NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

DECEMBER 31, 2016 R

Reversal (utilized provisions)

Reversal (surplus provisions)

Translation adjustments

Changes in scope

Notes 01.01.2016 Increase

Other 12.31.2016

(in millions of euros)

Counterparty risks

751

30

(36)

(27)

22

2

741

Financing and guarantee commitments

54

4

(1)

(7)

1

1

51

Legal disputes  (a) Other provisions Impairment risks

680

20

(30)

(15)

21

676

17 67 53

6 5 2 0 3

(4)

(6) (8) (6) (0) (1)

0 0 0

1

14 55 41

(10)

(0)

Long-term investments Real estate developments

(8)

0

0

Other provisions

14

(2)

(0)

14

Employee benefit obligations Operational risks  (b) (c)

11

568 281

99

(69) (32)

(31) (10)

3 1

2 0

220 (19)

793 405

185

TOTAL

1,668

318

(146)

(76)

26

3

202

1,994

5

of which €479.9 million in provisions at December 31, 2016 in respect of outstanding Madoff assets, net of insurance. (a) of which €5.5 million at December 31, 2016 in respect of the workforce adjustment plan completed in 2015. (b) of which €42 million of provisions for restructuring costs at December 31, 2016 in respect of the Coface plan (see Note 5.14). (c) Subordinated debt 6.17 Subordinateddebt differs from advances and bonds issued in that it is repaid after all senior and unsecuredcreditors, but before the repaymentof participatingloans and securitiesand deeplysubordinatednotes.Subordinateddebt is valuedat amortizedcost.

12.31.2017

12.31.2016

(in millions of euros)

Dated subordinated debt (a) Undated subordinated debt

3,393

3,907

261

261

Accrued interest

20

40

TOTAL

3,674

4,208

The main features of subordinated notes issues are outlined in the Chapter [14] of the Pillar III report. Subordinated debt issue agreements do not incorporate a clause providing for early redemption in the event that the covenants are not observed. (a)

Changes in subordinated debt over the 2017 fiscal year

Translation adjustments

Changes in scope

12.31.2016

Issues Redemptions (a)

Other (b)

12.31.2017

(in millions of euros)

Other dated subordinated debt

3,907 1,157 2,750

0 0

(540) (500)

(0) (0)

25 25

3,393

Subordinated notes Subordinated loans

683

(40)

2,710

Other undated subordinated debt Deeply subordinated notes Subordinated notes

261

261

10

10

Subordinated loans

251

251

TOTAL

4,168

0

(540)

(0)

25

3,654

This table does not include accrued interest. Loan repayments and securities redemptions comprised: (a) the expiry of an EMTN issued in 2006 on January 20, 2017, for -€500 million; - the repayment of a loan from BPCE on December 7, 2017 for €40 million. - Other changes mainly pertained to the revaluation of debts subject to hedging and variations in intra-group securities held by Natixis Funding for (b) the purposes of market making with respect to Natixis’ debt on the secondary market.

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Natixis Registration Document 2017