NATIXIS - 2021 Meeting notice combined general shareholder's meeting

REPORT OF THE BOARD OF DIRECTORS ON THE RESOLUTIONS SUBMITTED TO THE COMBINED GENERAL SHAREHOLDERS’ MEETING OF MAY 28, 2021 AND DRAFT RESOLUTIONS

A42>A3 C74 2>= >5 4027 20?8C0; 8=2A40B4 0=3 <0:4 V C74 2>AA4B?>=38=6 0<4=3<4=CB C> C74 1H;0FB 8= 64=4A0; 4=C4A 8=C> 0=H 06A44<4=C C0:4 0;; <40BDA4B V 0=3 20AAH >DC 0;; 5>A<0;8C84B =424BB0AH 5>A C74 8BBD0=24 ;8BC8=6 0=3 58=0=280; B4AE828=6 >5 C74 B42DA8C84B 8BBD43 D=34A C78B 34;460C8>= 0=3 5>A C74 4G4A28B4 >5 C74 A867CB C74A48= 0A4 0CC02743 42834B C70C C74 >0A3 >5 8A42C>AB <0H =>C F8C7>DC ?A8>A 0DC7>A8I0C8>= 1H C74 4=4A0; (70A47>;34ABN #44C8=6 <0:4 DB4 >5 C78B 34;460C8>= >5 0DC7>A8CH 0B 5A>< C74 58;8=6 1H 0 C78A3 ?0ACH >5 0 ?D1;82 >554A 5>A C74 >5 C74 >554A ?4A8>3 (4CB 0C CF4=CH B8G <>=C7B 0B 5A>< C74 30C4 >5 C78B <44C8=6 C74 ?4A8>3 >5 E0;838CH >5 C74 34;460C8>= >5 0DC7>A8CH 2>E4A43 1H C78B A4B>;DC8>= 42834B C70C C78B 34;460C8>= >5 0DC7>A8CH BD?4AB434B 5A>< C78B 30C4 0=H ?>AC8>= =>C H4C DB43 0=H ?A4E8>DB 34;460C8>= 70E8=6 C74 B0<4 ?DA?>B4 0=3 8= ?0AC82D;0A C70C 6A0=C43 1H C74 ><18=43 4=4A0; (70A47>;34ABN #44C8=6 >5 #0H 8= 8CB BC A4B>;DC8>= Twenty-sixth resolution: Delegation of authority to be granted to the Board of Directors to increase the number of shares to be issued in the event of a capital increase with or without preferential subscription rights. )74 4=4A0; (70A47>;34ABN #44C8=6 34;814A0C8=6 8= 022>A30=24 F8C7 C74 @D>AD< 0=3 <09>A8CH 2>=38C8>=B 5>A GCA0>A38=0AH #44C8=6B 70E8=6 A4E84F43 C74 A4?>AC >5 C74 >0A3 >5 8A42C>AB 0=3 C74 B?4280; A4?>AC >5 C74 (C0CDC>AH D38C>AB 8= 022>A30=24 F8C7 C74 ?A>E8B8>=B >5 AC82;4 " >5 C74 A4=27 ><<4A280; >34 4;460C4B C> C74 >0A3 >5 8A42C>AB 8CB 0DC7>A8CH F8C7 C74 >?C8>= >5 BD134;460C8>= D=34A C74 2>=38C8>=B B4C 1H ;0F C> 342834 C> 8=2A40B4 C74 =D<14A >5 B70A4B C> 14 8BBD43 8= C74 4E4=C >5 0= 8=2A40B4 8= C74 >A F8C7>DC ?A454A4=C80; BD1B2A8?C8>= A867CB 0C C74 B0<4 ?A824 0B C70C DB43 5>A C74 8=8C80; 8BBD4 F8C78= C74 C8<4 ;8<8CB 0=3 F8C78= C74 ;8<8CB BC8?D;0C43 1H C74 A46D;0C8>=B 0??;8201;4 >= C74 30C4 >5 C74 8BBD4 C> 30C4 F8C78= C78ACH 30HB >5 C74 2;>B8=6 30C4 >5 C74 BD1B2A8?C8>= 0=3 F8C78= C74 ;8<8C >5 >5 C74 8=8C80; 8BBD4 8= ?0AC82D;0A F8C7 0 E84F C> 6A0=C8=6 0= >E4A 0;;>20C8>= >?C8>= 