NATIXIS // 2021 Universal Registration Document

2 CORPORATE GOVERNANCE

Compensation policy for corporate officers

Non-executive corporate officers 2.3.2

The members of the Board of Directors of Natixis receivecompensation subject to the terms and conditions set out below. The overall annual budget for compensation to be allocated to members of the Board of Directors is €650,000 Combined General Shareholders’ Meeting of May 19, 2015) . On the basis of fifteen directorships and one non-votingmember, the compensationof the members of the Board of Directors complies with the following rules: (see the 36th resolutionof the

Compensation

Fixed portion (prorated to the term of office)

Variable portion

Governing body Board of Directors Chairman

N/A

N/A

Member

€8,000

€2,000/meeting (capped at seven meetings)

Audit Committee Chairman

€17,000 €3,000

€2,000/meeting (capped at six meetings) €1,000/meeting (capped at six meetings)

Member

Risk Committee (including the US Risk Committee) Chairman

€17,000 €3,000

€2,000/meeting (capped at ten meetings) €1,000/meeting (capped at ten meetings)

Member

Appointments Committee Chairman

€15,000 €2,000

€2,000/meeting (capped at three meetings) €1,000/meeting (capped at three meetings)

Member

Compensation Committee Chairman

€15,000 €2,000

€2,000/meeting (capped at four meetings) €1,000/meeting (capped at four meetings)

Member

ESR Committee Chairman

€12,000 €2,000

€2,000/meeting (capped at two meetings ) €1,000/meeting (capped at two meetings)

Member

Strategic Committee Chairman

N/A N/A

€12,000/meeting (capped at one meeting) €2,000/meeting (capped at one meeting)

Member

Given the waiver by the Chairman of the Board of Directors of any compensation due in respect of his office as a director, it is specified, as necessary, that this policy does not apply to the Chairman of the Board of Directors. The methods for distributing the fixed and variable compensationof directors were approved by the Board of Directors for the fiscal year 2022, it being noted that these may be adapted by the Board of Directors in the event of a change in the compositionof the Board of Directors or a change to take account of an increase in workload or responsibilities. It is specified that the duration of the terms of office of the members of the Board of Directors is detailed in the summary table of the compositionof the Board of Directors. Furthermore, the appointment and revocation conditions of the Board of Directors’ members are referred to in Article L.225-18 of the French Commercial Code. Any Boardmember can also resign his or her positionwithout providinga reason. In the event of director’s vacancy by death or resignation, the Board of Directors can, between two General Shareholders’ Meetings, make temporary appointments. Appointments made by the Board of Directors are subject to ratification to the next General Shareholders’ Meeting. And finally, no director is bound by an employment contract and/or a services agreement with the Company.

Board members receive a fixed portion of €8,000 per year for participating in Board Meetings as well as a variable portion of €2,000 per meeting, attributable according to their attendance, with the number of meetings paid over a full year being capped at seven; as a result, the maximum amount paid for meetings of the Board of Directors may not exceed €22,000 for any directorship. This amount will be divided between incoming and outgoing Directors in the event of a change in the compositionof the Board of Directors during a given fiscal year. In addition, compensation is earned for participation in the Board’s various Special Committees, if applicable, as presented in the table above. As an example, a director who is also a member (not a Chairman or Chairwoman) of all the Committeeswould receive €57,000 over a full year for 100% attendance of all the meetings of the Board of Directors and of the Committees. The compensation paid to Committee Chairs is greater than that paid to members, given the workload and responsibilities involved. Moreover, in accordance with the rules applicable within Groupe BPCE, the portion of directors’ compensationgoing to BPCE directors is granted and paid directly to BPCE and not to the directors.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021