NATIXIS // 2021 Universal Registration Document

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

The information-consultation process of the relevant employee representative bodies within Groupe BPCE was initiated on September 23, 2021. The latter issued their opinion on January 11, 2022. The Board of Directors of Natixis on February 10, 2022 subsequently approved and authorized the signing of the contribution agreements relating to the contributionsof the Insuranceand Paymentsactivities to the two aforementioned holding companies, and approved the draft resolutions submitted to it relating in particular to the distribution to shareholders of the shares received in exchange for the contributions and the capital increase subject to obtaining the approval of the European Central Bank (obtained on February 28, 2022). Natixis announced on November 5, 2020, the launch of a transformation and operational efficiency program that will generate approximately€350 million in sustainable cost savings at the end of 2024 (approx. €270 million in associated exceptional costs over the period), including the transformation of the Corporate & Investment Banking equities division. To meet the challenges it faces, Natixis will also continue to develop its operatingmodel with a view to competitivenessby drawing on its solid and diversified expertise. This approach of anticipation, adaptation and development has led Natixis, since 2016, to organize its support functions around two areas of activity in Europe: Paris and Porto. In line with this organizational plan, a development project for the Porto center was presented to the social partners at the end of January 2021. Natixis’ separate financial statements are prepared and presented in accordance with Regulation No. 2014-07 (amended) of the Autorité des Normes Comptables (ANC – French Accounting Standards Authority) dated November 26, 2014 relating to the financial statements of companies in the banking sector and Regulation No. 2014-03 (amended) relating to the French General Accounting Plan (PCG – Plan comptable général). Financial statements for foreign subsidiaries, prepared in accordance with local rules, are restated in accordance with generally accepted accounting principles in France for the preparation of individual financial statements. The financial statements for the fiscal year are presented in identical format to those for the previous fiscal year. Generally accepted accounting principles have been applied in compliance with the principle of prudence based on the following principles: going concern; V consistency of accounting methods from year to year; V independence of fiscal years. V The French Accounting Standards Authority (ANC) has updated its RecommendationNo. 2013-02of November 7,2013 on the valuation and accounting rules for pension commitmentsand similar benefits. This update follows the adoption of the IFRS IC decision of April 20, 2021 relating to IAS 19 “Employee Benefits”, concerning Launch of a transformation and operational efficiency program 1.3 Note 2

This would consist of: continuing to develop the support functions already established in V Porto; positioning some of the other support functions in Porto. V This project also confirms Porto’s place as a center of excellence and expertise. The strategic review of the equity derivatives activity also confirmed its importance for Natixis and repositioned it on strategic clients while reducing the level of risk. To implement the various components of these projects under the best possible conditions, an internal and external resource mobility plan has been proposed within the areas concerned. This plan was opened on June 21, 2021 and is based on three key principles: support for external departure projects on a strictly voluntary basis. V In connection with this program, Natixis recorded a provision for restructuring which includes expenses directly related to the restructuring and essentially representing an estimate of social and support costs, for an initial amount of €16.5 million. At December 31, 2021, the amount of the provision was €14.8 million. priority given to internal mobility; V the absence of forced departures; V

Accounting principles and valuation methods

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defined benefit plans. This amendment introduces a choice of methods relating to the distribution of benefit entitlements for defined benefit plans with characteristics identical to those intended to be covered by the IFRS IC. This choice of method consists of recognizing the provision from: either the date on which the beneficiary was hired; or V the date from which each year of service counts towards the V vesting of benefit rights, i.e. the date before which the services rendered by the employee do not affect either the amount or the due date of the benefits. This approach was adopted by Natixis in the parent company financial statements. The amendment to RecommendationNo. 2013-02had no impact on Natixis’ individual financial statements. In addition, at December 31, 2021, Natixis changed the method used to recognize and present currency swaps: Before that date, the balance sheet valuation of the currency swaps in the forward leg was recognized separately for the interest rate component and the foreign exchange component. As of December 31, 2021, the two interest rate and foreign exchange components of the forward leg are now included in the valuation of derivatives. This change did not have a significant impact on the balance sheet and has no impact on the income statement.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021