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NATIXIS: RESULTADO A 30 DE JUNIO DE 2008.

Nuevas direcciones estratégicas

- perfil de riesgos reducido

- foco nuevamente centrado en las actividades más recurrentes

- mayor solidez

En el primer trimestre de 2008, esfuerzo de aprovisionamiento acorde al alcance de la crisis

- Asunción de las consecuencias de una crisis económica y bancaria agravada:

- Ajustes y depreciaciones de valores: 1.509 millones de euros antes de impuestos para el segundo trimestre de 2008

- PNB en 1.552 millones de euros y resultado neto corriente en -859 millones de euros

- Resultados comerciales sólidos, en especial, en la Gestión de activos, el área de Servicios y la Gestión de cobros

new strategic directions, with business lines focused on the most recurring activities and on the reduction of risk

- A lower risk CIB, refocused on key strengths and client-driven activities

- Growth in the group's other business lines

- Enhanced operating efficiency

- Financial structure strengthened through the capital increase project

- Tier 1 ratio proforma of the capital increase: 9.3% at June 30, 2008

- Core Tier 1 ratio[*] proforma of the capital increase: 7.8% at June 30, 2008

Natixis' consolidated financial statements were approved by the Executive Board on August 21, 2008.

Unless otherwise stated, all the variations presented in this press release are calculated relative to figures for the first half of 2007.

The quarterly data takes into account (see bridge tables on page 17):

- The change in the scope of the CIB and Services divisions. The following business lines (previously attached to CIB), which mostly involve retail activity, are now attached to the Services division: Leasing, Natixis Pramex International (Council on International Development of Small and Medium-Sized Companies) and Natixis Algérie.

- The amendments to analytical agreements for compensation from allocated capital and appropriation of committed costs.

- The appropriation of allocated capital pursuant to Basel II rules.

[*] Core Tier 1 calculated with deduction of CCIs prorata of the non-hybrid Tier 1 within total Tier 1

The full press release is available in attachment.

Contacts:

Press Relations:	relationspresse@natixis.com
Victoria Eideliman	T + 33 1 58 19 47 05
Corinne Lavaud	T + 33 1 58 19 80 24
Valerie Boas	T + 33 1 58 19 25 99

Copyright Hugin

The appendixes relating to the press release are available on: http://www.hugingroup.com/documents_ir/PJ/CO/2008/141955_88_A1VH_PR-RESULTATS-SI-08.pdf

[CN#141955].