NATIXIS // 2021 Universal Registration Document

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

sale” for €549 million, but according to specific terms and conditions concerning rights-of-use and lease liabilities relating to rental contracts carried by NIE (see below) . NIE aims to carry the commitments related to the operating real estate located in France of the Natixis, BPCE entities and their subsidiaries. In this context, NIE leases buildings and sublets them to the aforementioned entities. Following the sale of NIE, the Natixis integrated entities, which are sub-tenants of NIE, will continue to occupy the same leased areas in the same buildings. In view of the provisions of IFRS 10, IFRS 15 and IFRS 16, it is therefore considered that, for these areas, Natixis will retain control of the related rights-of-use and lease liabilities. Accordingly, only the portion of the right-of-use assets and lease liabilities the control of which has been deemed to be transferred and representative of the areas occupied by entities outside Natixis’ scope of consolidation will be recognized in the lines of “Non-current assets held for sale” and “Liabilities related to non-current assets held for sale”. Prior to consolidation, the parent company financial statements of companies included in the scope of consolidation are restated, if necessary, to bring them into line with Natixis’ accounting policies described below. The impact on the balance sheet and income statement of internal transactions carried out between fully-consolidated entities is eliminated. The internal profits or losses of entities consolidated using the equity method are eliminated to the extent of Natixis’ percentage interest in the joint venture or associate. 2.8 In the context of Article 41 of the Amending Finance law for 1997 (No. 97-1239 of December 29, 1997), amended by Article 121 of the Amending Finance law for 2008 (No. 2008-1443 of December 30, 2008), Article 5 of the Amended Finance law for 2014 (No. 2014-1655 of December 29, 2014) and the agreement signed with the French State on December 24, 2019, Natixis manages certain public procedures on behalf of the French State, mainly consisting of loans and grants to foreign States conferred within the framework of Public Development Aid, non-concessional loans to foreign States, grants to the “Fund for Private Sector Aid and Studies” and the stabilization of interest rates for export credit guaranteed by the State. The related transactions, some of which may be guaranteed by the State, are recognized separately in the financial statements. The State and other related creditors have a specific right over the Natixis assets and liabilities allocated to these public procedures. The bank’s assets and liabilities relative to these operations are identified on the balance sheet under each of the headings concerned with these operations. Natixis’ institutional operations Standardization of individual data and treatment of intra-group transactions 2.7

Proposed sale of the H20 entity In the fourth quarter of 2020, Natixis launched negotiations for the sale of its entire stake in the H20 entity, i.e. 50.01% of the share capital. This sale consists for H2O Holding in the purchase of its own shares. Discussions continued during the fiscal year, including with the relevant regulators, leading to a new version of the Memorandum of Understanding being signed on January 6, 2022, which is now expected to be implemented by the end of the first quarter 2022. As at December 31, 2021, Natixis maintained the full consolidation of the entity and presented, in accordance with the provisions of IFRS 5 “Non-current assets held for sale and discontinued operations”, the assets and liabilities of this entity grouped under two separate balance sheet items: “Non-current assets held for sale” for €401.0 million and “Non-current liabilities held for sale” for €76.0 million. The provision relating to the estimated capital loss is now expected to be €140.0 million, of which €84.2 million for the 2021 fiscal year, recorded in “Gains and losses on fixed assets” (excluding the effects of taxes). Project to transfer the Insurance and Payments activities to BPCE The BPCE Supervisory Board and the Natixis Board of Directors approved on September 22, 2021 the proposed transfer of Natixis’ Insurance and Payments activities to BPCE, which is part of an ambitious industrial project to develop Natixis’ business lines and simplify its functional departments (see Note 1.1) . As of December 31, 2021, Natixis maintained the full consolidation of the subsidiaries concerned and presented, in accordance with the provisions of IFRS 5 “Non-current assets held for sale and discontinued operations”, the assets and liabilities of these entities grouped together under two separate balance sheet items: “Non-current assets held for sale” and “Liabilities related to non-current assets held for sale” for an amount of €124,877 million (including €123,793 million) for the Insurance business line and €1,084 million for the Payments business line) and “Liabilities related to non-current assets held for sale” for an amount of €123,741 million (of which €122,928 million for the Insurance business line and €813 million for the Payments business line). The Insurance and Payments divisions being main and distinct business lines, the announcement of their transfer leads to consider them as “Discontinued operations”. In accordance with the provisions of IFRS 5, the result of these activities is presented on a separate line of the consolidated income statement “Net income after tax on discontinued operations” for an amount of €379 million. Proposed sale of Natixis Immo Exploitation to BPCE As part of the project to create a shared service center (Workplace SSC) within BPCE S.A., it is planned that Natixis S.A. will sell 100% of the shares comprising the share capital of Natixis Immo Exploitation (NIE) to BPCE. At December 31, 2021, Natixis maintained the full consolidation of NIE and presented the assets and liabilities of this entity in accordance with the provisions of IFRS 5 “Non-current assets held for sale and discontinued operations” grouped under two separate balance sheet items: “Non-current assets held for sale” for €601 million and “Liabilities related to non-current assets held for

5

281

www.natixis.com

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021