The Major Events of December 2009

A LA UNE

>> Best wishes for 2010!
As they wish you the very best for 2010, Frédéric Oudéa, Séverin Cabannes, Jean-François Sammarcelli, Bernardo Sanchez Incera and Didier Alix share their vision of Societe Generale's impetus and energy.

>> Employer Barometer for the Group
Last October, 83,000 employees were invited to take part in the first Employer Barometer for Société Générale Group. The results and the next steps. An interview with Frédéric Oudéa, Group CEO.

>> Nouvelle organisation de notre Direction Générale
As Frédéric Oudéa said, “as of the first of January, our Group has, for the five years to come, both the Management team and the financial resources, after the capital increase, to enable it to push ahead with its transformation.” Indeed, he is now aided by three Deputy chief executive officers who will each take charge of the supervision of one of the following portfolios of businesses:

- the French retail banking activities, encompassing the Société Générale and Crédit du Nord networks as well as the Internet banking subsidiary Boursorama, under the supervision of Jean-François Sammarcelli ;

- the international retail banking activities and specialized financial services, under the supervision of Bernardo Sanchez Incera ;

- corporate and investment banking, global investment management and services and the financial, risk and resources divisions, under the supervision of Séverin Cabannes.

>> Société Générale and Dexia complete the Crédit du Nord transaction
On 11 December 2009, Société Générale and Dexia on the terms and conditions of the transaction under which Société Générale buys Dexia's 20% stake in Crédit du Nord for a cash consideration consisting of EUR 645 million for the banking activities of Crédit du Nord and EUR 31 million for Crédit du Nord Group's asset management subsidiary Etoile Gestion. Société Générale now controls 100% of Crédit du Nord.

For Société Générale, this transaction will contribute to strengthen its positioning in retail banking in France, a profitable market which has demonstrated its resilience. This deal will also allow Société Générale to optimize the efficiency of its domestic network, notably through the pooling of resources, while maintaining a multi-branding strategy. As previously indicated, the deal is financed by a part of the proceeds coming from the recent capital increase of EUR 4.8 billion.

• AWARDS

>> Diversity and Corporate Action award
Practical achievements in favour of diversity were rewarded on 9 December in the French Parliament. Societe Generale won the award for action in favour of young people from underprivileged areas, for its "Coup de Pouce pour l'Insertion" project.

>> Financial-i rewards client service
SGSS was named "Securities Services Provider Europe" at Financial-i magazine's Leaders of Innovation Awards

• OUR BUSINESSES
  

>> Satisfaction with the Rolling Stones bank card
The So Music Rolling Stones card was launched on 1 December to coincide with the latest efforts to remaster and reissue the Group's albums. The lips and tongue logo on the card is instantly recognisable around the world. This is an idea opportunity for the Group to set itself apart from the competition and attract new clients.

>> The Premium Review: SG CIB’s main client event
The Premium Review constitutes an excellent opportunity for the bank to position itself as the best intermediate between companies and investors, offering them the best capital raising and investment solutions.

>> The young active population - a market to corner
The 18-29 age group represents around 20% of Société Générale’s client base. In particular, we help 85,000 students finance their studies. A survey by Harris Interactive gave an insight into this key market for the Group.

>> Synergies in action for international trade
The Classe Export trade fair in Lyon is centred on international trade. Representatives from BDDF and BHFM were on the Group’s stand to help clients and future clients.

>> A new name for PRIV
From January 1st 2010, SG Private Banking, a major player in the wealth management industry, becomes Societe Generale Private Banking.

• OUR MARKETS
  

>> Economic outlook 2010
An extract from the Credit Strategy 2010 report published by the Credit Strategy team based in London

• HUMAN RESOURCES
  

>> Société Générale selects 55 student teams for its CITIZEN ACT Business Game
For the 4^th edition of CITIZEN ACT, Société Générale has selected 55 teams from the 181 that registered. This “practical” business game continues tio estavblish its international reputation with the participation of 21 countries, including the United States, Russia, Brazil and China. Two new countries have joined the competition this year: Cameroon and the Ivory Coast. In total, 543 students have  come together to “invent the bank of tomorrow”.

• CSR

>> Climate change: the video presentation of the exhibition
To make staff more aware of the reality of climate change, Societe Generale organised a photographic exhibition in its towers at La Défense.

>> Climate change fortnight and Société Générale
From December 7 to 18, the whole planet had its eyes on Copenhagen, where post-Kyoto negotiations were taking place. The Group accompanied this event with a series of actions highlighting the fight against global warming.

>> Pacte PME: assessment of an economic and citizen commitment
In early December, the "Pacte PME" assessed its first 3 years, under the patronage of Hervé Novelli, Secretary of State for Small and Medium Enterprises. Societe Generale was represented by Françoise Mercadal-Delasalles.

• ARTISTIC SPONSORSHIP
  

>> An event in black
Public relations is a concept that is sometimes vague, with benefits that are difficult to quantify, but nonetheless extremely important for customers and political and social opinion leaders. An example of an event at the Centre Pompidou, in Paris.

>> Mécénat Musical Société Générale is the main sponsor of the 3rd series of PRESTO on France 2 television.
With the renewal of its support for the third season of Presto (30 episodes) which has been broadcast twice a week on France 2 since 6 December 2009, Mécénat Musical Société Générale confirms its conviction that classical music is not limited to a specific public.