NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Consolidated financial statements and notes

Furthermore, in line with the provisions of the Afep-Medef corporate governance code, the right to a benefit is contingent on meeting performance criteria and requirements, as verified by the Board of Directors where appropriate. At its meeting of February 11, 2021, the Board of Directors of Natixis defined new methods for determining the compensation for the terminationof service of the Chief ExecutiveOfficer, under which the achievement of the objectives will be assessed on the basis of the fiscal years ended before said termination. These performance criteria are as follow: AverageNatixis underlying net income over the two fiscal years 1. preceding departure greater than or equal to 75% of the average budget forecast for the period; Average Natixis underlying ROE over the two fiscal years 2. preceding departure greater than or equal to 75% of the average budget forecast for the period; Natixis cost/income ratio below 75% over the last half-year 3. prior to departure. The amount of the payment shall be determined based on the number of performance criteria met: if all three criteria are met: 100% of the agreed payment; V

Non-compete indemnity The non-competeagreement is limited to a period of six months and carries an indemnity equal to six months of fixed compensation, as in force on the date on which the CEO leaves office. On February 11, 2021, the Board of Directors decidedthe following: The payment of the non-compete compensation is excluded when the executive officer asserts his pension rights. In any event, no non-compete compensation may be paid beyond age 65. It is also specified that the non-competition benefits must be paid in installments during its term. The amount of the non-compete indemnity, together with the severance payment, if applicable, received by the Chief Executive Officer is capped at 24 months of the monthly reference compensation (both fixed and variable). Upon the departure of the Chief Executive Officer, the Board of Directors must make a decision regarding whether to enforce the non-competeclause. It is specified that the terminationbenefits and non-compete schemes will be submitted to the General Shareholders' Meeting of Natixis to be held in May 2021. Upon the departure of François Riahi, the Board of Directors of August 3, 2020 decided to make a non-compete indemnity of €400,000, corresponding to six months of fixed compensation, paid in installments over six months. At its meeting of February 11, 2021, the Board of Directors elected to adopt the recommendationof the Compensation Committee at the time of the reassessment of the financial conditions of François Riahi's departure. As a result, the Board noted that the payment of the contract termination payment to François Riahi was illegal, and therefore decided to request its repayment. It should be noted that this decision does not call into question the role of FrançoisRiahi in the developmentof Natixis, particularly in the context of the COVID crisis.

if two criteria are met: 66% of the agreed payment; V if one criterion is met: 33% of the agreed payment; V if none of the criteria is met: no payment will be made. V

As a reminder, the amount of the CEO’s severance payment, combined with the non-compete indemnity if warranted, may not exceed the equivalent of 24 months of monthly reference compensation.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020