NATIXIS - Universal registration document and financial report 2019

FINANCIAL DATA Consolidated financial statements and notes

Changes in percentage of ownership In the second quarter of 2019, the interest in Natixis Coficiné V increased from 91% to 100% following a buyback of executive officers' shares and the application of IFRS 2 subsequent to the implementation of a bonus share allocation plan. In the second quarter of 2019, the interest in Natixis Partners V increased from 87% to 100% following a buyback of executive officers’ shares and the application of IFRS 2 subsequent to the implementation of a bonus share allocation plan. In the third quarter of 2019, the interest in Natixis Partners Spain V increased from 75% to 80% following a buyback of executive officers' shares. Acquisition of asset manager and investment advisory firm V Massena Partners in the second quarter of 2019. The following entities were added to the scope of consolidation: Massena Partners S.A., Massena Wealth Management SARL and the French branch Massena Partners. Natixis exercises control over these entities in accordance with IFRS 10, and fully consolidates them. This transaction generated goodwill of €42.1 million at December 31, 2019, as determined using the partial goodwill method. Natixis also holds put options on minority interests in the amount of €1 million. Consolidation of securitization vehicle Purple Finance CLO 2 in the V second of quarter 2019, after the percentage interest rose above regulatory thresholds. Consolidation of H2O AM France, H2O AM Monaco, H2O Asia, V Prometheus Wealth Management, Arctic Blue Capital Management Ltd, Arctic Blue Capital Ltd, Poincaré Holding Ltd and Poincaré Capital Management Ltd, asset managers created or acquired by H2O. In May 2019, Natixis Investment Managers bought an 11% stake in V Fiera, the leading publicly traded independent distribution platform in Canada. This investment is carried by a holding company, Natixis IM Canada Holdings Ltd, wholly-owned by Natixis IM and now consolidated. Consolidation of Mirova US LLC in the second quarter of 2019 for V the purpose of restructuring the US operations of Seeyond and Mirova. Seeyond’s US operations were consolidated by Natixis Advisors LP, while Mirova’s were transferred to a new company, Mirova US, wholly-owned by Mirova. AEW Capital Management LP established a new company in V Japan, AEW Japan Corporation, with the aim of developing its activities in Asia. This wholly-owned entity was added to the scope of consolidation at end-June 2019. AEW Capital Management LP created several legal structures V involved in managing several of its new funds: AEW Partners Real Estate Fund VIII, AEW Senior Housing Investors III, AEW Senior Housing Investors IV and AEW Value Investors Asia III. These entities are wholly-owned by AEW Capital Management LP and were added to the scope of consolidation at end-June 2019. Consolidation of the following funds in the fourth quarter after the V percentage interest rose above regulatory thresholds: Thematics Meta Fund and Thematics AI and Robotics Fund. Creation in 2019 and consolidation in the fourth quarter of 2019 of V Thematics Asset Management, which is destined to become Natixis’ key partner in thematic investment in international equities. Natixis Investment Managers also holds put options on minority interests (60%) in the amount of €30.2 million. Asset & Wealth Management 4.2.2 Newly consolidated entities

Creation in 2019 and consolidation in the fourth quarter of 2019 of V Vauban Infrastructure Partners, which is destined to become Natixis’ preferred partner in international infrastructure investment. To further its expansion in Asia, Ostrum created a new company in V Hong Kong in 2010, Ostrum AM Hong Kong, which was consolidated in the fourth quarter of 2019. Consolidation in the fourth quarter of 2019 of AEW Promote LP V Ltd, which arranges financing for the fund AEW European Value Partners, through which AEW collects interest income in relation to fund performance. Consolidation in the fourth quarter of 2019 of AEW Partners Real V Estate Fund IX, LLC which manages the fund AEW Partners Real Estate IX launched recently in the US by AEW Capital Management, which owns 100% of its capital. Changes in percentage of ownership In accordance with the provisions of the shareholders’ agreement V establishing Société des Cadres DNCA, which was created in December 2016, the structure’s percentage of ownership in DNCA Finance increased from 9% to 12% at January 1, 2019. Subsequently, the percentage interest of DNCA Finance and its subsidiaries (DNCA Courtage, DNCA Luxembourg and DNCA Finance – Milan branch) fell from 82% to 79%. In the first quarter of 2019, Natixis Investment Managers finalized V the launch of asset management firm Flexstone Partners SAS to house three of its Private Equity affiliates: Euro-PE, Caspian Private Equity and Eagle Asia, in a bid to promote its Private Equity expertise on the international market. Under this plan, Caspian PE was contributed to Flexstone Partners SAS. The Caspian PE managers who owned a portion of the Company’s share capital exchanged their shares for a percentage interest in Flexstone Partners SAS. Natixis Investment Managers also sold part of its stake in Flexstone Partners SAS to the Company’s European managers. Subsequent to these various transactions, Natixis Investment Managers owned 84% of Flexstone Partners SAS as of March 31, 2019 versus 100% at December 31, 2018. In the fourth quarter of 2019, the interest in Dorval Finance V increased from 50% to 55% following the buyout of shares from company managers. In the fourth quarter of 2019, the interest in Darius Capital Partners V increased from 60% to 70% following the buyout of shares from company managers. In the fourth quarter of 2019, the interest in Mirova Natural Capital V Limited and its branch office increased from 51% to 100% following the buyout of shares from company managers. Deconsolidated entities Deconsolidation of Mirova Global Sustainable Equity Fund in the V first quarter of 2019 after the percentage interest fell below regulatory thresholds. Deconsolidation of Ostrum Multi Asset Global Income from V March 31, 2019 after the fund’s seed money investment was fully repaid. Deconsolidation of Natixis Global Associates Germany and Natixis V Global Associates Australia following their liquidation in the third quarter of 2019. Deconsolidation of the ASG Managed Futures and DNCA Archer V Mid-Cap Europe funds in the third quarter of 2019 after the percentage interest fell below regulatory thresholds.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019