NATIXIS_REGISTRATION_DOCUMENT_2017

3 RISKS AND CAPITAL ADEQUACY Capital management and capital adequacy

The changein prudentialcapitalunder Basel 3/CRRover the period is shownbelow:

CHANGES IN PRUDENTIAL CAPITAL AFTER APPLYING PHASE-IN ARRANGEMENTS R

Fiscal Year 2017

(in millions of euros)

Common Equity Tier 1 (CET1) Amount at start of period

12,474

New instruments issued (including issue premiums)

0 0

Instruments redeemed

Retained earnings from previous periods

(380) 1,669

Net income/(loss) for the period

Gross dividend proposed

(1,160)

Dividend payout in new shares

0

Changes in other comprehensive income Translation adjustments

(667)

Available-for-sale assets Cash flow hedging reserve

8

108

Others

(145)

Others

4 0

Minority interests

Filters and deductions not subject to the phase-in arrangements Goodwill and intangible assets

(176)

Own credit risk

258

Other comprehensive income CFH Prudent valuation adjustment

(108)

(5)

Other

(22)

Other, including prudential adjustments and phase-in arrangements Deferred tax assets that rely on future earnings (excluding temporary differences)

325

Deductions in respect of breaches of capital thresholds

66

Others

(25)

Impact of phase-in arrangements o/w impact of changes in phase-in rate

(251) (104) (147)

o/w impact of change in basis subject to phase-in arrangements

Amount of Common Equity Tier 1 (CET1) at end of period

11,975

Additional Tier 1 (AT1) capital Amount at start of period New eligible instruments issued Redemptions during the period

1,770

833

(364)

Other, including prudential adjustments and phase-in arrangements

57

o/w impact of changes in phase-in rate o/w other impact of changes in basis

(98) 155

Amount of Additional Tier 1 (AT1) capital at end of period

2,297

Tier 1 capital

14,271

Tier 2 capital Amount at start of period

2,555

New eligible instruments issued Redemptions during the period

0 0

Other, including prudential adjustments and phase-in arrangements

(286)

o/w impact of changes in phase-in rate o/w other impact of changes in basis Amount of Tier 2 capital at end of period

104

(390) 2,269

TOTAL PRUDENTIAL CAPITAL

16,540

124

Natixis Registration Document 2017