibilities for the audit of the consolidated financial statements” section of our report. Independence We conducted our audit engagement in compliance with the independence rules applicable to us, for the period from January 1, 2018 to the date of our report and in particular we did not provide any services that are prohibited under Article 5(1) of Regulation (EU) No 537/2014 or under the French Code of Ethics ( code de déontologie ) for statutory auditors. Basis for Opinion Audit Framework

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JUSTIFICATION OF ASSESSMENTS – KEY AUDIT MATTERS

In accordance with the requirements of Articles L. 823-9 and R. 823-7 of the French Commercial Code ( code de commerce ) relating to the justification of our assessments, we inform you of the key audit matters relating to risks of material misstatement that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period, as well as how we addressed those risks. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on specific items of the consolidated financial statements.

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Natixis Registration Document 2018