Societe Generale

Annual General Meeting and Board of Directors dated 19 May 2020

ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS DATED 19 MAY 2020

Regulated information

Paris, 19 May 2020

Annual General Meeting

The combined General Meeting of shareholders of Societe Generale was held on 19 May 2020 at Tours Société Générale - 17 Cours Valmy - La Défense 7, without shareholders or other authorized participants being physically present and was chaired by Mr Lorenzo Bini Smaghi.

Quorum was established at 62.757% (vs. 54.51% in 2019):

• 18,643 shareholders voted online;
• 10,254 shareholders voted by post;
• 9,337 shareholders, including 8,609 online, representing 0.54 % of the share capital, gave proxy to the Chairman;
• 20,055 shareholders were present or represented.

All the resolutions put forward by the Board of Directors were adopted, in particular:

• The 2019 annual and consolidated accounts;
• The renewal of one director for 4 years: Mr Juan Maria Nin Génova;
• The appointment of a director for 4 year: Mrs Annette Messemer;
• The compensation policy for the Chairman, Chief Executive Officers and the directors;

• The components composing the total compensation and the benefits of any kind paid or awarded for the 2019 financial year to the Chairman and the Chief Executive Officers;
• The share capital increase authorisations, in particular the one allowing the issuance of shares in favour of employees as part of a company or group employee savings plan, as well as the authorisation to allocate performance shares existing or to be issued, were renewed for 26 months;

• The new rules regarding the crossing of statutory thresholds;
• The modification of the by-laws in connection with the appointment of a director representing the employees shareholders at the board of directors as the General Assembly 2021; and
• The modification of the by-laws in connection with taking into consideration by the Board of directors of the social and environmental stakes of the activity of the Company.

             
The detailed result of the votes is available this day on the Company's website under the section “Annual General Meeting”.

Board of Directors

Following the General Meeting, the Board of Directors comprising 14 members is composed as follows:

• Mr Lorenzo Bini Smaghi, Chairman;
• Mr Frédéric Oudéa, Chief Executive Officer and Director;
• Mr William Connelly, Director;
• Mr Jérôme Contamine, Director;
• Mrs Diane Côté, Director;
• Mrs Kyra Hazou, Director;
• Mrs France Houssaye, Director elected by employees;
• Mr David Leroux, Director elected by employees;
• Mr Jean-Bernard Lévy, Director;
• Mr Gérard Mestrallet, Director;
• Mr Juan Maria Nin Genova, Director;
• Mrs Annette Messemer, Director;
• Mrs Lubomira Rochet, Director and
• Mrs Alexandra Schaapveld, Director.

42.9% of Board of Directors’ members are women including 5 women appointed by the General Meeting (41.6%). The rate of independent Directors is higher than 90% (11/12) according to the calculation method of the AFEP-MEDEF corporate governance Code.