NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Consolidated financial statements and notes

Capital management Note 12

12.1

Share capital

Capital (in euros)

Ordinary shares

Par value

Number of shares

At January 1

3,153,078,482

1.60 1.60

5,044,925,571

Capital increase AT DECEMBER 31

2,873,020

4,596,832

3,155,951,502

5,049,522,403

There were 4,014,663 treasury shares at December 31, 2020 (2,083,199 treasury shares as of December 31, 2019). The capital increases carried out over the fiscal year 2020 correspond to the allocation of free shares to certain Natixis employees, as part of the share-based Loyalty and Performance Plans (PFP) for 2017 and 2018 and the Long Term Incentive Plan 2016 (LTIP). 12.2 Natixis’ main capital management objectives are to ensure that the group meets the capital requirements imposed by its external environment and maintains an adequate rating to support its activity and maximize shareholder value. Natixis adapts the management of its capital structure in line with changes in economic conditions and in the risk profile of its operations. Its objectives, policies and procedures remained unchanged in 2020. Capital management and preference shares In accordance with IAS 32,issued financial instruments are classified as debt or equity depending on whether or not they incorporate a contractual obligation to deliver cash to the holder. Since December 31, 2009, issues of perpetual deeply subordinated notes and preference shares have been recognized as equity instruments issued in accordancewith a clause concerningdividend paymentswhich has become discretionaryand have been booked to “Consolidated reserves” in the consolidated balance sheet. Equity instruments issued 12.3 Perpetual deeply subordinated notes 12.3.1

The conversion of these debt instruments into equity instruments had generated a gain of €418 million recognized in income on June 30, 2009. Issues after June 30, 2009 were always classifiedas equity given the discretionary nature of their interest. Deeply subordinated notes amounted to €1,978 million at December 31, 2020 (no change compared to December 31, 2019). Note that the gross amount of exchange rate fluctuations in deeply subordinated notes in foreign currencies recorded in income at December 31, 2020 amounted to -€85.6 million, or -€58.2 million after tax, compared with +€19.0 million at December 31, 2019, or +€14.3 million after tax. The main features of the perpetual deeply subordinated notes are outlined in Chapter [14] of the Pillar III report. Management of the liquidity contract 12.3.2 Natixis entered into a liquidity contract with an independent service provider, and in accordancewith the ComplianceCharter established with the French Financial Markets Association (Association des Marchés Financiers) on September 23, 2008, approved by the Autorité des Marchés Financiers on October 1, 2008. Under this contract, this service provider is mandated to intervene in Natixis’ treasury shares with a view to increasing transaction liquidity and the trading of Natixis shares so as to avoid price gaps unjustified by market trends. This authorizationis based on the sixteenth-resolutionof the General Shareholders’ Meeting of May 20, 2020. It authorizes Natixis to acquire, at a maximum price of €10 per share, a number of shares not exceeding10% of the shares making up the capital of Natixis. Pursuant to this contract, Natixis has 3,912,890 shares,representing €11 millionas of December 31,2020, compared to 1,981,426 shares, representing €7.9 million, at December 31, 2019.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020