| Paris, 29 August 2012 |
Societe Generale confirms that it is engaged in confidential discussions regarding the potential sale of Societe Generale's stake in Geniki Bank (99.1%) to Piraeus Bank. Although these discussions are at an advanced stage, no decision has yet been made by either party and therefore no investment decision should be made in reliance upon the successful or unsuccessful outcome of these discussions.
Societe Generale will communicate further information regarding the progress of these discussions, if any, in due course.
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.
Around 160,000 employees, based in 77 countries, accompany more than 33 million clients throughout the world on a daily basis. Societe Generale' teams offer advice and services to individual, corporate and institutional customers in three core businesses:
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Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama
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International retail banking, with a presence in Central and Eastern Europe and Russia, in the Mediterranean basin, in Sub-Saharan Africa, in Asia and in the French Overseas Territories
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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 main international socially-responsible investment indices: FTSE4Good, ASPI, DJSI World and DJSI Europe.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com.
