SOCIETE GENERALE GROUP RESULTS

1 4th quarter and full year2021| GENERALE GROUP RESULTS4 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 ThefinancialinformationonSoci t G n raleforits4thquarterand2021financialresu ltscomprisesthispresentationandadedicate dpressreleasewhichareavailableonthewebsi te: ,bothgeneralandspecific,inparticularthea pplicationofaccountingprinciplesandmetho dsinaccordancewithIFRS(InternationalFina ncialReportingStandards)asadoptedintheEu ropeanUnion, :-anticipatealltherisks,uncertaintiesoro therfactorslikelytoaffectitsbusinessandt oappraisetheirpotentialconsequences; ,althoughSocieteGeneralebelievesthatthes estatementsarebasedonreasonableassumptio ns,theseforward-lookingstatementsaresubj ecttonumerousrisksanduncertainties,inpar ticularintheCovid-19crisiscontext,includ ingmattersnotyetknowntoitoritsmanagement ornotcurrentlyconsideredmaterial, ,amongothers,overalltrendsingeneralecono micactivityandinSocieteGenerale smarketsinparticular,regulatoryandpruden tialchanges,andthesuccessofSocieteGenera le sstrategic, sfinancialresultscanbefoundinthesection RiskFactors inourUniversalRegistrationDocumentfiledw iththeFrenchAutorit desMarch sFinanciers( ).

2 , , (publications,surveysandforecasts) AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 Click to add title4 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 Click to add titleHIGH PERFORMANCEACROSS BUSINESSESR evenues+16%(1)(17%(1)*)vs. 2020 Proposed distribution~EUR 470m share buy-back completed end 2021 Gross Operating Income+51%(1)(54%(1)*)vs. 2020 Low cost of risk13 bpsGROUP NET INCOME AT EUR (EUR (1)IN UNDERLYING) ROTE AT ( (1) IN UNDERLYING)Record Financing & Advisory and financial Serviceseq. EUR (4)RECORD ANNUAL NET EARNINGS(1)Underlying data: adjusted for exceptional items (see Supplement) (2) IncludingIFRS9 phasing, fully-loaded(3) ~450 bps as of followingSREP notification (4) Based on a payoutof 50% of the underlying GROUP net income afterdeductionof interestson deeplysubordinatednotes and undatedsubordinatednotes, subjectto usualapprovalsfromGeneral meeting and ECB*when adjusted for changes in GROUP structure and at constant exchange ratesATTRACTIVE DISTRIBUTIONANNUAL GUIDANCE METC osts CET (2)<2 O b p sP o s i t i v e j a w s> 2 0 0 b p s o v e r M D A+ (1)o/w cash dividendEUR (4)o/w share buy-backeq.

3 EUR (4)~470 bps(3) over MDAGood dynamics in retail businesses( total amount of ~EUR 915m) shares repurchased and cancelledVery strong Global Markets44 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022A YEAR OF STRONG ACHIEVEMENTS AND BUSINESS DEVELOPMENTSUCCESSFULLY EXECUTING OUR ROADMAPSF rench Retail:Good commercial dynamic while merger progressing according to plan ALD: Strengthening competitive edge in mobility through innovative sustainable solutions and improved efficiency Market Activities:Excellent performance throughout the year with successful repositioning of structured products and reduced risk profileInternational retail banking:Stepping-upoperational efficiency and digitalisationFinancing & Advisory:Strong and sustainable growth across all businesses leveraging on strong momentum and increased capital allocationBoursorama.

