#1SOCIETE GENERALE GROUP RESULTS 4th QUARTER AND FULL YEAR 2022 RESULTS THE FUTURE IS YOU SOCIETE GENERALE#2DISCLAIMER The financial information on Societe Generale for its fourth quarter and full year 2022 financial results comprises this presentation and a dedicated press release which are available on the website: https://investors.societegenerale.com/en. This presentation contains forward-looking statements relating to the targets and strategies of the Societe Generale Group. These forward- looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of existing prudential regulations. These forward-looking statements have also been developed from scenarios based on a number of economic assumptions in the context of a given competitive and regulatory environment. The Group may be unable to: anticipate all the risks, uncertainties or other factors likely to affect its business and to appraise their potential consequences; evaluate the extent to which the occurrence of a risk or a combination of risks could cause actual results to differ materially from those provided in this document and the related presentation. Therefore, although Societe Generale believes that these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, in particular in the Covid-19 crisis and Ukraine war context, including matters not yet known to it or its management or not currently considered material, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, overall trends in general economic activity and in Societe Generale's markets in particular, regulatory and prudential changes, and the success of Societe Generale's strategic, operating and financial initiatives. More detailed information on the potential risks that could affect Societe Generale's financial results can be found in the section "Risk Factors" in our Universal Registration Document filed with the French Autorité des Marchés Financiers (which is available on https://investors.societegenerale.com/en). Investors are advised to take into account factors of uncertainty and risk likely to impact the operations of the Group when considering the information contained in such forward-looking statements. Other than as required by applicable law, Societe Generale does not undertake any obligation to update or revise any forward- looking information or statements. Unless otherwise specified, the sources for the business rankings and market positions are internal. This presentation includes information pertaining to our markets and our competitive positions therein. Such information is based on market data and our actual revenues in those markets for the relevant periods. We obtained this market information from various third-party sources (publications, surveys and forecasts) and our own internal estimates. We have not independently verified these third-party sources and cannot guarantee their accuracy or completeness and our internal surveys and estimates have not been verified by independent experts or other independent sources. The financial information presented for the financial year ending 31 December 2022 was approved by the Board of Directors on 7 February 2023. It has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. The audit procedures carried out by the Statutory Auditors on the consolidated financial statements are in progress. SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#32022: A YEAR OF INTENSE AND SUCCESSFUL EXECUTION DECISIVE STEPS FORWARD IN OUR STRATEGIC INITIATIVES & EXCELLENT PERFORMANCE OF THE BUSINESSES SOCIETE GENERALE | | Investment in value-creating leaders Successful pursuit of the Group's transformation Rapid adaptation to a disruptive and demanding environment Responsible actor with a proven and reinforced commitment to society Record annual business performance 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#4EXCELLENT BUSINESS PERFORMANCE IN 2022 GROUP NET INCOME EUR 5.6bn (1) in FY 22 EUR 2.0bn reported EUR 1.1bn (1) in Q4 22 EUR 1.2bn reported ROTE 9.6% (1) in FY22 Record revenues Revenues EUR 28.1bn +9.3% (1) vs. FY 21 Record for Financing & Advisory, Global Markets and ALD Strong growth for International Retail Banking and Private Banking Good performance by French retail Gross operating income EUR 10.1bn+18.9% vs. FY21 Financial targets exceeded Cost/income ratio 61.0% in FY22 (2). Cost of risk 28 bps in FY22 Low defaults (17 bps) EUR 3.8bn S1/S2 provision CET 1 13.5%) at end Q4 22 ~420 bps over MDA Distribution policy 2021 share buy-back programme completed 41.7m shares repurchased (~EUR 914m) and cancelled on 1 February 2023 2022 proposed distribution. EUR 1.8bn eq. EUR 2.25 (4)(5) o/w cash dividend per share EUR 1.70 o/w share buy-back eq. EUR 0.55 (i.e. total amount of ~EUR 440m) (1) Underlying data: adjusted for exceptional items (see Supplement), (2) Underlying and excluding the contribution to the Single Resolution Fund, (3) Including IFRS9 phasing, 13.3% fully-loaded, (4) Based on the number of shares outstanding as at 31st December 2022, (5) Subject to usual approvals from the General meeting and the ECB SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#5ACCELERATION OF OUR ENVIRONMENTAL COMMITMENTS Firm progress with our sustainable strategy Reinforcement of our decarbonisation ambitions . Upstream oil & gas: -20% exposure by 2025 and -30% scope 3 emissions by 2030 (vs. 2019) . Power intensity: 125 gCO2/KWh by 2030 (-40% vs. 2019) . New sectorial targets in 2023 in line with NZBA agenda More than EUR 100bn already achieved on the EUR 300bn sustainable finance 2022-2025 target At the forefront of the fast-growing hydrogen economy .Acting as exclusive financial advisor of the largest hydrogen dedicated funds . Supporting industries in their hydrogen strategies across the value chain Leading initiatives in biodiversity and sectorial climate alignment A holistic approach to tackle biodiversity concerns Set new commitments in industrial agriculture and forestry . Reinforce integration of biodiversity in our activities and accompany our clients . Participate actively in coalitions and invest in start-ups act+nature Finance for Biodiversity TN FD ecotree Pledge Driving sectorial initiatives . Founding member of NZBA and working groups for aviation, aluminum and steel Founding signatory of the Sustainable Steel Principles EXTERNAL RECOGNITIONS *Based on public reports as of 8 February 2023 SOCIETE GENERALE MSCI AAA confirmed in 2022 ESG Research Top 5% out of 191 banks S&P Global ESG evaluation 'Strong' Ratings #2 bank worldwide(*) STAINABLE FIR FINANCE GLOBAL AWARDS GRANCE Outstanding leadership in transition 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#6SUPPORT OF POSITIVE LOCAL IMPACT ACROSS GEOGRAPHIES Strengthen positive impact for clients At the heart of the new SG bank in France . A bank deeply rooted in 11 regions with a comprehensive and adapted ESG offer for clients . Deployment of local expert ESG teams Close partner of non-profit organisations and local authorities Ecosystem of partners to accompany our clients in their transition را carbo namR ecovadis Financing local infrastructures across sectors Supporting healthcare across geographies . Financing new hospitals and equipment with most advanced technologies . Improving access to health services and telehealth PHILIPS Healthcare H VAMED HIPPOCRATES HOLDING Driving the sustainable mobility transformation . Facilitating access to transport in underserved territories . Financing widespread deployment of Electric Vehicles and charging infrastructure ALD Automotive HYUNDAI Rotem Allego> Extend our inclusive offer Maintaining a strong responsible relationship with students (#1 distributor of state-guaranteed student loans in France(1)) . Supporting our fragile clients in all geographies . Increasing to EUR 200m microfinance outstandings in Africa by 2025 Leading European bank in telecommunications . Bridging the digital divide in low-density areas Financing technological progress in interconnection open fiber BANQUE des tdf TERRITOIRES eurofiber (1) Partnership with BPI France SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#7BUILDING TOGETHER OUR ESG EXPERTISE AND COMMITMENTS Expert teams Raising awareness with extensive training ESG training offered to 100% staff by end 2024 More than 65% trained at end 2022 Creating a global training programme with a comprehensive range of training and awareness modules Deployment of the Climate Collage awareness workshops throughout the Group Expand expertise Boost Awareness Implementing transformation within the group . ESG objectives for a large scope of managers in 2023 Reinventing business mandates through the Shift programme . A 3-year "ESG by Design" operational programme REGULATION & COMMITMENTS OPERATIONALISE ESG STRATEGY EMBED ESG IN ALL PROCESSES ESG DATA AND REPORTING Embed ESG SHIFT - reinvent business Investing in innovative start-ups . Investment in QARNOT, the French leader in the reuse of heat generated by data centers QARNOT . Partnership with entelligent, a US global climate data analytics provider entelligent® Equity stake in namR, a Green Tech leader providing climate diagnosis of existing buildings namR SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#81. GROUP PERFORMANCE#9STRONG OPERATING PERFORMANCE IN 2022 Gross operating income _Underlying gross operating income (1) (EURm) Positive jaws in 2022 _Change in underlying revenues and costs (1) Cost/income ratio _Underlying cost/income (1) excluding SRF (2) 7,260 8,470 10,068 2019 2021 2022 +9.3% +4.5% Revenues Costs 69.0% 64.4% 61.0% 2019 2021 2022 2023 cost/income ratio (¹) excl. SRF (2) expected between 66% and 68% (1) Underlying data: adjusted for exceptional items (see Supplement), (2) Single Resolution Fund SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#10SOLID QUARTERLY RESULTS Gross operating income _Underlying gross operating income(1)(EURM) Positive jaws in Q4 _Change in underlying revenues and costs (1) 1,618 1,520 2,167 1,886 Q4 19 Q420 Q421 Q422 +5.9% +2.2% Revenues Costs Cost/income ratio _Underlying cost/income (1) excluding SRF (2) 72.4% 71.9% 65.9% 65.4% Q419 Q420 Q421 Q422 Q4 22 reported Group net result of EUR 1.2bn (1) Underlying data: adjusted for exceptional items (see Supplement), (2) Single Resolution Fund SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 10#112022 COST OF RISK BELOW GUIDANCE _Cost of risk (1) (in bp) GROUP FRENCH RETAIL BANKING 2021 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 2022 NON-PERFORMING LOANS RATIO (2) 39 DEC 18 DEC 19 DEC 20 DEC 21 DEC 22 13 31 28 28 6 15 3.4% 3.3% 3.1% 2.9% LO 5 32 35 20 -3 8 3 200 2.8% INTERNATIONAL RETAIL 92 BANKING AND FINANCIAL 38 28 28 47 SERVICES ● 40 52 40 45 GLOBAL BANKING AND INVESTOR SOLUTIONS 4 1 16 17 16 23 Gross coverage ratio (3): 48% at end December 22 (Before netting