Monthly report, October 2010

• A LA UNE

>> Can companies help change society?

"The barriers are in our heads, but change is in our hands," – with these optimistic words, Christine Lagarde, French Minister of the Economy, opened the Women's Forum which was held in Deauville from 15 to 18 October. "Change: make it happen" was the theme of the sixth edition of the forum, which was strongly action-oriented. After the shock generated by the crisis, the question was how to recreate fairer and more sustainable societies and economies?" The post by Françoise Mercadal-Delasalles, Group Head of Corporate Resources.

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>> Serving society in Serbia

Our subsidiary Societe Generale Srbija, in partnership with the EBRD, is promoting energy efficiency and renewable energy projects. After the 20 million euro facility to satisfy loan demand from Serbian SMEs, Société Générale is continuing to support the economies of countries in Central and Eastern Europe. On 30 September, our subsidiary Societe Generale Srbija (SGS) signed a contract with the EBRD for a 10 million euro credit line for on-lending to Serbian private companies undertaking sustainable energy investments.

>> Verdict in the trial of Jérôme Kerviel

On October 5, the judge presiding the trial of Jérôme Kerviel delivered his verdict. Jérôme Kerviel was found guilty of breach of trust, fraudulent introduction of data into an automated processing system, and forgery and use of forgeries. He has been sentenced to 3 years in prison plus a 2-year suspended sentence, and has been ordered to pay 4.9 billion euros in compensation to Société Générale.

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• OUR BUSINESSES

>> Societe Generale Private Banking teams up with Copal Partners to strengthen Equity Research

Thanks to Copal Partners’ proven track record in Equity Research, Societe Generale Private Banking will double the coverage by its regular publications, broaden its analysis in all regions (Latin America, US, Western and Eastern Europe, Middle East, Africa and Asia) and strengthen its capacities in order to respond to clients' ad-hoc requests on any listed stocks.

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>> Appointment within DSFS

Gianluca Soma is named Head of Société Générale Consumer Finance. He will be supported as Deputy by Gérard Touati. Gianluca will continue to manage the Group's Operational Vehicle Leasing and Fleet Management business (ALD Automotive).

>> Appointment within French retail network

Inès-Claire Mercereau is appointed CEO of Boursorama. Ramon Blanco is appointed Deputy CEO.

• HUMAN RESOURCES

>> The role of women in finance as seen by...

To show its commitment to diversity, Societe Generale has decided to let exemplary female staff have their say via the Group’s various media supports. From September 28, you will therefore be able to discover five portraits of our female managers on societegenerale.com. Having worked their way to the top, they will share their vision of a woman’s role within the company, how to make change happen and some of the hurdles they have encountered along the way, and will also talk about trying to balance life at home and at work.

Find out the films with Inès Mercereau, Jennifer See, Françoise Mercadal-Delasalles and Diony Lebot.

• COMMITMENT

>> Fifteen years of commitment to contemporary art

Throughout 2010, several events are highlighting the Societe Generale Collection’s commitment to contemporary creation with a permanent focus on developing our employees’ knowledge, building the trust of artists and creating a bridge with the art world.

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>> FRANFINANCE, CGI and CRESUS – joining forces to benefit our customers

Fully committed to providing ongoing support for their clients, FRANFINANCE and CGI, Societe Generale group's French specialist consumer credit subsidiaries, have signed a partnership agreement with CRESUS, a network of associations established in 1992, specializing in providing assistance to individuals with excessive or poorly structured debt (www.cresusalsace.org). This innovative venture, in a first trial phase, should allow FRANFINANCE and CGI to increase their support for clients who are showing signs of financial vulnerability.

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