SOURCE: Natixis

November 12, 2008 13:39 ET

NATIXIS : NATIXIS - RESULTS AT SEPTEMBER 30, 2008

PARIS--(Marketwire - November 12, 2008) - Paris, November 12, 2008

RESULTS AT SEPTEMBER 30, 2008

+-------------------------+--------------------+
|THIRD QUARTER 2008       |First 9 MONTHS of   |
|                         |2008                |
+-------------------------+--------------------+
|NBI before impact of the |NBI before impact of|
|crisis: EUR 1.503bn   |the crisis: EUR 5.003bn|
+-------------------------+--------------------+
|NBI: EUR 1.154bn         |NBI: EUR 2.706bn    |
+-------------------------+--------------------+
|GOI: EUR 56m             |GOI: -EUR 888m      |
+-------------------------+--------------------+
|U/l net income (gp.      |U/l net income (gp. |
|share): -EUR 221m        |share): -EUR 1.079bn|
+-------------------------+--------------------+

DIRECT IMPACT OF THE FINANCIAL CRISIS STILL HIGH IN Q308: EUR 636 MILLION (EUR 349M IN NBI AND EUR 287M COST OF RISK)

REVENUE RESILIENCE FOR THE MAIN BUSINESS LINES, EXCLUDING CIB, BUT WHICH REFLECT THE FIRST SIGNS OF ECONOMIC SLOWDOWN

FIRST EFFECTS OF COST-CUTTING MEASURES

CAPITAL STRUCTURE CONSOLIDATED THROUGH THE SUCCESSFUL CAPITAL INCREASE

- EUR 3.7BN IN HIGHLY CHALLENGING CONDITIONS (SEPT. 08)

- TIER 1 RATIO: 8.6% CORE TIER 1 RATIO [1] : 7.1% AT SEPTEMBER 30, 2008

AGREEMENT BETWEEN THE TWO MAIN SHAREHOLDERS, FOLLOWING THE PROPOSAL BY NATIXIS MANAGEMENT, TO FINALIZE THE MEDIUM-TERM PLAN AND STEP UP ITS IMPLEMENTATION

ANNOUNCEMENT OF MERGER PLAN BETWEEN NATIXIS' TWO MAIN SHAREHOLDERS (BFBP AND CNCE)

NATIXIS' THIRD-QUARTER 2008 ACCOUNTS MAKE NO USE OF THE AMENDMENT TO IAS39

Natixis' quarterly accounts were approved by the Executive Board on November 6, 2008. Unless otherwise stated, all the variations presented in this press release were calculated relative to figures for the corresponding period in 2007 (9 months or the third quarter).

All quarterly data were restated in order to factor in:

- the transfer of Leasing businesses and the International Services (Natixis Pramex International and Natixis Algérie) from the CIB division to the Services division (first application on June 30, 2008).

- the adjustment of analytical agreements concerning the return on allocated capital and the allocation of corporate costs (first application on June 30, 2008).

- the allocation of capital according to Basel II rules (first application on March 31, 2008).

[1]Core Tier 1: the numerator of the Core Tier 1 ratio excludes hybrid capital included in Tier 1 capital. The Core Tier 1 numerator also applies a 50% reduction to CCIs in proportion to non-hybrid capital.

The full press release is available in attachment

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