NATIXIS_REGISTRATION_DOCUMENT_2017

LEGAL INFORMATION Statutory Auditors’ special report on related-party agreements and commitments

Directors concerned at the date on which the agreement was signed: François Pérol, President of the BPCE ManagementBoard, j Chairmanof the NatixisBoardof Directors. Stève Gentili, Member of the BPCE Supervisory Board, j NatixisDirector. Didier Patault, Member of the BPCE Supervisory Board, j NatixisDirector. Bernard Jeannin, Member of the BPCE Supervisory Board, j NatixisDirector. Olivier Klein, Member of the BPCE Management Board, j NatixisDirector. Jean Criton,Memberof the BPCE SupervisoryBoard, Natixis j Director. PhilippeQueuille,Memberof the BPCEManagementBoard, j NatixisDirector. Philippe Sueur, Vice-Chairman of the Steering and j Supervisory Committee of Caisse d’Epargne Ile-de-France, NatixisDirector. Jean-BernardMateu, Chairmanof the ManagementBoard of j Caisse d’EpargneRhône-Alpes,NatixisDirector. BPCE, represented by Nicolas Duhamel, Chief Financial j Officer and Member of the BPCE Management Board, BPCE’s permanent representative on the Natixis Board of Directors. This agreementhad no financialimpact in 2017. On February 22,2012, the Board of Directors authorized a new invoicing agreement pertaining to Natixis’ affiliation to BPCE, in replacementof the existingaffiliationagreement. This new invoicing agreement is aimed at providing a better reflectionof the proportionof BPCE’s governancefunctions that relate to affiliated entities. It provides for annual invoicing based on the actual cost of the tasks performedby BPCE. Term of the agreement:the agreementwill enter into effect for the partieswhile Natixis is affiliatedto BPCE, within the meaning of the provisionsof Article L. 511-31of the FrenchMonetaryand FinancialCode. This agreement was approved by the May 29, 2012 General Shareholders'Meeting. Directors concerned at the date on which the agreement was signed: François Pérol, President of the BPCE ManagementBoard, j Chairmanof the NatixisBoardof Directors. Stève Gentili, Member of the BPCE Supervisory Board, j NatixisDirector. Didier Patault, Member of the BPCE Supervisory Board, j NatixisDirector. Bernard Jeannin, Member of the BPCE Supervisory Board, j NatixisDirector. Olivier Klein, Member of the BPCE Management Board, j NatixisDirector. Jean Criton,Memberof the BPCE SupervisoryBoard, Natixis j Director. 10. Invoicing agreement pertaining to Natixis’ affiliation to BPCE

PhilippeQueuille,Memberof the BPCEManagementBoard, j NatixisDirector. Philippe Sueur, Vice-Chairman of the Steering and j Supervisory Committee of Caisse d’Epargne Ile-de-France, NatixisDirector. BPCE, represented by Nicolas Duhamel, Chief Financial j Officer and Member of the BPCE Management Board, BPCE’s permanent representative on the Natixis Board of Directors. The expensesrecognizedby Natixis in respectof this agreement amountedto €33,340,383.00for the fiscal year endedDecember 31, 2017. 11. Agreement providing for the distribution of Natixis products and services to the regional banks acquired from HSBC by the Banque Populaire Group On December 18, 2008, the Supervisory Board approved an agreement providing for the distributionof Natixis products and services to the regional banks acquired from HSBC by the BanquePopulaireGroup,pursuantto whichNatixiswas to be the exclusive supplier to these banks for the businessesconcerned by the agreement as from 2009. The agreement also stipulated that the conditionsestablishedbetweenNatixis and the Banque PopulaireGroupshouldapply to these banks. This agreement was approved by the April 30, 2009 General Shareholders'Meeting. The income recognizedin respect of the activationof guarantees in the 2017 fiscal year amountedto €537,244. 12. “Click’n Trade” service and partnership agreement between IXIS CIB, CNCE and Banque Palatine On June 6, 2007, the Supervisory Board approved a service agreement between IXIS CIB, CNCE and Banque Palatine pertainingto CNCE’stransferto BanquePalatineof the operating and technical managementof the “Click’n Trade” website, with CNCE retaining ownership of the website, and remaining the forwardand cash currencytransactionscounterpartyfor IXIS CIB. The income recognized by Natixis in respect of this agreement amounted to €92,500 for the fiscal year ended December 31, 2017. 13. Letters of joint and several commitment and guarantee terminated or expired IXIS CIB (previously known as CDC Marchés and then as CDC IXIS Capital Markets) was required to enter into a number of letters of joint and several commitment and guarantee with its various successiveshareholders,namely the Caisse des Dépôts (CDC), CDC Finance - CDC IXIS (to which CNCE became the successor in interest following the merger dated December 31, 2004) and CNCE. Likewise,IXIS CIB has been requiredto enter into letters of joint and several commitmentand guaranteewith its US subsidiaries, namely Natixis Municipal Products Inc. (formerly CDC Municipal Products Inc.), Natixis DerivativesInc. (formerlyCDC Derivatives Inc.), Natixis Financial Products Inc. (formerly CDC Financial ProductsInc.), Natixis FundingCorp. (formerlyCDC IXIS Funding Corp.) and Natixis Commercial Paper Corp. (formerly CDC IXIS CommercialPaper Corp.).

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Natixis Registration Document 2017