of guarantees and collateral) 2023 Cost of risk expected between 30 and 35 bps (1) Calculated based on Gross loans outstanding at the beginning of period (annualised), (2) According to new EBA methodology published on 16 July 2019. The NPL rate calculation was modified in order to exclude the net accounting value of the tangible assets for operating lease from the gross exposure in the denominator. Historical data restated (see Supplement), (3) Ratio of S3 provisions to gross book value of NPL before netting of guarantees and collateral SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#12CONTINUED PRUDENT PROVISIONING Contained cost of risk _Cost of risk (in EURm) 1,647 (28 bps) High level of S1/S2 total provisions _Total S1/S2 provisions (¹) (in EURm) 3,622 3,769 3,355 689 (54 bps) 700 677 (13 bps) 2,282 2,379 2,503 1,987 413 371 1,231 (28 bps) 367 (29 bps) 86 949 970 59 (6 bps) 346 1,051 1,243 1,368 1,266 312 322 218 -132 -249 Q4 19 Q4 20 Q421 Q422 2021 2022 31.12.19 31.12.20 31.12.21 31.12.22 Stage 1/Stage 2 Stage 3 (1) Quarterly variation of provisions for S1/S2 is not strictly matching the net S1/S2 cost of risk mainly due to FX impact SOCIETE GENERALE Stage 1 Stage 2 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 12#13RUSSIAN OFFSHORE EXPOSURE DOWN BY ~-45% IN 2022 Portfolio managed in run-off mode since end February _Evolution of exposure at default (EURbn) Exposure mainly composed of secured transactions _Exposure at default by sectors at 31 December 22 3.2 2.8 2.6 1.8 Reduced EAD at EUR 1.8bn as of 31 December 2022 31 Dec. 21 31 Mar. 22 30 Jun. 22 31 Dec. 22 Repayment flows consistent with contractual amortization terms Best estimate to date of the net Exposure at Risk < EUR 0.6bn (1) Others Transport & logistics 5% 6% Chemicals 23% Telecoms 7% EUR 1.8bn 18% Metallurgy and steel industry 22% Metals & Mining 19% Oil & Gaz Total provisions on offshore exposure at EUR 427m as of 31 December 2022 Residual EAD to Rosbank < EUR 0.1bn . Mainly letters of credit and performance guarantees _Corporate gross exposure by type at 31 December 22 Term Loan 25% 25% ECA-backed Trade finance 5% (1) Excluding replacement risk and before provisions SOCIETE GENERALE 45% Pre-export Finance 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 13#14CET 1 WELL ABOVE MDA CET 1 of 13.5% (1) ~420 bps over MDA (9.35%) Solid balance sheet Leverage ratio at 4.4% TLAC ratio at 33.7% Balance sheet meeting MREL requirements IFRS 9 phasing ~60% of 2023 funding programme completed _Q4 22 change in CET 1 (1) ratio (in bp) +45bps 13.1% +15 bps -3bps +1bps 13.5% +17 bps 30.09.22(1) Organic capital generation (2) OCI Other 31.12.22 (1) IFRS 9 phasing 2025 TARGET 12% CET 1 under Basel IV (1) Including IFRS 9 phasing, i.e. 13.3% fully loaded in Q4 22. Based on CRR2/CRD5 rules, including the Danish compromise for Insurance (see Methodology), (2) Based on the 2022 proposed distribution subject to usual approvals of the General meeting and the ECB SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 14#15GROUP RESULTS In EURM Net banking income Q422 Q421 Change 2022 2021 Change 6,885 6,620 +4.0% +6.2%* 28,059 25,798 +8.8% +9.7%* Underlying net banking income (¹) 6,885 6,503 +5.9% +8.1%* 28,059 25,681 +9.3% +10.2%* Operating expenses (4,610) (4,565) +1.0% +3.3%* (18,630) (17,590) +5.9% +7.5%* Underlying operating expenses (1) (4,718) (4,617) +2.2% +4.5%* (17,991) (17,211) +4.5% +6.1%* Gross operating income 2,275 2,055 +10.7% +12.5%* 9,429 8,208 +14.9% +14.4%* Underlying gross operating income (1) 2,167 1,886 +14.9% +16.9%* 10,068 8,470 +18.9% +18.4%* Net cost of risk (413) (86) x4.8 X6.3* (1,647) (700) x2.4 +93.0%* Operating income 1,862 1,969 -5.4% -4.7%* 7,782 7,508 +3.6% +5.3%* Underlying operating income (1) 1,754 1,800 -2.6% -1.7%* 8,421 7,770 +8.4% +10.1%* Net profits or losses from other assets (4) 449 n/s n/s (3,290) 635 n/s n/s Income tax (484) (311) +55.5% +55.5%* (1,560) (1,697) -8.1% -5.8%* Net income 1,381 1,995 -30.8% -30.2%* 2,947 6,338 -53.5% -53.2%* O.w. non-controlling interests 221 208 +6.3% +7.6%* 929 697 +33.3% +32.3%* Reported Group net income 1,160 1,787 -35.1% -34.5%* 2,018 5,641 -64.2% -64.0%* Underlying Group net income (¹) 1,126 1,226 -8.1% -7.2%* 5,616 5,264 +6.7% +7.9%* ROE 6.9% 12.1% 2.6% 9.6% ROTE 7.8% 16.6% 2.9% 11.7% Underlying ROTE (1) 7.6% 9.2% 9.6% 10.2% (1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement) *when adjusted for changes in Group structure and at constant exchange rates SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 15#162. BUSINESS PERFORMANCE#17FRENCH RETAIL: STRATEGIC ROADMAP WELL ON TRACK Strategic priorities Main achievements BUILDING A LEADING BANK 1 IN THE FRENCH MARKET SERVING 10 MILLION CLIENTS DEVELOPING 2 FURTHER PRIVATE BANKING POSITIONING BOURSORAMA 3 | AS THE LEADER IN ONLINE BANKING SOCIETE GENERALE . Timely delivery of all announced milestones for the French networks merger . Target operating model largely deployed . Alongside a solid commercial performance with an increase of clients in core segments and growth of fee-based revenues (+8% vs. 2019) . Rollout the Private Banking know-how to a broader mass-affluent client base . Successful outsourcing of the SGPB Swiss back-office and IT operations to Azqore Record commercial performance . Record organic annual client acquisition . Successful onboarding of ING clients . Sizeable player with more than EUR 50bn Assets under Administration (+37% vs. 2021) 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#18SG: A NEW FRENCH RETAIL BANK Focus on execution Roadmap on schedule SIGNATURE OF THE EMPLOYMENT AGREEMENT & CREATION OF THE NEW BRAND SG 2022 1 Jan. 2023 LEGAL MERGER Q12023 BEGINNING OF EMPLOYEE MOBILITY AND VOLUNTARY DEPARTURES Q1 2023 START OF RE-BRANDING OF BRANCHES H12023 TWO IT MIGRATIONS Q22023 START OF BRANCH MERGERS 巨 Timely implementation of set milestones . Legal merger effective since 1 Jan. 23 as planned . Launch of the new SG Bank Timely deployment of the new bank model for clients. Establishing a bank with a stronger regional footprint and proximity . Strengthening value proposition for affluent clients and professionals . Leveraging on expertise of an international group for corporates Be a responsible bank with CSR at the heart of the model Maintain commercial momentum as in 2022 . Keep strengthening client base on core segments . Further develop fee-based products in asset gathering and insurance 2025 TARGETS TOP 3 in client satisfaction in our core segments, 10% RONE in French Networks & Private Bank SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#19FRENCH NETWORKS AND PRIVATE BANKING +1.6% -2.6% Stable AV. LOANS OUTSTANDING (1) vs. Q4 21 AV. DEPOSITS OUTSTANDING(1) vs. Q4 21 AV. LIFE INSURANCE OUTSTANDINGS (2) vs. Q3 22 _Av. Loans (1) (EURbn) 210 213 Q4 21 Q4 22 Corporates & professionnals Individuals Stable AV. GLOBAL PRIVATE BANKING AUM (3) vs. Q3 22 Av. Deposits (1) (EURbn) Av. Life insurance outstandings (2) (EURbn) Av. Private Banking AuM (3) (EURbn) 241 235 146 147 Corporate loans outstanding +2% vs. Q4 21 Q4 21 Q4 22 Continuous selective approach in home loan production, resilient outstandings at +1% vs. Q4 21 Growth in retail deposits, decrease in corporate sight deposits notably due to a shift towards in-house treasury products 109 109 32% 32% ■Unit-linked Q3 22 Q4 22 ■ Euro Funds Q3 22 Q4 22 Life insurance (2) gross inflows of EUR 1.8bn in Q4 22 with high proportion of unit-linked (33%) Resilient AuM in Private Banking (3) in Q4 22, asset gathering pace of +4% in 2022 vs. end of 2021 (4) Increase in both P&C premia (+4% vs. Q4 21) and Personal protection (+3% vs. Q4 21) (1) French Networks, (2) Total life insurance outstandings following the integration of the Private Banking in Q1 22, (3) Private Banking as per Q1 22 restatement (France and International), includes other businesses transferred following the disposal of Lyxor, (4) Asset gathering pace is Net New Money divided by AuM SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#20BOURSORAMA +49% +41% +14% NEW CLIENT ONBOARDING vs. Q4 21 TOTAL CLIENTS vs. end of Dec. 21 AV. LOANS OUTSTANDING vs. Q4 21 _New client onboarding ('000) _Total number of clients (m) _Av. Loans (EURbn) >5.5 4.7 396 3.3 266 Q4 21 Q4 22 +43% AV. DEPOSITS OUTSTANDING vs. Q4 21 Av. Deposits and financial savings (EURbn) 49 49 35 16 14 Consumer loans ■Home loans Q4 21 Q4 22 End 2023 Q4 21 Q4 22 Q4 21 Q4 22 Financial savings (1) ■Deposits Annual and quarterly client acquisition records, +1.4m in 2022: . Strong organic client acquisition . Successful integration of ING clients Decrease in acquisition cost per client, down by ~-20% vs. 2021 Solid dynamic in deposits (+EUR 9bn in 2022, x2.2 vs. 2021), boosted by both organic growth and ING clients onboarding Positive organic net inflows in life insurance (2) in 2022 with confirmed high quality mix (62% of unit-linked shares) Continuous strong momentum in day-to-day banking flows +44% vs. Q4 21 (1) Life Insurance, Mutual Funds and Securities, (2) Excluding outstanding transferred from ING clients SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 20#21FRENCH RETAIL BANKING RESULTS Q422 Q421 Change 2022 2021 Change Net banking income 2,219 2,221 -0.1% 8,839 8,489 +4.1% Net banking income excl. PEL/CEL 2,174 2,200 -1.2% 8,647 8,450 +2.3% Operating expenses (1,717) (1,688) +1.7% (6,473) (6,248) +3.6% Underlying operating expenses (1) (1,773) (1,731) +2.4% (6,473) (6,248) +3.6% Gross operating income 502 533 -5.8% 2,366 2,241 +5.6% Underlying gross operating income (1) 446 490 -9.0% 2,366 2,241 +5.6% Net cost of risk (219) 20 n/s (483) (125) x 3.9 Operating income 283 553 -48.8% 1,883 2,116 -11.0% Net profits or losses from other assets 51 21 x2.4 57 23 x 2.5 Reported Group net income 250 414 -39.6% 1,445 1,550 -6.8% Underlying Group net income (1) 208 383 -45.6% 1,445 1,550 -6.8% 7.9% 14.0% 11.6% 12.9% 6.6% 12.9% 11.6% 12.9% Revenues Stable vs. Q4 21 Net interest margin and other -1.8% vs. Q4 21 impacted by regulated saving rates and usury rate lag, partially compensated by TLTRO bonification Fees +1.9% vs. Q4 21 +5% in French networks driven by robust level of both service and financial fees Operating expenses +2.4% (1) vs. Q4 21 -0.7% (1) excl. the provision for exceptional compensation to employees as agreed with employee representatives In EURM RONE Underlying RONE(¹) 2022 RONE 11.6% (1) (13.4% (¹) excl. Boursorama) (1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement) including PEL/CEL NB: including Private Banking activities as per Q1 22 restatement (France and International), includes other businesses transferred following the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#22IBFS: REINFORCED LEADING POSITIONS IN 2022 Strategic priorities Main achievements 1 STRENGTHENING LEADERSHIP IN SELECTED MARKETS 2 