NATIXIS -2020 Universal Registration Document

2 CORPORATE GOVERNANCE Policies and rules established for determining compensation and benefits of any kind for corporate officers

Reminder of the deferred variable compensation structure in force in 2020

Portion paid in year N

with 50% indexed to the Natixis share price

Annual variable compensation 100 %

Year N+1 1/3 100 % in cash

Year N+2 1/3 50% in cash and 50% indexed to the Natixis share price

Year N+3 1/3 100% indexed to the Natixis share price

with 50% indexed to the Natixis share price At least 40% deferred over 3 years*

* CRD IV rules governing the portion of annual variable compensationthat must be deferred. Deferred bonuses are subject to a continued service requirement and performance criteria.

Annual variable compensation for the 2020 fiscal year

Breakdown of annual variable compensation for the 2020 fiscal year by vesting date

Annual variable compensation for Nicolas Namias for the 2020 fiscal year, for the period from August 4 to December 31, 2020 € 120,000 Strategic criteria i.e. 120.00% € 40,581 Quantitative criteria BPCE’s financial performance i.e. 48.70%

Nicolas Namias, Chief Executive Officer from August 4 to December 31, 2020

€ 30,682 in 2024

of the variable compensation target

of the variable compensation target

€ 30,680 in 2023

€ 98,538 in 2021

€ 30,000 Quantitative criteria Natixis’ financial performance i.e. 20.00% of the variable compensation target

€ 30,681 in 2022

48% of the annual variable compensation of Nicolas Namias for the 2020 fiscal year is deferred in 2022, 2023 and 2024, of which 50% will be indexed.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020