NATIXIS_REGISTRATION_DOCUMENT_2017

6 ENVIRONMENTAL AND SOCIAL RESPONSIBILITY Business line contributions to green and sustainable growth

2017 Key Even ts Flagship projects funded in the United Arab Emirates Natixis played a key role in financing the two largest solar PV projects in the world, totaling $1.3 billion: the Mohammed bin Rashid Al Maktoum solar park in Dubai (800 MW) and the Sweihan solar plant in Abu Dhabi (1,177 MW p ). Both strategic projects for the two Emirates will play a critical role in supplying clean energy at an extremely competitive cost (less than $30 per MWh). The Mohammed bin Rashid Al Maktoum solar park will be fully operational in 2020, and the Emirate plans to increase its total capacity to 5,000 MW by 2030. The park spans 16 km 2 and will generate 2.5 million MWh per year. It uses an innovative technology that moves the solar panels to face the sun and will ultimately lead to savings of 6.5 million metric tons of CO 2 per year.

Natixis Lease subsidiaryNatixis Energeco is an active supporter of renewable energies in mainland France and overseas territories. In 2017, Natixis Energeco financed 35 new deals for a total arrangedamountof €429 million.

These transactionsare located in France and will add 373.5 MW to the followingsectors: wind power:107 MW; a solar power:266.5 MW. a

2017 Key Even ts Partnership with Akuo Energy and the EIB

On Climate Finance Day in December 2017, Natixis Energeco announced the renewal of its partnership with Akuo Energy and the European Investment Bank (EIB), and also signed a tripartite agreement to roll out a new investment program of €330 million in renewable energy assets owned by Akuo Energy. The program is set to finance around 40 assets, with total installed capacity of nearly 400 MW.

SECTORAL BREAKDOWN OF THE RENEWABLE ENERGY ■ PORTFOLIO AT 12.31.2017

The high numberof solar PV calls for tender in 2017 significantly increased the volume of projects and triggered a constant declinein purchaseprices. To satisfy our customers’growingneeds for cost management, Natixis Energeco amended its credit application processes, offsettinga 70%rise in the numberof deals carriedout. The “Sofergie”portfolioof project finance and leasing activities arrangedby Natixis representedmore than 26 GWat end-2017, whichcan be brokendown as follows:

1% Hydraulic

3% Biomass

24% Solar PV and thermal

55% Onshore wind

17% Offshore wind

GEOGRAPHIC BREAKDOWN OF THE RENEWABLE ■ ENERGY PORTFOLIO AT 12.31.2017

10% Asia/ Middle East

16% France and French overseas territories

In addition to these financing activities, Natixis’ responsible investment subsidiary Mirova invests in energy transition projectsvia the Mirova-Eurofideme 3 fundmanagedby Mirova's RenewableEnergyInfrastructureteam. Mirova-Eurofideme3 completed three new innovative deals in Francethis year: it helped Corsica'sNo. 1 renewableenergy producer,Corsica a Sole, finance the constructionof six solar PV plants in Corsica (37 MWc), some of which will be combined with storage capacities to extend their electricity production time and provide the stability required by the manager of the island network;

22% Americas

52% Rest of Europ

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Natixis Registration Document 2017