NATIXIS_SHARHOLDERS_MEETING_2018

2020 MAIN FINANCIAL TARGETS

› Corporate & Investment Banking : we want to become the reference bank in 4 key sectors where Natixis has more than 20 years of recognised experience (energy and natural resources, aviation, infrastructure and real estate & hospitality), deepen customer relations and become a reference player in the green market. This will be done by pursuing the development of a multi-boutique model for mergers & acquisitions activities, the development of high value added and innovative Solutions activities, the strengthening of the O2D model as well as international development, notably in the United States and Asia- Pacific. › Insurance : Natixis must consolidate its position as a leading insurer in France. Natixis Assurances has strong growthpotential across theentireLifeandNon-lifeoffering linked to the development of savings and the distribution capacity of the Groupe BPCE networks, for which Natixis Assurances is now the sole platform. This potential will be exploited thanks to the sharing of expertise and knowledge between the various Natixis businesses and Groupe BPCE, and thanks to the digitisation of customer paths and processes.

› Specialised Financial Services: our ambitions are to be- come a pure player in the payments segment in Europe, to accelerate digital transformation in all other SFS bu- sinesses (e.g. robotisation and rationalisation of opera- tional processes) and to accelerate the generation of sy- nergies with the Groupe BPCE networks. Of course, we will develop with strict control of our risks and balance sheet through increased flexibility and disci- plined capital management. Each of our businesses will create value for our customers and shareholders and we will maintain an ambitious dividend policy with enhanced solvency. Our ambitions will be driven by the intensification of com- mercial relations with the BPCE Group’s networks, invest- ment in digital and innovation as well as various transver- sal levers such as brand, talent and ESR (Environmental & Social Responsibility).

STRATEGY

OURMAIN 2018-2020 FINANCIAL TARGETS

RoTE 13 %

~5 %

- 14,5 %

Net revenues growth per year

Capital available for distribution: € 3 bn - € 4 bn

Operating Expenses < 3% growth per year

Minimumannual payout: 60 %

11 %

CET1 ratio:

19

NATIXIS 2018 MEETING NOTICE