ENHANCING BANCASSURANCE MODEL . Best bank in Czech Republic, Best foreign investment bank in Africa & Africa's best bank for sustainable finance . Delivering profitable growth in our geographies . Higher market shares in life insurance notably in France . Increased penetration rate in personal protection and property & casualty 3 CREATING THE LEADING GLOBAL SUSTAINABLE MOBILITY PLAYER . Main regulatory approvals obtained and success of ALD's rights issue in Dec. 2022 Preparatory work for the integration with a target closing date in Q1 23 . New partnerships - notably ALD with Mitsubishi HC Capital Inc. in Thailand & CGI-Hyundai JV 4 IMPROVING CLIENT EXPERIENCE AND EFFICIENCY Accelerated digitalisation - KB new digital bank, BRD app >1m users . Ongoing transformation - BRD 2025, SG Maroc (Jossour 25), sub-Saharan African platform SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 22#23CREATION OF THE LEADING GLOBAL PLAYER IN MOBILITY Acquisition process progressing well Jan. 2022 MOU SIGNING Apr. 2022 END OF WORKS COUNCIL CONSULTATIONS AND SIGNING OF THE FRAMEWORK AGREEMENT Nov.2022 Dec.2022 Q1 2023 2023-2024 MAIN APPROVALS RECEIVED FROM COMPETITION AND REGULATORY AUTHORITIES I SUCCESSFUL COMPLETION OF ALD RIGHTS ISSUE TARGET CLOSING DATE OF THE TRANSACTION INTEGRATION PROCESS Embracing the mobility megatrends ea Growth Ideally positioned to capture the sector's strong megatrends Size Leveraging on scale and complementary capabilities to strengthen competitiveness Sustainability Leading the way to net zero emissions Digital Combining investment firepower with deep talent pools to provide superior customer experience and processes TARGETS +70 to +80bps Group ROTE uplift(1) >+6.0% annual fleet growth post integration (1) Computed based on 2024 net income group share post AT1 cost consensus estimate (Factset end 2021), including fully phased run rate synergies and excluding restructuring costs, divided by average tangible shareholders' equity SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 23#24INTERNATIONAL RETAIL BANKING EUROPE +5%* Stable* AFRICA AND OTHERS +7%* +6%* LOANS OUTSTANDING vs. end of Dec.21 DEPOSITS OUTSTANDING vs. end of Dec.21 LOANS OUTSTANDING vs. end of Dec.21 DEPOSITS OUTSTANDING vs. end of Dec.21 _Revenues (EURM) +7%* 761 695 _Revenues (EURM) 453 +10%* 519 Q4 21 Q4 22 Sustained loan growth across client segments, with good dynamics notably in Czech corporate business (+11%* vs. Q4 21) Good deposit collection in Romania, decrease in Czech Republic notably due to a shift towards fee-based financial savings Strong increase in net interest margin (+9%* vs. Q4 21), supported by high rates in Czech Republic and Romania *When adjusted for changes in Group structure and at constant exchange rates SOCIETE GENERALE Q4 21 Solid business activity confirmed in Q4 22: Q4 22 . Corporate loans growth (+9%* vs. Q4 21) in both Mediterranean Basin and sub-Saharian Africa Upward deposits across all regions and segments High revenue performance, with both strong net interest margin (+9%* vs. Q4 21) and commissions (+10%* vs. Q4 21) 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 24#25INSURANCE AND FINANCIAL SERVICES INSURANCE +1.1bn POSITIVE NET INFLOWS IN LIFE INSURANCE IN 2022 (EUR) _Revenues (EURM) +5%* PROTECTION PREMIUM vs. Q4 21 FINANCIAL SERVICES +3.1% FUNDED FLEET GROWTH (1) vs. end of Dec. 21 _Revenues (EURM) +2%* EQUIPMENT FINANCE NET OUTSTANDING vs. Q4 21 243 Q4 21 +11%* 263 Q4 22 +38%* 826 605 Q4 21 Q4 22 Positive annual net inflows in life insurance with a high contribution of unit-linked products Life insurance outstandings at EUR 132bn as of Dec. 22, with a high unit-linked share (36%) Sustained performance in P&C premia across regions and throughout the year (+8% both vs. Q4 21 and 2021) Continued strong momentum at ALD: . Total ALD contracts (1): 1.8m as of end of Dec. 22 . Strong NBI growth (+45%* vs. Q4 21, +43%* vs. 2021) driven by positive commercial dynamics, still strong used car sales results (EUR 2,846 per unit in 2022) and reduction in depreciation costs, in line with current higher car values (1) Excluding 57k contracts in Russia, Belarus, and remedies agreed with antitrust authorities (Portugal, Ireland and Norway except NF Fleet Norway) * When adjusted for changes in Group structure and at constant exchange rates (excluding activities sold in Russia) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 25#26INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES RESULTS Revenues +17.4%* vs. Q4 21 International Retail Banking revenues +8.3%* vs. Q4 21 Insurance and Financial Services revenues +30.1%* vs. Q4 21 Operating expenses +11.3%*(1) vs. Q4 21 including ALD costs for the preparation of the integration of LeasePlan In EURM Net banking income Change Operating expenses Underlying operating expenses (¹) Gross operating income Underlying gross operating income (1) 1,238 Net cost of risk (133) Operating income 1,136 975 Net profits or losses from other assets (1) 8 Reported Group net income 658 584 Underlying Group net income (¹) 640 570 Q422 Q421 2,369 2,159 +9.7% +17.4%* 9,122 8,117 +12.4% +17.9%* (1,100) (1,088) +1.1% +10.9%* (4,334) (4,203) +3.1% +10.0%* (1,131) (1,112) +1.7% +11.3%* (4,334) (4,203) +3.1% +10.0%* 1,269 1,071 +18.5% +23.4%* 4,788 1,047 +18.3% +23.3%* 4,788 (96) +38.5% +68.3%* (705) +16.5% +19.7%* 4,083 n/s n/s +12.7% +16.1%* 2,376 +12.3% +15.7%* 2,376 2022 2021 Change 3,914 +22.3% +26.0%* 11 3,914 +22.3% +26.0%* (504) +39.9% +7.6%* 3,410 +19.7% +29.9%* 18 -38.9% -36.8%* 2,082 +14.1% +25.6%* 2,082 +14.1% +25.6%* RONE 25.0% 22.2% 22.4% 20.3% Underlying RONE (1) 24.3% 21.7% 22.4% 20.3% 2022 RONE 22.4% (1) (1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement) * When adjusted for changes in Group structure and at constant exchange rates (excluding activities sold in Russia) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 26#27GBIS: DELIVERING SUSTAINABLE VALUE CREATION Strategic priorities Main achievements REBALANCING 1 THE BUSINESS MIX LOWERING 2 3 4 5 THE BREAK-EVEN POINT REDUCING THE IDIOSYNCRATIC RISK PROFILE GROWING ESG BY DESIGN BUSINESSES EXPANDING DIGITALISATION . Prospective JV to create Bernstein, a global leader in research and cash equities . Superior high quality growth of Financing & Advisory businesses . Strong growth across all businesses with strong positive jaws .-5.1pp of C/I ratio at 65.8% vs. 2021 (-6.7pp excluding SRF at 59.6%) Strategic risk diversification combined with low market risk appetite . Efficient market volatility management and run-off of the off-shore Russian exposure . Best Investment Bank for Sustainable Finance (Global Finance Best IB Awards 2022) .Best House ESG (SRP (1) Europe Awards 2022) . More than 51k users (~+10% vs. 2021) of the one-stop-shop SG Markets platform SG FORGE, world leader by number of blockchain-native security token transactions (1) SRP is a part of Delinian Group (formerly Euromoney Institutional Investor PLC) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#28BERNSTEIN: CREATING A GLOBAL LEADER IN CASH EQUITIES A well-matched partnership Cash equity & equity research revenue split by region Cash equity & equity research revenue split by product Enhancing our value proposition for both issuers & investors Bring scale and global reach SOCIETE BERNSTEIN GENERALE RESEARCH Americas EMEA Asia COMBINED SOCIETE GENERALE BERNSTEIN RESEARCH High Touch Low Touch COMBINED Unbundled Advisory طهرة Get access to ~1,000 additional institutional investors Extend and reinforce ECM expertise and footprint AMERICAS EUROPE ASIA COMBINED Enhance client experience and strategic dialogue Total ~310 ~530 ~190 Stocks covered 1,000+ Build upon a large suite of execution services TARGETS +15 to +20bps Group ROTE uplift (1) (1) Impact of expected target incremental net income in 2028, based on Societe Generale's 51% stake in the joint venture and including all synergies, on profitability (ROTE) estimated by the analysts' consensus in 2026 (Visible Alpha at 24/10/2022), calculated on the average tangible equity of the consensus adjusted for the capital impact of the contemplated transaction at the closing date SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 28#29GLOBAL MARKETS AND INVESTOR SERVICES REVENUES: +19% vs. Q4 21 Q422 Global Markets revenues (EURM) 2022 Global Markets revenues (EURM) 5,859 5,003 1,222 1,131 1,099 4,496 2,565 FIC 1,856 370 577 494 1,994 ■ Equities 3,147 3,294 729 637 645 2,502 Q4 19 Q421 Q422 2019 2021 2022 (1) At comparable business model in the post GFC regulatory regime SOCIETE GENERALE GLOBAL MARKETS REVENUES +11% vs. Q4 21 Record year (1) Strong client activity in a volatile environment, especially in rates EQUITIES -12% vs. Q4 21 Good client activity and performance, down vs. a very strong Q4 21 Excellent performance on a yearly basis with strong risk management in a contrasted environment FIC +56% vs. Q4 21 Best year on record (1) Outstanding performance across all asset classes throughout the year, thanks to strong momentum in commercial activity and rates volatility SECURITIES SERVICES +75% vs. Q4 21 Solid performance on the back of higher rates and good resilience in fees Positive impact from the revaluation of our holding in Euroclear (EUR 91m in Q4 22) 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#30FINANCING AND ADVISORY REVENUES: +17% vs. Q4 21 Q422 F&A revenues (EURm) 643 820 956 2022 F&A revenues (EURm) 3,374 GLOBAL BANKING AND ADVISORY +6% vs. Q4 21 2,929 2,547 Record year thanks to a strong momentum in Asset Finance, Natural Resources and Asset Backed-Products combined with strong risk management performance Investment Banking still negatively impacted by the market backdrop GLOBAL TRANSACTION & PAYMENT SERVICES +68% vs. Q4 21 Record quarter and year with double-digit growth in all activities and geographies Outstanding commercial performance and favorable impact of higher interest rates Q4 19 Q421 Q422 2019 2021 2022 SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 30#31GLOBAL BANKING AND INVESTOR SOLUTIONS RESULTS Revenues +14.2% vs. Q4 21 Operating expenses +4.8% vs. Q4 21 C/I ratio (¹) excl. SRF (2) 61.1% in Q4 22 In EURM Net banking income Q422 Q421 Variation 2022 2021 Variation 2,452 2,147 Operating expenses (1,469) (1,402) Underlying operating expenses (1) (1,654) (1,523) +14.2% +14.7%* +4.8% +5.4%* (6,634) +8.6% 10,082 8,818 +14.3% +12.9%* (6,250) +6.1% +6.2%* +9.2%* (6,634) (6,250) +6.1% +6.2%* Gross operating income 983 745 +31.9% +32.2%* 3,448 2,568 +34.3% +28.8%* Underlying gross operating income (1) 798 624 +27.8% +28.2%* 3,448 2,568 +34.3% +28.8%* Net cost of risk (78) x 26.0 x 102.8* (421) (65) x 6.5 x 6.1* Operating income 905 742 +22.0% +21.9%* 3,027 2,503 +20.9% +16.0%* Reported Group net income 754 621 +21.4% +21.4%* 2,427 2,018 +20.3% +15.6%* Underlying