FOR EUROPEAN DISTRIBUTION ONLY

FOR PROFESSIONAL USE ONLY – NOT FOR RETAIL INVESTORS

SEPTEmBER 2016

SOLUTIONS IN GLOBAL MARKETSCROSS ASSET | INVESTING • HEDGING • FINANCING |

SOcIETE gENERALEGLOBAL MARKETS OFFER

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A TOP-TIER EUROPEAN INSTITUTION WITH GLOBAL REACH

SOCIETE GENERALE GROUP

31 Million CLIENTS

146,000 EmPLOyEES

66 countries WITH OvER 60% Of STAff BASEd OUTSIdE Of mAINLANd fRANCE

Financial rating A STANdARd & POOR’S A fITCH A2 mOOdy’S

€25billion

GROUP NET BANkING INCOmE (fy 2015), +7.2%(1) vS. 2014

€2.35billion NET INCOmE (H1 2016)

financial figures as of 30.06.2016, some figures have been rounded up or down (1)When adjusted for changes in Group structure and at constant exchange rates.

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corPorate & inVestMent banKing (sg cib) A strong counterparty and full service offering

sg cib coVerage

Corporates financial Institutions Public Sector

Banks Insurance Companies

Asset managers Pension funds, Hedge funds

Family Offices, Sovereign Funds

fINANCING & AdvISORy

m&A ANd OTHER AdvISORy CAPITAL RAISING

PLAIN vANILLA & STRUCTUREd fINANCING

RISk mANAGEmENT (HEdGING)

GLOBAL mARkETS

RESEARCH INvESTmENT, HEdGING ANd fINANCING SOLUTIONS

EXECUTION PRImE SERvICESISS

UE

RS

INvE

STO

RS

A TOP-TIER EUROPEAN INSTITUTION WITH GLOBAL REACH

SOCIETE GENERALE GROUP

Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group strives to combine financial solidity with a strategy of sustainable growth. Societe Generale’s teams offer services to individual, corporate and insti-tutional customers in three core businesses:

retail banking in France

international retail banking

Global banking and Investor Solutions, encompassing Corporate & Investment Banking, Private Banking, Asset management and Securities Services

OUR vALUES team spirit, Innovation, responsibility,commitment

OUR AmBITION to be the relationship focused bank, recognized for its expertise, close to its clients and chosen for the quality and commitment of its teams

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global MarKets in nuMbers Integrated global platform Asset classes Primary dealerships years of innovation in global markets Cash & derivatives markets access Countries covered Professionals worldwide

15

1930

125+150+

3000+

Our goal is to be the Solutions House for our clients.

To achieve this, our integrated global markets platform draws from a wide pool of talent and experience, across all asset classes, from cash to derivatives.

Thanks to award winning global research, strong structuring skills, effective execution, and a global prime services platform, we tailor our offering so as to fulfill our clients’ investment, hedging and financing objectives.

We are and always will be committed to global markets for the long term.

frank drouet Head of Global markets

oFFering solutions in global MarKets

GLOBAL mARkETS

5

oFFering solutions in global MarKets

GLOBAL mARkETS

#6 Overall dealer#1 Equity Products -

Overall#7 Interest Rate

Products - Overall#9 forex Products –

Overall

most InnovativeInvestment Bank forEquity derivatives

Commodity derivativesHouse

Structured ProductsHouse of the year

#1 Overall Interdealer Rankings

#1 Overall Rates#1 Overall Equities#1 Overall Credit

#1 Overall Currency

HELPING THEm REACH THEIR OBJECTIvESIN INvESTING, HEdGING ANd fINANCING

serVing a WiDe range oF clients

fROm CASH TO dERIvATIvES ACROSS ASSET CLASSES fROm RESEARCH ANd AdvICE TO EXECUTION ANd PRImE SERvICES

banKs &central

banKsretailsoVereign

& suPrasinsurancecoMPanies

asset Managers

FaMily oFFices

Pension FunDscorPoratesheDge

FunDs

INvESTING From the most simple to the most structured solutions:

