NATIXIS // 2021 Universal Registration Document

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

Note 3

Scope of consolidation

3.1 The primary changes in scope that have taken place since January 1, 2021 are as follows: Corporate & Investment Banking 3.1.1 Newly consolidated entities Creation and consolidation in the third quarter of 2021 of Natixis V Global Services (India) Private Limited. Changes in percentage of ownership

Changes in the scope of consolidation since January 1, 2021

In order to strengthen its management activities in Europe, Mirova, V an affiliate of NIM specializing in the management of ESG investments, opened in the third quarter of 2021 a branch in Sweden (Stockholm). AEW Capital Management recently created two new companies, V AEW Core Property (US) GP LLC and AEW Core Property (US) Lux GP SARL, located respectively in the United States and Luxembourg, which are involved in the management of non-consolidated real estate funds. These two entities were consolidated in the fourth quarter of 2021. Consolidation of AEW EVP GP LLP in the fourth quarter of 2021 V Deconsolidated entities AEW Senior Housing Investors Inc., which was involved in the V management of AEW Capital Management’s non-consolidated fund AEW Senior Housing Investors, was dissolved and deconsolidated in the first quarter of 2021. Deconsolidation in the second quarter of 2021 of Natixis V Formation Épargne Financière following the liquidation of the entity which had been in run-off for a number of reporting periods; AEW Real Estate Advisors, Inc. was dissolved in the third quarter of V 2021. Changes in percentage of ownership In accordance with the provisions of the shareholders’ agreement V establishing the executive management company, which was created in December 2016, the percentage of interest held by this structure in DNCA Finance decreased from 15% to 13% as of January 1, 2021. Following this transaction, the stake of DNCA Finance and its subsidiaries was 87%. Following changes in the share capital of Ossiam concerning the V entity’s managers, the shareholding rate of NIM decreased from 74.7 to 70.8% as of the first quarter of 2021. Investors Mutual Limited’s shareholding increased in the second V quarter of 2021 from 52% to 71.7% following the buyback of part of the shares held by the managers of the entity as part of the exercise of the put. In the fourth quarter of 2021, Natixis IM sold 4% of the capital of Investors Mutual Limited to the new Chief Executive Officer of the company. As a result of this transaction, Natixis IM’s stake in IML decreased from 71.7% to 67.8%. During the second quarter of 2021, new subscriptions were made V in the Thematics Subscription Economy Fund by external investors, reducing NIM’s stake from 57% to 44%. Nevertheless, the fund remains consolidated due to the crossing of thresholds. Natixis IM acquired part of the share capital of Flexstone V Partners SAS, parent of Flexstone, following the departure of a manager. As a result, the NIM shareholding rate in these entities increased from 84% to 86.6%. Natixis IM, which previously held 50% of the share capital of AEW V UK Investment Management LLP, acquired 50% of the residual capital from the managers of the structure. Following this transaction, the company, now wholly-owned by Natixis IM, changed its consolidation method from equity to full consolidation. Other transactions Natixis Distribution Corporation was absorbed by Natixis V Investment Managers, LLC in the third quarter of 2021.

The shareholding of Peter J. Solomon Company LP and Peter J. V Solomon Securities Company LLC increased from 51% to 53.28% following the buyback of shares from the founders in the first and second quarters of 2021. The shareholding rate of Natixis Partners Iberia, S.A. increased from 80% to 85% following the buyback of shares from non-controlling interests in the third quarter of 2021. Other transactions Natixis Funding was wholly absorbed by Natixis S.A. in the fourth V quarter of 2021. Asset & Wealth Management 3.1.2 Newly consolidated entities As part of its international distribution activity, Natixis IM set up in V the first quarter of 2021 a new entity, Natixis Investment Managers UK (Funds) Limited (UK), LLC, dedicated to the operational support of investment funds in the United Kingdom. Creation in the first quarter of 2021 by Loomis Sayles of a new V company in the Netherlands, Loomis Sayles (Netherlands) BV, in order to secure its presence and accelerate its development in Europe. In order to accelerate its development in Asia, the American V company AEW Capital Management created in the first quarter of 2021 a new subsidiary in South Korea, AEW Korea LLC. Creation in the first quarter of 2021 by AEW Capital Management V of two new subsidiaries in Luxembourg (AEW VIA IV GP Partners S.àr.l and AEW APREF GP S.àr.l) which are involved in the management of two investment funds (AEW Value Investors Asia IV and AEW Asia Pacific Real Estate Fund). Mirova Natural Capital, a subsidiary of Mirova specializing in the V management of natural assets, opened a consulting firm in Brazil several reporting periods ago, Mirova Natural Capital Brazil Consultoria e Assessoria LTDA (Brazil). This is a regularization in terms of display of the scope in the third quarter of 2021, because the financial data of this entity had already been reported in the NIM series. In the third quarter of 2021, AEW Capital Management created two V new entities in the United States, AEW Cold Ops MM, LLC and AEW EHF GP, LLC, which are involved in the management of two non-consolidated investment funds of the company, respectively AEW Cold Storage Properties and AEW Essential Housing. As part of the development of its support and digital activities, V Loomis Sayles created in the third quarter of 2021 a new company, NIM-os LLC, based in the United States. As part of its development in Europe, AEW (formerly AEW Ciloger), V an affiliate of NIM specializing in the management of real estate assets, created in the third quarter of 2021 a branch in the Netherlands (Amsterdam).

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021