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

Thu Mar 28, 2013 8:02pm IST

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 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 12th 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 EUR 370 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 12th 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 http://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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