Group net income (1) 611 528 +15.8% +15.7%* 2,427 2,018 +20.3% +15.6%* RONE 19.1% 16.8% 16.3% 14.4% Underlying RONE (¹) 15.5% 14.3% 16.3% 14.4% 2022 RONE 16.3% (1) (19.5% (1) excl. SRF (2)) (1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement), (2) Single Resolution Fund * When adjusted for changes in Group structure and at constant exchange rates NB: excluding Private Banking activities as per Q1 22 restatement (France and International). Excludes other businesses transferred following the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#32CORPORATE CENTRE Revenues Q4 22 revenues impacted by changes in fair value of the instruments used to hedge the equity stakes in subsidiaries Base effect vs. Q4 21 mainly due to the revaluation of one asset (EUR 117m) Operating expenses EUR -177m (2) transformation charges in Q4 22 EUR -639m (3) transformation charges in 2022 Other items Base effect vs. Q4 21 mainly due to capital gain on Lyxor sale (EUR 439m) Impact of the disposal of the Russian activities in 2022 (EUR -3.3bn) In EURM Q422 Q421 2022 2021 Net banking income (155) 93 16 374 Underlying net banking income(¹) (155) (24) 16 257 Operating expenses (324) (387) (1,189) (889) Underlying operating expenses(¹) (160) (251) (550) (510) Gross operating income (479) (294) (1,173) (515) Underlying gross operating income (¹) (315) (275) (534) (253) Net cost of risk 17 (7) (38) (6) (60) 429 (3,364) 603 31 193 516 187 Reported Group net income Underlying Group net income (¹) (502) 168 (4,230) (9) (333) (255) (633) (386) Net profits or losses from other assets Income tax (1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement), (2) Q4 22 transformation charges: French Retail Banking (EUR 69m), Global Banking and Investor Solutions (EUR 54m) and Corporate Center (EUR 54m), (3) 2022 transformation charges: French Retail Banking (EUR 370m), Global Banking and Investor Solutions (EUR 117m) and Corporate Center (EUR 152m) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#333. CONCLUSION#342022: VALUE CREATION FOR SHAREHOLDERS _Group net income (1) (in EURm) _Earning per share in EUR as of Dec. 31st 2022 (1) _Tangible net asset per share as of Dec. 31st 2022 (in EUR) (2) _Net asset per share as of Dec. 31st 2022 (in EUR) (2) 4,061 5,264 5,616 4.03 62.3 70.5 6.10 61.1 68.7 5.52 55.6 63.7 2019 2021 2022 2019 2021 2022 2019 2021 2022 2019 2021 2022 2022 proposed distribution of eq. EUR 2.25 per share(3)(4) o/w cash dividend EUR 1.70 o/w share buy-backs eq. EUR 0.55 (i.e. total amount of ~EUR 440m) (1) Underlying data: adjusted for exceptional items (see Supplement), the number of shares considered is the average number of ordinary shares of the period, excluding treasury shares and buybacks, but including the trading shares held by the Group, (2) The number of shares considered is the number of ordinary shares outstanding at end of period, excluding treasury shares and buybacks, but including the trading shares held by the Group (expressed in thousand of shares). In accordance with IAS 33, historical data per share prior to the date of detachment of a preferential subscription right are restated by the adjustment coefficient for the transaction (see Methodology), (3) Based on the number of shares outstanding as at 31st December 2022, (4) Subject to usual approvals from the General meeting and the ECB SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#354. SUPPLEMENT#36MAPPING OF EXTRA-FINANCIAL RATINGS AGENCIES MOODY'S ESG MSCI ESG Research Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA ISS ESG‣ BEST 69 100 60 60 AAA AA SCORE WORST POSITION VERSUS PEERS 50 50 30 0 A BBB BB B CCC 100 60 57 54 79 A+ C+ C О 10 SUSTAINALYTICS negligible low 2820.1 medium 30 40 high 30 C- D+ D severe Note: Number of companies in each agency universe: MSCI 191 banks; S&P CSA 448 banks; Sustainalytics 415 banks; Moody's ESG Solutions 4,882 companies; ISS ESG 285 banks SOCIETE GENERALE O TOP 1% ALL COMPANIES WORLDWIDE TOP 5% BANKS WORLDWIDE TOP DECILE BANKS WORLDWIDE TOP DECILE BANKS WORLDWIDE 80+ TOP 14% BANKS WORLDWIDE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 36#37LEADING THE ENERGY TRANSITION WITH FLAGSHIP TARGETS Decarbonising our portfolios Engaging our businesses BEST-IN-CLASS SECTOR POLICIES SETTING STANDARDS UPSTREAM OIL AND GAS Reduce exposure by 20% by 2025 vs. 2019 Reduce scope 3 absolute carbon emissions by -30% by 2030 vs. 2019 COAL Reduce to zero our exposure to thermal coal in 2030 in EU and OECD countries, and 2040 elsewhere EUR 300bn To support sustainable finance 2022-2025 CLIENT-FOCUSED VEHICLE LEASING COMPETITIVE EDGE Reduce the carbon intensity of ALD Automotive deliveries by 40% by 2025 vs. 2019 B POWER Carbon emission intensity target at 125 gCO2/kWh by 2030 (-40% vs. 2019) ALD Automotive 30% Electric Vehicles in ALD deliveries by 2025 INSURANCE X2 green AUM by 2025 vs. 2020 Aligning credit portfolios with trajectories compatible with a 1.5°C scenario SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#38GROUP QUARTERLY INCOME STATEMENT BY CORE BUSINESS International Retail Banking French Retail Banking and Financial Services Global Banking and Investor Solutions Corporate Centre Group In EURm Q422 Q4 21 Q422 Q421 Q422 Q421 Q422 Q421 Q422 Q421 Net banking income 2,219 2,221 2,369 2,159 2,452 2,147 (155) 93 6,885 6,620 Operating expenses (1,717) (1,688) (1,100) (1,088) (1,469) (1,402) (324) (387) (4,610) (4,565) Gross operating income 502 533 1,269 1,071 983 745 (479) (294) 2,275 2,055 Net cost of risk (219) 20 (133) (96) (78) (3) 17 (7) (413) (86) Operating income 283 553 1,136 975 905 742 (462) (301) 1,862 1,969 Net income from companies accounted for by the equity method 4 0 2 0 2 1 (1) 1 7 2 Net profits or losses from other assets 51 21 (1) 8 6 (9) (60) 429 (4) 449 Impairment losses on goodwill 0 0 0 0 0 0 0 (114) 0 (114) Income tax Non controlling Interests Group net income Average allocated capital** Group ROE (after tax) (88) (159) (274) (238) (153) (107) 31 193 (484) (311) 0 1 205 161 6 6 10 40 221 208 250 414 658 584 754 621 (502) 168 1,160 1,787 12,673 11,847 10,531 10,523 15,806 14,745 16,880* 16,763* 55,889 6.9% 53,878 12.1% * Calculated as the difference between total group capital and capital allocated to the core businesses ** Amounts restated compared with the financial data published in Q4 21 NB: Amounts restated in Q1 22 to take into account the transfer of Private Banking activities (French and international) to the French Retail Banking. Includes other activities transferred after the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 38#39GROUP 2022 INCOME STATEMENT BY CORE BUSINESS French Retail Banking International Retail Banking and Financial Services Global Banking and Investor Solutions Corporate Centre Group In EURM 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net banking income 8,839 8,489 9,122 8,117 10,082 8,818 16 374 28,059 25,798 Operating expenses (6,473) (6,248) (4,334) (4,203) (6,634) (6,250) (1,189) (889) (18,630) (17,590) Gross operating income 2,366 2,241 4,788 3,914 3,448 2,568 (1,173) (515) 9,429 8,208 Net cost of risk (483) (125) (705) (504) (421) (65) (38) (6) (1,647) (700) Operating income 1,883 2,116 4,083 3,410 3,027 2,503 (1,211) (521) 7,782 7,508 Net income from com panies accounted for by the equity method 8 1 1 0 6 4 0 1 15 6 Net profits or losses from other assets Impairment losses on goodwill Income tax Non controlling Interests Group net income Average allocated capital** Group ROE (after tax) 57 23 11 18 6 (9) (3,364) 603 (3,290) 635 0 0 0 0 0 0 0 (114) 0 (114) (504) (592) (996) (840) (576) (452) 516 187 (1,560) (1,697) (1) (2) 723 506 36 28 171 165 929 697 1,445 1,550 2,376 2,082 2,427 2,018 (4,230) (9) 2,018 5,641 12,417 12,009 10,619 10,246 14,916 14,055 17,213* 16,323* 55,164 52,634 2.6% 9.6% * Calculated as the difference between total group capital and capital allocated to the core businesses ** Amounts restated compared with the financial data published in Q4 21 NB: Amounts restated in Q1 22 to take into account the transfer of Private Banking activities (French and international) to the French Retail Banking. Includes other activities transferred after the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#40GROUP UNDERLYING DATA – RECONCILIATION WITH REPORTED FIGURES in EUR m Exceptional Net banking income (+) Revaluation gain Exceptional operating expenses (-) IFRIC linearisation Transformation costs (1) Of which related to French Retail Banking Of which related to Global Banking & Investor Solutions Of which related to Corporate Centre Exceptional Net profit or losses from other assets (+/-) Goodwill impairment (-) Total exceptional items (pre-tax) DTA recognition (+) Q422 Q4 21 2022 2021 0 (117) 0 (117) 0 0 (117) (108) (52) 639 379 (285) (199) 0 0 177 147 639 379 (54) Total exceptional items (post-tax) (34) 8ss་༠$॰ $ 91 370 201 30 117 92 26 152 86 (439) 3,357 (624) 114 0 114 (494) 3,996 (248) (130) 0 (130) (561) 3,598 (377) Reported Net income - Group Share 1,160 1,787 2,018 5,641 Total exceptional items - Group share (post-tax) (34) (561) 3,598 (377) Underlying Net income - Group Share 1,126 1,226 5,616 5,264 (1) Allocated to Corporate Centre SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 40#41GROUP UNDERLYING DATA – IFRIC 21 IMPACT Total IFRIC 21 Impact - costs o/w Resolution Funds In EURM 2022 2021 2022 2021 French Retail Banking (225) (173) (173) (128) International Retail Banking and Financial Services (123) (95) (65) (52) Financial Services to Corporates (10) (9) (4) (4) Insurance (26) (19) (0) 0 International Retail Banking Western Europe (87) (67) (61) (48) (7) (4) (3) Czech Republic Romania Other Europe Russia (52) (40) (44) (34) (14) (4) (4) (2) (1) Africa, Asia, Mediterranean bassin and Overseas Global Banking and Investor Solutions (8) ENON (741) (483) (623) (405) Global Markets and Investor Services (566) (362) (486) (306) Financing and Advisory Corporate Centre Group (176) (121) (137) (99) (50) (44) (3) (1,139) (795) (864) (586) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#42GROUP CRR2/CRD5 PRUDENTIAL CAPITAL RATIOS _Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 31.12.2022 31.12.2021 Shareholder equity Group share 66.5 65.1 Deeply subordinated notes* (10.0) (8.0) Undated subordinated notes* 0.0 0.0 Distribution to be paid & interest on subordinated notes (1) (1.9) (2.3) Goodwill and intangible (5.6) (5.2) Non controlling interests 5.3 4.6 Deductions and regulatory adjustments (5.5) (4.3) Common Equity Tier 1 Capital 48.7 49.8 Additionnal Tier 1 Capital 10.1 8.1 Tier 1 Capital 58.8 57.9 Tier 2 capital 11.0 10.6 Total capital (Tier 1 + Tier2) 69.8 68.5 Risk-Weighted Assets 360.5 363.4 Common Equity Tier 1 Ratio 13.5% 13.7% Tier 1 Ratio 16.3% 15.9% Total Capital Ratio 19.4% 18.8% Ratios based on the CRR2/CDR5 rules as