NATIXIS // 2021 Universal Registration Document

6 INDIVIDUAL FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Individual financial statements and notes

Note 1

Significant events

This project includes an organizational component that could involve: transfer to BPCE of the Insurance and Payment business lines; V grouping within a new division business lines serving Corporate V Clients and Asset & Wealth Management. In particular, it includes the following steps that should be implemented by the end of the first quarter of 2022: the contribution by Natixis to a company wholly owned by i. BPCE of all the shares held by Natixis in Natixis Assurances; the contribution by Natixis to a company wholly owned by ii. BPCE of all the shares held by Natixis in Natixis Payment Solutions, Partecis and Natixis Payment Holding (NPH), Natixis subsidiaries that currently carry out the payment activities of Groupe BPCE; the distribution by Natixis to its shareholders of the shares of iii. Natixis Assurances Holding and Natixis Payments Holding received as compensation, respectively, for the Insurance and Payments contributions; and the acquisition by BPCE of all the shares received by the iv. beneficiaries of free shares in Natixis Assurances Holding and Natixis Payments Holding as a result of the exercise of the sales agreements provided for in the liquidity agreements. At the end of the proposed transaction, BPCE would directly hold all of the share capital and voting rights of Natixis Assurances Holding and Natixis Payments Holding. At the same time as the aforementioned distribution, Natixis will carry out a capital increase whichwill be fully subscribed byBPCE for an amount ofapproximately €1.7 billion in order to restore its equity. On September 22, 2021, the Board of Directors of Natixis approved the terms of the negotiation protocol, signed on the same day, to frame their discussions and define the guiding principles that should govern the drawing up of the definitive documentation relating to the proposed transaction. The ongoing restructuring of the Payments division, which began in 2021 and was completedon January 31,2022, was a prerequisitefor the division’s transfer to BPCE. These transactions,and in particular the capital increasescarried out in January 2022,were therefore taken into account to determine the amount of writedowns to be made on NPH shares at December 31, 2021. The writedowns amounted to -€84.8 million on the basis of a valuation of €220 million corresponding to that used in the contribution projects. As part of this reorganization of the Payments division, it is also worth noting the recognition of a writedown of -€92.8 million on Natixis Marco shares. In addition, the parties also announced the transfer by Natixis to BPCE of all the shares held by Natixis in Natixis Immo Exploitation (NIE). This transfer is part of a project to create a shared services center (Workplace SSC) within BPCE S.A. bringing together all of the real estate-related expertise. It will be achieved through a sale of 100% of the shares comprising the share capital of NIE. This transaction could take place during the first quarter of 2022, at the same time as the transfer of the Workplace headcount.

Coface 1.1 Following the approval of the relevant competition and regulatory authorities, Natixis and Arch Capital Group Ltd. announced on February 10, 2021 the sale by Natixis of a 29.5% stake in the share capital of Coface to Arch Financial Holdings Europe IV Limited, an affiliate of Arch Capital Group Ltd., at a price of €9.95 per share (dividend attached). Natixis is no longer representedon the Board of Directors of Coface. Following this transaction, the residual stake in Coface, classified as “Other Long-Term Securities”, was 12.7%. During the second half of 2021, Natixis sold 4,226,361Coface shares on the market, bringing its residual stake to 10.04% as of December 31, 2021, representing an amount of €155.8 million. The result for the 2021 fiscal year for these transactions amounted to a negative €1.8 million. On January 6, 2022, Natixis announced the successful sale of its entire residual stake in the Coface entity, at a price of €11.55 per share, carried out as part of an accelerated placement with institutional investors. This disposal will affect Natixis’ financial statements for the first quarter of 2022. tender offer for Natixis shares On February 9, 2021, BPCE S.A. announced its intention to acquire the shares in the capital of Natixis S.A. that it did not hold (around 29.3% as at December 31,2020), and to file a simplifiedpublic tender offer with the French Financial Markets Authority (AMF). After obtaining the approval of the AMF on the compliance of the transaction and the various regulatory authorizations required, the simplified tender offer for Natixis shares took place from June 4 to July 9 inclusive. In accordance with the opinion of the AMF (D&I No. 221C1758 of July 13, 2021), on July 21, 2021, BPCE squeezed out all Natixis shares that had not been tendered to the public offer, under the same financial conditionsas the simplifiedpublic tender offer, i.e. €4 per share of Natixis. As a result, due to the successful implementation of the squeeze-out, Natixis was delisted on July 21, 2021. At December 31, 2021, BPCE held all of the share capital and voting rights of Natixis (excluding treasury shares and liquidity agreements). This transaction is part of an ambitious industrial project to support the development of Natixis’ business lines and the simplification of its organizational set up. Filing of a simplified public 1.2

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021