Short term investment strategy

Cash equity / bonds

Listed products

Income diversifier

SGI Societe Generale Index

Structured Products

Illiquid assets

fINANCING short term to long term

solutions for cash rich orlong asset clients:

Repurchase agreements

OTC transaction margining

Equity finance

financing / ALm

Prime Brokerage

HEdGING tailored solutions for bothcorporates and Financial

institutions:

fX and Rates exposure

Solutions for regulatory changes

Protection against non standard risks

Asset and liability management

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eQuities & DeriVatiVesA LEAdER IN EQUITy dERIvATIvES

& STRUCTUREd PROdUCTS

GLOBAL mARkETS

With a history of 30 years of innovation, excellence and pioneering equity solutions, societe generale is recognized by the industry as a leader in the equities & derivatives space, offering clients the full spectrum of equity based services.

cash eQuityWe provide our clients with a high level of personalized service and global access to equities, relying on strong research and liquidity sourcing capabilities.

etFsOur liquidity seeking tools provide state of the art market parameters management systems to fulfill your ETFs needs.

listeD ProDuctsWe offer our clients liquid tools for an optimum portfolio management with a wide range of listed products such as warrants, turbos and certificates.

securities FinanceWhether to generate alpha, source financing or synthetically replicate market positions, we serve our clients on single stocks, baskets, indices, bonds and ETfs, offering standard & bespoke solutions.

FloW DeriVatiVesWe offer a unique flow derivatives expertise combined with strong execution capacities. Our clients enjoy our position as a major liquidity provider across European exchanges on volatility and dividends as well as our expertise in delta 1 products.

eXotic DeriVatiVesWe offer our clients the most complete and best in class range of alpha generation, hedging and exotic products.

7

most Innovative Investment Bankfor Equity derivatives

The Banker, 2015

Best Global multi-Asset Prime Brokerage

Hedge fund Journal Awards, 2016

Best Bank, Equity RiskInsuranceRisk, 2015

#1 Equity Products – OverallRisk Institutional Investor Rankings, 2015

eQuities & DeriVatiVesA LEAdER IN EQUITy dERIvATIvES

& STRUCTUREd PROdUCTS

a coMPrehensiVe eQuity oFFering FroM cash eQuities to eXotic DeriVatiVes

GLOBAL mARkETS

PRImE BROkERAGE

CLE

ARIN

G SERvICES

INvESTmENT SOLUTIONS

PRIN

CIP

AL E

XECU

TION

AGEN

Cy &

Warrants / Turbos Certificates ETNs

ListedProducts

dynamic Portfolio Swap Lending and Borrowing Synthetic Repo

Securitiesfinance

delta 1 / vol / Listed / OTC Smart Beta Convertible Bonds

flowderivatives

Alpha Generation Hedging Risk management

Exoticderivatives

macro & Sector Research Quantitative Research Execution Services

Cash Equity

Lyxor ETfs Execution Lending and Borrowing Options

ExchangeTraded funds

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FiXeD incoMe & currenciesA SOLUTIONS & dERIvATIvES

fIXEd INCOmE HOUSE

GLOBAL mARkETS

fROm CASH TO dERIvATIvES: BESPOkE fIXEd INCOmE ANd fOREX

SOLUTIONSWe aim at providing a full set of services to our clients that will support their investment or risk management targets. Thanks to market-leading research, engineering, trading and e-commerce capabilities, our clients benefit from strategic insights, flow information, competitive pricing and seamless execution across rates, credit, fX, and emerging markets. We design solutions for our clients, capitalising on the full spectrum of fixed income and currencies products and services.

CREdITLINkING BORROWERS TO INvESTORS fROmORIGINATION TO dISTRIBUTIONWe service our clients on the full credit spectrum from Investment Grade to High yield and X-Over and on cash as well as indices, options and singe name CdS.

