NATIXIS_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF NATIXIS Natixis’ businesses

Natixis has become a major player on the PPP and privatization markets in Australia. For example, it financed several renewable energy projects, such as the Willogoleche wind farm in South Australia and the Daydream and Hayman solar farms in Queensland, as well as the construction of two data centers for Airtrunk. In Mozambique, Natixis is financing the construction of a liquefied natural gas production vessel. This €8 billion project is the year’s biggest infrastructure financing project globally. In the United States, it refinanced liquidity lines and acted as Issuing Bank for a portfolio of gas power plants in Georgia owned by the Carlyle Group and GE. The bank also reaffirmed its leading role on the global market for aircraft finance by arranging the acquisition of a Boeing 787 by Air France in the form of a JOLCO, a first for the airline for this type of aircraft, the financing of a fleet of 18 aircraft for aircraft leasing company Vermillion held by Asian conglomerates and assisting in a US dollar-denominated private placement for Goshawk Aviation. Natixis also signed a partnership agreement with the aircraft leasing company Minsheng Financial Leasing, a subsidiary of a Chinese bank seeking to expand its fleet and acquire financing and investment solutions. Energy and commodities finance In energy and commodities, Natixis provides global sector-specific coverage for all parties, as well as the arrangement, structuring and distribution of loans specific to these markets: pre-export financing, transactional facilities, borrowing base financing, reserve-based lending, etc. In 2017, Natixis pursued its initiatives to digitalize commodity trading by creating, in conjunction with IBM and Trafigura, the first blockchain for oil and gas trading. In a sector environment that remains challenging due predominantly low commodity prices, Natixis consolidated its energy and commodities franchise in a highly selective way by supporting its longstanding clients with their financing needs and demonstrated strong resilience. For example, Natixis assisted Trafigura in an innovative bespoke securitization program, backed by oil and gas inventories, coordinated a $1.7 billion pre-export finance deal for the Russian aluminum producer UC Rusal, renewed a $1.4 billion RCF in favor of the energy trader Gunvor, and financed the Ghana Cocoa Board’s cocoa campaign amounting to $1.3 billion. In the Americas, it contributed to the financing of The Washington Companies’ acquisition of Dominion Diamond, Canada’s No. 1 diamond producer and No. 3 worldwide, and the acquisition of ThyssenKrupp’s Brazilian operations by the Latin American steel group Ternium. Real estate finance Natixis is a leader on the real estate finance market in Europe and the United States and boasts a comprehensive financing offering, including arrangement of corporate and structured financing across all asset classes, securitization (US), German mortgage covered bonds (Natixis Pfandbriefbank AG), etc. Natixis was ranked No. 1 bookrunner in real estate syndicated financing in EMEA in 2017 (source: Dealogic, at June 30, 2017) , reflecting the vitality of its business and its positioning as a major arranger in the sector. 2017 saw the completion of a

number of landmark transactions in France (acquisition finance of €900 million for the Cœur Défense office tower, co-underwriting of the €350 million refinancing of Hyatt hotels, setting up a €1.8 billion syndicated corporate loan for the property company Carmila) in Germany (€157 million in financing for the acquisition of the Eschborn Plaza office complex in Frankfurt, €165 million in financing for the acquisition of office buildings in Düsseldorf), in Italy (€100 million in financing for the development of 148,000 m ² of warehouse space fully leased to Amazon, €185 million in financing for the acquisition of office properties in Milan, Rome and Bari) and in Spain (co-underwriting of the Colonial corporate loan (€350 million) and co-underwriting in a €582 million corporate loan on behalf of Realia Patrimonio). Natixis Pfandbriefbank AG continued its development in 2017 and, in particular, issued €250 million in additional “Pfandbrief” bonds, bringing total issuance since the institution was established to €1.3 billion. In the United States, Natixis issued the first ever “green” CMBS. The $72 million securitization is backed by the 85 Broad Street building in New York and refinances part of a first mortgage of $358.6 million. Activity was extremely buoyant across the United States and in all asset types, with high-profile transactions including the financing of the acquisition ($232 million) of the Crossroads III offices in Sunnyvale (California) by Tristar Capital, the refinancing ($270 million) of JW Marriott Chicago, $125 million in financing for the construction of a residential, office and retail complex at One Light Street in Baltimore, and the financing of the acquisition ($240 million) of a complex in Santa Clara (Silicon Valley) by a Hollywood producer and an investment fund. Global Transaction Banking 1.5.2.3 The Global Transaction Banking (GTB) teams sell Natixis’ corporate clients solutions for monitoring, optimizing and enhancing their cash flow and for financing and securing their international trade transactions. They support them over the long-term, at every step of their projects, helping them select and implement the solutions adapted to their needs, in France and across the platforms in Asia-Pacific (Singapore, Shanghai, Hong Kong, Beijing), the Americas (Mexico, New York, São Paulo) and the EMEA region (Madrid, Dubai, Moscow, Milan). Trade Finance: Natixis contributes to the international a development of its clients by offering solutions to finance and secure their import and export operations (out of Dubai, Hong Kong, Moscow, New York, Paris, São Paulo, Shanghai and Singapore), together with a set of integrated RMB (renminbi) services. It has strong banking risk coverage capabilities and offers a full range of market guarantees. It also offers supply chain finance solutions to clients who wish to optimize their cash flow and offer financing to their suppliers. Natixis received the “Quality Leader” award for 2017 in the Large Corporate Trade Finance category for France (source: Greenwich Associate) . Liquidity Management: Natixis offers corporate clients a a multi-bank, paperless centralized account statement service as well as automated multi-bank cash solutions.

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Natixis Registration Document 2017