Universal Registration Document, Lecture notes of Japanese

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Universal

Registration

Document

2020

including the annual

financial repo t

CONTENTS

Group structure 4

ACTIVITY 5

1.1 Key figures as at December 31, 2020 6 1.2 2020 highlights 8

CORPORATE GOVERNANCE 13

2.1 Corporate Governance as at December 31, 2020 14 2.2 Board of Director’s report on corporate governance 15 Information on the corporate officers 18 Senior management remuneration policy 25 Ordinary General Shareholders’ Meeting of May 27, 2021: draft resolutions 37 2.3 Statutory Auditors’ special report on related-party agreements 39

MANAGEMENT REPORT 41

3.1 Management Report 42 3.1.1 Presentation of Crédit du Nord Group’s situation during Financial Year 2020 42 3.1.2 Internal control and risk management procedures relating to the preparation and processing of accounting and financial information 57

FINANCIAL STATEMENTS 69

4.1 Consolidated financial statements 70 Consolidated financial statements 70 Notes to the consolidated financial statements 76 Statutory Auditors’ report on the consolidated financial statements 165 4.2 Annual financial statements 170 2020 Management Report 170 Five-year financial summary 174 Main changes in the securities portfolio in 2020 175 Individual balance sheet at December 31 176 P&L account 178 Notes to the annual financial statements 179 Statutory auditors’ report on the financial statements 219

RISKS AND CAPITAL ADEQUACY 225

5.1 Risk factors 228 5.2 Risk management system 238 5.3 Capital management and adequacy 243 5.4 Credit risk 250 5.5 Counterparty risk 271 5.6 Market risk 273 5.7 Operational risk 279 5.8 Structural interest rate risk 285 5.9 Liquidity risk 288 5.10 Non-compliance, reputational and legal risks 292 5.11 Model risk 294 5.12 Risks related to insurance activities 295 5.13 Other risks 296

CORPORATE SOCIAL

RESPONSIBILITY (CSR) 299

6.1 A business model that sets CSR as the foundation of the company’s transformation programme 305 6.2 Non-financial risk policy for sustainable management of the business 314 6.3 Notes 345 6.4 Independent Auditor’s Report on the Consolidated Non-financial Performance Report 351

ADDITIONAL DISCLOSURES 355

7.1 General description of Crédit du Nord 356 7.2 Group activity 359

PERSON RESPONSIBLE FOR

THE UNIVERSAL REGISTRATION

DOCUMENT 361

8.1 Person responsible for the Universal Registration Document 362 8.2 Certification by the person responsible for the Universal Registration Document and the Annual Financial Report 362 8.3 Statutory Auditors 363

CROSS-REFERENCE TABLES

AND ISSUER STATEMENT 365

9.1 Cross Reference table 366 9.2 Statement by the issuer 371

1

5

6

7

8

9

2

3

4

Group structure

The diagram below shows the links between the main Crédit du Nord Group entities. Direct shareholdings are listed as well as the overall percentage of capital directly or indirectly held by the Group. The consolidation scope is presented in its entirety in Note 7.5.

41%

21.43%

78.54%

59 %

SOCIETE MARSEILLAISE DE CREDIT

BANQUE COURTOIS

KOLB INVESTISSEMENT

SOCIETE DE BANQUE MONACO

BANQUE RHONE-ALPES

BANQUE LAYDERNIER

BANQUE POUYANNE

BANQUE TARNEAUD

BANQUE NUGER

BANQUE KOLB

NORBAIL SOFERGIE

S.F.A.G. SDB GILBERT DUPONT

NORBAIL IMMOBILIER

ANTARIUS

S.F.A.G.

ETOILE ID STAR LEASE

SDB GILBERT DUPONT

CREDIT DU NORD

1

ACTIVITY

Ratios

Cost of risk/Outstanding loans 0.28% 0.09 %

Common Equity Tier 1 Ratio (Basel 3 fully-loaded) 13.4 % 11.3 %

Total capital ratio (Basel 3 fully -loaded) 16.6 % 14.2 %

Ratings

Fitch ST F1 F

LT A- A Intrinsic* bbb+ bbb+

• The intrinsic rating is Crédit du Nord Group’s individual rating as determined by the rating agency, i.e. separate from Societe Generale Group.