GLOBAL fX & EmERGING mARkETSEUROPEAN mARkET LEAdER WITH EmERGINGmARkET fOCUSOur clients can tap our capacity to execute large fX deals. We also offer a global coverage on all major currencies, and the local access of our global emerging markets platform spanning CEE, Asia, Africa and Brazil.

RATESACCESS TO CASH ANd dERIvATIvESThrough packaged trade ideas or flawless execution, we offer our clients the best of our trading and structuring expertise. Our capabilities span from derivatives to government, agency & supranational securities to covered bonds, inflation-linked products and ETFs.

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FiXeD incoMe & currenciesA SOLUTIONS & dERIvATIvES

fIXEd INCOmE HOUSE

ELECTRONIC TRAdINGHELPING CLIENTS TO EXECUTE IN CASH ANd dERIvATIvESWe give our clients access to a wide range of instruments, technology and liquidity across markets in Rates, Credit and fX, through single and multi-dealer platforms like marketAxes, fxall,TradeWeb among others.

aDVisory

innoVation

coM

MitM

ent

cli

ent

eXec

uti

on

MarKet

eXPertise

CORPORATEACTIvITy

eXecution

Post

Best fX Provider inCentral Eastern Europe,

2011-2016

Best Bank for Corporate fXBalance Sheet Hedging

#2 Corporates Overall#1 Western Europe Overall Corporates

#9 forex Products - Overalldeal of the year:Hedging for sovereign issuer

A dEdICATEd OffER fOR CORPORATE CLIENTSScreening the various markets, trends and regulation, we advise you on the best opportunities and how to access them, keeping in mind Corporate clients specifici-ties and circumstances.We are servicing our clients in 4 main areas: Global market risk advisory fX and Rates hedging Liquidity investment solutions Structured finance hedging

GLOBAL mARkETS

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coMMoDities A COmPLETE COmmOdITIES SOLUTIONS

PROvIdER, fROm dERIvATIvES TO fINANCING

GLOBAL mARkETS

INvESTING HEdGING fINANCING

besPoKe solutions

corPorate clientsWe serve producers, traders, processors and end-users in 3 groups: Energy, metals & mining, and Agribusiness.

Structured transaction capabilities including financing linked to physical commodities. Tailor made Over The Counter hedging strategies. Close collaboration with SG’s Commodities finance teams to offer solutions that combine financing with derivatives for a fully integrated client service.

Financial institutionsWe offer our institutional clients a full range of solutions.

Commodity investment solutions: with a variety of wrappers (ETfs, EmTNs, OTC derivatives) on a wide range of underlying (futures, SG and market indices).

Services: market making, derivatives trading capacity, enhanced execution, research.

eXchange-traDeD DeriVatiVes clearing & eXecution

Extensive coverage: access to over 20 exchanges with all major Energy, metals and Agricultural Commodities markets. Clearing & Execution for Corporates, High Touch Execution for financial Institutions. Agency model.

e-traDing

Leading online platforms providing access to SG liquidity and execution capabilities.

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coMMoDities A COmPLETE COmmOdITIES SOLUTIONS

PROvIdER, fROm dERIvATIvES TO fINANCING

OIL & REfINEdPROdUCTSPRECIOUS

mETALS

LNG

COAL & CARBON

AGRICULTURALS

EUROPEANNATURAL GAS& POWER

BASE mETALS

US NATURALGAS & POWER

A HISTORICAL ANd RENEWEdCOmmITmENT TO COmmOdITIESOur long standing commitment to our clients in the commodities business was recently illustrated by the continuous development of our activities to better serve them thanks to: the full integration of Newedge commodities business the purchase of Barclays financial Base metals portfolio the transfer of Jefferies commodities client portfolio.

