Paris, May 6, 2013

First-Quarter 2013 Results

Dynamic commercial activity, improved earnings capacity and further
reinforcement of financial structure

First-Quarter 2013 Results
Pro forma^(1) and excluding FV adjustment on own debt

  oNet revenues of €1.8bn, up 3% vs 1Q12 and 4% vs 4Q12
  oImprovement in gross operating income, up 3% vs 1Q12 and 26% vs 4Q12
  oAcceleration of GAPC disposals in 2013, with €2.4bn^(2) concluded on
  oTarget for closing GAPC in mid-2014
  oNet income of €337m, up 22% vs 1Q12

Core Businesses: net revenues  increased 4% vs. 1Q12  in a difficult  economic 
context in Europe

  oDynamic new loan production in the Wholesale Banking financing activities,
    notably outside Europe
  oPositive net inflows in Life insurance and in Asset management were
    activity was particularly buoyant in the US
  oFurther rollout of Specialized financing activities in the Groupe BPCE
    retail networks

Continued reinforcement of financial Structure

  oBasel 3 Core Tier 1 ratio^(1,3) of 9.4% as at March 31, 2013

Operational Efficiency Program in line with target

  oNatixis expenses under control: up only 1% vs. 1Q12 (on a constant
    perimeter and currency basis, excluding tax increase)
  oOperational Efficiency Program: €128m cumulative reduction in expenses at
    end-March 2013, of which €31m in 1Q13

(1) Pro forma  of the  Project for  the sale of  CCIs (2)  Management data  - 
Nominal value (3)  Basel 3 impact  will depend on  final rules -  Fully-loaded 
except on DTAs



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Source: NATIXIS via Thomson Reuters ONE
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