Key figures as at December 31, 2020

1

ACTIVITY

1.2 2020 highlights

Customer support

Covid-19 crisis: Crédit du Nord Group standing firm alongside corporate and professional customers Crédit du Nord Group supported its corporate and professional customers by helping them cope with the consequences of the coronavirus crisis on their business. Substantial effort was made to examine each customer’s individual circumstances in order to find the most appropriate solutions for overcoming this exceptional crisis: fast-track credit approval procedures for cash flow shortages, arranging loans without penalty fees or additional costs, flexible short-term credit solutions, relaying government measures (during appointments with customers, taking the time to communicate and explain government aid measures such as deferred social security or tax payments, public guarantee mechanisms such as BPI, etc.). Crédit du Nord Group also set up the government-backed loan system for its corporate and professional customers. In a bid to address the consequences of the coronavirus outbreak on the business of its corporate and professional customers, the Crédit du Nord Group banks offered its customers access to the exceptional additional loan scheme established by the public authorities.

Roll-out of contactless debit card payments for up to € From the very start of the health crisis, contactless payment emerged as a protective measure capable of limiting the risk of contamination, for customers and retailers alike, in making everyday local purchases. In accordance with the procedures of the Visa and Mastercard debit card networks, Crédit du Nord Group helped implement the joint initiative calling for the cap on the amount of each purchase made via contactless payment in France to be gradually raised from €30 to €50. This was just one of multiple innovative solutions already offered by Crédit du Nord Group in terms of mobile payments via Apple Pay and Samsung Pay.

Launch of the new Antarius Patrimoine Evolution life insurance policy Crédit du Nord Group expanded its life insurance range with a new policy tailored to wealth management customers. The aim of the new policy is to help savers manage their financial assets with an innovative, diversified and progressive range of solutions. In addition to a euro- denominated vehicle, a wide range of unit-linked vehicles is on offer to meet each customer’s wealth management objectives. The policy evolves as the customer’s assets evolve over time. In that way the customer benefits from the “Private Banking” approach, gaining access to new open- architecture vehicles and dedicated advisory services.

CSR approach: aiming for autonomous, environmentally-friendly chequebook management for Crédit du Nord Group Crédit du Nord Group gives its individual customers the flexibility to order their chequebooks, in line with an eco- responsible approach. Although Group banks no longer offer automatic chequebook renewal, customers can still order them from their secure online account or using their mobile app, 24 hours a day/7 days a week. They can also still place an order when stopping by the bank. To make things easier, the new chequebook can be delivered to their home by registered mail, free of charge. This initiative will reduce paper consumption by 2.3 metric tons per year.

2020 highlights

1

ACTIVITY

Innovation

Open innovation: partnership with the students of the Web School Factory In keeping with its open innovation approach, Crédit du Nord Group joined the Innovation Factory entrepreneurial ecosystem, the first digital innovation cluster in Paris. With this partnership, the Group enhanced its open innovation approach, aimed at developing and ramping up the implementation of digital projects. This partnership illustrates its commitment, as a company involved in the community, to help provide training in digital expertise. Crédit du Nord Group combines the ideas of the Web School Factory students with those of its banking teams in accordance with various approaches, applying them to various projects and challenges.

Open Banking: partnership with PayFit, a solution designed to simplify payroll and human resources management This new partnership with start-up PayFit rounds out the Group’s enhanced range of banking and non-banking services for entrepreneurs. It falls under the global approach to innovation and reliance on trusted external parties to expand Crédit du Nord Group’s range of customer service solutions. These meticulously selected solutions are offered via an online agora, rolled out for the Group's 9 banks.

Group events

Société de Banque Monaco: a new banking player in the Principality of Monaco Société de Banque Monaco became the 9th^ bank of Crédit du Nord Group on May 16, 2020. It is aligned with the Group’s original model of banks with extensive regional roots: a Monegasque bank for Monegasque entrepreneurs. Crédit du Nord Group merged the Crédit du Nord and Société Marseillaise de Crédit banners, boasting a longstanding history in Monaco, into a single bank, dubbed Société de Banque Monaco, in order to better participate in the economic development of the Principality. The new bank serves individual, professional and corporate customers.

Plan to merge Crédit du Nord Group with Societe Generale’s BDDF (French Retail Banking) division: a model combining the best of human and digital expertise in the interest of customer satisfaction The Group is working to strengthen its differentiating stance on the French market by drawing on the complementarity of i) a retail banking model combining digital and human expertise and ii) a full-digital banking model. The merger of the Crédit du Nord Group and BDDF banking networks will establish a new entity serving nearly 10 million customers (corporates, professionals and individuals). The ambition is to be a leader in customer satisfaction and to establish a higher-profitability banking model incorporating the highest standards in terms of responsibility.

