London, 12 May 2010

GDF SUEZ and Societe Generale will pursue separately the development of their gas and electricity trading activities in Europe. GDF Suez and Societe Generale announce their intention to pursue separately their respective development in energy trading, and not to renew their partnership in the realm of gas and electricity trading in Europe via their Gaselys subsidiary. Gaselys was created in 2001 by Gaz de France (51%) and Societe Generale (49%) in the context of the European gas and electricity markets liberalisation. GDF Suez and Societe Generale consider the partnership to have been mutually beneficial during these 10 years.

To this effect, Societe Generale will sell its part in the joint venture (49%) to GDF Suez and will pursue its ambition in this field with its own model and in connection with its other activities.

Active in commodities for more than twenty years, Societe Generale has ambitious development plans in this strategic area. The bank will redeploy its gas and electricity trading activities within its Commodities markets division in order to provide its clients with a complete energy offer that combines gas, electricity, coal and oil solutions in Asia, Europe and in the Americas.

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