A WIdE RANGE Of COmmOdITIES COvEREd

Commodityderivatives House

Innovation of theyear: SG markets

#1 Best Overall dealer#1 Energy dealer

#1 Oil and products dealer#1 Natural gas dealer

#1 Research#1 Base metals – dealer / Broker

#2 Precious metals – dealer#1 WTI – dealer (North America)

#1 Refined products – dealer (North America)

GLOBAL mARkETS

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cross asset solutions mEETING THE SPECIfIC NEEd Of EvERy INdIvIdUAL CLIENT

GLOBAL mARkETS

TAILOR mAdE INvESTmENT SOLUTIONSfor our distributors and institutional clients alike, we deliver a comprehensive range of customized solutions with world-class trading capabilities and a single multi-asset market sales and trading team.

A unique, fully cross-asset approach A track record of tailored innovative solutions Strong risk management capabilities Perennial Best Structured Product House award winner

POWEREd By fINANCIAL ENGINEERINGUnparalleled financial engineering capa-bilities with our team of professionals worldwide dedicated to:

Pricing & development: creating innovative solutions & strategies flow Strategy & Solutions: generating efficient trade ideas based on market trends Cross Structuring: building the most efficient issuance and execution frameworks

Cross-Asset financing: originating, structu-ring and financing credit facilities and other financing structures

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cross asset solutions mEETING THE SPECIfIC NEEd Of EvERy INdIvIdUAL CLIENT

cross asset inVestMent, heDging anD Financing serVices

Structured ProductsHouse of the year

Structured ProductsEurope House of the year

Institutional Structurerof the year

Structured ProductsHouse of the year

GLOBAL mARkETS

client FocuseD besPoKe

solutions

UNdERLyING ASSET(S)

CLIENT OBJECTIvE(S) Wealth Preservation yield Enhancement Risk management Asset & Liability management Cash Extraction

Credit Commodities Currencies Equities Hybrids Hedge funds Indices Interest Rates mutual funds

INvESTING HORIZON

Short-Term (<1y) medium-Term (1 to 5y) Long-Term (5y to 10y) and Above (>10y)

WRAPPERS

OTC Warrants Notes funds Bespoke SPvs Collateralized vehicles Reinsurance contracts Listed products

mARkET EXPECTATION(S)

Bullish Bearish volatile Trendless

CURRENCy

G10 Currencies Emerging Currencies

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CROSSASSET

FINANCING

PORTFOLIOMARGINING

GLOBALEXECUTIONSERVICES

VALUEADDED

SERVICES

CLEARING

FINANCIALENGINEERING

INTERMEDIATION

global PriMebroKerage

Best fCm Overall Best Capital Introduction Service

Best Prime BrokerCapital Introduction

Best Global multi AssetPrime Brokerage

Best European PrimeBroker

PriMe serVicesA GLOBAL PRImE BROkERAGE PROPOSITION

OffERING CROSS-ASSET SOLUTIONSTHROUGH A SINGLE PLATfORm

GLOBAL mARkETS

cross assetsolutions

cross assetresearch

single entryPoint

sMarterliQuiDity

Multi-assetMulti-instruMent

balance sheetstrength

Fully integrateDglobal eXecutioncaPabilities

caPital introDuctionsanD alternatiVe inVestMents consulting

Largest execution and clearing broker of etD’s in the world (12% market share - Source: Societe Generale 2016)1.5 billion contracts cleared in 2015Unrivalled market access to 125+ markets and execution venues5% share of European market share in specials and hard to borrow€33 billion clients assets on deposit globally

award winning capital introductions teamLeading market commentary on hedge fund

performancebroad client base, including more than

1,000 hedge fund strategiesPortfolio cross-margin capabilities based on a proprietary monte-Carlo value-At-Risk model

deep and stable global equity inventory

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sg global research GLOBAL REACH WITH A EUROPEAN fOCUS

GLOBAL mARkETS

global econoMicsOur Economists based in Paris, London, Warsaw, Prague, moscow, New york and Hong kong, provide Economic Scenario, Policy Watch, High frequency data / Event Analysis, and Thematic Research.#1 Global Economics (EXTEL Survey 2015)

global asset allocationThe top ranked team provides cross asset research, such as the flagship Multi Asset Portfolio with a strategic asset allocation of 17 different asset classes at a 12-month outlook to help our clients, as trusted advisors to the largest institutional investors, to optimize the performance and risk profile of their assets through a diversified investment process.#1 Multi Asset Research (EXTEL Survey 2015)

global strategy – sg alternatiVe VieWGlobal strategists provide alternative and independent macro strategic views, and have been ranked #1 since 2008 in the Thomson Extel Survey.#1 Global Strategy (EXTEL Survey 2015)

