NATIXIS - 2021 Meeting notice combined general shareholder's meeting

STRATEGY

Strategic choices to prepare for the future

At the end of November 2020, Natixis adopted a series of structuring decisions in order to lay a solid foundation for preparing its next strategic plan for 2024.

Finalization of the merger between Ostrum Asset Management (Natixis) and Banque PostaleAssetManagement. CreationofaEuropean leader in interest rateand insurance management. With €1,117 billion in assets under management, Natixis Investment Managers has become the second-largest European asset manager.

Development of our business lines

Evolution in the relationshipbetweenNatixis InvestmentManagers andH2OAsset Management. Towards a gradual and orderly outcome of this partnership.

Repositioning of the equity derivatives business. Exit frommost complex products and tightened exposure limits on low/medium risk products. Refocusing on Groupe BPCE’s networks and Natixis' strategic clients, i.e. a reduction in the number of clients frommore than 400 to around 50.

Launch of a transformation and operational efficiency program. .

of perennial recurring cost savings identified by 2024 ≈€ 350 M

Company transformation

Continued development of the center of expertise in Porto which has 900 employees.

Complete exit from shale oil and shale gas by 2022 with a -25% reduction in exposure already achieved over 2020.

Exit of shale O&G (in €bn)

~1.1

in exposure to independent producers in the United States since 31/12/19 - 25 %

~0.8

20% reduction in exposure to the sector Oil & Gas thanks in particular to the refocusing of the trade finance activity..

Financing for the energy transition

~0.4

0

21/12/20

21/12/20

2021 target

2022 target

Reduction in the cost of risk related to these commitments. Greening of the portfolio in line with the development of GreenWeighting Factor.

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NATIXIS MEETING NOTICE 2021