NATIXIS // 2021 Universal Registration Document

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

Gains or losses on fixed assets Note 32

(in millions of euros)

2020

2021

Long-term investments Investments and other long-term securities held

(114)

(110)

Gains

13

11

Losses

(10)

(19)

Impairment charges

(213)

(138)

Reversals of impairment charges Provisions for risks and other expenses

92 (1)

36 (2)

Reversals of provisions for risks and other expenses

5 0 0 0

1 0 0 0

Securities held for investment

Gains

Property, plant and equipment and intangible assets

TOTAL

(114)

(110)

Income tax Note 33

(in millions of euros)

2020

2021

Tax at standard rate Tax at reduced rate Tax credits

(60)

(11)

5

14

Impact of tax consolidation

146

217

Other items Carry Back TOTAL

(175)

(9)

(84)

211

Tax calculation The tax consolidation agreement in force at Natixis up to December 31,2021 was based on the principle of neutrality, whereby each subsidiary determines its tax and contributes to the Group tax as if it were not consolidated. Any tax savings or expense generatedby consolidationis recognized by Natixis as the parent company.

Any losses transferredto the parent company give rise to a provision for restitutionof corporate tax, deemed to offset the additional group tax incurred if subsidiaries return to profit, and their tax contribution is decreased by the amount of prior year losses. As a result of the repurchase of Natixis shares from minority shareholders, carried out by BPCE in 2021, the Natixis tax consolidation group ended on December 31, 2021. The consequences of the end of the tax consolidation group were recognized at December 31, 2021.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021