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LETTER TO SHAREHOLDERS_96

The share Closing price of a single Societe Generale share at 25/05/2015: €44.54 10/2011 01/2012 04/2012 07/2012 10/2012 01/2013 04/2013 07/2013 10/2013 01/2014 04/2014 07/2014 10/2014 01/2015 04/2015 Societe Generale CAC 40 DJ Stoxx Banks Europe + www.societegenerale.com Analyst ratings 60 50 40 30 20 10 2 | LETTER TO SHAREHOLDERS_JUNE 2015 Bloomberg consensus at 25/05/2015: 49% buy, 46% neutral, 5% sell. Average target price: €46.69. Barclays Neutral 42.00 JP Morgan Overweight 46.00 Morgan Stanley Neutral 45.20 UBS Buy 54.00 CM-CIC Securities Buy 51.00 Kepler Chevreux Buy 48.00 Crédit Suisse Outperform 52.30 Diary 5 August 2015 Publication of the second quarter and the first semester 2015 results 28 September 2015 Meeting with shareholders in Nancy, France 5 November 2015 Publication of the third quarter and nine month 2015 results 12 November 2015 Meeting with shareholders in Cannes, France 20 and 21 November 2015 Actionaria, Paris, France +33 142 145 216 from abroad 0 800 850 820 from landlines in France (free call) www.societegenerale.com Twitter: @SocieteGenerale societegenerale@relations-actionnaires.com Societe Generale DEVL/INV Individual Shareholder Relations 75 886 Paris Cedex 18 GUIDELINES Selection of market opinions and target prices for Societe Generale shares taken from the most recent research.


LETTER TO SHAREHOLDERS_96
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