NATIXIS : RESULTS AT JUNE 30, 2009

Wed. August 26, 2009; Posted: 02:12 AM

Natixis enters a new phase with the launch of a clear strategy built around three business lines: CIB, Savings and Specialized Financial Services. Now operating in an improved and stabilized financial context following the guarantee by the BPCE of GAPC assets, Natixis has affirmed its objectives of growth and a return to profit for the second half of 2009. The 2012 ROE objective is over 12%.

- A new strategy built around three core business lines, adapted to the new risk profile and a strong customer focus.

- BPCE will cover roughly E35 billion of GAPC assets through a guarantee that will remove the volatility of these assets' results, allowing Natixis to focus on its new strategic direction.

- Natixis reinforces its financial solidity with a pro-forma Tier 1 ratio of 9.3% and a pro-forma Core Tier 1 ratio of 8.2%.

2009 Quarter 2 Results[1]

- Exceptional items have affected the Q2-09 results:

An in-depth review of Natixis' assets conducted by international financial experts has concluded that the existing portfolio is correctly valued at June 30, 2009, taking into account an additional provision.

Natixis has included an additional provision of E748 million in a number of sensitive business sectors (real estate, LBO).

+------------------------------------------+------------------------------------------+
|           Q2-09 group results            | Q2-09 results on continuing activities   |
+------------------------------------------+------------------------------------------+
|NBI: E568 million                         |                      NBI: E1,276 million |
+------------------------------------------+------------------------------------------+
|U/l Income before tax E262 million[2]     |    U/l Income before tax E409 million[3] |
+------------------------------------------+------------------------------------------+
|U/l net income (gp. share): -E841 million |                        GOI: E229 million |
+------------------------------------------+------------------------------------------+
|Net income (gp. share): -E883 million     |U/l net income (gp. share): -E181 million |
+------------------------------------------+------------------------------------------+
|Pro-forma core Tier One Ratio: 8.2%[4]    |    Net income (gp. share): -E212 million |
+------------------------------------------+------------------------------------------+

Natixis' consolidated accounts were approved by the Board of Directors on August 25, 2009.

Thanks to this new strategy and belonging to a major banking group, BPCE, France's second largest bank, Natixis is now back on track for a return to profit while fully assuming its role as a customer-focused bank at the service of economic players.

[1] The Q2-09 financial statements include the sale of 35% of CACEIS, which is no longer proportionally consolidated. All the previous series featured in this press release have been restated to take this disposal into account. Please refer to the explanations in the Details on methodology section.

[2] Excluding CPM, reinforcement of the overall risk coverage in certain portfolios and GAPC provisions

[3] Excluding CPM, reinforcement of the overall risk coverage in certain portfolios

[4] Taking into account the impact of the change in the method used to calculate the Core Tier One Ratio (deduction of 50% of the value of the CCIs from hybrid capital alone), the Tier One securities exchange transaction in July 2009, the BPCE guarantee and the reimbursement of the shareholder advance.

The full press release is available in attachment.

Contacts:

+--------------------+---------------------+--------------------+--------------------------+
|Investor Relations: |relinvest@natixis.fr | Media Relations:   |pressrelations@natixis.fr |
+--------------------+---------------------+--------------------+--------------------------+
|Isabelle Salaun     |T + 33 1 58 55 20 43 |Elisabeth de Gaulle |     T + 33 1 58 19 28 09 |
+--------------------+---------------------+--------------------+--------------------------+
|Antoine Salazar     |T + 33 1 58 32 47 74 | Victoria Eideliman |     T + 33 1 58 19 47 05 |
+--------------------+---------------------+--------------------+--------------------------+
|Alain Hermann       |T + 33 1 58 19 26 21 |     Corinne Lavaud |     T + 33 1 58 19 80 24 |
+--------------------+---------------------+--------------------+--------------------------+

Copyright Hugin

The appendixes relating to the press release are available on: http://www.hugingroup.com/documents_ir/PJ/CO/2009/157293_88_6V49_Natixis-PR-results-Q209-EN.pdf

Information réglementée : Type : Nouvelle information Thème(s): Communiqués au titre de l'obligation d'information permanente - Communiqué sur comptes, résultats, chiffres d'affaires

This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

[CN#157293]

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