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Investor Presentaiton

NET INTEREST MARGIN UNDER PRESSURE BEFORE A REBOUND IN 2024 KEY CONSIDERATIONS Specificities of the French retail market: impact of regulated savings (~EUR -400m) and of the usury rate on loans End of the benefit of the TLTRO (~EUR -300m) Benefit from positive rates on deposits temporarily offset in 2023 due to short-term hedging policy Materialisation of positive rates starting in 2024 as hedges progressively mature. MAIN ASSUMPTIONS Evolution of loan and deposit outstandings in line with current environment Trajectory based on March 2023 forward rates SOCIETE GENERALE _French retail banking expected net interest margin FY 22 Regulated Loans TLTRO savings Deposits Other FY23 FY24 & Hedging 1ST QUARTER 2023 RESULTS | 12 MAY 2023
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