NATIXIS -2020 Universal Registration Document

2 CORPORATE GOVERNANCE Policies and rules established for determining compensation and benefits of any kind for corporate officers

Information on compensation pursuant to Article L.22-10-9 I, 2.3.2.3 paragraphs 6 and 7 of the French Commercial Code

2019

2018

2017

2016

2020

517

1,370

1,607 (6.3)% 9,500

1,715 25.0% 9,497

1,372

Natixis’ performance – underlying net income, Group share

Chg. vs. N-1

(62.3)%

(14.7)% 9,177 (3.4)% 71.3% 0.4 pp 10.0% (2) pp

2.1%

Natixis’ performance – underlying net revenues

7,405

8,700

0.0%

9.2%

1.6%

Chg. vs. N-1

(19.3)% (d)

Natixis’ performance – underlying C/I ratio

77,3% 6.0 pp 3.0% (7) pp

70.9%

68.9% (2.5) pp 12.3%

71.4% 2.4 pp

2 pp

Chg. vs. N-1

Natixis’ performance – underlying ROTE

12.0% (0.3) pp

9.9%

Chg. vs. N-1

2.4 pp

0.1 pp

Compensation granted to the Chief Executive Officer (a)

1,159,862

1,950,646

2,023,129

2,815,242

1,914,761

Chg. vs. N-1

(40.5)% 112,712 (11.2)%

(3.6)%

(28.1)% 126,064

47.0%

(7.0)%

Average employee granted compensation (c)

126,915

131,739

125,697

Chg. vs. N-1

0.7% 15.4 (0.6) 22.9 (1.5)

(4.3)%

4.8% 21.4

5.8% 15.2 (2.1) 24.5 (2.5)

CEO pay ratio vs. average employee compensation (c)

10.3 (5.1) 14.1 (8.8)

16

Chg. vs. N-1

(5.4) 24.4

6.2

CEO pay ratio vs. median employee compensation (c)

34.9 10.4

Chg. vs. N-1

(10.5)

Compensation granted to the Chairman of the Board of Directors (b)

300,000

300,000

175,000

0

0

Chg. vs. N-1

0

71.4%

Chairman’s pay ratio vs. average employee compensation (c)

2.7 0.3 3.6 0.1

2.4 1.0 3.5

1.4

N/A

N/A

Chg. vs. N-1

Chairman’s pay ratio vs. median employee compensation (c)

2.1

N/A

N/A

Chg. vs. N-1 1.4 Compensation granted in respect of each fiscal year and for duties as Chief Executive Officer of Natixis, including bonus share awards. As information, (a) the Chief Executive Officer of Natixis was Laurent Mignon until May 31, 2018, François RIAHI from June 1, 2018 to August 3, 2020 and Nicolas Namias from August 4, 2020. Compensation granted in respect of each fiscal year and for duties as Chairman of the Board of Directors of Natixis. As information, François Pérol (b) was Chairman of the Board of Directors of Natixis until May 31, 2018, and Laurent Mignon is Chairman of the Board of Directors as of June 1, 2018. Average and median compensation awarded to Natixis S.A. employees each year, including foreign branches, and used to calculate pay ratios, is calculated (c) based on permanent employees for each year (full-time employees on permanent contracts working the entire year, excluding corporate officers) and represents fixed compensation plus total variable compensation granted, including bonus share awards, and any profit-sharing and incentive plan amounts awarded during the year in respect of the previous fiscal year. In accordance with AFEP recommendations, severance payments for corporate officers or employees are excluded from the calculated compensation. On a like-for-like basis (disposal of Coface), the change in underlying net revenues between 2019 and 2020 is -12.5%. (d) pp: percentage point. NB:

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020