NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Parent company financial statements and notes

2016 The European Court of Justice has ruled the application of a a share of costs and expenses,fixed at 5%of dividendsreceived from subsidiaries based in another European Union Member State which, if they had been residents of France, could have belongedto a tax consolidationgroup, contrary to the freedom of establishment principle (EJC 2-9-2015, Case C-386/14, Groupe Steria SCA). Natixis, as the head of the tax consolidationgroup in France, thus received a reimbursement of the tax unduly paid on the 5% share of costs and expenses for a total of €6 million. The Taxation of Dividends and CCI redemptionproceeds from a previous fiscal years: until 2013, Natixis held a 20% stake in the Banque Populaire and the Caisse d’Epargne banks, in the form of cooperative investment certificates (CCIs). This entire

stake was bought back in August 2013.All dividends paid on the CCIs and all net proceeds from the 2013 buyback were subject to corporatetax in applicationof Article 145,6 b ter of the French General Tax Code, which limits the application of the investmentincome exemptionscheme to equity securities carryingvoting rights. This conditionwas ruled unconstitutional by the ruling of July 8, 2016 of the French ConstitutionalCourt (Natixis Ruling n° 2016-553QPC). The French Council of State then canceled the doctrine of administrative law (CE Natixis No. 397316 dated October 5, 2016) and the Finance Minister amended it in the October 5 Official Bulletin. On this basis, whichmakes a tax gain almost certain, the latter was recorded in the financial statementsat December 31,2016 for previous fiscal years in the amount of €326.0 million plus interest on

arrears.

GEOGRAPHIC INFORMATION

NOTE 33

5

2017

2016

Other Europe Americas Asia Other Total

Other Europe Americas Asia Other Total

France

France

Interest and similar income and expenses Income from variable-income securities

400

216

118 167

1 902

216

233

300 146

895

744

1

745 1,016

13

24

1,053

Fee and commission income and expenses

239

64

175 51

529

229

36

191 46

502

Net income from investment and trading portfolio transactions Other banking operating expenses

1,422

190

3 (20)

1 1,596 1,602

43

(1)

1,644

226

1

(1)

(4)

222

47

3

2 (5)

47

TOTAL NET REVENUES

3,031

471

296 194

2 3,994 3,110

328

517 186

- 4,141

377

Natixis Registration Document 2017