NATIXIS -2020 Universal Registration Document

4 OVERVIEW OF THE FISCAL YEAR Significant events for 2020

The bank received two awards, one from The Banker magazine and the other from Structured Retail Product s magazine . (Source (1) Investment Bank of the Year for Equity-linkedProducts, (2) Deal of the Year 2020) . Real Assets The Real Assets business lines (which include the Aviation, Infrastructure, and Real Estate & Hotels/Tourism sectors) proved very resilient. The passenger air transport sector was particularly affected by the COVID-19 epidemic. It is beginning to recover slowly, driven by domestic and tourism flights, with a low level of business and international travel. In this challenging period, Natixis continued to support its clients, both airlines and leasing companies, by providing liquidity facilities, portfolio financing and transactions guaranteed by export credit agencies. “Infrastructure” and “Energy” held up well to the crisis, driven by the telecommunications infrastructure segment and the renewable energy sector. For example, Natixis arranged numerous solar parks in Chile (Sonnedix, CVE, Langa, Reden, Grenergy, Arroyo), which confirms Natixis’ dominant position in this segment. Lastly, the Real Estate and Hospitalitysector continued to support its clients in all the geographic areas where it operates, and to develop Green and Sustainable financing arrangements. Natixis ranked second in the IJ Global League Table for its performance in Global TelecomsMLA, fourth in Latam Infrastructure Finance MLA and eighth worldwide, reflecting its expertise in infrastructure financing. Trade & Treasury Solutions Trade & Treasury Solutions underwent transformation in 2020, now grouped with export credit and commodity trading activities with a view to better serve our clients by providing them with more comprehensive support in their working capital requirements and business development, particularly internationally. Among the highlights in 2020, ENR Trade stepped up support for customers in their energy transition, with innovative products such as the Green Repo for aluminum with Trafigura. In addition, Treasury Solutions continued to innovate in the digital field, for example with the international paymentstraceability. M&A Natixis and the M&A affiliates network carried out numerous large-scale transactions this year. In France, Natixis Partners advised Sagard on the sale of Ipackchem to SK Capital. In the United Kingdom, Fenchurch Advisory advised Hastings group plc on the takeover bid by a consortium of Sampo and RMI. In the United States, PJ SolomonadvisedMoodMedia, first on its restructuring under Chapter [11] and later on its sale to Vector Capital. In France, Natixis and Natixis Partners jointly rank No. 1 by number of deals with midcaps (source: L’Agefi Hebdo) . In the United Kingdom, Fenchurch Advisory ranks No. 1 in the FIG sector by number of transactions (source: Mergermarket) .

Investment Banking In Investment Banking, strategic and acquisition financing supported the corporate coverage teams, by arranging numerous financing arrangements (liquidity lines, EMP in France) to strengthen the balance sheet on behalf of Natixis’ clients. In terms of acquisition finance, many transactions were conducted by corporate buyers, including the acquisition of Endemol Shine group by Banijay, enabling the Group to become the largest independent TV programs producer worldwide. Despite a reduction in volumes in the leveraged financing for investment funds segment, Natixis recorded some major achievements. In France, Natixis arranged and coordinated (Sole Sustainability Coordinator and Facility Agent) for IK Partners in connection with the acquisition of Kersia, a leader in biosafety and food safety, the first sustainability-linked LBO for a Frenchbond. Natixis was active in the capital increase market, acting as Partner Bookrunner on Alstom’s transaction, the largest capital increase to finance an M&A transaction since 2016 in France, and the Technicolor capital increase, as Global Coordinator and Joint Bookrunner. In these exceptionally volatile market conditions, Natixis benefited from its strong expertise in the convertible bond market to manage five large-scale transactions in 2020, including the issues of Accor, Safran, STMicroelectronics, and Worldline on two occasions. Natixis remained leader in terms of volumes acquired on the French market and number of transactions (source: regulated information from the websites of the 120 SBF issuers in 2020) . The bond market was particularly active in 2020 for corporates. Natixis was selected by many French companies for the launch of their public bonds and stood at the top of the league table of the “non-dilutive hybrid segment in France” (Number 1 LT hybrid and senior corporate FR; source: dealogic ). Natixis also continued to roll out its sustainable finance strategy by positioning itself in a variety of green and social bond transactions, with a total of 56 mandates executed, including issues aimed at supporting activities affected by the health crisis (e.g. COVID Bonds) for the Corporate, Sovereign, Supranational and Financiaslegments. The COVID-19 crisis took its toll on the Insurance division, which adapted by taking measures to preserve business continuity and remain operational for its clients. The division contributed€14 million to the Solidarity Fund for VSEs set up by the government. Life and health insurance and non-life insurance adapted to the lockdown periods by widely implementing remote working from the first lockdown, by maintaining on-site only critical activities in order to secure work and by setting up a system for monitoring underwriting and management activities daily in order to maintain a high level of service quality for our clients. For life and health insurance, the financial effects from the crisis are under control due in particular to the protection mechanisms in place: in particular, the impact of the downturn in the equitymarket in the first quarter was mitigated by the equity coverage taken out in 2019 and few impacts were observed on Payment Protection Insurance and Personal Protection Insurance.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020