SOCIETE GENERALE: SOCIETE GENERALE IS CONSIDERING FULL ACQUISITION OF NEWEDGE

SOCIETE GENERALE: SOCIETE GENERALE IS CONSIDERING FULL ACQUISITION OF NEWEDGE

Paris, 7 November 2013
Societe Generale is considering the full acquisition of NEWEDGE to provide an
integrated client offer from market activities to post-TRADE SERVICES

Societe Generalehas entered into exclusive negotiations with Credit  Agricole 
to  acquire  the  additional  50%  stake  in  Newedge,  their  commonly  owned 
joint-venture  focused  on  derivatives  brokerage,  which  would  bring   its 
shareholding to 100%.

In line  with  Societe  Generale's  strategy to  further  build  on  its  core 
businesses and develop synergies, the full  acquisition of Newedge would be  a 
key development  in  the  area  of market  activities  aligned  with  evolving 
regulatory trends towards more centralised clearing of OTC products.

The combination  of  the  two  complementary  franchises  would  bring  a  new 
dimension to Societe Generale's Global Banking and Investor Solutions division
in terms  of client  offer and  geographical reach  while enabling  additional 
synergies.

"This transaction would enable us to give our clients access to an  integrated 
offer across global markets, from execution to prime and clearing services  on 
both listed and OTC  products", said Didier Valet,  Head of the division.  "In 
addition, due to the evolution of the regulatory framework, we want to  invest 
in post trade activities in order to enlarge our client offer."

The financial terms  under discussion  in the  exclusive negotiations  between 
Societe Generale and Credit Agricole are as follows:

  *Societe Generale would acquire from Credit Agricole CIB the remaining  50% 
    stake in Newedge, for a consideration of EUR 275m. 

  *In parallel, Societe Generale would sell to Credit Agricole SA a 5%  stake 
    in Amundi, their jointly owned asset management company, for an amount  of 
    EUR 337.5m, taking  Societe Generale's stake  in Amundi from  25% to  20%. 
    This sale would not have any impact on the current governance structure of
    the company. Amundi would remain the leading provider of savings solutions
    across Societe Generale's retail banking networks; within the framework of
    the transaction, the distribution agreements would be extended through the
    end of 2019  from the  initial expiration date  scheduled for  the end  of 
    2014. 

At closing, these  transactions would result  in a net  impact on the  Group's 
earnings expected to be positive and  an approximately 10 bps negative  impact 
on the Group's Basel 3 Core Tier One ratio.

The completion of  the project  is subject to  a final  agreement between  the 
parties,  the  authorisation  of  the  relevant  regulatory  bodies  and   the 
consultation with the workers councils in France.

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.

Societe Generale has been playing a vital  role in the economy for 150  years. 
With more  than 154,000  employees, based  in 76  countries, we  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, offering a comprehensive range of multichannel  financial 
services on the leading edge of digital innovation;

International retail banking, financial services and insurance with a presence
in emerging economies and leading specialised businesses;

Corporate and  investment  banking,  private  banking,  asset  management  and 
securities services, with recognised expertise, top international rankings and
integrated solutions.

Societe Generale  is  included in  the  main socially  responsible  investment 
indices: Dow  Jones  Sustainability  Index  (Europe),  FSTE4Good  (Global  and 
Europe) and all the STOXX ESG Leaders indices.

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

About Newedge

Newedge is a 50/50 joint venture between Societe Generale and Crédit  Agricole 
CIB, focusing on global multi-asset  brokerage business, with a  world-leading 
position in the execution and clearing of listed derivative products.  Newedge 
is present across  85 financial  markets in  North America,  Europe and  Asia. 
Newedge  provides  a  wide  range  of   trade  and  post  trade  services   to 
institutional and  corporate  clients,  in particular  through  execution  and 
clearing services on  listed options  and futures contracts  on fixed  income, 
foreign exchange, equities and commodities and on OTC markets. For the first 9
months of 2013, Newedge generated a Net Banking Income of EUR 516m.

About Global Banking and Investors Solutions

Global Banking and Investor Solutions  brings together Corporate &  Investment 
Banking, Asset Management as  well as Private  Banking and Investor  Services, 
focusing on long-term relationships  with Corporates, Financial  Institutions, 
Public Sector, Wealth Managers,  and High Net  Worth Individuals. It  combines 
all of  Group's  expertise  offering integrated  and  tailor  made  solutions, 
meeting clients' specific needs.

At the  core of  Societe  Generale's universal  banking business  model,  this 
poleis a leading international player present in 53 countries with more  than 
18,000 professionals servicing clients across the following businesses:

  *Corporate  &  Investment  Banking   with  Societe  Generale  Corporate   & 
    Investment  Banking,  being  a  leading  player  in  investment   banking, 
    financing and markets activities;

  *Private Banking with Societe  Generale Private Banking,  being one of  the 
    leading private banks worldwide; 

  *Asset Management  with  Lyxor  Asset  Management,  the  specialised  asset 
    manager and  100%  owned  by  Societe  Generale  as  well  as  AmundiAsset 
    Management - 25%  owned by  Societe Generale -  one of  the largest  asset 
    managers in the industry worldwide.

  *Investor Services with Societe Generale Securities Services, ranked in the
    TOP 10 of  global custodians  and #2  in Europe,  and Newedge  which is  a 
    leading multi-asset  brokerage,  and a  50/50  joint venture  by  Societe 
    Generale and Credit Agricole CIB. 

Societe General_ CP Newedge

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Source: SOCIETE GENERALE via Thomson Reuters ONE
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