Project for the sale of CCIs and Natixis 2012 Results

Project for the simplification of Natixis’ structure

• Sale of all CCIs to Banques Populaires and Caisses d’Epargne

• Closing of the P3CI transaction

• Simplified accounts, 83% of capital allocated to the 3 core businesses⁽⁴⁾: Wholesale Banking, Investment Solutions, SFS

Value-creating operation

• Exceptional distribution⁽⁵⁾ of €2bn, i.e. €0.65 per share in 2013
• Further strengthening of financial structure: Basel 3 Core Tier 1 ratio⁽⁶⁾ above 9% as of January 1, 2013 and of 9.2% after Operation⁽⁷⁾

• Improved of cost/income ratio⁽⁸⁾ after Operation: 71.2% vs. 76.5%
• Limited impact on net income (group share)

• Increase of Return on Tangible Equity (ROTE) after Operation to 8.5% from 8.1%⁽⁸⁾

2012 results: core business revenues up and earning capacity confirmed

• Core business revenues up +4% in 2012 vs. 2011

• Program to reduce scarce-resources consumption (capital and liquidity) completed a year ahead of schedule
• Good underlying⁽³⁾ results: net income (group share) of €1.141bn down 15% vs. 2011 (excluding interest on P3CI)

• Reported net income (group share) of €901m, after taking into account non-operating items of -€240 million, net of tax (mainly revaluation of own debt)
• Proposition⁽⁹⁾ to pay a cash dividend of €0.10 for 2012. A 3.5% yield (based on the share price as of February 15, 2013)

Dividend distribution policy favourable to shareholders: target distribution rate of 50% starting in 2013

1. Cooperative Investment Certificates – indicative schedule in appendix ⁽²⁾ Subject to the experts’ final reports ⁽³⁾ Excluding non-operating items ⁽⁴⁾ Normative capital allocation to core businesses based on 9% of Basel RWA estimated on December 31 , 2012, including goodwill allocated to business lines ⁽⁵⁾ Proposition presented to the Extraordinary Shareholders’ Meeting ⁽⁶⁾ Impact will depend on final Basel 3 rules – Fully loaded except on DTA ⁽⁷⁾ Sale of CCIs, repayment of

P3CI and related operations, placement of liquidities and exceptional distribution ⁽⁸⁾ 2012 pro forma figures, except non-operating items ⁽⁹⁾ Proposition presented to General Shareholders’ Meeting of May 21, 2013

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