DNCA Press Release France - Final.ENG


Paris, June 30, 2015

Natixis Global Asset Management announces completion of

DNCA finance acquisition

Natixis Global Asset Management today announced the completion of the acquisition of DNCA Finance (DNCA) expanding its list of global affiliates and strengthening its position in European retail markets.

As an affiliate of Natixis Global Asset Management, DNCA, a well renowned European Investment management company, will have access to Natixis Global Asset Management's centralised global distribution capabilities. DNCA will immediately broaden its European footprint entering new markets including Spain and expanding its business in Germany and Switzerland. DNCA will maintain its independence while over time expanding its global presence as an affiliate of Natixis Global Asset Management.

DNCA's management will remain a shareholder alongside Natixis Global Asset

Management and will benefit from a progressive withdrawal mechanism starting in

2016 that will gradually increase Natixis Global Asset Management's stake in DNCA to

100%.

DNCA has seen important growth in the last 2 years, tripling its assets from €5 billion to €16.5 billion today. Through the acquisition, DNCA will maintain its independent management approach and will offer institutional and retail investors strong expertise in European equities, long only and absolute return, multi-asset, convertible bonds and Eurozone bonds.

"The combination of DNCA's proven track record, solid investment performance, controlled risk profile and strong brand name will make a substantial contribution to the further expansion of Natixis Global Asset Management's multi-affiliate model and our strategy of growing the business in the European retail marketplace" said Pierre Servant, CEO of Natixis Global Asset Management and member of the senior management committee of Natixis in charge of Investment Solutions.

"As an affiliate of Natixis Global Asset Management we will be able to replicate the success that we have had in France and Italy over the past 15 years and step up our international expansion. We believe that Natixis' centralised global distribution platform will help us develop our retail and institutional business and provide investors with a range of simple and understandable funds that deliver results that strengthen their portfolios" said Eric Franc, CEO of DNCA Finance.

About DNCA FINANCE
DNCA FINANCE is an investment management company founded in 2000 by specialists who are experts in pursuing a value-based focus to managing wealth for private and institutional investors. DNCA FINANCE is registered in the Paris Trade and Companies Registry (Registre de Commerce et des Sociétés) under number B 432 518 041 and has been approved as a portfolio management company by the French Financial Market Authority (Autorité des Marchés Financiers) under number GP00-30 since 18 August 2000. Through its team of 73 employees based in Paris, Milan, Luxembourg and Munich, DNCA FINANCE multiplied its assets under management by 3 over the past 2 years and as at May 29, 2015, it managed €16.5bn of assets. DNCA has developed expertise in European equities (long only and absolute return), diversified management, convertible bonds and euro-zone bonds, which are regularly rewarded by the specialized press.
About Natixis Global Asset Management, S.A.
Natixis Global Asset Management, S.A. is a multi-affiliate organization that offers a single point of access to more than 20 specialized investment firms in the U.S., Europe and Asia. The firm ranks among the world's largest asset managers.1
Through its Durable Portfolio Construction®philosophy, the company is dedicated to providing innovative ideas on asset
allocation and risk management that can help institutions, advisors and individuals address a range of modern market challenges. Natixis Global Asset Management, S.A brings together the expertise of multiple specialized investment managers based in Europe, the United States and Asia to offer a wide spectrum of equity, fixed-income and alternative investment strategies.
Headquartered in Paris and Boston, Natixis Global Asset Management, S.A.'s assets under management totaled
€819.6bn as of March 31st2015.2Natixis Global Asset Management, S.A. is part of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Global Asset Management, S.A.'s affiliated investment management firms and distribution and service groups include Active Investment Advisors;3AEW Capital Management; AEW Europe; AlphaSimplex Group; Aurora Investment Management; Axeltis; Capital Growth Management; Darius Capital Partners; Dorval Finance;4Gateway Investment Advisers; H2O Asset Management;4Harris Associates; IDFC Asset Management Company; Loomis, Sayles & Company; Managed Portfolio Advisors;3McDonnell Investment Management; Mirova;5Natixis Asset Management; Natixis Environment & Infrastructure Luxembourg; Ossiam; Reich & Tang Asset Management; Seeyond;6Snyder Capital Management; Vaughan Nelson Investment Management; Vega Investment Managers; and Natixis Global Asset Management Private Equity, which includes Seventure Partners, Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian Private Equity and Eagle Asia Partners. Visit ngam.natixis.comfor more information.
1Cerulli Quantitative Update: Global Markets 2014 ranked Natixis Global Asset Management, S.A. as the 16th largest asset manager in the world based on assets under management as of December 31, 2013.
2Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-
regulatory AUM includes assets which do not fall within the SEC's definition of 'regulatory AUM' in Form ADV, Part 1.
3Division of NGAM Advisors, L.P.
4An affiliate of Natixis Asset Management.
5A subsidiary of Natixis Asset Management.
6A global investment unit of the Natixis Asset Management organization, operated in the U.S. through Natixis Asset
Management U.S., LLC.
About Natixis
Natixis is the corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest bankinggroup in France with 36 million clients spread over two retail banking networks, Banque Populaire and Caisse d'Epargne.
With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Wholesale Banking, Investment Solutions & Insurance, and Specialized Financial Services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors aswell as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE's banking networks.
Follow us on Twitter @Natixis_com

Press contacts

Natixis

Sonia Dilouya Laure Sadreux sonia.dilouya@natixis.comlaure.sadreux@natixis.com

+33 1 58 32 01 03 +33 1 58 19 34 17

Natixis Global Asset Management Samia Hadj samia.hadj@ngam.natixis.com

+44 203 405 4206

DNCA FINANCE Anne de Genouillac agenouillac@dncafinance.com

+33 1 58 62 55 07

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