PRESS RELEASE
Paris, 4 June 2018
Update of the information related to litigations
Societe Generale has reached agreements in principle with the U.S. Department of Justice ("DOJ") and the U.S. Commodity Futures Trading Commission ("CFTC") to resolve their investigations relating to Societe Generale's IBOR submissions ("IBOR matter"), and with the DOJ and the French Parquet National Financier ("PNF") to resolve their investigations relating to certain transactions involving Libyan counterparties ("Libyan matter").
The PNF and DOJ agreements require judicial approval and have been submitted to the competent French and U.S. courts for hearings on June 4th and June 5th, respectively.
The monetary penalties to be paid are fully covered by the provision allocated to the IBOR and Libyan matters and booked in Societe Generale's accounts. As a result, these payments will have no impact on Societe Generale's results.
Societe Generale cannot further comment on terms of these agreements, but will provide more details once they are made public by the relevant authorities/agencies.
Press contacts Paris:
Laetitia Maurel - +33 1 42 13 88 68 - laetitia.a.maurel@socgen.com
Antoine Lhéritier - + 33 1 42 13 88 68 - antoine.lheritier@socgen.com
Pascal Hénisse - + 33 1 57 29 54 08 - pascal.henisse@socgen.com
Press contact New-York:
James Galvin - + 1 212 278 71 31 - jim.galvin@sgcib.com
Societe Generale
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.
Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 147,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:
Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com
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