SOCIETE GENERALE SIGNS A FRAMEWORK AGREEMENT WITH VTB TO STRENGHTEN ITS POSITION IN ROSBANK

Societe Generale has signed a framework agreement with VTB Group for the acquisition of VTB Group's 10% stake in Rosbank. Through this acquisition Societe Generale strengthens its commitment to the Russian market, increasing its stake in Rosbank to 92.4%.

In exchange, the agreement includes the sale by Societe Generale Group to VTB Group of certain Russian assets: shares listed on Moscow Exchange as well as some loans and real-estate assets. These operations contribute to Rosbank's ongoing strategic refocusing.

This transaction will have a positive financial impact on Rosbank and limited impact on Societe Generale Core Tier 1 ratio.

The transaction is expected to be completed in Q4 2013.

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.

Societe Generale has been playing a vital role in the economy for 150 years. With more than 154,000 employees, based in 76 countries, we accompany 32 million clients throughout the world on a daily basis. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses:

• Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multichannel financial services on the leading edge of digital innovation;  

• International retail banking, financial services and insurance with a presence in emerging economies and leading specialised businesses;  

• Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.  

Societe Generale is included in the socially-responsible investment indices FTSE4Good and ASPI.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com.

Contact Rosbank, Moscow: Dmitry Grachev, +7 (495) 232 98 47 DVGrachev@rosbank.ru