NATIXIS : 2018 FOURTH-QUARTER RESULTS AND 2018 ANNUAL RESULTS

World News: . []

Paris, February 12, 2019

underlying net revenues at €9.5bn in 2018 (+2% at constant FX) and €2.2bn in 4Q18

Businesses' underlying net revenues UP +5% at constant fx excluding non-recurring items announced ON december 18, 2018

Underlying net revenues up +13% at constant FX in 2018 and up +12% in 4Q18 amidst volatile markets

Ninth consecutive year of fee rate increase at 31bps in 2018 vs. 29bps in 2017

Performance fees up +50% YoY in 2018 with €249m booked in 4Q18

Underlying net revenues down a modest -3% in 2018 at constant exchange rate, excluding the -€259m non-recurring drag on Asian equity derivatives in 4Q18

Underlying net revenues up in Global finance (+9% YoY at constant FX in 2018) and in IB/M&A (+4% YoY in 2018 of which +68% in 4Q18) offsetting, thanks to our sectorial approach, a decrease in Global markets, impacted by a challenging environment in 4Q18

Underlying net revenues up +8% YoY in 2018

Underlying net revenuesfrom SFS up +6% YoY in 2018, of which +16% in Payments (+18% in 4Q18)

Payments: Increase in business volumes from PayPlug and Dalenys, up +31% YoY in 2018. Historical processingactivity up +11% YoY

Morgan Stanley, appointed by Natixis independent directors as financial advisor (attestateur d'équité) to assess the fairness of the financial terms of the transaction, delivered on February 12th 2019 a fairness opinion to the Board of Directors, the conclusion of which is as follows: "".

Natixis reminds the decision process which led to the approval of the transaction by its Board of Directors:

                                                                                                                                                                            from Asset & Wealth Management (AWM) are up +13% YoY in 2018 at constant exchange rate (+9% excluding AM performance fees) and +12% YoY in 4Q18, above New Dimension growth target of ~6%. underlying revenues increased by +6% YoY at constant exchange rate in North America (€1,612m) and +27% in Europe (€1,205m) over 2018. underlying revenues are up +2% YoY in 2018.

The P&L drag at the pre-tax profit level has been reduced by €16m in 2018 excl. SRF.

Natixis has mandated today an investment service provider (Oddo BHF SCA) to proceed to the sale of 700,000 shares of Coface representing 0.45% of the capital and voting rights of the company. It is a purely technical sale with the sole objective to limit Natixis' accretion in Coface's capital following the cancellation of Coface's own shares. This sale comes after the cancellation of 3,348,971 treasury shares (acquired by Coface between February 2018 and October 2018) and in the context of an additional 1,867,312 treasury shares to be cancelled (acquired by Coface between October 2018 and February 2019). The mandate will be executed over the coming weeks. After such a sale, Natixis will remain Coface's reference shareholder with 41.69% of the capital.

Based on a Basel 3 fully-loaded CET1 ratio of 10.6% as at December 31, 2017, the respective 2018 impacts were as follows:

Pro-forma for the announced disposal of retail banking activities to BPCE SA (+236bps), the payment of a €1.5bn special dividend (-158bps), the acquisitions as announced in AWM (-29bps) as well as the irrevocable payment commitment deduction from capital (IPC) and the impact of IFRS16 implementation on RWAs (-16bps of aggregated impact), Natixis' Basel 3 fully-loaded CET1 ratio stands at 11.1% as at December 31, 2018.

Natixis' book value per share stood at as at December 31, 2018 based on 3,146,571,614 shares excluding treasury shares (the total number of shares being 3,150,288,592). The tangible book value per share (after deducting goodwill and intangible assets) was .

In view of the new strategic plan New dimension, the 2017 quarterly series have been restated for the following changes in business lines organization and in standards for implementation in 4Q17 as if these changes had occurred on 1 January 2017.

-            : Results used for calculations are net income (group share), deducting DSN interest expenses on preferred shares after tax. Equity capital is average shareholders' equity group share as defined by IFRS, after payout of dividends, excluding average hybrid debt, and excluding unrealized or deferred gains and losses recognized in equity (OCI).-            is calculated based on normative capital to which are added goodwill and intangible assets for the business line. Normative capital allocation to Natixis' business lines is carried out based on 10.5% of their average Basel 3 risk-weighted assets. Business lines benefit from remuneration of normative capital allocated to them. By convention, the remuneration rate on normative capital is maintained at 2%.

This media release may contain objectives and comments relating to the objectives and strategy of Natixis. Any such objectives inherently depend on assumptions, project considerations, objectives and expectations linked to future and uncertain events, transactions, products and services as well as suppositions regarding future performances and synergies.

No Insurance can be given that such objectives will be realized. They are subject to inherent risks and uncertainties, and are based on assumptions relating to Natixis, its subsidiaries and associates, and the business development thereof; trends in the sector; future acquisitions and investments; macroeconomic conditions and conditions in Natixis' principal local markets; competition and regulation. Occurrence of such events is not certain, and outcomes may prove different from current expectations, significantly affecting expected results. Actual results may differ significantly from those implied by such objectives.

Information in this media release relating to parties other than Natixis or taken from external sources has not been subject to independent verification, and Natixis makes no warranty as to the accuracy, fairness, precision or completeness of the information or opinions herein. Neither Natixis nor its representatives shall be liable for any errors or omissions, or for any prejudice resulting from the use of this media release, its contents or any document or information referred to herein.

Included data in this press release have not been audited.

NATIXIS financial disclosures for the fourth quarter 2018 are contained in this press release and in the presentation attached herewith, available online at in the "Investors & shareholders" section.

The conference call to discuss the results, scheduled for February 13, 2019 at 9:00 a.m. CET, will be webcast live on (on the "Investors & shareholders" page).

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Globe Newswire: 16:39 GMT Tuesday 12th February 2019

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