Published on 13/05/2014


- Our ambition: be a leading European universal bank with the most efficient model to serve our clients and grow in a challenging environment - Our strategic priorities for 2014-2016: leverage the full potential of profitable growth of our universal banking model - Main 2016 financial targets: to deliver growth, profitability and solidity . 3% annual revenue growth (2013-2016) . ROE above 10% in 2016 . Common Equity Tier One solvency ratio ≥ 10% and Total Capital ratio ≥ 15% . Group cost income ratio to drop to 62% (from 66% in 2013) . Pay-out ratio: in cash, 40% in 2014 – Target of 50% for 2015-2016 . 2016 EPS: EUR 6

“Going forward, Societe Generale will keep the pace of transformation to reinforce its position as a leading European universal bank well suited to the needs of its clients and in a context of great transition marked by profound economic, regulatory and technological changes. Relying on our solid roots going back 150 years, on our shared culture, we have built an efficient, integrated and clientcentric model. Having already completed the refocusing of the portfolio and the reinforcement of the balance sheet, the Group is now fully ready to deliver profitable growth in the future by taking advantage of its strengths: a balanced business mix with solid retail and corporate & investment banking expertise, high organic growth potential, a focus on client satisfaction and innovation, as well as strong management and Group values. 2014-2016 will be a new phase of development for the bank during which we intend to leverage the full potential of organic growth, synergies and operational efficiency of our model to reach a return on equity above 10% by 2016.”

Frédéric Oudéa, Chairman and Chief Executive Officer