Citigroup Completes Acquisition of Selected Debt Obligations

Societe Generale Announces Results of the Offer to Purchase Certain of its Debt Securities

Paris, France, April 8, 2025 - Societe Generale, a leading European financial institution, today announced the results of its offer to purchase certain of its debt securities.

The offer, which was launched on March 25, 2025, was aimed at purchasing up to €1.5 billion principal amount of its outstanding 2.50% Notes due 2027, 3.00% Notes due 2030, and 4.25% Notes due 2032. The offer was open to all registered holders of these notes.

As of the offer's expiration date, April 7, 2025, Societe Generale received tenders from holders of approximately €1.4 billion principal amount of the eligible notes. The bank intends to purchase the entire tendered amount, which will be settled on April 14, 2025.

"We are pleased with the strong response to our offer and the opportunity to refinance a significant portion of our debt at attractive rates," said Societe Generale's Chief Financial Officer. "This transaction demonstrates our commitment to managing our capital structure and maintaining a strong financial position."

The purchase of these debt securities is part of Societe Generale's ongoing efforts to optimize its capital structure and improve its financial flexibility. The bank will continue to evaluate opportunities to refinance or redeem its debt securities in the future.

Societe Generale is a leading European financial institution that provides a wide range of financial services to individuals, businesses, and institutions. With a presence in over 70 countries, the bank is one of the largest financial institutions in Europe.