NATIXIS // 2021 Universal Registration Document

4 COMMENTS OF THE FISCAL YEAR Highlights of 2021

In 2021, NatixisWealthManagementstrengthenedthe repositioning of its direct customer franchiseon the “High Net Worth Individuals” segment. Three main drivers marked the year: the specializationof private banker developers by sector of activity, a new privileged partnership with Natixis Partners to position as early as possible on the liquidity events of the executive shareholdersand the initiation in September of the overhaul of its operating and economic model in Luxembourg. Natixis WealthManagementalso continuedto develop its activities in synergy with Groupe BPCE through the creation of the Teora subsidiary by Natixis Wealth Management, operational since July. This activity, which is dedicated to open architecture life insurance brokerage, offers tailor-made solutions, with smooth customerjourneys,to BanquePopulairebanks,Caissesd’Epargneand direct clients of its parent company. The business’s societal commitment continues with the addition of the VEGA Investment Managers offering, which launchedthe VEGA Global Care (health and well-being) and VEGA EuropeActive ISR (flexibleequitymanagement) funds. The subsidiarynowhas a rangeof sevenSRI-labeledfundsand was awarded the prize for the best management company on a human scale for its entire range over three years as part of the Refinitiv Lipper Fund Award 2021. The high level of inflows, driven by Vega-IM’s historical momentum with the Networks, coupled with a favorable market effect, has contributed to an increase of 16% in assets under management since December 2020. They thus amounted to €35.7 billion. In parallel, outstanding loans increased by 11% to reach €2.4 billion. At December 31, 2021, outstandings for the Employee Savings Schemes business line amounted to €31.7 billion, up 12.5% year-on-year, thanks to the strong performance of the financial markets and positive net inflows. Retirement savings (PER/PERCO) posted an increase of 16% in outstandings, and an ever-increasing number of savers (+5.2% over the year), confirming its driving role in the continued growth of the company savings market. The commercial activity of key account customers was buoyant, with a significant number of calls for tenders and a significant amount of capital withdrawals from competitors. Sales of BPCE’s networks are growing at historically high levels and the contribution of new distributors (Aviva and Swiss Life) is promising. The implementation of the partnership with Arial CNP Assurances continued with initial commercial successes in the major accounts and middle market segments. Corporate & Investment Banking saw strong performances across all its business lines in 2021. The Green & Sustainable Hub had a particularly dynamic year in 2021. This strong acceleration is based on the consolidation of franchises in the most mature segments: green and social issues, green financing, in particular, renewablesand investmentsolutions in bonds and equities based on our Water, ESG and Climate indices but also on the innovation momentum of the Green Hub. Thus, Natixis acted as Global Coordinatorsand AssociateBookkeeperswith SAUR for the inaugural issue of Sustainability-Linked bonds and a sustainability-linked revolving credit facility (RCF). Natixis also continued to develop the green securitizationoffer: issue of the first Green RMBS in France by Groupe BPCE, and the “Impact Hypoteken” green mortgage financing platform in the Netherlands. The hub’s positioning has also been strengthened internationally: the Americas platform supported its clients with the development of repeat bonds and the High Yield/LatAmmarkets, as illustrated in the fourth quarter by the Transmasivo transaction, the first Colombian USPP and sustainable USPP certified by CBI. The Asia-Pacific platform continued to develop investment solutions (“Green Formosa”)and sustainableinfrastructurefinancing,

particularly in Australia for the DCI datacenter. Corporate & Investment Banking was twice honored by the Hong Kong Quality AssuranceAgency (HKQAA) at its Hong Kong Green and Sustainable Finance Awards 2021. The EMEA platform concluded several major transactions with, for example, the issue of double-tranche green bonds for Acea, the Roman public service. In Spain, several emblematic transactions were also carried out: Caixabank (green and COVID bonds) and Iberdrola (hybrid green bond). Finally, in Africa, the bank was able to issue a green bond with the West African Development Bank. On the Capital Markets , in a climate still marked by the pandemic, with the rise in volatility and the return of inflationary surges, Natixis has adapted its offering to the appetite of companies and institutional investors for flow products. The IBOR transition and environmental, societal and governance (ESG) issues mainly facilitated discussions with customers. For the equity derivatives business, Natixis continued to roll out and expand its ESG range with the launch of other campaign offers for BPCE in conjunction with Mirova and new structured investment solutions in Asia and, on the other hand, the creation of new indices in partnership with recognized administrators. The Fixed-Incomebusiness line responded to the increased demand for hedging products and private placements, resulting from the maturing of maturities and the resumption of economic activity. The bank also increased its market share in the flow market, thanks in particular to the strong increase in electronic transactions. In addition, it broke new ground in Europe by concluding its first green forexhedge, which now opens the way for new developments. In Global Securities Financing, Natixis acted as arranger and placing agent for one-year Zephyr bonds valued at €1 billion, issued by Purple Protected Asset on behalf of a major UK asset management company. In Investment Banking , activity maintained very strong momentum across all business lines throughout 2021. In the bond segment, Natixis recorded a very high volume of business, notably the BPCE RAC Tier 2 issue (first issue on the market in this format since 2014) and La Banque Postale (Additional Tier 1). Natixis was ranked second in Global EUR FIG (financial bonds) (source: Dealogic). Natixis also participated in 19 ESG issues, including AXA Real Estate, Société du Grand Paris and Veolia. Natixis also continued its commercial development in the banks market by managing mandates for new clients: inaugural Covered Bond for Argenta Spaarbank and Covered Bond for The Mortgage Society of Finland. In Insurance, Natixis confirmed its position as an expert and arranger by managing six transactions in regulatory capital securities for the following issuers: CNP, AXA, Hannover Re and Aéma Groupe. In the sovereign, supranational and agency segment, Natixis joined the top three in the league table for the euro agencies segment. Natixis also distinguished itself by executing a double-tranche deal (8 and 25 years) for the European Union at a record size of €14 billion. In the equity segment, Natixis is the first French bank to create a Business line function under a single department (Strategic Equity Capital Markets), 100% dedicatedto all private-sideequity consulting, transactions, executions and hedging. This business line is not limited to the addition of ECM and SET expertise but also includes brokerage, syndication, convertiblebond trading and volatility trading and distribution to achieve complete alignment in terms of origination, pricing and distribution to enable Primary or Structured Transactions.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021