published in June 2019, including Danish compromise for insurance (see Methodology). Ratio fully loaded at 13.3% and IFRS 9 phasing at +17 bp. (1) Based on the 2022 proposed distribution, subject to the usual approvals of the General meeting and the ECB * Excluding issue premia on deeply subordinated notes and on undated subordinated notes SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#43GROUP CRR2 LEVERAGE RATIO _CRR2 phased-in Leverage Ratio (1) In EURbn Tier 1 Capital Total prudential balance sheet (2) Adjustments related to derivative financial instruments Adjustments related to securities financing transactions (3) Off-balance sheet exposure (loan and guarantee commitments Technical and prudential adjustments inc. central banks exemption Leverage exposure Phased leverage ratio 31.12.2022 31.12.2021 58.8 57.9 1,340 1,300 (7) 9 15 15 123 118 (126) (252) 0 (118) 1,345 1,190 4.4% 4.9% (1) Based on CRR2 rules adopted by the European Commission in June 2019. Fully loaded leverage ratio at 4.3% (see Methodology). Including net income of the period and grandfathered AT1 instruments governed by English law (2) The prudential balance sheet corresponds to the IFRS balance sheet less entities accounted for through the equity method (mainly insurance subsidiaries) (3) Securities financing transactions: repurchase transactions, securities lending or borrowing transactions and other similar transactions SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#44GROUP TLAC/MREL TLAC Q4 22 ratios Meeting 2022 requirements % RWA (1) 3.2% SP SNP ■T2 (*) 10.2% ■ AT1 22.1% 21.7% CET1 3.9% 2.8% 30.5% 13.5% Req. 2022 Req. 31/12/2023 31/12/2022 % Leverage MREL Q4 22 ratios Meeting 2022 requirements (2) % RWA (1) SP SNP 1 T2 (*) 25.3% 25.7% AT1 % Leverage 10.2% CET1 3.9% 2.8% 30.5% 9.02% O.W. O.W. > 5.91% 6.75% 6.75% junior debt 20.6% junior debt 5.91% 5.91% 20.6% 13.5% Req.2022 Req. 31/12/2023 31/12/2022 (*) Tier 2 capital computed for TLAC/MREL differ from Q2 capital for total capital ratio due to TLAC / MREL eligibility rules (1) Including countercyclical buffer, (2) Notification received in June 2021 based on balance sheet as of 31.12.2019, requirements applicable from 01.01.2022 N.B: phased-in ratio SOCIETE GENERALE Req. 2022 Req. 31/12/2023 31/12/2022 Req.2022 Req. 31/12/2023 31/12/2022 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 44#45GROUP RISK-WEIGHTED ASSETS* (CRR2/CRD5, IN EURbn) 371.6 363.4 360.5 45.6 131.5 46.8 46.0 122.8 123.7 117.7 110.9 108.2 110.4 28.9 106.1 5.5 103.8 4.5 4.6 29.0 29.0 15.3 11.6 13.7 5.0 0.1 5.1 5.0 0.3 0.2 0.0 13.9 0.0 0.3 11.3 12.7 112.1 103.2 106.1 105.6 98.5 101.0 88.6 82.6 82.1 19.0 21.0 20.3 7.1 7.3 7.4 1.1 0.0 0.9 12.8 12.1 310.7 304.9 300.7 Total Operational Market Q4 21 Q3 22 Q4 22 Q4 21 Q3 22 Q422 Q4 21 Q3 22 Q4 22 Q4 21 Q3 22 Q4 22 Q4 21 Q3 22 Q422 French Retail Banking International Retail Banking and Financial Services Credit Global Banking and Investor Solutions Corporate Centre Group Phased-in Risk-Weighted Asset including IFRS 9 phasing. Includes the entities reported under IFRS 5 until disposal NB: Amounts restated in Q1 22 to take into account the transfer of Private Banking activities (French and international) to the French Retail Banking. Includes other activities transferred after the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 45#46GROUP GEOGRAPHIC BREAKDOWN OF SG GROUP COMMITMENTS AT 31.12.2022 *Total credit risk (debtor, issuer and replacement risk for all portfolios) SOCIETE GENERALE On-and off-balance sheet EAD* All customers included: EUR 1,119bn Asia Pacific 5% Eastern Europe (EU) 7% North America 14% Western Europe (excl. France) 22% Africa and Middle East 4% Latin America and Caribbean 1% France 48% 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 46#47GROUP CHANGE IN GROSS BOOK OUTSTANDINGS* _End of period in EURbn 573.0 579.9 585.0 594.7 586.1 553.9 538.8 530.2 520.8 131.9 138.1 139.3 145.3 142.3 141.7 136.7 139.9 135.5 190.7 190.1 176.9 182.9 170.7 138.4 145.3 149.9 160.4 233.9 234.6 234.8 237.2 242.6 245.7 246.5 250.2 247.4 13.0 13.6 14.2 14.6 14.4 14.9 15.9 16.4 16.5 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q122 Q2 22 Q3 22 Q4 22 Total International Banking and Financial Services Global Banking and Investor Solutions French Retail Banking Corporate Center * Customer loans; deposits and loans due from banks, leasing and lease assets. Excluding repurchase agreements Excluding entities reported under IFRS 5 NB : Data restated since Q1 22 considering the transfer of Private banking activities (French and international) to the French Retail Banking. Includes other businesses transferred after the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#48GROUP COST OF RISK In EURM Q422 Q4 21 2022 2021 Net Cost Of Risk 219 (20) 483 125 French Retail Banking Gross loan Outstandings 250,175 237,305 246,249 235,220 Cost of Risk in bp 35 (3) 20 5 Net Cost Of Risk 133 96 705 504 International Retail Banking and Financial Services Gross loan Outstandings 133,756 137,018 135,743 133,321 Cost of Risk in bp 40 28 52 38 Net Cost Of Risk 78 3 421 65 Global Banking and Investor Solutions Gross loan Outstandings 190,079 160,333 182,110 148,426 Cost of Risk in bp 16 1 23 4 Net Cost Of Risk (17) 7 38 6 Corporate Centre Gross loan Outstandings 16,363 14,574 15,411 13,835 Cost of Risk in bp (41) 16 25 4 Net Cost Of Risk 413 86 Societe Generale Group Gross loan Outstandings Cost of Risk in bp 590,373 549,229 1,647 579,513 700 530,801 28 6 28 13 See: Methodology. Cost of risk in bp is calculated based on Gross loans outstanding at the beginning of period (annualised) NB: Data restated since Q1-22 considering the transfer of Private Banking activities (French and international) to the French retail Banking. Includes other businesses transferred after the disposal of Lyxor. SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 48#49GROUP NON-PERFORMING LOANS In EUR bn Performing loans inc. Stage 1 book outstandings 31.12.2022 30.09.2022 31.12.2021 554.4 573.1 543.9 (1) 494.2 511.2 479.9 inc. Stage 2 book outstandings 43.6 44.0 43.5 Non-performing loans 15.9 15.6 16.5 inc. Stage 3 book outstandings 15.9 15.6 16.5 Total Gross book outstandings* 570.3 588.7 560.4 Group Gross non performing loans ratio* 2.8% 2.7% 2.9% Provisions on performing loans 3.2 3.1 2.8 inc. Stage 1 provisions 1.0 1.1 1.1 inc. Stage 2 provisions 2.1 2.0 1.7 Provisions on non-performing loans 7.7 7.8 8.4 inc. Stage 3 provisions 7.7 7.8 8.4 Total provisions 10.9 10.9 11.2 Group gross non-performing loans ratio (provisions on non-performing loans/non-performing loans) 48% 50% 51% *Figures calculated on on-balance sheet customer loans and advances, deposits at banks and loans due from banks, finance leases, excluding loans and advances classified as held for sale, cash balances at central banks and other demand deposits, in accordance with the EBA/ITS/2019/02 Implementing Technical Standards amending Commission Implementing Regulation (EU) No 680/2014 with regard to the reporting of financial information (FINREP). The NPL rate calculation was modified in order to exclude from the gross exposure in the denominator the net accounting value of the tangible assets for operating lease. Performing and non-performing loans include loans at fair value through profit or loss which are not eligible to IFRS 9 provisioning and so not split by stage. Historical data restated (1) Data restated excluding loans at fair value through profit or loss which are not eligible to IFRS 9 provisioning SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#50FOCUS ON EXPOSURES Corporate portfolio breakdown Corporate EAD (¹) in each sector (2) in % of total group EAD at 31.12.2022 Total group EAD: EUR 1,119bn Exposure to sensitive sectors Financial services 6.9% Real Estate 3.5% Utilities 2.8% Manufacturing industries 2.2% Telecoms, media & technology 2.0% Agriculture, food industry* 1.8% Oil and gas industry 1.8% Heavy industry & mining* 1.7% Automotive 1.6% B2B and B2C services 1.4% Aviation & Defense 1.1% POWER UTILITIES IN EUROPE: 1.2% of total Group EAD CHEMICALS: 0.3% of total Group EAD, well diversified with leading counterparties CONSTRUCTION (excl. Civil Engineering): 0.8% of total Group EAD COMMERCIAL REAL ESTATE: disciplined origination with average LTV ranging between 55% and 60% and limited exposure on Retail Assets (20%) DIRECT GROUP LBO EXPOSURE: EUR~5bn (< 0.5%) Retail trade (excl. Automobile) 1.1% Building & construction 1.1% SME REPRESENT ~5% OF TOTAL GROUP EAD (mostly in France) Oil and gas trading 1.0% Conglomerates 1.0% Shipping and cruise 1.0% Land transport & logistics 0.8% Pharmaceuticals, health and social work Hotels, catering, tourism & leisure 0.8% Others 0.5% 0.5% (1) EAD for the corporate portfolio as defined by the Basel regulations (large corporate including insurance companies, funds and hedge funds, SME, specialised financing and factoring) based on the obligor's characteristics before taking account of the substitution effect. Total credit risk (debtor, issuer and replacement risk). Corporate EAD: EUR 390bn (2) The grouping of business segments was reviewed in 2022 in order to comply with internal credit risk monitoring methodologies and new reporting requirements from EBA on sectors. The grouping used is based on the main economic activity of counterparties. * Including trading activities SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 50#51IFRS 9 MONITORING METHODOLOGY APPLIED As of Q4 22, IFRS 9 parameters were updated in order to take into account the current economic environment: • • 3 macroeconomic scenarios were retained to capture the uncertainties around the general economic context and the war in Ukraine: central, favourable and stress. The central scenario assumes that the growth in the eurozone would be only slightly positive in 2023 due to the tighter monetary policies, still high inflation and global slowdown. Additional sector / areas-at-risk adjustments to capture specific risks not reflected by the ECL models, in particular the specific economic context with high inflation and rising interest rate and the Russian-Ukrainian crisis MACROECONOMIC SCENARIOS (FRANCE GDP GROWTH) 115 110 105 100 95 95 90 90 2022 2023 *scenario weighting in IFRS 9 expected credit loss calculation SOCIETE GENERALE 2024 2025 2026 2027 - SG FAVOURABLE 10%* SG CENTRAL 60%* SG STRESS 30%* 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#52GROUP CHANGE IN TRADING VAR* AND STRESSED VAR** _Quarterly Average of 1-Day, 99% Trading VaR* (in EURm) 30 22 15 15 10 23 18 24 18 13 13 15 23 Trading VaR* ■Credit Interest Rates ■ Equity ■Forex ■Commodities ■Compensation Effect 17 21 21 21 14 14 24 19 11 7 7 13 16 13 10 12 18 16 15 12 20 17 8 12 3 3 10 10 8 9 9 11 4 3 3 2 U -38 -16 -26 -18 -21 33 -32 -35 -30 30 -31 