2020 highlights

1

ACTIVITY

Appointments

Bruno DELEMOTTE, previously Chief Risk Officer of Marseillaise de Crédit, was appointed Deputy Head of the Risk Division of Crédit du Nord Group.

Pierre HAREL, previously Deputy Head of the Risk Division of Crédit du Nord Group, was appointed Corporate Secretary of Crédit du Nord Group, and Head of Group CSR.

Stéphane LABAT SAINT VINCENT, previously Corporate Secretary of Crédit du Nord Group, was appointed Inspector General of Crédit du Nord Group.

Vincent THEBAULT, previously Head of the Culture and Conduct programme for the Group, was appointed Chairman of the Management Board of Banque Laydernier. As such, he also became a member of the Crédit du Nord Group Management Committee Thierry VEAU, Chief Compliance Officer of Crédit du Nord Group, reporting to General Management, became a member of the Crédit du Nord Group Management Committee.

2020 highlights

CORPORATE

• 1.1 Key figures as at December 31,
• 1.2 2020 highlights
  • ACTIVITY
• 2.1 Corporate Governance as at December 31,
• 2.2 Board of Director’s report on corporate governance
  • Information on the corporate officers
  • Senior management remuneration policy
  • Ordinary General Shareholders' Meeting of May 27, 2021: draft resolutions
• 2.3 Statutory Auditors’ special report on related-party agreements - GOVERNANCE

2

CORPORATE GOVERNANCE

2.1 Corporate Governance as at December 31, 2020

Crédit du Nord Group Management Committee

The Group Management Committee has around 30 members and meets once a month. Meetings are held at Crédit du Nord’s head office in Paris, via conference call or video conference. The Group Management Committee discusses the Group’s strategy and matters in its general interest.

Name Function Françoise MERCADAL DELASALLES Chief Executive Officer, Crédit du Nord (CDN) Jean-Louis KLEIN Deputy Chief Executive Officer, CDN Christian BONHOMME Chairman of the Management Board, Banque Nuger Philippe DELACARTE Chairman of the Management Board, Banque Rhône-Alpes Bruno DELEMOTTE Deputy Chief Risk Officer Bruno DESCHAMP Chairman of the Management Board, Société Marseillaise de Crédit Frédéric DI SCALA Chairman of the Management Board, Banque Kolb Jean DUMONT Regional Manager, Northern France (CDN) Marc DUSSART Head of Corporate Finance Michel GASSIE Group CDN Chief Financial Officer Pierre HAREL Corporate Secretary and Head of CSR Hervé JIMBLET Head of Customer Support Eric L’HÔTE Head of Communications Stéphane LABAT SAINT VINCENT Inspector General Frédéric LARGERON Head of Wealth Management and Private Banking Clients Yvon LEA Head of Major Clients, Project Finance and Real Estate Finance Béatrice LELIEVRE Head of Data, Architecture and Project Services Pascal MATHIEU Head of Gilbert Dupont (brokerage firm) François ORAIN Regional Manager, Ile de France and Loiret (CDN) Didier PARISET Regional Manager, North Western France (CDN) Alain QUENTIN Head of Corporate Clients Hervé ROGEAU Chairman of the Management Board, Banque Courtois Marc SALLE de CHOU Chief Executive Officer, Société de Banque Monaco Hélène SAUVAN CDN Group Head of Human Resources Pierre SOUVRAS Chief Risk Officer Vincent THEBAULT Chairman of the Management Board, Banque Laydernier Thierry VEAU Chief Compliance Officer Ludovic VANDEVOORDE Head of Retail Customers, Payments and Innovation Benoit VANDERMARCQ Chairman of the Management Board, Banque Tarneaud

Zakaria MOURSLI attends Management Committee meetings where he represents ITIM as Head of IT Networks, France.

