NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

Short-term cash-settled payment plans indexed to the Natixis share price

Expected number of indexed cash units at the acquisition date

Fair value of the indexed cash unit at the valuation date (in euros)

Rights acquisition dates 22/01/2020

Valuation of the indexed cash unit (in euros)

Initial number of indexed cash units granted

Year of plan

Grant date

2019 plan

22/01/2020

3.88

5,815,898

5,815,898

3.88

The expense associated with the short-term plan is fully recognized in the 2019 financial statements in the amount of €28 million versus €36 million at December 31, 2018.

Payment plans settled in shares

Fair value of the bonus share at the valuation date (in euros)

Initial number of shares granted

Number of units acquired by beneficiaries

Bonus share price at grant date (in euros)

Acquisition dates 01/07/2018 01/02/2019 March 2018 March 2019 01/07/2020 March 2019 March 2020 01/05/2021 March 2020 March 2021 March 2021 March 2022 March 2022 March 2023

Year of plan

Grant date

2013 plan 2014 plan 2015 plan 2016 plan 2016 plan 2017 plan

31/07/2014 18/02/2015 28/07/2016 28/07/2016 10/04/2017 23/05/2017

31,955 95,144

4.83 6.18 3.43 3.43 4.28 6.44

4.02 3.45 2.80 1.62 4.43 3.32

3,081,642

151,283

3,012,307

79,369

2017 plan

23/02/2018

2,765,576

7.06

5.34

2018 plan

26/02/2019

2,987,841

4.44

2.73

2019 plan

22/01/2020

2,104,431

3.96

2.22

Payments under these plans are subject to a continued service requirement and performance criteria.

Expense for the period for retention and performance plans

Expense for 2019

Plans settled in cash indexed to the share price of Natixis or its subsidiaries

Plans settled in shares

Expense for 2018 (in millions of euros)

Total

Expenses (in millions of euros) Previous retention plans

(7.7)

(16.7)

(24.4)

(13.7)

Retention plans awarded over the period

(2.9)

(2.9)

(2.6)

TOTAL

(7.7)

(19.6)

(27.3)

(16.3)

Valuation inputs used to calculate the expense of these plans

31/12/2018

31/12/2019

Share price

3.96

4.12

Risk-free interest rate Dividend payment rate

(0.66)% 12.83%

(0.64)% 11.35%

Rights loss rate

4.72%

4.61%

352

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019