4 Strong business growth with client acquisition ~1 year ahead of planSTRATEGIC REALLOCATION OF CAPITALC ompletion of the refocusing programmeannounced in 2017 with the closing of Lyxordisposal on acquisition of LeasePlan by ALD to create a global mobility player~+80 bps2024 EROTE~-40 bpsCET 1 AT CLOSINGA nnouncement of exclusive discussion of Boursoramawith ING to offer ING retail customers in France the best alternative banking solutionVery limited expected impact on the GROUP s CET 1 ratio54 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 EMBEDDING ESG ACROSS BUSINESSESDRIVING SUSTAINABLE CHANGEOUR CORPORATE PURPOSE IN ACTIONA LEADING BANK FOR SUSTAINABILITYAAA TOP3% MSCI2021 Investment Bank of the Year for Sustainability#1 Best Bank for Sustainable FinanceOn track to meet -10% target in oil and gas extraction sector by 2025 Full exit by 2023 of US onshore Reserve Based Lending (limited remaining exposure, ~USD 500m, ~ -60% vs.)

5 2019)Marginal residual exposure to thermal coal securing full exit by 2030/2040(1)> EUR 150bn to support the energy transition, exceeding the EUR 120bn target (2019-2023), 2 years ahead of scheduleLeading industry initiatives:. Founding member of Net Zero Banking Alliance. Co-lead Steel Climate-Aligned Finance working groupDeploying innovationto support our clientsGBIS. Addressing clientneeds across the energy transition valuechain. Structuring newhydrogen strategiesFRENCHRETAIL. Launch ofE&Sloanoffer. 100% SRIsavings rangeIBFS. Global leader in sustainable mobility. Spearheadingthe expansion of sustainablefinance in ourgeographies(1) 2030 in EU and OECD countries, 2040 elsewhere64 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 ANCHORING THE GROUP S RESPONSIBILITYSAVINGSCONTRIBUTING TO SOCIETY AND ENGAGED WITH STAKEHOLDERSACCELERATING SUSTAINABILITY IN FRENCH RETAIL NETWORKSM aintaining the local presence and strengthening the positive local impact Developing business with a social impactActing as a responsible employer.

6 Major reskilling programmeand no compulsory departuresPURSUING THE GROUP S 30% 2023 DIVERSITY TARGET% Women in General Management team increased to 33%, in Key GROUP Positions to 25% (vs 21% in 2020)PROMOTING A SUSTAINABILITY CULTURE THROUGH ESG TRAINING~40 000 trained on E&S risk, ~10 000 on energy transition in 2021, ESG portal for all staffLAUNCH OF THE SG FOUNDATION THE FUTURE IS YOU COMMITTED TO BEST-IN-CLASS STANDARDS IN compliance AND CULTURE & CONDUCTDISMISSAL OF LEGAL PROCEEDINGS RELATED TO AGREEMENTS REACHED WITH US AUTHORITIES IN 2018 Completion of major remediation and Culture & Conduct programmesREINFORCING THE compliance FRAMEWORK ACROSS BUSINESSES AND GEOGRAPHIESL everaginginnovative data & Artificial Intelligence techniques74 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 MEANINGFUL AND CONSISTENT RESULTS IN DIGITAL(1)ExcludingAFMO(2)Includes core product sales only (current accounts, deposits, credit cards, personal loans, mortgages, non-life insurance and investment accounts)(3)

7 Net Promoter ScoreSM66%digitalretailclients(1)>EUR200 mestimated yearly value creation throughdata &AI (340+ use cases in production)39%of digitalretailclient acquisitionUndisputedleader inonlinebanking inFranceTRANSFORMING OUR BUSINESSES TO FURTHER ENHANCE CLIENT SATISFACTION28%of digitalretailsales(2)N 1 French bankin NPS(3)DEPLOYING THE TECHNOLOGICAL LEVERS TO SUPPORT BUSINESS AND EFFICIENCY>80% Infrastructure on cloud (Public and Private Cloud)>60% IT team working on agile modeA WINNING STRATEGY ADRESSING NEW CLIENTS NEEDSKBG roup1)French RetailBRDR osbank66% 69% 69% 44% 72% +11ppyoy>2,000 APIs reusable within the GROUP APIs catalog84 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 SCALING-UP NEW VALUE CREATING BUSINESS MODELS+60%clientsin 2021>80digital players hosted on the platform1steverEIB-issueddigital bonds via CBDCx2revenues in 2021 BaaS.