Corporate Governance as at December 31, 2020

2

CORPORATE GOVERNANCE

The Board of Directors had 13 members at December 31, 2020, including five independent directors chosen for their expertise and commitment to the company, and three employee-representative directors. Directors are appointed for four years, except for employee-representative directors, who are elected for three years. Since the General Shareholders’ Meeting of May 2019, all directors who are natural persons have returned their loaned shares and are no longer shareholders of the Bank. The company’s by-laws have been amended accordingly. Crédit du Nord therefore has two shareholders: Societe Generale and Sogeparts, a wholly-owned subsidiary of Societe Generale, which owns one Crédit du Nord share. The Board is mandated by the shareholders and its decisions are made collectively. The organisation and functioning of the Board are described in the next chapter, and in the Board Rules, which are available on the Bank’s website – www.credit-du-nord.fr – under “Publications/VIII - Autres documents” The Board Rules stipulate the conditions under which directors can participate in meetings through video conferencing or other telecommunication methods. Crédit du Nord complies with the law of January 27, 2011 governing the principle of balanced representation of women and men on the Board. At December 31, 2020, five women sat on the Board of Crédit du Nord, bringing the representation rate of women to 50%, excluding employee directors. Like its parent company, Societe Generale, of which it is a wholly-owned subsidiary, Crédit du Nord applies the AFEP‑MEDEF Corporate Governance Code (updated in January 2020, document available at www.hcge.fr), with the exception of certain provisions:

— evaluation of the Board of Directors: this recommendation, scheduled for 2020, could not be carried out due to the very busy agendas of the board meetings. It will be observed in 2021; — provision of a biography on candidates proposed during General Shareholders’ Meetings: each candidate’s qualifications are carefully reviewed by the Appointment Committee, which transmits the necessary information to the Board members at the meeting prior to the review of the candidate (reappointment, co-opting, appointment) or the establishment of the agenda for the General Shareholders’ Meeting. It should be noted that the Chairman of the Appointment Committee is also the legal representative of Crédit du Nord’s majority shareholder, and that owing to Crédit du Nord’s status as a credit institution, each candidate is approved by the national supervisory authority (ACPR) and the European Central Bank; — committee rules: given the specific regulation applicable to credit institutions, which stipulates the attributions of each committee, it was not necessary to formally define a specific set of rules; — succession plan: the succession plan is handled by Societe Generale; — Compensation Committee: Crédit du Nord CEOs are bound by an employment contract to the Crédit du Nord’s majority shareholder. As such, it is appropriate for a representative of the shareholder to chair the Compensation Committee and for no employee director to sit on that committee.

Board of Director’s report on corporate governance

2

CORPORATE GOVERNANCE

Preparation and organisation of the Board’s activities

The Board of Directors meets at least once per quarter. 2020 was an unusual and very busy year, with eight Board meetings called and two directors’ meetings held.

The agenda of all Board meetings is set by the Chairman of the Board after consultation with the Chief Executive Officer.

For the purposes of setting the agenda, the following are reviewed:

— items that must be examined by the Board pursuant to the law;

— matters allowing the Board to ascertain that the company is being efficiently run and that its strategic choices are being implemented: sales strategy, risk appetite, organisation, work conducted by the audit bodies, investments, labour relations, etc.

The directors are convened no less than 15 days before the meeting. Their notification includes:

— the agenda of the meeting;

— the draft minutes of the preceding Board meeting;

— an information pack pertaining to the key items on the agenda.

When the Board meets to approve the annual financial statements, the following information is also provided:

— to each director: a list of all other company offices held by the director, it being the responsibility of each director to verify and amend the list as necessary, as well as a “Related Parties” questionnaire, with each director required to report his or her undertakings with the entity or one of its subsidiaries greater than or equal to a given amount;

— to the Chairman and Statutory Auditors, by virtue of current regulations, a list of all significant agreements entered into between Crédit du Nord and its senior managers and/or those companies with which Crédit du Nord shares senior managers or shareholders.

In addition to the Directors, the following individuals also participate in Board meetings:

— the Deputy Chief Executive Officer;

— members of the Management Committee and other company executive managers, depending on the matters being discussed;

— the Statutory Auditors;

— the Corporate Secretary, who serves as the meeting secretary;

— the Secretary of the Central Social and Economic Committee (CSEC) or the Secretary’s representative.

