NATIXIS // 2021 Universal Registration Document

8 LEGAL AND GENERAL INFORMATION

Distribution and change in share capital and voting rights

Dividend distribution policy 8.3.10

In 2021 the European Central Bank lifted the restrictions it had placed on the distribution of dividends. With the exception of fiscal years 2019 and 2020, the Company has, in recent years, distributeda dividend representingmore than 50% of net income Group share.

For fiscal year 2020, given the limitations imposed by the supervisor, in this case compliancewith the limit of 20 basis points of the CET 1 ratio as at December 31, 2020, the Board of Directors proposes to the General Shareholders’ Meeting of May 28, 2021 the distribution of a dividend of six cents per share, representing the amount of €189,329,805 for fiscal year 2020.

The Board of Directors proposes to the General Shareholders' Meeting of May 24, 2022 the distribution of a dividend of 25 cents per share, representing an amount of €789,489,582.75 for fiscal year 2021.

In respectof previous years (2016 to 2020), Natixis has distributed thfeollowing dividends:

For the 2020 fiscal year

For the 2019 fiscal year*

For the 2018 fiscal year

For the 2017 fiscal year

For the 2016 fiscal year

(in euros)

0.06 N/A

N/A N/A

0.78 64%

0.37 74%

0.35 85%

Net dividend per share

Pay-out ratio

Given the COVID-19 pandemic, and in line with the ECB recommendations of March 27, 2020, the Company did not distribute dividends in 2019. *

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021