Natixis at a glance

In addition to the prior authorizations required by applicable legal and regulatory provisions, it should be noted in particular that Natixis’ bylaws and the shareholders’ pact require the prior authorization of the Supervisory Board for certain transactions:


• increases in share capital maintaining preferential subscription rights, immediate or in the future, including a premium of over €75 million, and an increase in Natixis’ share capital, immediate or in the future, without preferential subscription rights;

• extension of Natixis’ activities to include major business lines not exercised by Natixis;

• designation of members of the Supervisory Board and the Board of Directors, Management Board and, if applicable, Chief Executive Officers and Deputy Chief Executive Officers of the main subsidiaries;

• any acquisition of a stake in another company or increases in equity investments, other investments, divestments (or the creation of a joint venture) by Natixis or one of its subsidiaries representing more than €150 million;

• any transfers, mergers or demergers in which Natixis or one of its main subsidiaries is involved;

• approval of the company’s business plan as prepared by the Management Board, comprising in particular target rates of return and the company’s risk policy, as well as any material changes in the strategic plan;

• proposals to the general shareholders’ meeting of any changes to the bylaws.