NATIXIS -2020 Universal Registration Document

CAPITAL AND SHARE OWNERSHIP Dividend distribution policy

Resolves that the acquisition, sale or transfer of the shares may take exercising a warrant or by any other means, either directly or place at any time (except in public offer periods on the Company's indirectly via an investment services provider.

shares), by any means, on regulated markets, multilateral trading platforms,with systematic internalizersor over the counter, including by means of the acquisition or sale of blocks of shares (without limiting the portion of the buyback program that may be realized by this means), by a tender or exchange offer, or by using options or other forward financial instruments, or by the tendering of shares subsequent to the issue of securitiesgiving access to the Company’s capital by means of conversion, exchange or redemption, by

Duration of the buyback program As of its authorization by the General Meeting of May 28, 2021, this program will be valid for one year for a maximum duration of 18 months i.e. until November 28, 2022.

Dividend distribution policy 7.8

In accordance with the recommendation of the European Central Bank, Natixis’ dividend distribution policy is based on prudent assumptions in order to be able, after potential distribution, to meet the applicable capital requirements and the conclusions of the prudential monitoring and evaluation process. On December 15, 2020, the European Central Bank announced certain additional measures to regulate the distribution of dividends by banking institutions, given the context of the health crisis. This defines the following conditions and limits on the amount of the amount of dividends must not exceed 15% of cumulative V profits (excluding exceptional or technical items) for the financial years 2019 and 2020 and the impact of the distribution must not represent more than 20 basis points of the CET 1 ratio as of December 31, 2020, the effect of which is the lower of the two; dividend payments must be approved in advance by the V supervisor. With the exception of fiscal year 2019, the Company has, in recent years, distributed a dividend representing more than 50% of net income Group share. dividends that may be distributed: the bank must be a beneficiary; V

The Company cannot guarantee the amount of dividends that will be paid in respect of a fiscal year because this is dependent on the Group’s financial position, results and recommendations from banking supervisory authorities. In respect of the 2019 fiscal year, in view of the COVID-19 pandemic and the difficulty of assessing the economic and financial short- and medium-term consequences, and in line with the ECB’s recommendations of March 27, 2020, the Board of Directors proposed to the General shareholdersMeeting of May 20, 2020 that no dividend would be paid out (instead of the distribution of €31 cents per share initially planned). The General Shareholders’ Meeting of May 20, 2020 therefore decided to allocate the distributable profit in full to retained earnings. Given the limitations imposed by the supervisor, in this case compliance with the limit of 20 basis points of the CET 1 ratio as at December 31, 2020, the Board of Directors proposes to the General Shareholders’ Meetingof May 28, 2021 the distributionof a dividend of six cents per share, representing the amount of €189,357,090.12 for fiscal year 2020.

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In respect of previous years (2015 to 2019), Natixis hasdistributed the following dividends:

For 2019 fiscal year*

For 2018 fiscal year

For 2017 fiscal year

For 2016 fiscal year

For 2015 fiscal year

(in euros)

N/A N/A

0.78 64%

0.37 74%

0.35 85%

0.35 85%

Net dividend per share

Pay-out ratio

Given the Covid 19 pandemic and in line with the ECB recommendations of March 27, 2020, the Company did not distribute dividends in 2019. *

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020