Commentary & Deal Flow

Reoffer: 2yr: 3mE+38bp / 100 5yr: MS+68bp / 99.801 / 3.419%
Benchmark: 5yr: OBL 2.5 16-Apr-31 @ 99.51 / B+81.3bp / HR 102%

Tranche 1 (2yr FRN): Peak book above €3.5bn+
Tranche 2 (5yr FXD): Peak book above €3.6bn+

Launched:
2yr: €1.25bn @ 3mE+38bp - Books above €3.5bn+
5yr: €750m @ MS+68bp - Books above €3.6bn+
Book Update: Combined books in excess of €4.25bn (equally split)
IPTs: 2yr: 3mE+60a 5yr: MS+95/100bp

• Issuer: Societe Generale
• LEI: O2RNE8IBXP4R0TD8PU41
• Status of the Notes: Senior Preferred Notes
• Issuer Ratings: A1 negative / A positive / A+ stable (Moody's/S&P/Fitch)
• Expected Issue Ratings: A1/A/A+ (Moody's/S&P/Fitch)
• Form: Reg S, Dematerialised Notes in bearer form
• Size:
• • 2yr FRN: €1.25bn
  • 5yr FXD: €750m
• Settlement: 07-Jul-26 (T+4)
• Maturity:
• • 2yr FRN: 07-Jul-28
  • 5yr FXD: 07-Jul-31
• Reoffer:
• • 2yr FRN: 3mE+38bp / 100
  • 5yr FXD: MS+68bp / 99.801 / 3.419%
• Benchmark:
• • 5yr FXD: OBL 2.5 16-Apr-31 +81.3bp / @ 99.51 / HR 102%
• Coupon:
• • 2yr FRN: 3-month Euribor+38bp, payable quarterly in arrear on each Interest Payment Date, ACT/360
  • 5yr FXD: 3.375% per annum, payable annually in arrear on each Interest Payment Date, ACT/ACT ICMA
• ISIN:
• • 2yr FRN: FR0014019PT2
  • 5yr FXD: FR0014019PV8
• Early Redemption Events: The Issuer may, at its option, under certain conditions, redeem in whole but not in part the Notes, prior to their Maturity Date, following the occurrence of a Special Tax Event, Withholding Tax Event or a MREL or TLAC Disqualification Event at par together with accrued interest
• Clean-up Redemption Option: Applicable (75%)
• Conditions to redemption, purchase or cancellation prior to the Maturity Date: The Notes may only be redeemed, purchased or cancelled (as applicable) subject to the prior permission of the Relevant Resolution Authority, to such redemption, purchase or cancellation (as applicable)
• Waiver of Set-off: Noteholders waive any right of set-off, compensation and retention in relation to the Notes, to the extent permitted by law
• Acknowledgement of Bail-In and Write-Down or Conversion Powers: Each Noteholder acknowledges, accepts, consents and agrees to be bound by the effect of the exercise of the Bail-in Power by the Relevant Resolution Authority or the Regulator
• Events of Default: None
• Denominations: €100,000 + €100,000
• Listing: Euronext Paris
• Governing Law: French Law
• Sole Bookrunner: Societe Generale (B&D)
• JLM (no books): BBVA, Helaba, IMI - Intesa Sanpaolo and Nordea
• Documentation: Under the Issuer’s Euro Medium Term Note Paris Registered Programme (the « Programme »): Base Prospectus dated 18-Dec-25 (as supplemented), as well as the Final Terms, when published, are available on http://prospectus.socgen.com/ and https://www.amf-france.org/
• Target Market: Manufacturer target market (MIFID II / UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs KID or UK PRIIPs KID/CCI product summary will be prepared as not available to EEA and UK retail investors
• Timing:
• • 2yr FRN: Priced. TOE 16:51 CET / FTT 17:10 CET
  • 5yr FXD: Priced. TOE 16:53 CET / FTT 17:10 CET