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Stressed VAR** (1 day 99%, in EUR M) Minimum Maximum Average Q421 Q1 22 Q2 22 Q3 22 24 23 18 17 Q422 23 64 48 52 47 46 39 32 30 32 34 * Trading VaR: measurement over one year (i.e. 260 scenarios) of the greatest risk obtained after elimination of 1% of the most unfavourable occurrences ** Stressed VaR: Identical approach to VaR (historical simulation with 1-day shocks and a 99% confidence interval), but over a fixed one-year historical window corresponding to a period of significant financial tension instead of a one-year rolling period SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#53LONG TERM FUNDING PROGRAM 2022 COMPLETED, 2023 ALREADY WELL ADVANCED 2022 long-term funding program EUR 44bn raised for 2022 funding program (incl. EUR 3.9bn of pre-funding raised in 2021), of which: c. EUR 20.3bn of vanilla debt EUR 2.5bn AT1 & T2 EUR 6.0bn SNP EUR 6.4bn SP EUR 5.4bn CB c. EUR 23.7bn of structured notes issuance 2022 funding program conditions MS+59bp (including structured notes, excluding subordinated debt) Average maturity of 4.9 years Additional EUR 2.7bn issued by subsidiaries Active diversification of the investor base across different currencies (EUR, USD, AUD, CHF, HKD, NOK, CNY, SGD, JPY), maturities and types 2023 funding program well advanced Expected vanilla long-term funding program of c.EUR 24bn, completed at c.60% as of 31 January 2023 incl. EUR 7.2bn of pre- funding issued in 2022): EUR 3.4bn of subordinated debt, EUR 5.2bn of SNP debt, EUR 4.0bn of SP debt and EUR 2.3bn of CB Annual structured notes issuance volume expected around EUR 25bn (1) Excluding structured notes SOCIETE GENERALE 2023 expected long term funding program: c. EUR 24bn (1) ~EUR 6-7bn SECURED DEBT SENIOR PREFERRED DEBT ~EUR 6-7bn SENIOR NON PREFERRED DEBT ~EUR 5-6bn SUBORDINATED DEBT (AT1/T2) Selection of recent key transactions Societe Generale In Jan-23 Additional Tier 1 PerpNC6.5 EUR 1,000m 7.875% PerpNC Jan-29 Societe Generale In Dec-22 Senior Non-Preferred 8NC7 EUR 1,500m 4.250% Dec-30 NC Dec-29 Societe Generale In Jan-23 Senior Preferred 2Y EUR 2,000m 3mE+45bp Jan-25 Societe Generale In Nov-22 Additional Tier 1 PerpNC5 USD 1,500m 9.375% PerpNC Nov-27 ~EUR 4-5bn Societe Generale In Jan-23 Senior Non-Preferred 4NC3 & 6NC5 & 11NC10 USD 1,250m 6.447% Jan-27 NC Jan-26 USD 1,250m 6.446% Jan-29 NC Jan-28 USD 1,500m 6.691% Jan-34 NC Jan-33 Tier 2 30Y bullet USD 1,000m 7.367% Jan-53 Societe Generale In Nov-22 Senior Preferred 5Y & 10Y bullet EUR 1,000m 4.000% Nov-27 EUR 1,250m 4.250% Nov-32 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#54GROUP LIQUID ASSET BUFFER _Liquid Asset Buffer (in EURbn) 229 275 279 255 244 214 173 189 168 195 59 58 51 61 60 60 10 24 10 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Liquidity Coverage Ratio at 145% on average in Q4 22 (1) Excluding mandatory reserves, (2) Unencumbered, net of haircuts SOCIETE GENERALE Central Bank Loans and Deposits (1) High Quality Liquid Asset Securities (2) Central Bank Eligible Assets (2) 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 54#55GROUP EPS CALCULATION Average number of shares (thousands) 2022 2021 2020 Existing shares 845,478 853,371 853,371 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 6,252 3,861 2,987 Other own shares and treasury shares 16,788 3,249 0 Number of shares used to calculate EPS* 822,437 846,261 850,385 Group net Income 2,018 5,641 (258) Interest on deeply subordinated notes and undated subordinated notes (596) (590) (611) Adjusted Group net income (in EURM) 1,422 5,051 (869) EPS (in EUR) 1.73 5.97 (1.02) Underlying EPS** (in EUR) 6.10 5.52 0.97 * The number of shares considered is the average number of ordinary shares of the period, excluding treasury shares and buybacks, but including the trading shares held by the Group **Underlying EPS calculated based on an underlying Group net Income excluding IFRIC 21 linearisation (see Methodology). SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#56GROUP NET ASSET VALUE, TANGIBLE NET ASSET VALUE End of period (in EURm) Shareholders' equity Group share* 2022 2021 2020 66,451 65,067 61,710 Deeply subordinated notes (10,017) (8,003) (8,830) Undated subordinated notes 0 0 (264) Interest of deeeply & undated subodinated notes, issue premium amortisations (1) (24) 20 19 Bookvalue of own shares in trading portfolio 67 37 301 Net Asset Value* Goodwill Intangible Assets Net Tangible Asset Value* Number of shares used to calculate NAPS** Net Asset Value per Share Net Tangible Asset Value per Share 56,477 57,121 52,936 (3,652) (3,624) (3,928) (2,882) (2,733) (2,484) 49,943 50,764 46,524 801,147 831,162 848,859 70.5 68.7 62.4 62.3 61.1 54.8 (1) Interest net of tax, payable or paid to holders of deeply subordinated notes & undated subordinated notes, issue premium amortisations (*) Amounts restated compared with the financial statements published in 2020 (See Note1.7 of the financial statements) (**) The number of shares considered is the number of ordinary shares outstanding as at end of period, excluding treasury shares and buybacks, but including the trading shares held by the Group. In accordance with IAS 33, historical data per share prior to the date of detachment of a preferential subscription right are restated by the adjustment coefficient for the transaction (see Methodology) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 56#57GROUP ROE/ROTE CALCULATION DETAIL End of period (in EURm) Q422 Q4 21 2022 2021 Shareholders' equity Group share Deeply subordinated notes Undated subordinated notes 66,451 65,067 66,451 65,067 (10,017) (8,003) (10,017) (8,003) Interest of deeeply & undated subodinated notes, issue premium amortisations OCI excluding conversion reserves (2) Distribution provision 2 Distribution N-1 to be paid ROE equity end-of-period Average ROE equity* Average Goodwill Average Intangible Assets (1) (24) 20 (24) 20 1,279 (489) 1,279 (489) (1,803) (2,286) (1,803) (2,286) 0 0 55,886 54,310 55,886 54,310 55,889 53,878 55,164 52,634 (3,660) (3,776) (3,650) (3,890) (2,835) (2,687) (2,760) (2,584) Average ROTE equity* 49,394 47,415 48,754 46,160 Group net Income 1,160 1,787 2,018 5,641 Interest on deeply subordinated notes and undated subordinated notes (192) (151) (596) (590) Cancellation of goodwill impairment 337 3 337 Ajusted Group net Income 968 1,973 1,425 5,388 Average ROTE equity* 49,394 47,415 48,754 46,160 ROTE Underlying Group net income Interest on deeply subordinated notes and undated subordinated notes Cancellation of goodwill impairment Ajusted Underlying Group net Income Average ROTE equity (underlying)* Underlying ROTE (3) 7.8% 16.6% 2.9% 11.7% 1,126 1,226 5,616 5,264 (192) (151) (596) (590) 3 934 1,075 5,023 4,674 49,360 7.6% 46,854 9.2% 52,352 45,783 9.6% 10.2% ROE/ROTE: see Methodology (1) Interest net of tax, payable or paid to holders of deeply subordinated notes & undated subordinated notes, issue premium amortisations, (2) Based on the 2022 proposed distribution, subject to the usual approvals of the General meeting and the ECB, (3) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement), * Amounts restated compared with the financial statements published in 2021 (See Note 1.7 of the financial statements) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#58FRENCH RETAIL BANKING NET BANKING INCOME _NBI (in EURM) 2,256 2,221 2,219 2,188 2,176 1,002 1,032 1,023 1,022 1,049 106 78 100 187 62 1,093 1,032 976 1,013 1,075 21 23 71 53 44 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 NB: including Private banking activities as per Q1 22 restatement (France and International), includes businesses transferred following the disposal of Lyxor SOCIETE GENERALE Fees Other Income Net Interest Margin PEL/CEL Provision or Reversal 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 58#59FRENCH RETAIL BANKING CUSTOMER DEPOSITS AND FINANCIAL SAVINGS _Average outstandings (in EURbn) 431 429 439 432 435 _Change Q4 22 vs. Q4 21 +0.9% 119 Financial Savings 115 119 120 117 +0.4% EUR 146.2bn, -0.2% vs. Q421 27 27* 26* 25 25 26 -2.7% Deposits 178 175 171 -0.2% EUR 288.7bn, 172 170 +1.5% vs. Q4 21 18 18 18 18 17 -5.1% 75 77 80 82 81 +7.6% 19 Q4 21 19 Q1 22 18 Q2 22 18 Q3 22 19 -1.7% Q4 22 Life Insurance Securities, Mutual Funds and Others Sight Deposits (1) PEL Regulated Savings Schemes (excl. PEL) Term Deposits (2) (1) Including deposits from Financial Institutions and foreign currency deposits (2) Including deposits from Financial Institutions and medium-term notes * Data adjusted versus reported figures due to minor corrections NB: including Private banking activities as per Q1 22 restatement (France and International), includes businesses transferred following the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#60FRENCH RETAIL BANKING LOANS OUTSTANDING _Average outstandings, net of provisions (in EURbn) _Change Q4 22 vs. Q4 21 248 249 241 244 247 +2.3% 123 125 126 127 126 +2.3% 20 20 99 99 20 20 100 20 20 20 20 20 20 +0.4% 101 102 102 +2.6% Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 *SMEs, self-employed professionals, local authorities, corporates, NPOs, including foreign currency loans NB: including Private banking activities as per Q1 22 restatement (France and International), includes businesses transferred following the disposal of Lyxor SOCIETE GENERALE Housing Consumer Credit and Overdraft Business Customers* and Financial Institutions 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#61INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES QUARTERLY RESULTS International Retail Banking Insurance Financial Services Total In EURM Q422 Q421 Change Q422 Q421 Change Q422 Q421 Change Q422 Q421 Change Net banking income 1,280 1,311 +8.3%* 263 243 +10.6%* 826 605 +37.9%* 2,369 2,159 +17.4%* Operating expenses (681) (753) +4.7%* (91) (86) +11.2%* (328) (249) +27.6%* (1,100) (1,088) +10.9%* Gross operating income 599 558 +12.6%* 172 157 +10.3%* 498 356 +45.0%* 1,269 1,071 +23.4%* Net cost of risk (114) (89) +60.5%* 0 0 n/s (19) (7) x 2.5* (133) (96) +68.3%* Operating income 485 469 +5.1%* 172 157 +10.3%* 479 349 +42.9%* 1,136 975 +19.7%* Net profits or losses from other assets (1) 8 n/s 0 (1) +100.0%* 0 1 -100.0%* (1) 8 n/s Income tax (122) (113) +9.1%* (44) (44) +0.7%* (108) (81) +38.5%* (274) (238) +17.7%* Group net income 236 252 -5.0%* 127 112 +14.0%* 295 220 +40.4%* 658 584 +16.1%* C/I ratio 53% 57% 35% 35% 40% 41% 46% 50% Average allocated capital 5,398 5,958 2,127 2,068 2,968 2,479 10,531 10,523 * When adjusted for changes in Group structure and at constant exchange rates (excluding disposed Russian activities) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#62INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES 2022 RESULTS International Retail Banking Insurance Financial Services Total In EURm 2022 2021 