NATIXIS // 2021 Universal Registration Document

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

31/12/2021

31/12/2020

Consolidation method at December 31, 2021

%

%

Country

Business lines Consolidated subsidiaries Coface TECHNOLOGIE – ROMANIA (a) Coface CZECH INSURANCE – Branch (Coface AUSTRIA) (a) Coface SLOVAKIA INSURANCE – Branch (Coface AUSTRIA) (a)

Control Ownership

Activity

Control Ownership

Data services

42 42

42

Romania

Insurance

42 Czech Republic

Insurance

42

42

Slovakia

Coface PKZ (a)

Credit insurance

42 42 42 42 42 42 42 42 42 42 42 42

42 42 42 42 42 42 42 42 42 42 42 42

Slovenia

Credit insurance and related services Credit insurance and related services Credit insurance and related services Credit insurance and related services Credit insurance and related services Credit insurance and related services

Japan

Coface JAPAN – Branch (Coface Europe) (a) Coface SINGAPOR – Branch (Coface Europe) (a) Coface HONG KONG – Branch (Coface Europe) (a) Coface ECUADOR – Branch (Coface Europe) (a) Coface AUSTRALIA – Branch (Coface Europe) (a) Coface TAIWAN – Branch (Coface Europe) (a)

Singapore Hong Kong

Ecuador Australia Taiwan Bulgaria

Insurance

Coface BULGARIA (Branch) (a) Coface ASSICURAZIONI SPA (a)

Credit insurance and related services

Italy

Holding company

Austria

Coface AUSTRIA (a)

Credit insurance and related services Credit insurance and related services

Germany

Coface DEUTSCHLAND (a)

Greece

Coface GRECE – Branch (Coface Europe) (a)

CORPORATE CENTER NATIXIS ALGÉRIE

Bank

FC

100

100

100 100 100 100 100 100 100

100 100 100 100 100 100 100

Algeria France France France France France France

Securitization vehicle Real estate operations Real estate operations Real estate operations Real estate operations Real estate investments

Naléa (q)

SCI ALTAIR 1 SCI ALTAIR 2

FC FC FC FC FC

100 100 100 100 100

100 100 100 100 100

NATIXIS IMMO EXPLOITATION

FONCIERE KUPKA

NATIXIS FONCIERE S.A.

Change in registered company name in 2021. * French subsidiaries whose individual prudential oversight is performed based on Group consolidated ratios in accordance with Article 7 of Regulation (EU) No. 575/2013 of the European ** Parliament and of the Council of June 26, 2013 relative to regulatory requirements applicable to credit institutions and investment firms. The sale by Natixis of a 29.5% stake in Coface was completed on February 10, 2021. (a) The shareholding rate increased from 70% to 100% following the exercise of the put on the remaining minority interests in the first quarter of 2021. (b) As part of its international distribution activity, Natixis IM set up a new entity in the first quarter of 2021, dedicated to the operational support of investment funds in the United Kingdom. (c) Creation in the first quarter of 2021 by Loomis Sayles of a new company in the Netherlands, in order to secure its presence and accelerate its development in Europe. (d) In order to accelerate its development in Asia, the American company AEW Capital Management created a new subsidiary in South Korea, AEW Korea LLC, in the first quarter of 2021. (e) Creation in the first quarter of 2021 by AEW Capital Management of two new subsidiaries in Luxembourg involved in the management of two investment funds (AEW Value Investors (f) Asia IV and AEW Asia Pacific Real Estate Fund). AEW Senior Housing Investors Inc., which was involved in the management of AEW Capital Management’s non-consolidated fund AEW Senior Housing Investors, was dissolved (g) and deconsolidated in the first quarter of 2021. In accordance with the provisions of the shareholders’ agreement establishing the executive management company, which was created in December 2016, the percentage of interest (h) held by this structure in DNCA Finance decreased from 15% to 13% as of January 1, 2021. Following this transaction, the stake in DNCA Finance and its subsidiaries was 87%. Following changes in the share capital of Ossiam concerning the entity’s managers, the shareholding in NIM decreased from 74.7 to 70.8% as of the first quarter of 2021. (i) The shareholding increased from 51 to 53.28% following the exercise of the put by non-controlling interests in the first and second quarters of 2021. (j) Deconsolidation in the second quarter of 2021 following the liquidation of the entity which had been under run-off management for several reporting periods. (k) The shareholding increased from 52 to 71.7% following the acquisition in the second quarter of 2021 of a portion of the shares held by the managers of the entity as part of the exercise (l) of the put. During the fourth quarter of 2021, the shareholding decreased from 71.7 to 67.8% following the sale of 4% of the entity’s capital to the entity’s new Chief Executive Officer. During the second quarter of 2021, new subscriptions were made in the fund by external investors, reducing NIM’s shareholding from 57 to 44%. Nevertheless, the fund remains (m) consolidated due to the crossing of thresholds. The shareholding increased from 99.44 to 99.72% following the buyback in the second quarter of 2021 of a portion of the shares held by the managers of the entity as part of the exercise (n) of the put. Creation and consolidation of the subsidiary in the third quarter of 2021. (o) Consolidation in the third quarter of 2021 after thresholds were crossed. (p) Deconsolidation in the third quarter of 2021 following the liquidation/dissolution of the entity. (q) Creation and consolidation of the branch in the third quarter of 2021. (r) Natixis Distribution Corporation was absorbed by its parent company, Natixis Investment Managers, LLC during the third quarter of 2021. (s) Natixis IM acquired during the third quarter of 2021 a part of the share capital of Flexstone Partners SAS, parent of Flexstone, following the departure of a manager. As a result, (t) the shareholding in these entities increased from 84 to 86.6%. Deconsolidation in the fourth quarter of 2021 following the dissolution by TUP of Natixis S.A. (u) Creation and consolidation of the subsidiary in the fourth quarter of 2021. (v) Deconsolidation in the fourth quarter of 2021 following its merger with Bimpli. (w) Consolidation in the fourth quarter of 2021 after thresholds were crossed. (x) The shareholding in the entity increased from 50 to 100% following the acquisition in the fourth quarter of 2021 of the residual capital from the managers of the structure. (y) The shareholding increased from 80 to 85% following the exercise of the put on the minority interests in the third quarter of 2021. (z)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021