PACE Funding Group Completes its Inaugural Securitization of Residential PACE in Collaboration with Natixis

Los Gatos, California (March 28, 2018) – PACE Funding Group LLC, a California-based specialty finance company, announced today that it has completed its first securitization of residential Property Assessed Clean Energy (PACE) assets. The $50 million “Green Bond” transaction was privately placed by Natixis Securities Americas, LLC and privately rated by Morningstar Credit Ratings, LLC.

“This transaction represents a milestone achievement for our growing residential PACE franchise”, said Robert Giles, CEO of PACE Funding Group. “The team at PACE Funding is dedicated to providing cost- efficient financing to homeowners looking to finance energy efficiency, water efficiency, and renewable energy upgrades to their homes,” said Mr. Giles. “Our ability to access the term securitization capital markets is a strong validation for our platform’s growth and success. We were fortunate to work with the very experienced PACE banking team at Natixis,” continued Mr. Giles.

“Natixis is committed to providing clean energy finance solutions to clients throughout the world, and we are proud to support the team at PACE Funding Group on their inaugural “Green Bond” securitization,” said Kevin Alexander, Head of Global Markets and Investment Banking Americas for Natixis.

The issuer considered the senior notes to be Green Bonds based on the Green Bond Principles published by the International Capital Market Association.

About PACE Funding Group:

PACE Funding Group provides financing to property owners to make their buildings more energy efficient or install clean energy systems through a structure called Property Assessed Clean Energy (PACE) which allows repayment to be made through the property tax bill. PACE can provide 100 percent of the hard and soft costs and allows building owners to use energy savings to cover the repayment.

Based in Los Gatos California, PACE Funding Group is one of the leading residential PACE financing providers. In California, PACE Funding Group works with California Statewide Communities Development

Authority (CSCDA) and with Western Riverside Council of Governments (WRCOG). Outside of California, PACE Funding Group works with the Florida Development Finance Corporation (FDFC).

About Natixis:

Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.

With more than 17,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services.

A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.

Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €12 billion, a Basel 3 CET1 Ratio (1) of 10.65 % and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A).

(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise – without phase-in.

Figures as at December 31, 2017

Press contact for Natixis:

Meredith Zaritheny, Prosek Partners 646.503.6278 , mzaritheny@prosek.com

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