NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Statutory Auditors’ report on the parent company financial statements

Statutory Auditors’ report 5.4

on the parent company financial statements

Fiscal year ended December 31, 2020

To the General Shareholders’ Meeting of Natixis,

Opinion In compliance with the assignment entrusted to us the General Shareholders’ Meeting, we carried out the audit of the parent company financial statements of Natixis for the year ended December 31, 2020, as appended to this report. In our opinion, the parent company financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company for the past fiscal year and of the results of its operations for the year then ended in accordance with French accounting principles. The opinion expressed above is consistent with the content of 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 those standards are further described in the Statutory Auditors' responsibilities for the audit of the 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, 2020 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 Commercial Code or the French Code of Ethics (code de déontologie) for Statutory Auditors. Observation Without calling into question the opinion expressed above, we draw your attention to the points set out in Note 2 to the financial statements concerning the changes in the presentation of option premiums and securities borrowings. Basis for Opinion Audit Framework

Justification of assessments – Key audit matters The global crisis related to the Covid-19 pandemic has created particular conditions for preparing and auditing the financial statements for this fiscal year. The crisis and the exceptional emergency health measures taken have had multiple consequences for companies, particularly in respect of their activity and financing and have caused increased uncertainties for their future outlook. Some of these measures, such as travel restrictions and remote working, have also had an effect on the internal organization of companies and on the arrangements for conducting audits. It is in this complex and evolving context that, in application of the provisions of Articles L.823-9 and R.823-7 of the French Commercial Code pertaining to justification of our assessment, we bring to your attention key points of the audit as they pertain to the risk of material misstatement which, in our professional judgment, were the most important for the audit of the annual financial statements for the year, as well as the responses we have provided to these risks. The assessments thus made are part of the audit of the annual financial statements taken as a whole, as approved above, and the formation of our opinion expressed above. We do not provide a separate opinion on specific items of the annual financial statements.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020