QuantitatiVe researchThe Quant teams provide top-down and bottom-up research, model and extensive index coverage, and event-orientated trading strategies. They also build models and tailor-made services/products to help our clients in their trading and investment decisions.#2 Quantitative/Database Research (EXTEL Survey 2015)

eQuity grouPOur team of equity analysts cover over 800 stocks and provide bottom-up, idea-driven products. The Equity strategy and Equity derivatives Strategy teams produce regular trade idea recommendations.15 sector teams in the top 10 (EXTEL Survey 2015)

creDit grouPCredit Strategy and Credit Sector teams cover and provide fundamental analysis and trade recom-mendations on debt instruments (Bonds, ABS, CdS and derivatives).#1 Overall Credit Strategy (EXTEL Survey 2015)

coMMoDities grouPA large range of fundamental and strategic research generating models, trading indices and funds thematic ideas.#1 Overall Commodity Research (Energy Risk Commodity Rankings 2016)

#1 Overall macro#1 Global Strategy

#1 multi Asset Research#1 Global Economics

#1 Index Analysis#1 SRI Research

#1 SRI & Sustainability15 sector teams in the

top 10

#1 Overall Credit Strategy#1 Overall Trade Ideas

#1 in Banks#1 in Non-Banks financial

Institutions#1 High yield

#1 TmT

PriMe serVicesA GLOBAL PRImE BROkERAGE PROPOSITION

OffERING CROSS-ASSET SOLUTIONSTHROUGH A SINGLE PLATfORm

societe generale global MarKetsWORkING SIdE By SIdE WITH OUR CLIENTS TO dEfINE THEIR OPTImALGLOBAL mARkETS SOLUTIONS, fROm CASH TO dERIvATIvESLEvERAGING OUR UNIQUE CROSS-ASSET EXPERTISE, INSIGHT ANd REACH

