NATIXIS -2020 Universal Registration Document

CORPORATE GOVERNANCE Management and oversight of corporate governance

Management and oversight 2.2 of corporate governance

Board of Directors 2.2.1

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Composition and organization of the Board of Directors

2.2.1.1 Natixis’ Board of Directors had 15 membersat December 31,2020. It is composed as follows: two members from BPCE, namely Laurent Mignon and BPCE itself, V represented by Catherine Halberstadt; four members from the Banque Populaire banks, namely Alain V Condaminas, Sylvie Garcelon, Philippe Hourdain and Catherine Leblanc; four members from the Caisse d’Epargne banks, namely V Daniel de Beaurepaire, Dominique Duband, Nicole Etchegoïnberry and Christophe Pinault; and five independent members, namely Anne Lalou, Bernard Oppetit, V Catherine Pariset, Diane de Saint Victor and Nicolas de Tavernost. Pursuant to Articles L.22-10-5 and L.225-27-1 and L.22-10-7 of the French Commercial Code, Natixis’ Board of Directors does not have any employee directors, or any employee shareholder directors. However, two representatives of the Social and EconomicCommittee attend every Board of Directors’ Meeting in an advisorcyapacity. In accordance with Article 9of the Natixis bylaws, each directormust own at least one hundred and forty (140) company shares during their term of office. Furthermore, in accordance with the recommendations of the Afep-Medef Code and the provisions of Article 3 of the Code of Ethics for members of the Board of Directors (see section 2.2.1.2 B of this chapter) , directors are asked to hold at least one thousand (1,000) company shares within 18 months of joining the Board (refer to each director’s sheets for more details on their number of shares). In accordancewith Article L.225-19of the French Commercial Code, the number of directors who are over the age of 70 is limited to one third of the number of directors in office. Two Natixis directors are over the age of 70 as of December 31, 2020 (please refer to the summary table of the Board of Directors in section 2.1.2 of this chapter for more details on their number of shares) . In addition, in accordance with Article 14.1 of the Afep-Medef Code, the term of office of Natixis directors is four (4) years . A – Main changes in the composition of the Board of Directors The main changes made to the Board of Directors in FY 2020 that are likely to have a material impact on the Company’s governance are as follows:

on February 6, 2020, the Natixis Board of Directors: V co-opted with immediate effect Dominique Duband as Director V to replace Françoise Lemalle, who resigned, for the remainder of her term of office, terminating at the end of the Natixis General Shareholders’Meeting convened in 2022 to approve the financial statements for the year ending December 31, 2021. Dominique Duband is also a ex-officio member of the Strategic committee; on May 20, 2020, the General Shareholders’ Meeting of Natixis: V ratified the co-opting of Dominique Duband, which took place V during the meeting of the Board on February 6, 2020, to replace Françoise Lemalle, who resigned, to serve out the remainder of his predecessor’s term of office, terminating at the end of the General Shareholders’Meeting convened in 2022 to approve the financial statements for the year ending December 31, 2021, reappointed Alain Condaminas as Director for a term of four (4) V years, terminating at the end of the General Shareholders’ Meeting convened in 2024 to approve the financial statements for the year ending December 31, 2023, reappointedNicole Etchegoïnberry as Director for a term of four V (4) years, terminating at the end of the General Shareholders’ Meeting convened in 2024 to approve the financial statements for the year ending December 31, 2023, reappointed Sylvie Garcelon as Director for a term of four (4) V years, terminating at the end of the General Shareholders’ Meeting convened in 2024 to approve the financial statements for the year ending December 31, 2023. on June 23, 2020, the Natixis Board of Directors: V co-opted with immediate effect Philippe Hourdain as a Director V to replace Thierry Cahn, who resigned, for the remainder of his term of office, terminating at the end of the Natixis General Shareholders’Meeting convened in 2022 to approve the financial statements for the year ending December 31, 2021, and appointed his successor as member of the Appointment Committee. Philippe Hourdain is also a ex-officiomember of the Strategic committee, co-opted with immediate effect Catherine Leblanc as a Director V to replace Bernard Dupouy, who resigned, for the remainder of his term of office, terminating at the end of the Natixis General Shareholders’Meeting convened in 2023 to approve the financial statements for the year ending December 31, 2022, and appointed his successor as member of the Compensation Committee. Catherine Leblanc is also a ex-officiomember of the Strategic committee.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020