Change 2022 2021 Change 2022 2021 Change 2022 2021 Change Net banking income 5,153 5,000 +11.5%* 1,012 963 +6.5%* 2,957 2,154 +35.8%* 9,122 8,117 +17.9%* Operating expenses (2,794) (2,914) +5.9%* (391) (373) +7.2%* (1,149) (916) +22.1%* (4,334) (4,203) +10.0%* Gross operating income 2,359 2,086 +18.8%* 621 590 +6.1%* 1,808 1,238 +46.1%* 4,788 3,914 +26.0%* Net cost of risk (637) (429) +11.7%* 0 0 n/s (68) (75) -13.1%* (705) (504) +7.6%* Operating income 1,722 1,657 +21.7%* 621 590 +6.1%* 1,740 1,163 +49.9%* 4,083 3,410 +29.9%* Net profits or losses from other assets 11 18 -36.9%* 0 (1) +100.0%* 0 1 -100.0%* 11 18 -36.8%* Income tax (441) (405) +23.5%* (161) (165) -1.7%* (394) (270) +46.1%* (996) (840) +26.7%* Group net income 840 936 +13.2%* 457 421 +9.3%* 1,079 725 +49.3%* 2,376 2,082 +25.6%* C/I ratio 54% 58% 39% 39% 39% 43% 48% 52% Average allocated capital 5,562 5,750 2,118 2,032 2,909 2,444 10,619 10,246 * When adjusted for changes in Group structure and at constant exchange rates (excluding disposed Russian activities) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#63INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - QUARTERLY RESULTS Western Europe Czech Republic Romania Russia (1) Africa, Mediterranean basin and Overseas Total International Retail Banking In EURM Net banking income Q422 232 Operatating expenses (105) (104) Gross operating income 127 145 Net cost of risk (53) (53) Q4 21 Change 249 -6.6%* +1.2%* (166) -12.1%* 199 1 Q422 365 Q4 21 Change Q422 304 +15.2%* 166 (151) +5.0%* (101) 153 Q4 21 Change Q422 141 +16.5%* Q4 21 163 n/a Change Q4 22 Q4 21 Change 519 Q422 453 +10.1%* 1,280 Q4 21 1,311 +8.3%* Change (2) (88) +13.8%* (129) n/a (298) (281) -0.3%* (681) (753) +4.7%* +25.4%* 65 53 +20.9%* 34 n/a 221 172 +28.0%* 599 558 +12.6%* -1.1%* 0 n/s (9) 25 n/s (18) n/a (53) (44) +18.7%* (114) (89) +60.5%* Operating income 74 92 -18.6%* 200 153 Net profit or losses from other assets 0 0 n/s (2) 6 Income tax (16) (19) -14.7%* (44) (33) +26.1%* 56 n/s 1 +28.3%* (13) 78 -27.8%* 16 n/a 168 128 +31.5%* 485 469 +5.1%* 3 -66.8%* 0 n/a 0 1 (17) -23.1%* Minority interests 3 3 -0.1%* 61 49 Group net income 58 70 -17.6%* 93 77 C/I ratio 45% 42% 45% 50% +19.5%* 18 +18.6%* 26 39 61% 62% 25 -31.4%* 0 ल ० n/a (52) (41) n/a 46 33 n/s +26.8%* (122) +58.4%* 128 (1) 8 n/s (113) +9.1%* 112 +17.0%* -31.9%* 13 n/a 70 55 +17.8%* 236 252 -5.0%* 79% 57% 62% 53% 57% Average allocated capital 1,556 1,553 1,201 1,003 662 496 1,123 1,972 1,773 5,398 5,958 *When adjusted for changes in Group structure and at constant exchange rates (excluding disposed Russian activities) (1) Russia structure includes Rosbank, Rusfinance and their consolidated subsidiaries in International Retail Banking disposed on 18 may 2022 (2) Excluding disposed Russian activities SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#64INTERNATIONAL RETAIL BANKING BREAKDOWN BY REGION - 2022 RESULTS Western Europe Czech Republic Romania Russia (1) Africa, Mediterranean basin and Overseas Total International Retail Banking In EURM Net banking income Operatating expenses 2022 972 2021 968 (426) (409) Change 2022 +0.4%* 1,400 1,058 +4.1%* (666) (603) 2021 Gross operating income 546 559 Net cost of risk (173) (155) -2.3%* 734 +11.6%* 455 (47) (27) Operating income 373 404 -7.7%* 687 428 Net profit or losses from other assets 0 0 n/s 7 7 Income tax (82) (85) Minority interests 15 17 Group net income 277 302 C/I ratio 44% 42% -3.5%* (153) (91) -12.6%* 211 133 -8.4%* 330 211 48% 57% Change 2022 +26.7%* 619 +5.7%* (376) +54.5%* 243 +64.0%* (6) +53.9%* 237 -3.7%* 3 +60.9%* (53) (46) +52.9%* 74 68 +49.4%* 113 106 61% 63% 2021 556 (352) Change 2022 +11.5%* 213 643 204 +7.0%* (145) +19.4%* 68 (457) 186 14 218 2 n/s (202) (46) n/a 791 (209) (215) 681 +9.0%* (134) 140 n/a 582 466 +49.3%* 0 +15.5%* 27 +7.6%* 0 +7.6%* 4 n/a 1 5 (29) n/a (185) (154) 2021 Change 2022 2021 Change 2021 Change(2) n/a 1,951 1,770 +8.7%* 5,153 5,000 +11.5%* n/a (1,160) (1,089) +4.8%* (2,794) (2,914) +5.9%* n/a +14.9%* 2,359 2,086 -4.9%* (637) (429) +24.4%* 1,722 1,657 -80.1%* 11 +19.6%* (441) (405) 2022 +18.8%* +11.7%* +21.7%* 18 -36.9%* +23.5%* 0 n/a 147 109 +39.1%* 453 334 +34.7%* (107) 115 n/a 251 208 +17.8%* 840 936 +13.2%* 68% 71% 59% 62% 54% 58% Average allocated capital 1,509 1,495 1,145 983 597 444 398 1,046 1,906 1,770 5,562 5,750 * When adjusted for changes in Group structure and at constant exchange rates (excluding disposed Russian activities) (1) Russia structure includes Rosbank, Rusfinance and their consolidated subsidiaries in International Retail Banking disposed on 18 may 2022 (2) Excluding disposed Russian activities SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 64#65INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES BREAKDOWN OF LOANS AND DEPOSITS OUTSTANDING _Breakdown of Loans Outstanding (in EURbn) _Change Dec 22 vs. Dec 21 _Breakdown of Deposits Outstanding (in EURbn) _Change Dec 22 vs. Dec 21 15.0 +2.2%* 14.7 ■Equipment Finance (1) 88.2 +5.6%* +20.9%* 1.4 83.1 23.9 23.7 +0.7%* Sub-total International Retail Banking: 1.1 76.4 +1.4%* 78.5 2.0 1.9 +3.9%* Western Europe 38.1 38.2 -3.4%* (Specialized Consumer Finance) 32.3 29.3 +6.9%* Czech Republic 10.6 +8.3%* 11.5 6.9 +10.1% 7.6 Romania +7.5%* 23.1 24.4 Africa and other 25.6 26.9 +5.6%* Dec. 21 Dec. 22 * When adjusted for changes in Group structure and at constant exchange rates (1) Excluding factoring SOCIETE GENERALE Dec. 21 Dec. 22 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 65#66INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES PRESENCE IN AFRICA Clients 4.3m NBI EUR 1.8bn Net income C/I RWA EUR 237m 58% EUR 23bn NBI RWA FY 2022 Morocco (in EUR m) (in EUR m) Credits (in EUR m) Deposits (in EUR m) L/D Ratio Ranking 469 8,329 8,562 7,213 119% 5th Algeria 142 1,620 1,377 2,262 61% Tunisia 156 2,053 1,873 1,696 110% 7th Ivory Coast 309 3,202 3,185 4,000 80% 1st Senegal 111 1,582 1,239 1,619 77% 2nd Cameroon 136 1,716 1,006 1,690 59% 2nd Ghana 75 808 295 393 75% 6th Madagascar 81 629 524 670 78% 2nd Burkina Faso 61 997 713 818 87% 3rd Equatorial Guinea 24 357 51 353 14% 4th Guinea 67 610 332 456 73% 1st Chad 30 348 134 271 49% 4th Benin 33 492 339 365 93% Congo 28 425 144 360 40% 6th Mauritania 29 263 149 281 53% NB: Ranking based on loans outstanding as of 30 September 2022 SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#67INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES INSURANCE KEY FIGURES Life Insurance Outstandings and Unit Linked Breakdown (in EURbn) 135.2 133.9 131.0 129.6 131.6 37% 36% 35% 35% 36% Unit Linked 63% 64% 65% 65% 64% Euro Funds Q4 21 Q122 Q2 22 Q3 22 Q4 22 _Life Insurance Gross Inflows (in EURbn) 3.6 3.8 3.5 2.6 2.9 44% 43% 44% 39% 44% _Personal Protection Insurance Premiums (in EURM) 277 276 264 256 264 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 _Property and Casualty Insurance Premiums (in EURM) Change Q4 22/Q4 21 3.8%* 201 210 205 209 213 Change Q422/Q4 21 +7.6%* Unit Linked 56% 57% 56% 61% 56% Euro Funds Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 * When adjusted for changes in Group structure and at constant exchange rates SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#68GLOBAL BANKING AND INVESTOR SOLUTIONS QUARTERLY RESULTS Global Markets and Investor Services Financing and Advisory Lyxor(1) Total Global Banking and Investor Solutions In EURM Q422 Net banking income 1,496 1,256 Q4 21 Change +16.1%* Q422 956 820 Q4 21 Change +12.8%* Q422 Q421 Change 71 Q422 Q4 21 2,452 2,147 Change +14.2% +14.7%* Operating expenses (1,046) (964) +5.6%* (423) (389) +5.3%* (49) (1,469) (1,402) +4.8% +5.4%* Gross operating income 450 292 +51.0%* 533 431 +19.6%* 22 983 745 +31.9% +32.2%* Net cost of risk 10 0 n/s (88) (3) x 111.1* 0 (78) (3) x 26.0 x 102.8* Operating income 460 292 +54.3%* 445 428 +0.0%* 22 905 742 +22.0% +21.9%* Income tax (102) (60) +66.0%* (51) (41) +13.6%* (6) (153) (107) +43.0% +42.7%* Net income 362 224 +58.3%* 398 387 -0.5%* 16 760 627 +21.2% +21.1%* Non controlling Interests 5 5 -2.5%* 1 1 +0.0%* 0 6 6 +0.0% -2.1%* Group net income 357 219 +59.7%* 397 386 -0.5%* 16 754 Average allocated capital C/I ratio 8,396 70% 8,401 77% 7,400 6,258 83 15,806 44% 47% 69% 60% 621 14,745 65% +21.4% +21.4%* *When adjusted for changes in Group structure and at constant exchange rates (1) Excluding Private Banking activities as per Q1 22 restatement (France and International). Excludes other businesses transferred following the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#69GLOBAL BANKING AND INVESTOR SOLUTIONS 2022 RESULTS Global Markets and Investor Services Financing and Advisory Lyxor(1) Total Global Banking and Investor Solutions In EURM 2022 2021 Net banking income 6,708 5,650 Operating expenses (4,705) (4,301) Change +14.1%* 3,374 +5.9%* (1,929) (1,765) 2022 2021 Change 2022 2,929 +10.7%* 2021 239 Change +6.9%* (184) 2022 10,082 8,818 (6,634) (6,250) 2021 Change Gross operating income 2,003 1,349 +39.4%* 1,445 1,164 +16.4%* 55 3,448 2,568 +14.3% +12.9%* +6.1% +6.2%* +34.3% +28.8%* Net cost of risk 5 (2) n/s (426) (63) x 6.4* 0 (421) (65) x 6.5 Operating income 2,008 1,347 +39.9%* 1,019 1,101 -13.3%* 55 3,027 2,503 +20.9% x 6.1* +16.0%* Income tax (458) (284) +50.5%* (118) (155) -31.4%* (13) (576) (452) +27.4% +20.9%* Net income 1,559 1,059 +38.4%* 904 945 -9.8%* 42 2,463 Non controlling Interests 35 27 +26.1%* 1 1 +0.0%* 0 36 2,046 28 +20.4% +15.8%* +28.6% +25.2%* Group net income 1,524 1,032 +38.7%* 903 944 -9.8%* 42 2,427 2,018 +20.3% +15.6%* Average allocated capital C/I ratio 7,990 7,993 6,917 5,971 87 14,916 14,055 70% 76% 57% 60% 77% 66% 71% *When adjusted for changes in Group structure and at constant exchange rates (1) Excluding Private Banking activities as per Q1 22 restatement (France and International). Excludes other businesses transferred following the disposal of Lyxor SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023#70GLOBAL BANKING AND INVESTOR SOLUTIONS KEY FINANCIAL INDICATORS _Global Markets and Investor Services RWA (in EURbn) _Financing and Advisory RWA (in EURbn) 60.1 62.1 63.4 62.7 69.4 60.3 5.6 5.9 5.6 1.5 1.2 2.2 23.5 23.0 23.3 9.8 12.7 10.5 53.0 54.9 55.6 29.5 33.7 26.5 Q4 21 Q3 22 Q4 22 Q4 21 Securities Services: Assets under Custody (in EURbn) 4,586 4,375 4,277 4,275 4,257 Q3 22 Q4 22 _Securities Services: Assets under Administration (in EURbn) 697 676 627 598 580 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 NB: excluding Private Banking activities as per Q1 22 restatement (France and International). Excludes businesses transferred following the disposal of Lyxor SOCIETE GENERALE Operational Market Credit 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 70#71GLOBAL BANKING AND INVESTOR SOLUTIONS REVENUES _Global Markets and Investor Services Revenues (in EURM) 188 226 767 161 274 157 683 Securities