BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017

SHARE-BASED PAYMENTS 9.3 The mainplans settled inthe formof shares are presented below. Share-based employee retention and performance recognition plans Each year since 2010, a share-basedpaymentplan has been awarded to certain categories of Natixis group staff, in compliance with regulations.

Regarding the plans approved at February 13, 2018, as the allocations had not been formally completed on the balance sheet date, the cost assessmentwas based on the best possibleestimateof the inputs on the balance sheet date, both in terms of the share value and dividend assumptions. Long-term payment plans settled in cash and indexed to the Natixis share price Paymentsunder these plans are subjectto presenceand performance criteria.

Number of units vested by beneficiaries

Fair value of indexed cash unit at valuation date (in euros)

Number of units granted at inception *

Year of plan

Grant date

Vesting date

October 2015 October 2016 October 2017 October 2016 October 2017 October 2018 March 2018 March 2019 March 2019 March 2020 March 2020 March 2021

1,682,810 1,610,145 1,468,937 1,576,403 1,449,399 -

2013 plan

02/19/2014

5,095,419

2014 plan

02/18/2015

4,493,016

6.37

2015 plan

02/10/2016

6,084,435

6.11

2016 plan

04/10/2017

2,835,311

5.47

2017 plan

02/23/2018

2,660,487

5.34

5

The expectednumberof unitsat the vestingdate is fundedby equityswaps. *

The expected numberof units at the vesting date is funded by equity swaps.

Short-term cash-settled payment plans indexed to the Natixis share

Number of probable indexed

Fair value of indexed cash unit at valuation date (in euros)

Value of indexed cash unit (in euros)

Number of indexed cash units granted at inception

cash units at vesting date 5,313,272

Year of plan 2017 plan

Grant date

Vesting date 02/23/2018

02/23/2018

7.06

5,313,272

7.06

The expense associatedwith the short-termplan, estimatedbased on the probabilityof the presence conditionbeing met, is fully recognizedin the 2017 financial statements in the amount of € 42 million ( € 38 million for2016).

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Registration document 2017