8= 022>A30=24 F8C7 <0A:4C ?A02C824B 42834 C70C C74 =><8=0; 0<>D=C >5 C74 20?8C0; 8=2A40B4B 3428343 1H C78B A4B>;DC8>= F8;; 14 343D2C43 5A>< C74 0<>D=C >5 C74 20? >A 20?B 0??;8201;4 C> C74 8=8C80; 8BBD4 (4CB 0C CF4=CH B8G <>=C7B 0B 5A>< C74 30C4 >5 C78B <44C8=6 C74 ?4A8>3 >5 E0;838CH >5 C74 34;460C8>= >5 0DC7>A8CH 2>E4A43 1H C78B A4B>;DC8>= Twenty-seventh resolution: Delegation of authority to be granted to the Board of Directors to decide to increase the share capital by issuing shares or securities giving access to the share capital, reserved for members of savings plans with cancellation of preferential subscription rights in favor of the latter )74 4=4A0; (70A47>;34ABN #44C8=6 34;814A0C8=6 8= 022>A30=24 F8C7 C74 2>=38C8>=B >5 @D>AD< 0=3 <09>A8CH 5>A GCA0>A38=0AH #44C8=6B 70E8=6 A4E84F43 C74 A4?>AC >5 C74 >0A3 >5 8A42C>AB 0=3 C74 B?4280; A4?>AC >5 C74 (C0CDC>AH D38C>AB 8= 022>A30=24 F8C7 C74 ?A>E8B8>=B >5 AC82;4B " " " 0=3 " " 0=3 " >5 C74 A4=27 ><<4A280; >34 0=3 >5 AC82;4B " C> " >5 C74 A4=27 "01>A >34

4;460C4B C> C74 >0A3 >5 8A42C>AB F8C7 C74 >?C8>= >5 BD134;460C8>= D=34A C74 2>=38C8>=B B4C 1H ;0F 8CB 0DC7>A8CH C> 342834 C> 8=2A40B4 C74 B70A4 20?8C0; 8= >=4 >A <>A4 8=BC0;;<4=CB 5>A 0 <0G8<8=0; 0<>D=C >5 585CH <8;;8>= 4DA>B C7A>D67 C74 8BBD4 >5 B70A4B >A B42DA8C84B 68E8=6 0224BB C> C74 B70A4 20?8C0; A4B4AE43 5>A <4<14AB >5 >=4 >A <>A4 4H44 B0E8=6B B274<4B B4C D? F8C78= 0 2>A 6A>D? >5 2>A 5>A486= 50;;8=6 F8C78= C74 B2>?4 >5 2>=B>;830C8>= >A 2><18=0C8>= >5 C74 > AC82;4 " >5 C74 A4=27 "01>A >34 8C 148=6 B?4285843 C70C 8 C78B A4B>;DC8>= <0H 14 DB43 5>A C74 ?DA?>B4 >5 8A<8=0; 0<>D=C >5 20?8C0; 8=2A40B4B 20AA843 >DC >A ;8:4;H C> 14 20AA843 >DC 8= C74 5DCDA4 D=34A C78B 34;460C8>= F8;; 14 343D2C43 5A>< C74 6;>10; 20? ?A>E8343 5>A 8= ?0A06A0?7 >5 C74 BC A4B>;DC8>= BD1<8CC43 C> C78B (70A47>;34ABN #44C8=6 >A 0B C74 20B4 <0H 14 >= C74 0<>D=C >5 C74 >E4A0;; 20? C70C <0H 14 ?A>E8343 5>A 1H 0 A4B>;DC8>= >5 C74 B0<4 =0CDA4 C70C <0H BD22443 B083 A4B>;DC8>= 3DA8=6 C74 ?4A8>3 >5 E0;838CH >5 C78B 34;460C8>= 0=3 8B B4C F8C7>DC C0:8=6 8=C> 022>D=C C74 ?0A E0;D4 >5 C74 B70A4B C> 14 8BBD43 C> ?A4B4AE4 8= 022>A30=24 F8C7 C74 ;0F 0=3 F74A4 0??;8201;4 C74 2>=CA02CD0; ?A>E8B8>=B ?A>E838=6 5>A >C74A 20B4B >5 039DBC<4=C C74 A867CB >5 C74 7>;34AB >5 B42DA8C84B 68E8=6 0224BB C> C74 B70A4 20?8C0; (4CB 0C CF4=CH B8G <>=C7B 5A>< C74 30C4 >5 C78B <44C8=6 C74 ?4A8>3 >5 E0;838CH >5 C74 8BBD0=24 34;460C8>= 2>E4A43 1H C78B 34;460C8>= 42834B C70C C74 8BBD4 ?A824 >5 C74 =4F B70A4B F8;; 14 4@D0; C> C74 0E4A064 >5 C74 ?A824B @D>C43 3DA8=6 C74 CF4=CH CA038=6 B4BB8>=B ?A42438=6 C74 30H >5 C74 3428B8>= B4CC8=6 C74 >?4=8=6 30C4 >5 C74 BD1B2A8?C8>= ;4BB C74 <0G8D=C ?A>E8343 5>A 1H ;0F >= C74 30C4 >5 C74 3428B8>= >5 C74 >0A3 >5 8A42C>AB 8C 148=6 B?4285843 C70C C74 >0A3 >5 8A42C>AB <0H A43D24 C78B 38B2>D=C 85 8C 344?A80C4 8= ?0AC82D;0A 8= C74 4E4=C >5 0= >554A C> <4<14AB >5 0 2>5 B42DA8C84B >= C74 8=C4A=0C8>=0; <0A:4C 0=3 >A 01A>03 8= ?0AC82D;0A 8= >A34A C> <44C C74 A4@D8A4<4=CB >5 0??;8201;4 ;>20; ;0FB DC7>A8I4B C74 >0A3 >5 8A42C>AB C> 0;;>20C4 5A44 >5 270A64 C> C74 14=458280A84B 8=3820C43 01>E4 8= 0338C8>= C> C74 B70A4B >A B42DA8C84B 68E8=6 0224BB C> C74 B70A4 20?8C0; C> 14 BD1B2A8143 8= 20B7 B70A4B >A B42DA8C84B 68E8=6 0224BB C> C74 B70A4 20?8C0; C> 14 8BBD43 >A 0;A403H 8BBD43 0B 0 BD1BC8CDC4 5>A 0;; >A ?0AC >5 C74 38B2>D=C 0=3 >A C74 <0C278=6 2>=CA81DC8>= 8C 148=6 D=34ABC>>3 C70C C74 14=458C A4BD;C8=6 5A>< C78B 0;;>20C8>= <0H =>C 4G2443 C74 ;460; >A A46D;0C>AH ;8<8CB 0??;8201;4 D=34A AC82;4B " 0=3 " >5 C74 A4=27 "01>A >34 42834B C> F08E4 8= 50E>A >5 C74 14=458280A84B 8=3820C43 01>E4 C74 B70A47>;34ABN ?A454A4=C80; BD1B2A8?C8>= A867CB C> B70A4B 0=3 B42DA8C84B 68E8=6 0224BB C> C74 B70A4 20?8C0; 2>E4A43 1H C78B 34;460C8>= B083 B70A47>;34AB 0;B> F08E8=6 8= C74 4E4=C >5 0= 0F0A3 >5 5A44 B70A4B C> C74 14=458280A84B 8=3820C43 14;>F 0=H A867C C> BD27 B70A4B >A B42DA8C84B 68E8=6 0224BB C> B70A4 20?8C0; 8=2;D38=6 C74 ?>AC8>= >5 A4B4AE4B ?A>58CB >A ?A4<8DA?>A0C43 8=C> B70A4 20?8C0; C> C74 4GC4=C >5 BD27 0F0A3 >= C74 10B8B >5 C78B A4B>;DC8>= DC7>A8I4B C74 >0A3 >5 8A42C>AB D=34A C74 2>=38C8>=B >5 C78B 34;460C8>= C> B4;; B70A4B C> <4<14AB >5 0 2>A 6A>D? B0E8=6B ?;0= >A B8<8;0A ?;0= 0B ?A>E8343 5>A 1H AC82;4 " >5 C74 A4=27 "01>A >34 8C 148=6 B?4285843 C70C C74 B0;4 >5 B70A4B 20AA843 >DC 0C 0 38B2>D=C 8= 50E>A >5 C74 <4<14AB >5 >=4 >A <>A4 4H44 B0E8=6B B274<4B A454AA43 C> 8= C78B A4B>;DC8>= F8;; 14 343D2C43 D? C> C74 =><8=0; 0<>D=C >5 C74 B70A4B C7DB B>;3 D? C> C74 20?B A454AA43 C> 8= ?0A06A0?7 01>E4