Investor Presentaiton

STRATEGIC RATIONALE 1. Acceleration of La Banque Postale's strategic plan with a reinforced integration of France's leading life insurer Operational efficiency consolidation and continuation of strategic alignment of interests for both groups Closer ties, promoting day-to-day collaboration between CNP's product design teams and La Banque Postale's commercial teams Agility in the responsiveness to increasing clients' needs in terms of personal risks and optimization of customer experience through joint digitalization efforts 2. Improvement of La Banque Postale's financial profile - Significant rise of La Banque Postale's attributable net profit (+0.5 Bn€ by 2022 if CNP is 100%-owned) - Contribution to the sustainability of Banque Postale Group's development plan and to its dividend generation Improvement of La Banque Postale's capital position through an expected growth of its CET1 ratio 3. Strengthening of CNP Assurances Simplified governance and decision-making processes Reinforced support from La Banque Postale to implement transformation projects, develop partnerships both in France and at the international level Option to both optimize CNP Assurances and, more broadly, La Banque Postale capital management 4. Removal of CNP Assurances listing which is not useful to development anymore Competitive advantage of listing not evidenced compared constraints Insufficient technical life of the share (low liquidity and decreasing coverage by equity analysts) Removal of the short-term pressure from markets, allowing CNP Assurances to combine day-to-day performance requirements with long-term strategy LA BANQUE POSTALE Investor presentation / December 2021 67 20

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