NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

12.31.2017

12.31.2016

12.31.2017

12.31.2016

Consolidation

Consolidation

%

%

%

%

Business lines Consolidated subsidiaries COFACE ROMANIA INSURANCE

method at

Business lines Consolidated subsidiaries

methodat

December 31,

December 31,

Activity

2016

Control

Ownership

Control

Ownership

Country

Activity

2016

Control

Ownership

Control

Ownership

Country

COFACE ASSICURAZIONI  SPA

Credit insurance and related services

FC

41 41

41 41

Italy

-BRANCH (COFACE AUSTRIA)

COFACE AUSTRIA

Holding company

FC

41 41

41 41

Austria

Insurance

FC

41 41

41 41 Romania

Credit insurance and related services

COFACE CZECH INSURANCE -

COFACE DEUTSCHLAND

FC

41 41

41 41 Germany

BRANCH (COFACE AUSTRIA)

Czech Republic

CORPORATE CENTER Financial investments NATIXIS INVESTMENT CORP.

Insurance

FC

41 41

41 41

COFACE SLOVAKIA INSURANCE -

Portfolio management

United States

BRANCH (COFACE AUSTRIA)

FC 100 100

100 100

Insurance

FC

41 41

41 41 Slovakia

NATIXIS PRIVATE EQUITY INTERNATIONAL LUXEMBOURG

Holding company Financial investments

COFACE LATVIA INSURANCE

-BRANCH (COFACE AUSTRIA)

FC 100 100

100 100 Luxembourg

Insurance

FC

41 41

41 41

Latvia

NATIXIS PRIVATE EQUITY

Financial investments

COFACE JAPAN - BRANCH (COFACE Europe) COFACE SINGAPORE -

FC 100 100

100 100

France

Credit insurance and related services

Corporate Data Solutions

FC

41 41

41 41

Japan

Holding company

NATIXIS HCP (g)

100 100

France

ELLISPHERE (i)

Information

100 100

France

BRANCH (COFACE Europe)

Credit insurance and related services

IJCOF Corporate (i)

Receivables management

FC

41 41

41 41 Singapore

42 42

France

COFACE HONG KONG -BRANCH (COFACE Europe) COFACE ECUADOR (BRANCH-COFACE Europe) COFACE AUSTRALIA (BRANCH-COFACE Europe) COFACE TAIWAN (BRANCH - COFACE Europe)

Other NATIXIS ALGERIE

Credit insurance and related services

Hong Kong

FC

41 41

41 41

Bank

FC 100 100

100 100

Algeria

NATIXIS ALTAIR IT SHARED SERVICES

Credit insurance and related services

Data services

FC 100 100

100 100

France

FC

41 41

41 41 Ecuador

Real estate operations Real estate operations Real estate operations Real estate operations

S.C.I. ALTAIR 1 (a)

FC 100 100

100 100

France

Credit insurance and related services

FC

41 41

41 41 Australia

S.C.I. ALTAIR 2 (a)

FC 100 100

100 100

France

NATIXIS IMMO EXPLOITATION (a)

Credit insurance and related services

FC 100 100

100 100

France

FONCIERE KUPKA (a)

FC

41 41

41 41

Taiwan

FC 100 100

100 100

France

COFACE BULGARIA (Branch)

NATIXIS FONCIERE S.A. (formerly SPAFICA) (a)

Insurance

FC

41 41

41 41 Bulgaria

Real estate investments

FC 100 100

100 100

France

Change in registered company name in 20 * French subsidiaries whose individual prudential oversight is performed based on Group consolidated ratios in accordance with the provisions of ** Regulation (EU) No. 575/2013 of the European Parliament and of the Council of June 26, 2013 relative to regulatory requirements applicable to credit institutions and investment firms. Structured entity. (a) Deconsolidated in the first quarter of 2017 as the percentage interest fell below eligible levels. (b) Entity disposed in the first quarter of 2017. (c) Structure closed on March 27, 2017. (d) Consolidation and 51%-acquisition of the entity on February 9, 2017. The remaining 49% of the S-Money entity was acquired on October 30, (e) 2017, taking the ownership interest to 100%. The 15% minority interest in Lakooz were bought in the fourth quarter of 2017. Drop in percentage interest on January 1, 2017 following the increase in Société de Cadres’ holding in DNCA Finance from 3% to 6%. (f) Business activities of the entity taken over by Natixis S.A. in the second quarter of 2017. (g) Business activities of the entity taken over by Natixis Financement in the second quarter of 2017. (h) Entity disposed in the second quarter of 2017. (i) Change in ownership interest following the buyout of an additional 14% minority interest (10% in the second quarter and 4% in the fourth (j) quarter) in accordance with the Euro Private Equity acquisition protocol. Early liquidation of the securitization vehicle on June 19, 2017. (k) Entity acquired on April 3, 2017. (l) Increase in ownership interest following the buyout of shares from managers who left the structure in the second and third quarter of 2017. (m) Entity consolidated in the third quarter of 2017 after the percentage interest rose above eligible levels. (n) Entity consolidated in the third quarter of 2017. (o) Entity consolidated in the third quarter of 2017 as part of implementing Group AEW Europe’s seed money financing mechanism.(q) Entity (p) liquidated in the third quarter of 2017. Entity liquidated in the third quarter of 2017. (q) Following the restructuring of AEW Europe’s businesses in France in the third quarter of2017, CILOGER was renamed AEW CILOGER and AEW (r) Europe was renamed AEW SA. In addition, NAMI AEW Europe and AEW Europe SGP were absorbed by AEW CILOGER. Entity acquired by Natixis Belgique Investissements on October 31, 2017. (s) Acquisition of these two entities, formerly held by Crédit-Coopératif, on October 2, 2017. (t) Entity acquired on October 4, 2017. (u)

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Natixis Registration Document 2017