NATIXIS - 2020 Meeting notice combined general shareholder's meeting

REPORT OF THE BOARD OF DIRECTORS ON THE RESOLUTIONS

allocating or transferring shares to employees in respect of their V share of the Company profits, Employee Savings plans or share buyback programs and to allocate bonus shares or any other form of share allocation to members of staff; cancelingshares; V tendering shares (for exchange, payment or another reason) V in connection with acquisitions, mergers,spin-offs or assetransfers; tendering shares upon exercising rights attached to securities V granting rights to capital. The maximumshare price cannotexceed ten(10) euros pershare. These shares may be bought, sold or transferredat any time (except in the event of a public offer of the Company’sshares) by any means (including block trades or the use of derivatives) in accordance with the regulations in effect (see the summary table below on the financial resolutionssubmitted to the shareholders) .

Trading by the Company in its own shares (resolution sixteen) Resolution sixteen asks the General Shareholders’Meeting to renew, for a period of 18 months, the authorization to buy back shares granted to the Board of Directors. Thus, the Board of Directorswould be authorizedto set up a treasury share buyback program up to a limit of 10% of the total number of shares comprising the Company’s share capital, or 5% of the total number of shares comprising the Company’s share capital acquired with a view to being held and subsequently tendered in connection with a merger, spin-off or asset transfer. The Company cannot under any circumstance own at any given time more than 10% of the shares comprising its share capital. These share purchases would be forthe purposesof: managing the liquidity contract; V

RESOLUTIONS

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NATIXIS MEETING NOTICE 2020