NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Statutory Auditors’ report on the parent company financial statements

Statutory Auditors’ report on the 5.4 parent company financial statements

Fiscal year endedDecember31, 2017

To the GeneralShareholders'Meetingof NatixisS.A.,

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 parentcompanyfinancialstatementsare 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: the main engagementsconducted in fiscal year 2017 a related to the issuance of certificatesand comfort letters, and reviews of internal control systems for regulatory projects or regulatedprocesses.

In compliance with the assignment entrusted to us by your General Shareholders’Meeting, we carried out the audit of the parent company financial statementsof Natixis S.A. for the year endedDecember31, 2017, as appendedto this report. In our opinion, the parent company financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as at December 31, 2017 and of the results of its operations for the year then ended in accordance with Frenchaccountingprinciples. The opinion expressed above is consistent with the content of our report to the Audit Committee. Audit framework 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 parentcompanyfinancialstatements”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

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 justification of 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 parent company financial statementsof the current period,as well as howwe addressedthose risks. Thesematterswere addressedin the context of our audit of the parent company financial statementsas a whole, and in forming our opinion expressedabove, and we do not provide a separate opinion on specific items of the parent company financial statements.

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Natixis Registration Document 2017