NATIXIS // 2021 Universal Registration Document

CORPORATE GOVERNANCE Management and oversight of corporate governance

The Compensation Committee has been chaired by Nicolas de Tavernost since August 6, 2013. The number of independent directors on the Compensation Committee is not greater than half the total number of members, despite the recommendation of the Afep-Medef code. It has a balanced composition (50% independent, 50% non-independent)and is chaired by an independent director (see summary table on compliance with Afep-Medef code recommendations in section 2.1.3 of this chapter) . Furthermore, the opinions and proposals of the Compensation Committee are adopted if the majority of members present, including the Chairman, vote for them. B – Role and powers The role of Natixis’ Compensation Committee is to prepare the decisions that Natixis’ Board of Directors issues with regard to compensation, including that of Natixis employees who have a significant impact on the Company’s risk. The Compensation Committee’s powers and operating procedures are detailed in the Internal Rules, the latest version of which was approved on December 17, 2014 by the Board of Directors. The Compensation Committee is responsible for submitting proposals to Natixis’ Board of Directors concerning: the amount and terms of compensation paid to the Chairman of V the Board of Directorsof Natixis, includingbenefits in kind, pension plans and collective personal protection insurance, as well as the allocation of stock options or share purchases; the amount and terms of compensation paid to the CEO and, V where applicable, one or more Deputy CEOs, including benefits in kind, pension plans and collective personal protection insurance, as well as the allocation of stock options or share purchases; rules for allocating compensationto Natixis directors and the total V amount submitted to the shareholders at Natixis’ General Shareholders’ Meeting for a decision; the monitoring of the compensation of the Chief Risk Officer and V the Compliance Officer;

whether Natixis’ compensation policy complies with regulations, V including for the category of staff referred to in the French Ministerial Order of November 3, 2014, as well as for employees referred to in French Law No. 2013-672 on the Separation and Regulation of Banking Activities (“SRAB”) and Section 619 of the US Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Volcker Rule”), or regulated categories of staff within Asset Management (AIFMD) or Insurance activities (Solvency II); the annual review of Natixis’ compensation policy, specifically V those employee categories whose professional activities are likely to have a significant impact on the risk profile of Natixis or the Group. The CompensationCommitteemay have cause to review and issue an opinion on the insurance taken out by Natixis to cover its executive officers’ liability. The Compensation Committee reviews proposals related to the employee savings plan, including plans for a capital increase reserved for Natixis employees, and, where applicable, plans for a stock subscription or purchase, or for an allocation of bonus shares to be submitted to the Board of Directors or the General Shareholders’ Meeting for approval. Natixis’ CEO provides the Compensation Committee with any documents that may assist it in performingits duties and to ensure it is fully informed. It confers with Natixis’ Internal Control Departments or outside experts as appropriate. C – Work of the Compensation Committee in 2021 The CompensationCommitteemet six times in fiscal year 2021. The attendance rate was 95% for the year as a whole. Each director’s individual attendance rate at Compensation Committee Meetings is provided in section 2.1.4of this chapter (see directors’ individual fact sheets) . Within a reasonable amount of time before a CommitteeMeeting, a digital file containingthe items on the agenda is sent to each director via a secure digital platformfor reviewand analysis in preparationfor the meeting.

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In 2021, the Committee focused on the following areas:

Executive corporate officers

Review of the components of compensation for 2020 and 2021 for executive corporate officers and validation V of the compensation principles for the 2021 fiscal year Review of regulatory aspects V Review of the compensation policy for members of the Board of Directors V Review of the financial conditions for the end of duties of the outgoing Chief Executive Officer V Examination of the request for restitution of the severance payment paid to the outgoing Chief Executive Officer V Examination of the methods for determining the compensation for the end of duties of the Chief Executive Officer V for the future Review of the mechanisms for adapting the compensation policy as part of the simplified takeover bid V Deferred pay policy: definition of the performance conditions for regulated staff for 2021 V Review of Natixis’ compensation policy, including of the deferred income rules and conditions for paying variable V compensation as well as the amounts of variable compensation for each business line Review and monitoring of the achievement of performance conditions applicable to deferred variable compensation V Analysis of the compensation for the heads of control functions and regulated staff for fiscal year 2020 V Review of specific Risk and Compliance targets (2020 review & presentation of 2021 targets) V

Compensation policy and regulations

Analysis of compensation awarded to the 100 highest-paid employees V 2020 annual report on the compensation for regulated staff under CRD IV V Policy on gender equality in the workplace and presentation of the Equal Pay Indexes V Update on employee savings plans V

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021