cib.societegenerale.coM

iMPortant inForMationthis coMMunication is eXclusiVely DirecteD anD aVailable to institutional inVestors as DeFineD by the 2004/39/ce DirectiVe on MarKets in Financial instruMents acting For their oWn account anD categoriZeD as eligible counterParties or ProFessional clients. use oF this coMMunication With or by any other Party is ProhibiteD. This document is issued in the U.k. by the London Branch of Societe Generale. Societe Generale is a french credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the french Prudential Control and Resolution Authority) and regulated by the Autorité des marchés financiers (the french financial markets regulator) (Amf). Societe Generale London Branch is authorised by the ECB, the ACPR and the Prudential Regulation Authority (PRA) and subject to limited regulation by the financial Conduct Authority (fCA) and the PRA. details about the extent of our authorization, supervision and regulation by the above mentioned authorities are available from us on request.This document is of a commercial and not of a regulatory nature. The contents of this document are given for purely indicative purposes and have no contractual value. This document does not constitute an offer, or an invitation to make an offer, from Societe Generale to purchase or sell the products.If you are a “U.S. person” (as defined by the U.S. Commodity futures Trading Commission), please visit http://swapdisclosure.sgcib.com for important information with respect to derivative products. By transacting with Societe Generale, you are deemed to acknowledge that you have read and accepted the information provided on the website.authorisation: Societe Generale is a french credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the french Prudential Control and Resolution Authority) and regulated by the Autorité des marchés financiers (the french financial markets regulator) (Amf).Information on data and/or figures drawn from external sources: The accuracy, completeness or relevance of the information which has been drawn from external sources is not guaranteed although it is drawn from sources reasonably believed to be reliable. Subject to any applicable law, Societe Generale shall not assume any liability in this respect.Market information: The market information displayed in this document is based on data at a given moment and may change from time to time.sg research: SG Research is an independent function which has set, in accordance with applicable regulation, effective administrative and organizational arrangements, including information barriers to prevent and avoid conflicts of interest with respect to any investment recommendations or strategies contained in this publication.Disclaimer regarding Prime ServicesThis document is for information purposes only subject to change without notice. This document is issued by Prime Services, a division of Global markets within Société Générale (“SG”). This document is exclusively directed to investors acting for their own account and categorised as eligible counterparties or professional clients as defined by the 2004/39/CE directive on markets in financial instruments. In the US, It is only directed to Institutional Investors (as defined under NASd Rule 2211 of the financial Industry Regulatory Authority, Inc.). Use of this communication with or by any other party is prohibited. The contents of this document are given for purely indicative purposes and have no contractual value. The information herein is not intended to be a recommendation, advice, an offer to buy or sell, or a solicitation of an offer to buy or sell any financial product.SG makes no representation or warranty that the information contained herein is accurate, current, complete, fair or correct or that any transaction is appropriate for any person and it should not be relied on as such. SG accepts no liability for any direct, indirect, incidental or consequential damages or losses arising from the use of this report or its content. This report is not to be construed as providing investment services in any jurisdiction where the provision of such services would be illegal. This document may be sent to you via the Internet. Accordingly, you hereby accept the risks related to the use of this means of communication. In particular, but without limitation, SG shall in no way be liable to you in the event of any network or Internet access disruption or failure, or for any connection timeouts or delays. Société Générale is a french credit institution (bank) that is supervised by the European Central Bank (‘ECB’) and the Autorité de Contrôle Prudentiel et de Résolution (the french Prudential Control and Resolution Authority) (‘ACPR’).NOTICE TO U.S. INvESTORS: This document is intended only for qualified institutional investors under SEC Rule 15(a) 6. Any U.S. person wishing to discuss this document or effect transactions in any security or financial instrument discussed herein should do so with or through SG Americas Securities LLC (“SGAS”). IRS CIRCULAR 230 dISCLOSURE: SG does not provide tax advice. Please note that (i) any discussion of US tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; (iii) you should seek advice based on your particular circumstances from an independent tax advisor. If you are a “U.S. person” (as defined by the U.S. Commodity futures Trading Commission), please visit http://swapdisclosure.sgcib.com for important information with respect to derivative products. By transacting with Societe Generale, you are deemed to acknowledge that you have read and accepted the information provided on the website.NOTICE TO RECIPIENTS IN EmEA: Societe Generale Newedge Uk Limited (“SGNUk”) is a wholly owned subsidiary of Société Générale. SGNUk is authorised and regulated by the financial Conduct Authority. SGNUk does not deal with, or for, Retail Clients (as defined by the 2004/39/EC directive on markets in financial instruments). SGNUk is a Swap dealer registered with the CfTC and NfA. due to international regulations not all financial instruments/services may be available to all clients. you should be aware of and observe any such restrictions when considering a potential investment decision.THE dISTRIBUTION Of THIS dOCUmENT IN CERTAIN JURISdICTIONS mAy BE PROHIBITEd OR RESTRICTEd By LAW ANd PERSONS WITH ACCESS TO THIS dOCUmENT mUST OBSERvE ANy SUCH PROHIBITIONS ANd RESTRICTIONS. By ACCEPTING THIS dOCUmENT yOU AGREE TO BE BOUNd By THE fOREGOING.Copyright: Societe Generale 2016. All rights reserved.

Société Générale Global Banking and Investor Solutions17 cours valmy - 92987 Paris - La défense Cedex

Siège Social : 29 Bd Haussmann, 75009 Paris552 120 222 RCS Paris - APE : 651C - SIRET : 552 120 222 000 13Société anonyme au capital de 1,006,509,557.50 EUR (08/01/2015)

Société Générale est un établissement de crédit (banque) agréé par l’ACPR.