London, 25 November 2011

Societe Generale announces the sale of its 50% stake in ORBEO - the joint venture between Rhodia and Societe Generale dedicated to greenhouse gas emission reductions - to Rhodia, a member of the Solvay group.

The bank’s carbon offering will be reinstated within its energy platform in Europe giving clients tailor-made solutions combining carbon, gas, power, coal and oil. Societe Generale will also be able to leverage on the carbon expertise acquired through its partnership with ORBEO to offer its clients access to carbon markets together with energy risk management solutions – the core expertise of the bank’s commodities business.

The closing of this transaction, expected by the end of 2011, is subject to ORBEO’s withdrawal of its status as an “investment firm” by the French Prudential Supervision Authority (Autorité de Contrôle Prudentiel).

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