NATIXIS // 2021 Universal Registration Document

2 CORPORATE GOVERNANCE

Compensation policy for corporate officers

For fiscal year 2021, the criteria for determining the annuavlariable compensation set by the Board of Directors were as follows:

Rules for determining variable compensation for 2021

Range from 0% to 156.75% of the target, i.e. a maximum of 156.75% of the fixed compensation Quantitative criteria BPCE’s financial performance* 25% 12.5% net income (Group share) V 8.3% cost/income ratio V 4.2% GNP V Quantitative criteria Natixis’ financial performance* 45% 11.25% GNP V 11.25% net income (Group share) V 11.25% cost/income ratio V 11.25% ROTE V Strategic criteria 30%

10% finalizing and launching of the new Strategic Plan and Transformation V projects progress 10% oversight in terms of control and risks V 5% accentuate the positioning of Natixis as a player with an impact on ESR V and energy transition issues in the various business lines 5% promote and encourage employee engagement V

*

Underlying data.

The Board of Directors assessed the level of performanceof Nicolas Namias with regard to the criteria defined for 2021 and, after obtaining the opinion of the Compensation Committee, decided to allocate to Nicolas Namias: for the BPCE quantitative criteria: 150.00% of the annual bonus V target; under Natixis quantitative criteria: 177.13% of the annual bonus V target; for strategic criteria: 120.00% of the annual bonus target. V With regard to the strategic criteria, the Board took into account in particular the numerous achievements of 2021, such as the 2024 guidelines and the quantified ambitions defined with all the business lines and support functions and the associated communication actions as well as significant advances on the simplification and development project in coordination with BPCE. The Board also noted the strong positioningof Natixis' business lines on ESR and environmental transition issues: for example, in Corporate & Investment Banking, the development via the Green & Sustainable Hub of innovative solutions and instruments for clients and significant operations in renewables and the energy transition, and in the Asset Management business lines, 34% of outstandings classified as sustainable and responsible at the end of September 2021. The sum of the criteria represented a gross amount of €1,838,520. The Board of Directors has decided to award to Nicolas Namias, in respect of 2021, an annual variable compensation of €1,733,333 gross in accordance with the CRD rules (capping of variable compensation at 200% of fixed compensation), i.e. 144.4% of the target variable compensation. A portion of the annual variable compensationwill be paid in 2022, i.e. €693,333, the other portion will be deferred over five years (from 2023 to 2027) and fully indexed to the change in Groupe BPCE’s net income Group share, i.e. €1,040,000. This deferred amount will be paid in five annual installments, subject to the presence condition and the fulfillment of performance conditions.

Breakdown of annual variable compensation for the 2021 fiscal year by vesting date

Nicolas Namias, Chief Executive Officer

98 538 € in 2021

€ 208,000 in 2027

€ 208,000 in 2026

€ 693,333 in 2022

€ 208,000 in 2025

€ 208,000 in 2024

€ 208,000 in 2023

60% of the annual variable compensation of Nicolas Namias for fiscal year 2021 is deferred to 2023, 2024, 2025, 2026 and 2027, and will be indexed in its entirety.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021