NATIXIS -2020 Universal Registration Document

4 OVERVIEW OF THE FISCAL YEAR

Main investments and divestments performed over the period

Main investments and divestments 4.3 performed over the period

Business line

Investment description

2020 Asset Management The merger of the fixed-income and insurance management activities of Ostrum Asset Management and La Banque Postale Asset Management was completed on October 31, 2020. This merger marks the creation of a leader in Asset Management in Europe, with over €430 billion in assets under management and over €590 billion managed through its services platform at the end of September 2020. 2019 Asset Management Acquisition of a minority stake in US Asset Management company WCM Investment Management (WCM) and conclusion of an international distribution agreement. Asset Management Conclusion of a strategic partnership agreement with Fiera Capital, the leading publicly-traded independent distribution platform in Canada, and acquisition of a minority stake of 11% in its capital. Private Banking Acquisition of asset manager and investment advisory firm Massena Partners, a partner of Natixis Wealth Management for 20 years. The deal allows Natixis Wealth Management to bolster its Private Equity and real estate club deal offering by leveraging on the long-standing partnerships formed with Massena Partners and other leading players in these segments. 2018 Asset management Acquisition of European credit specialist MV Crédit as part of the expansion of Natixis Investment Managers’ private debt offering. CIB Strategic investment in Vermillion Partners in China as part of the strategic enhancement of Natixis’ expertise in Mergers & Acquisitions advisory services. CIB Strategic investment in Fenchurch Advisory Partners in the United Kingdom as part of the strategic enhancement of Natixis’ expertise in Mergers & Acquisitions advisory services. CIB Strategic investment in Clipperton in France as part of the strategic reinforcement of Natixis’ expertise in Mergers & Acquisitions consulting. CIB 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; V the integration of both players’ equity Capital Markets activities in France at Natixis. V 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). CIB Acquisition of a majority stake in Azure Capital, one of Australia’s top M&A advisory boutiques.

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

Business Line

Divestment description

2020 Asset management Announced disvestment of Natixis Investment Managers from its 50.01% stake in the capital of H20 Asset Management. Such transaction would be subject to consideration and approval by relevant regulatory authorities. Natixis Sale of a 29.5% stake in Coface to leading US insurance firm Arch Capital Group. Completion of the transaction is subject to the usual conditions, in particular mandatory regulatory approval. 2019 Natixis Sale of entities performing retail banking activities to BPCE Asset management Sale of the Canadian distribution business to Fiera Capital Asset management Disposal of Darius Capital

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020