Final valuation notice - SGI004 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”) FINAL VALUATION NOTICE Further to the SENS announcement dated 7 July 2016, which contained notice that a Bankruptcy Event occurred with respect of Portugal Telecom International Finance B.V. (“Credit Event”), noteholders are, in respect of the notes referred to in the table below (the “Notes”), and the terms and conditions of the Notes issued by the Issuer, provided with the following information : Issue Date Series Number ISIN code Final Value Cash Cash Redemption Redemption Amount Date 25/01/2016 80467EN/16.1 ZAG000132218 0% ZAR 1,000,000 10/01/2021 This notice constitutes the Final Valuation Notice with respect to this Credit Event. Capitalised terms used but not otherwise defined in this notice shall have the meanings given to them in the Applicable Final Terms as read with the Programme Memorandum 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 we may have under or in connection with the Notes. The Issuer accepts responsibility for the information contained in this Notice. 19 July 2016 Debt Sponsor Questco (Pty) Ltd Date: 19/07/2016 07:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.