NATIXIS // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes

Note 1

General framework

“Basis of presentation” to the consolidated financial statements for the 2020 fiscal year (presented in Section 5.1 Consolidated financial statements and notes” of the 2020 universal registration document), with the exception of the standards, amendments and interpretations which took effect as of January 1, 2021: The standards and interpretations used and described in the annual financial statements at December 31, 2020, have been completed by new standards, amendments and interpretations, the application of which is mandatory for fiscal years beginning on or after January 1, 2021: amendments to IFRS 16 “Rent reductions linked to COVID-19 V beyond June 30, 2021”, adopted by the European Union on August 31, 2021 and applicable from April 1, 2021. These amendments extend the period during which the entities may apply the provisions concerning adjustments to rents due for an additional year. The rents concerned are those due no later than June 30, 2022 (instead of June 30, 2021). These amendments had no impact on Natixis’ financial statements; the IFRS IC decision of April 20, 2021 relating to IAS 19 V “Employee benefits”. With regard to IAS 19, “Employee benefits”, the IFRS Interpretations Committee (IC) provided clarifications on the allocation of employee benefits to periods of service in the month of April 2021 in the context of a defined benefit plan with the following characteristics: at the date on which they reach retirement age, employees, if they are still employed by the entity at that date, are entitled to a lump sum equal to one month of the last salary for each year of service. This benefit is capped at a fixed number of consecutive years of service within the entity. In this case, the IFRS IC Committee has specified that the service charge is to be allocated to the periods covering only the years of service prior to retirement, within the limit of the number of years required to reach the ceiling provided for under the terms and conditions of the plan. This IFRS IC decision was validated by the IASB at its May meeting. The impact of the implementation of this decision amounted to +€1 million and was recognized in consolidated reserves; IFRS IC decision of April 27, 2021 relating to IAS 38 “Intangible V Assets”. The IFRS IC has clarified the accounting for the costs of configuring and customizing software obtained from a supplier under a Software as a Service (SaaS) contract. This decision was validated by the IASB at its meeting in April 2021. According to this decision, configuration or customization costs are generally not recognized as an intangible asset because the entity that bears these costs does not control the software and the configuration and customization activities do not create a resource that it controls, distinct from the software. To the extent that these costs do not meet the definition of an intangible asset, they are recognized as expenses when these configuration and customization services are performed. If the software configuration and customization service can be dissociated from the right of access to the SaaS software, then the cost is to be spread over the configuration and customization of the software. If, on the other hand, the configuration and customization service is inseparable from the right of access to the SaaS software, then the cost must be spread over the duration of the SaaS contract. In addition, in its decision, the Committee specifies that if an advance payment is made for these services, then this payment is to be recognized as an asset. No impact was identified in Natixis’ financial statements at December 31, 2021.

1.1

Accounting standards applied

1.1.1

IFRS standards and IFRIC

interpretations applied by the Group As required by Regulation (EC) No. 1606/2002 of July 19, 2002, Natixis has prepared its consolidated financial statements for the year ended December 31, 2021 in accordance with IAS/IFRS standards and IFRIC interpretations as adopted by the European Union and applicable on that date (1) . Natixis’ consolidated financial statements include a balance sheet, income statement, statement of net income/(loss) and other comprehensive income, statement of changes in shareholders’ equity, cash flow statement and notes to the financial statements. The financial statements presented for comparative purposes were published by Natixis in the 2020 universal registration document filed with the French Financial Markets Authority (AMF) on March 9, 2021. In accordance with Regulation (EU) 2017/1129 relating to the publication of prospectuses and Commission Delegated Regulation (EU) 2019/980 relating to the information contained in prospectuses, the financial statements for the year ended December 31, 2019, which were published in the 2019 Registration Document filed with the AMF on March 6, 2020, are included for reference in this universal registration document. As a reminder: as a reminder, Natixis elected to take the option offered by IFRS 9 V not to apply the standard’s provisions pertaining to hedge accounting and to continue applying IAS 39 for the purpose of recognizing hedging transactions, as adopted by the European Union, i.e. excluding certain macro-hedging provisions; in accordance with the regulation of November 3, 2017 of the V European Commission, Natixis, as a financial conglomerate, has opted to postpone the application of IFRS 9 for its Insurance activities, for which reporting remains under IAS 39. The entities concerned by this measure are mainly Natixis Assurances, BPCE Vie and its consolidated funds, Natixis Life, BPCE Prévoyance, BPCE Assurances and BPCE IARD. This deferral applies until the date of application of the new standard IFRS 17, “Insurance contracts”, subject to the following conditions: do not transfer financial instruments between the Insurance V division and other divisions of the conglomerate (with the exception of financial instruments at fair value through profit or Natixis has thus taken the necessary steps to prohibit any transfer of financial instruments between its insurance sector and the rest of the Group, which would have a derecognition effect for the selling entity, although this restriction is not required for transfers of financial instruments measured at fair value through profit or loss by the two sectors involved. The accounting principles and methods used to prepare the consolidated financial statements of Natixis at December 31, 2021 are identical to those used to prepare the consolidated financial statements for the fiscal year ended December 31, 2020, prepared in accordance with IFRS as adopted in the European Union and detailed in Note 1.1 loss for the two divisions affected by the transfer), indicate the insurance entities that apply IAS 39, V provide specific additional information in the notes. V

5

The complete set of standards adopted within the European Union can be consulted on the European Commission website at the following address: (1) http://ec.europa.eu/finance/company-reporting/ifrs-financial-statements/index_fr.htm.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021