NATIXIS -2020 Universal Registration Document

8 GENERAL SHAREHOLDERS’ MEETINGS

Combined General Shareholders’ Meeting of May 28, 2021

Statutory Auditors’ special report on related-party 8.2.4 agreements

General Shareholders’ Meeting called to approve thefinancial statements for the fiscal year ended December 312,020

To the Shareholders, NATIXIS 30 avenue Pierre-Mendès-France 75013 Paris

In our capacity as your Company’s Statutory Auditors, we hereby submit our report on related-party agreements. We are required to inform you, on the basis of the information provided to us, of the key features, terms and conditions as well as the reasons justifying the relevance for the Company of the contractual agreements that have been indicated to us or that we may have identified in the performance of our assignment. It is not our role to comment whether they are beneficial, or to ascertain the existence of any other agreements. It is your responsibility, in accordance with Article R.225-31 of the French Commercial Code (Code de commerce), to assess the benefits resulting from these agreements prior to their approval.

In addition, we are required to inform you, in accordancewith Article R.225-31 of the French Commercial Code, of the execution during the past fiscal year of the agreements already approved by the General Shareholders’ Meeting. We performed the procedures we considered necessary to comply with the professional code of the Compagnie Nationale des Commissaires aux Comptes (France’s National Association of StatutoryAuditors) relating to this assignment.Our work consisted in verifying that the information provided to us is consistent with the underlying documents from which it was extracted.

Agreements submitted for the approval of the General Shareholders’ Meeting Agreements authorized and entered into during the past fiscal year

In accordancewith Article L.225-40 of the French Commercial Code, we were informed of the following agreements entered into during the past fiscal year that were approved by the Board of Directors. Partnership agreement between Natixis 1. Investment Managers, Ostrum Asset Management, Topco, La Banque Postale Asset Management, in the presence of Natixis, BPCE and La Banque Postale. On June 23, 2020, the Board of Directors authorized the signature of a partnership agreement between Natixis Investment Managers, Ostrum Asset Management, Topco, La Banque Postale Asset Management (LBPAM), in the presence of Natixis, BPCE and La Banque Postale (LBP). The purpose of this agreement is to formalizea partnershipaimed at creating a leading European player in asset management by combining, within Ostrum Asset Management, the activities and expertise of euro rate and credit management, as well as the insurance management of Ostrum Asset Management and La Banque Postale Asset Management. The agreement aims to combine, within OstrumAsset Management, the core euro rate management activities and expertise, as well as the insurance management of Ostrum Asset Management and LBPAM. Following the merger, Ostrum Asset Management will also have a technologicaland operational platformcapable of meeting the needs of Ostrum Asset Management as well as providing services to certain affiliates of Natixis InvestmentManagersand LBP and to any third-party customers. This platform will have the following objectives: to offer insurance management at a competitive price and a V service to the best market standards;

to offer its large clients core euro rate management with the V highest standards of operational efficiency to operate at a lower cost; to grow and welcome other customers outside the LBP and BPCE V groups; to be fully compliant with the principles of socially responsible V investment. The proposed merger comes within this framework (it being specified that the activities of LBPAM and Ostrum Asset Management that are not intended to be pooled will have been transferred beforehand by these two entities). Following the merger, Ostrum Asset Management would be owned at 55% by Natixis Investment Managers (a subsidiary of Natixis) and at 45% by Topco (subsidiary of La Banque Postale). The parties have agreed that following the merger, Ostrum Asset Management will retain the name of “Ostrum Asset Management.” This partnership agreement was signed on June 28, 2020 for a completion date to be no later than October 31, 2020 and must be submitted for approval to the General Shareholders’Meeting of May 28, 2021. Corporate officers concerned on the day of the transaction: Laurent Mignon, Chairman of the Management Board of BPCE and Chairman of the Board of Directors of Natixis, CatherineHalberstadt,Member of the Management Board of BPCE and permanent representative of BPCE at Natixis, BPCE also being a director of Natixis Investment Managers and Ostrum Asset Management, Alain Condaminas, director of Natixis and director of Ostrum Asset Management, Christophe Pinault, director of Natixis and director of Natixis Investment Managers, François Riahi, Chief Executive Officer of Natixis and member of the Management Board of BPCE. This agreement had no financial impact in 2020.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020