Services 538 370 577 Fixed Income and Currencies 1,010 729 833 806 645 Equities Q4 21 Q122 Q2 22 Q3 22 Q422 SOCIETE GENERALE Europe _Financing & Advisory Revenues (in EURM) 956 820 790 821 807 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 _Revenues Split by Region (in %) 67% NBI Q4 22 EUR 2.5bn 20% 13% Americas Asia 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 71#72GLOBAL BANKING AND INVESTOR SOLUTIONS RECOGNISED EXPERTISE: LEAGUE TABLES - RANKINGS - AWARDS AWARDS & RANKINGS GLOBAL BANKING & ADVISORY GLOBAL MARKETS PFI AWARDS 2022 PROJECT FINANCE INTERNATIONAL AWARDS 2022 Europe Bank of the Year Jabal AsiaRisk Awards 2022 Winner ASIA RISK AWARDS 2022 Equity Derivatives House of the Year Derivatives House of the Year Asia ex-Japan ESG Infrastructure & Energy Bank Award SCOPE AWARD WINNER 2023 SCOPE AWARD 2023 Best Certificate Issuer Complete Product Range Issuer ESG WINNER IJ GLOBAL ESG AWARDS 2022 Energy Risk Asia Awards 2022 ENERGY RISK ASIA Winner AWARDS 2022 Commodity & Energy Finance House of the Year TMT M&A AWARDS 2022 AWARDS 2022 TMT M&A TMT Financing Bank of the Year FX BANKS WARD 2023 GIORANCE GLOBAL FINANCE BEST FX BANK AWARD 2023 Best FX Bank Global Corporate, CEE, Cote d'Ivoire, Ghana Best Execution Algorithms Deutscher ZERTIFIKATE Preis 2022 DEUTSCHER ZERTIFIKATE PREIS 2022 Best Issuer Overall Best Product Range Best Information Offering Best Investor Magazine Best Turbo-Warrants Special Award Technology Best Index-Tracker Institutional Investor INSTITUTIONAL INVESTOR'S GLOBAL FIXED INCOME RESEARCH SURVEY #2 Investment Grade Strategy - Europe #4 Analyst Leaders Investment Grade - Europe TRANSACTION BANKING EUROMINES 2022 MARKET LEADERS EUROMONEY MARKET LEADERS AWARDS 2022 Cash Management Regional Best Service #1 in France, Benin, Burkina Faso, Guinea, Madagascar #2 in Czech Republic, Czech Republic Morocco, Algeria, Tunisia, Ivory Coast, Senegal #3 in Western Europe Domestic Market Leader #1 in France, Benin, Burkina Faso, Cameroon, Ivory Coast, Guinea, Madagascar, Morocco, Senegal, Tunisia #2 in Africa tm TMI AWARDS FOR INNOVATION & AWARDS 2022 FORINNOVATION & EXCELLENCE EXCELLENCE 2022 Best Bank for Cash & Liquidity Management in Middle East & Africa Best Fintech collaboration for Global Treasury by Kyriba| Highly Commended - Solution Innovation LEAGUE TABLES SUSTAINABLE FINANCE #4 Green, Social and Sustainability Bonds EUR #4 Sustainability-Linked Loans EMEA #4 Sustainability-Linked Loans France CAPITAL MARKETS #2 All International Euro-denominated Bonds for Financial Institutions (ex CB) #2 All International Euro-denominated Corporate Bonds CEE #3 All International Euro-denominated Corporate Bonds EMEA #2 Global Securitisations EUR ex CDOs #1 ECM France¹ PROJECT AND ASSET FINANCE #3 Global Project Finance Loans Mandated Arranger² #3 Global Project Finance Loans Bookrunner² #1 Export Finance Aircraft Lenders³ #1 Export Finance Africa Lenders³ #2 Syndicated Real Estate Finance Loans Volume by Bookrunner EMEA #2 Syndicated Real Estate Non-Recourse Loans Volume by Bookrunner EMEA M&A AND ACQUISITION FINANCE #4 M&A France Any Involvement #1 Acquisition Finance Bookrunner France #2 Acquisition Finance MLA EMEA SYNDICATED LOANS #2 Bookrunner France #3 Syndicated Loans MLA EMEA Sources: Dealogic FY 2022 (except for: 'Bloomberg, 2REFINITIV, 3TXF) SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 72#73FINANCING & ADVISORY SUPPORTING CLIENTS IN THEIR TRANSFORMATIONS CLIENT PROXIMITY INNOVATION PRODUCT EXCELLENCE INDUSTRY EXPERTISE ADVISORY CAPACITY GLOBAL COVERAGE + ALLEGO Sole Structuring Bank, MLA, Underwriter, Hedging Bank & Agent SUEZ M&A Financial Advisor & Rating Advisor, Underwriter, Bookrunner & MLA CHPE Financial Advisor, CLA, Deal Contingent Hedge Provider & Co-Market Hedge Provider ABIDJAN METRO Global Coordinator, Sole Underwriter, Bookrunner and MLA Financing SEASPAN €400m Green Loan financing package for Allego, a pan-European leader in electric vehicle charging infrastructure - Largest senior Allego> debt financing in this fast-growing sector M&A Financial Advisor to Suez in the £2bn acquisition of Suez Recycling & Recovery UK from Veolia, and Rating Advisor, Underwriter, Bookrunner and MLA for the acquisition Term Loan $6bn total project financing for the construction of a fully-buried transmission line that will deliver 10.4 TWh/ year of renewable hydropower from Québec to New York City €1.1bn Export financing for the construction of the metro of Abidjan with a low carbon emitting mass transportation solution to address traffic congestion in the city $1.2bn Sinosure-Backed Japanese Operating Lease with Call total of 15 Joint Underwriter, MLA, Bookrunner and Senior Option (JOLCO) post-delivery financing of a containerships contracted with a major Chinese shipyard Lender CREDIT SUISSE Joint Lead Manager, Joint Bookrunner Suez (CHPE Champlain Hudson Power Express LE MÉTRO D'ABIDJAN seaspan A Subsidiary of Atlas Corp. CHF 4bn capital increase completed by Credit Suisse AG, consisting of a CHF 1.76bn non-pre-emptive placement and a fully CREDIT SUISSE underwritten CHF 2.24bn rights issue SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 73#74METHODOLOGY (1/2) 1- Net banking income The pillars' net banking income is defined on page 41 of Societe Generale's 2022 Universal Registration Document. The terms "Revenues" or "Net Banking Income" are used interchangeably. They provide a normalised measure of each pillar's net banking income taking into account the normative capital mobilised for its activity. 2- Operating expenses Operating expenses are defined on page 41 of Societe Generale's 2022 Universal Registration Document. The term "costs" is also used to refer to Operating Expenses. The Cost/Income Ratio is defined on page 41 of Societe Generale's 2022 Universal Registration Document. 3-IFRIC 21 adjustment and SRF definition The IFRIC 21 adjustment corrects the result of the charges recognised in the accounts in their entirety when they are due (generating event) so as to recognise only the portion relating to the current quarter, i.e. a quarter of the total. It consists in smoothing the charge recognised accordingly over the financial year in order to provide a more economic idea of the costs actually attributable to the activity over the period analysed. Contributions to the Single Resolution Funds (<< SRF »>) are part of the charges adjusted under IFRIC 21. They include contributions to the national resolution funds within the EU. 4- Exceptional items - transition from accounting data to underlying data The Group may be required to provide underlying indicators for a clearer understanding of its actual performance. Underlying data is obtained from reported data by restating the latter to take into account exceptional items and the IFRIC 21 adjustment Details of these items, as well as the other items that are the subject of a one-off or recurring restatement (exceptional items) are given in the supplement. 5- Cost of risk in basis points, coverage ratio for non-performing loans The cost of risk is defined on pages 43 and 663 of Societe Generale's 2022 Universal Registration Document. This indicator makes it possible to assess the level of risk of each of the pillars as a percentage of balance sheet loan commitments, including operating leases. The gross coverage ratio for non-performing loans or “doubtful outstandings" is calculated as the ratio of provisions recognised in respect of the credit risk to gross outstandings identified as in default within the meaning of the regulations, without taking account of any guarantees provided. This coverage ratio measures the maximum residual risk associated with outstandings in default ("non-performing"). SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 74#75METHODOLOGY (2/2) 6-ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 43 and 44 of Societe Generale's 2022 Universal Registration Document. This measure makes it possible to assess return on equity and Societe Generale's return on tangible equity. RONE (Return on Normative Equity) determines the return on average normative equity allocated to the Group's businesses, according to the principles presented on page 44 of Societe Generale's 2022 Universal Registration Document. The net result by the group retained for the numerator of the ratio is the net profit attributable to the accounting group adjusted by the interest to be paid on TSS & TSDI, interest paid to the holders of TSS & TSDI amortization of premiums issues and the impairment of goodwill. 7 - Net assets and tangible net assets are defined in the methodology, page 46 of the Group's 2022 Universal Registration Document. 8- Calculation of Earnings Per Share (EPS) The EPS published by Societe Generale is calculated according to the rules defined by the IAS 33 standard (see page 45 of Societe Generale's 2022 Universal Registration Document). The corrections made to Group net income in order to calculate EPS correspond to the restatements carried out for the calculation of ROE and ROTE. For indicative purpose, the Group also publishes EPS adjusted for the impact of exceptional items and for IFRIC 21 adjustment (Underlying EPS). 9 - The Societe Generale Group's Common Equity Tier 1 capital is calculated in accordance with applicable CRR2/CRD5 rules. The phased-in ratios include the earnings for the current financial year and the related provision for dividends. The difference between phased-in ratio and fully-loaded ratio is related to the IFRS 9 impacts. The leverage ratio is calculated according to applicable CRR2/CRD5 rules including the phased-in adjustment in accordance with solvency ratios. 10 - The liquid asset buffer or liquidity reserve includes 1/ central bank cash and deposits recognised for the calculation of the liquidity buffer for the LCR ratio, 2/ liquid assets rapidly tradable in the market (High Quality Liquid Assets or HQLA), unencumbered net of haircuts, as included in the liquidity buffer for the LCR ratio and 3/ central bank eligible assets, unencumbered net of haircuts. 11 - The "Long Term Funding" outstanding is based on the Group financial statements adjusted by the following items for a more economic reading: interbank liabilities and debt securities issued with a maturity above one year at inception. Issues placed in the Group's Retail Banking network (recorded in medium/long-term financing) are removed from the total of debt securities issued. Note: The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding rules. All the information on the results for the period (notably: press release, downloadable data, presentation slides and supplement) is available on Societe Generale's website www.societegenerale.com in the "Investor" section. SOCIETE GENERALE 4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023 75