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SOCIETE GENERALE : SOCIETE GENERALE: CLOSING OF THE SALE OF THE STAKE IN NATIONAL SOCIETE GENERALE BANK (NSGB)

   SOCIETE GENERALE : SOCIETE GENERALE: CLOSING OF THE SALE OF THE STAKE IN
                    NATIONAL SOCIETE GENERALE BANK (NSGB)

Paris, 28 March 2013
CLOSING OF THE SALE OF THE STAKE INNATIONAL SOCIETE GENERALE BANK (NSGB)

Societe Generale finalised today the sale of its entire stake in its  Egyptian 
subsidiary National Societe Generale Bank (NSGB) to Qatar National Bank.

The closing of the transaction occurred after the settlement of the  mandatory 
tender offer  into  which  Societe  Generale tendered  its  77.17%  stake,  as 
previously communicated on the 12^th of December 2012.

Societe Generale received for its stake a payment of USD 1,967 MM  (equivalent 
to USD 1,974  MM net of  foreign exchange transaction  costs), representing  a 
multiple to the last stated book value of NSGB of 2.0x.

The transaction generates a net  gain of EUR370 MM  in Q1 2013 and  increases 
the Group's Basel 2.5 Core Tier 1 ratio by 32 bps.

Under Basel 3, the increase is expected to  be 29 bps on a pro forma basis  at 
the end of 2013, in line with  the announcement made on the 12^th of  December 
2012.

Societe Generale

Societe Generale is  one of  the largest European  financial services  groups. 
Based on a diversified universal  banking model, the Group combines  financial 
solidity with a strategy of sustainable  growth, and aims to be the  reference 
for relationship banking, recognised on its markets, close to clients,  chosen 
for the quality and commitment of its teams.

More than  154,000 employees,  based  in 76  countries, accompany  32  million 
clients throughout the world on a daily basis. Societe Generale's teams  offer 
advice and services  to individual, corporate  and institutional customers  in 
three core businesses:

  *Retail banking in France with the Societe Generale branch network,  Credit 
    du Nord and Boursorama;

  *International retail  banking,  with a  presence  in Central  and  Eastern 
    Europe, Russia, in the Mediterranean basin, in Sub-Saharan Africa, in Asia
    and in the French Overseas Territories;

  *Corporate and investment  banking with  a global  expertise in  investment 
    banking, financing and global markets.

Societe Generale is  also a  significant player in  specialised financing  and 
insurance, private banking, asset management and securities services.

Societe Generale is  included in the  socially-responsible investment  indices 
FTSE4Good and ASPI.

For more information, you can follow  us on twitter @societegenerale or  visit 
our website www.societegenerale.com.

CLOSING OF THE SALE OF THE STAKE IN NATIONAL SOCIETE GENERALE BANK

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Source: SOCIETE GENERALE via Thomson Reuters ONE
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