SG ISSUER - Notification of credit event

Notification of credit event

SG Issuer (“the Issuer”)
Incorporated in Luxembourg
JSE Code: SGI004
ISIN : ZAG000132218

Issue of ZAR 40,000,000 Credit Linked Notes due on 10/01/2021
Under the Debt Instruments Issuance Programme
Unconditionally and irrevocably guaranteed by Société Générale (“the Guarantor”)

Notification of Credit Event

Capitalised terms used and not otherwise defined in this announcement have the meaning given to
them in the Applicable Final Terms as read with the Programme Memorandum.

Notice is hereby given to all holders of the SGI CLNS24 (“the Note”) issued in terms of SG Issuer’s
R40,000,000 Programme on 25 January 2016 that a Bankruptcy Credit Event occurred with respect to
“Portugal Telecom International Finance B.V.” (“the Reference Entity”) on 20 June 2016, following the
joint filing on 20 June 2016 by Oi S.A. (“Oi”), the Reference Entity and certain other entities of the Oi
group (together, the “Oi Companies”) with the Court of the State of Rio de Janeiro, requesting judicial
reorganisation (recuperação judicial) (“RJ”) of the Oi Companies pursuant to Article 51 of Federal Law
No. 11,101 dated 9 February 2005, as amended (“Brazilian Bankruptcy Law” or “BBL”) and Article 122
of the Brazilian Corporations Law proceedings.

The Credit Event Determination Date in respect of this Credit Event is 21 June 2016.

This notice also constitutes the Notice of Publicly Available Information with respect to this Credit
Event. Accordingly, we advise that the Publicly Available Information is accessible through the
following link: http://www2.isda.org/news/isda-emea-credit-derivatives-determinations-committee-
portugal-telecom-international-finance-bv-bankruptcy-credit-event

For further information, Noteholders should contact Société Générale as indicated in the Terms and
Conditions or at the office of the Fiscal Agent (specified below).

                                         THE FISCAL AGENT
                               SOCIETE GENERALE BANK & TRUST S.A.
                                    11-13 Avenue Emile Reuter
                                       L-2420 LUXEMBOURG


Nothing in this notice shall be construed as a waiver of any rights under or in connection with the
Notes.

The Issuer accepts responsibility for the information contained in this Notice.
7 July 2016

Debt Sponsor

Questco (Pty) Ltd

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