NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

Provisions and impairment 7.16 The table below does not include value adjustments for credit losses on financial assets at amortized cost through other comprehensive income (see Note 5.1.4) , as well as financing and guarantee commitments given (see Note 5.20) .

(see Note 5.1.3) and at fair value

At December 31, 2020

Reversal (utilized provisions)

Reversal (surplus provisions)

Translation adjustments

(in millions of euros)

Other (b)

01/01/2020 Increase

31/12/2020

Counterparty risks

916

402

(2)

(353)

(71)

(2)

890

Financing and guarantee commitments

127 779

394

0

(345)

(6)

(2) (0) (0) (8) (8)

168 714

Litigation (a)

2 6

(0) (2) (2) (2)

(2) (6)

(64)

Other provisions Impairment risks

10 24 24

(0) (0) (0)

8

47 47

0 0 0 0

61 61

Long-term investments Real estate developments

0 0

0 0

0 0

0 0 3

0 0

0 0

Other provisions

Employee benefit obligations

524 179

80 49

(86) (13)

(18) (14)

(2)

502 170

Operational risks

(2)

(28)

TOTAL CONTINGENCY RESERVES

1,642 1,623 Of which €503.4 million of provisions at December 31, 2020 for Madoff fraud exposure (see Section 3.2.9 of Chapter [3] “Risk factors, risk management (a) and Pillar III”). Mainly corresponds to the impact of the actuarial valuation of defined benefit plans, the change in the accounting classification of the time savings account, (b) now considered as a long-term benefit (+€86.1 million) and the removal of the contribution from Coface at December 31, 2019 for -€102.3 million. 578 (103) (385) (70) (40)

5

At December 31, 2019

Reversal (utilized provisions)

Reversal (surplus provisions)

Translation adjustments

(in millions of euros)

Increase

Other 31/12/2019

01/01/2019

Counterparty risks

888

275

(1)

(263)

15

1

916

Financing and guarantee commitments

105 768

270

(0) (0) (0) (1) (1)

(250)

1

2 0

127 779

0 5 4 4 0 0

(3)

14

Litigation (a)

Other provisions Impairment risks

15 22 21

(10)

0 1 1 0 0 5 2

(1)

10 24 24

(1) (1) (0)

0 0 0 0

Long-term investments Real estate developments

0 0

0 0

0 0

Other provisions

0

Employee benefit obligations

584 188

90 51

(176)

(15) (17)

36 (3)

524 179

Operational risks (b) TOTAL CONTINGENCY RESERVES

(42)

1,681

420

(220)

(296)

23

35

1,642

The table does not include value adjustments for credit losses associated with financial assets at fair value through other comprehensive income. Of which €551 million of provisions at December 31, 2019 for Madoff fraud exposure (a) (see Section 3.2.9 of Chapter [3] “Risk factors, risk management and Pillar III”). Of which €10.5 million of provisions for restructuring costs at December 31, 2019 in respect of the Coface plan. (b) NIT dispute As a reminder, on December 18, 2019, the French antitrust body (Autorité de la Concurrence) announced that France's four historical meal voucher companieswere to be fined a total of nearly €415 million for price fixing. On a financial level, the fine incurred by Natixis came to €83.3 million (of which €4.4 million for Natixis Intertitres alone, with Natixis being severally liable for the balance). Natixis has appealed this decision and believes it has numerous arguments in its defense with which to challenge it. Under these conditions, no provisions were booked in the financial statements at December 31, 2019 or Decembe3r1, 2020.

343

www.natixis.com

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020