NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Statutory Auditors’ report on the consolidated financial statements

Statutory Auditors’ report on 5.2 the consolidated financial statements

Fiscal year endedDecember31, 2017

To the NatixisGeneralShareholders'Meeting,

OPINION

Furthermore, the non-audit services that we provided to your Company and its controlled undertakings during the fiscal year that are not disclosed in the managementreport or the notes to the consolidatedfinancialstatementsare as follows: PricewaterhouseCoopers Audit: the main engagements a conducted in fiscal year 2017 related to the issuance of comfortlettersand reviewsof complianceprocedures. Deloitte & Associés: the main engagements conducted in a fiscal year 2017 concerned reviews of reporting compliance, either as required by regulations or requested by the regulators, the independent third-party body engagement on the CSR informationin the managementreport, comfortletters in connectionwith issuanceprogramsand certification. Mazars:in additionto the FRTB projectreferredto in Note 15.4 a to the consolidated financial statements, the main engagements carried out in fiscal year 2017 related to the issuance of certificates and comfort letters, and reviews of complianceprocedures.

In compliance with the assignment entrusted to us by your General Shareholders’Meeting, we carried out the audit of the Natixis group’s consolidated financial statements for the year endedDecember31, 2017, as appendedto this report. In our opinion, the consolidatedfinancial statementsgive a true and fair view of the assets and liabilities and of the financial positionof the Group as at December31, 2017 and of the results of its operations for the year then ended, in accordance with International Financial Reporting Standards as adopted by the EuropeanUnion. The opinion expressed above is consistent with the content of our report to the Audit Committee. We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit opinion. Our responsibilitiesunder these standards are further described in the “Statutory Auditors' responsibilities for the audit of the consolidatedfinancialstatements”sectionof our report. Independence We conducted our audit engagement in compliance with the independencerules applicableto us, for the period from January 1, 2017 to the date of our report and in particular we did not provide any services that are prohibited under Article 5(1) of Regulation(EU) No 537/2014or under the FrenchCode of Ethics ( code de déontologie ) for statutoryauditors. Basis for opinion Audit framework

JUSTIFICATION OF OUR ASSESSMENTS - KEY AUDIT MATTERS

Pursuant to the provisions of Articles L. 823-9 and R. 823-7 of the FrenchCommercialCode ( code de commerce ) relatingto the justificationof our assessments, we draw to your attention the key audit matters relating to risks of material misstatementthat, in our professionaljudgement,were of most significance in our audit of the consolidated financial statements of the current period,as well as howwe addressedthose risks. Thesematterswere addressedin the context of our audit of the consolidatedfinancial statementsas a whole, and in forming our opinion expressed above, and we do not provide a separate opinion on specific items of the consolidated financial statements.

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Natixis Registration Document 2017