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NATIXIS : Natixis significantly reduces GAPC risk positions

^{Published on 2010-07-05 03:40:44 - Market Wire}
 

PARIS--(Marketwire - July 5, 2010) - Natixis significantly reduces GAPC risk positions

Natixis announces today the disposal of most of the complex credit derivative exposure held in the GAPC to a banking counterpart.

This transaction significantly contributes to the reduction of the risk profile of GAPC and Natixis, in line with the strategy that has been defined by the management. This operation will also limit the volatility of earnings.

As a reminder, the complex credit derivative portfolios sold in this transaction are not covered by the guarantee granted by BPCE (with effect to July 1 2009). This transaction is expected to have a slight impact on the H1 2010 results to be released on the 5th of august 2010 after market close.

Contacts:

 +--------------------+--------------------+-+--------------------+ |Investor Relations: |natixis.ir@natixis.f| | Press Relations: | | |r | | | +--------------------+--------------------+-+--------------------+ |Christophe Ricetti |T + 33 1 58 55 05 22| |Elisabeth de Gaulle | +--------------------+--------------------+-+--------------------+ +--------------------+--------------------+ |Investor Relations: |relationspresse@nati| | |xis.fr | +--------------------+--------------------+ |Christophe Ricetti |T + 33 1 58 19 28 09| +--------------------+--------------------+ 

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