8 Embedded Finance &e-comDigital AssetsPersonalizedFinancial AdvisoryData-driven lendingDigital payments & digital currenciesNEW BUSINESS MODELS IN ACTION5 STRATEGIC GROWTH AREASLEVERAGING ON GROUP EXPERTISE5disruptive transactions7mvehicles proposed in the catalog>100kcustomersEUR 33bnof cumulative transaction volumes (+32% in 2021)9 GROUP PERFORMANCE24 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022 UNDERLYING GROUP NET INCOME AT EUR (1),ROTE AT (1)REPORTED GROUP NET INCOME AT EUR , ROTE AT _Underlyinggrossoperating income(1)(EURm)1,5201,886Q4 20Q4 21Q4 191,618+17%_Change in underlyingrevenues and costs(1) Q4 21/Q4 20+ + OPERATING INCOME+24%POSITIVE JAWS ACROSS BUSINESSESQ4 21:ROBUSTGROSSOPERATING INCOME(1) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation(see Supplement)COST/INCOME RATIO_Underlyingcost/incomeratio(1) 20Q4 19114 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022124 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20222020 COST EVOLUTION (2021/2020)202116,50417,211+ compensation costs_Underlying costs(1) (EURm)+116+701-40 COST/INCOME RATIO cost/income(1) 2021 C/I RATIOEXCL.

9 SRF EXPECTED BETWEEN 66% AND 68% IN 2022 AND IMPROVING ONWARDS_Changeinunderlying revenues and costs(1) 2021/2020+ + JAWS M&A2021, CONTINUOUS COST pptOther costs-70(1) Underlying data: adjusted for exceptional items (see Supplement)124 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY RETAIL BANKINGINTERNATIONAL RETAIL BANKING AND financial SERVICESGLOBAL BANKING AND INVESTOR SOLUTIONSGROUP2020 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 2021 _Costof risk(1)(in bps)150 DEC 17 DEC 18 DEC 19 DEC 20 SEP 21 DEC 21 NON-PERFORMING LOANS RATIO(2)GROSSCOVERAGE RATE: 51% at end-December 2123378944-152428214574396-4528381564211 11554613 LOW COST OF RISK ACROSS ALL BUSINESSES (1) Calculated based on Gross loans outstanding at the beginning of period (annualised)(2) According to new EBA methodology published on 16 July 2019. The NPL rate calculation was modified in order to exclude thenet accounting value of the tangible assets for operating lease from the gross exposure in the denominator.

10 Historical data restated (see Supplement) 2022 COST OF RISK EXPECTED BELOW 30 BPS 134 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 20224 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 202259367-132312322218-81,368-2491,2861, 939949Q4 21 STAGE 1/STAGE 2 TOTAL PROVISIONS_Costof risk(in EURm)COST OF RISK2,282_Total provisions(1) (in EURm) 2 Stage 13,6221,2312,3791,0511, 3Q4 20 Stage 1/Stage 2689(54 bps)3,4862,1621,324 LIMITED DEFAULTS, PRUDENT PROVISIONING(1) Quarterly variation of provisions for S1/S2 is not strictly matching the net S1/S2 cost of risk mainly due to FX ,3551,9871,3683,306(64 bps)700(13 bps)20192021371(29 bps)Q4 19202086(6 bps)1,278(25 bps)144 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY 2022154 THQUARTER AND FULL YEAR 2021 RESULTS10 FEBRUARY (1) (1)_Q421change in CET 1(1)ratio (in bp)Organic capital generation post provision for distribution(2)+18 bpsIFRS 9 phasing+19 bpsIFRS 9 phasingSale of (1)+28 bpsIFRS 9 phasingOtherSOLID CET 1 AT AT YEAR-END(1) Including IFRS 9 phasing, fully loaded.