The Board Rules stipulate the conditions under which directors can participate in meetings through video conferencing or other telecommunication methods. The Board Rules may be consulted on the Bank’s website under “Publications/VIII - Autres documents”. Board meetings last approximately three hours. The agenda items are presented by the Chairman, the Chief Executive Officer, the Deputy Chief Executive Officer or the person responsible for the item in question (Chief Financial Officer, Chief Risk Officer, etc.). A deliberation process ensues during which views and opinions are expressed. At the end of deliberations, the Board is asked to vote, where necessary. The draft minutes of the meeting are prepared by the Secretary of the Board, who submits the same to the Chairman, the Chief Executive Officer and the various participants (for the items concerning them). The draft minutes are then submitted for the approval of the Board at the start of the following meeting. On 29 July 2011, the Board of Directors approved the creation of a Risk Committee. The Committee is responsible for examining matters related to risks, compliance and permanent control. Crédit du Nord’s Risk Committee met five times in 2020: in February, April, May, July and October. It reports to the Board on its work. The Risk Committee was comprised of four directors, including three independent directors, until May 2019, then two* following the resignation of one director in May 2019. It is chaired by Patrick SUET and its other members are Jean-Francois-SAMARCELLI, Alexandre MAYMAT and Véronique CHAUFFERT-YVART. The Capital Requirements Directive of 26 June 2013 (CRD IV) also calls for the creation of other specialised committees reporting to the management body. At its meeting on 19 February 2015, the Board of Directors decided to delegate the duties provided for by law to the Appointment Committee of its sole shareholder. Then, in 2018, it elected to create its own committee. As of 16 March 2018, Société Marseillaise de Crédit (SMC) delegated the duties of the appointment committee to Crédit du Nord’s Appointment Committee. Sébastien PROTO has chaired this Committee since October 8, 2020, when he replaced Philippe AYMERICH. The Committee met twice in 2020: the first time, on February 21, to decide on the reappointment of 3 directors (2 for CDN and 1 for SMC); the second time, on October 8, to appoint a new director and Chairman, Sébastien PROTO, who replaced Philippe AYMERICH.

Board of Director’s report on corporate governance

• Offices held for more than 5 years.

2

CORPORATE GOVERNANCE

Françoise MERCADAL DELASALLES (23/11/1962)

— Chief Executive Officer: Crédit du Nord (since 05/2018);

— Deputy Chief Executive Officer Crédit du Nord (from 06/ 2017 to 05/2018);

— Chairman of the Board of Directors: Prismea (SAS) (since 07/2019); Star Lease (from 11/2017 to 06/2018); Societe Generale Global Solution Centre Private (from 12/2008 to 06/2017); Transactis (from 04/2012 to 10/ 2017);

— Chairman of the Supervisory Board: Banque Courtois (since 05/2018); Société Marseillaise de Crédit (since 05/2018); Banque Rhône-Alpes (since 10/2018); Banque Kolb (from 10/2017 to 10/2018);

— Vice-Chairman of the Supervisory Board: Banque Courtois (from 09/2017 to 05/2018); Société Marseillaise de Crédit (from 10/2017 to 05/2018);

— Director: Crédit du Nord (since 05/2018); Eurazeo (since 05/2015); Societe Generale Cameroun (from 06/ to 12/2019); Antarius (from 06/2017 to 10/2018); Sogecap (from 07/2016 to 04/2018); Star Lease (from 11/2017 to 06/2018); Societe Generale Global Solution Centre Private (from 12/2008 to 09/2017); Compagnie Générale de Location d’Équipements (from 10/2010 to 03/2017); Societe Generale European Business Services SA (from 12/2010 to 06/2017); Transactis (from 04/ 2011 to 10/2017);

— Member of the Supervisory Board: Banque Courtois (since 09/2017); Société Marseillaise de Crédit (since 10/ 2017); Banque Rhône-Alpes (since 10/2018); PJSC Rosbank (from 03/2011 to 06/2019); Banque Kolb (from 10/2017 to 10/2018).

— Permanent Representative of Crédit du Nord on the Board of Directors of Société de Banque Monaco (since 05/2019).

Sophie-Ségolène BENHAMOU (07/09/1974)

— Chairman of Hôpital Privé Nord Parisien (SA)*;

— Chief Executive Officer of Hôpital Privé Nord Parisien (SA)*;

— Director: Crédit du Nord (since 05/2014); Hôpital Privé Nord Parisien (SA)*;

— Co-Legal Manager: Santé Pluriel Holding - SPH (SARL); Société Civile Hospitalière (SCI).

Véronique CHAUFFERT-YVART (12/06/1952)

— Director: Crédit du Nord (since 05/2016); Valmy- Participations (since 06/2018); Charbonneaux-Brabant SA (since 06/2018).

Anne MARION-BOUCHACOURT (10/12/1958)

— Chairman: Societe Generale Private Banking (Suisse) (since 06/2019); Societe Generale (China) Ltd ASIA (from 09/2008 to 08/2018);

— Chief Executive Officer: Societe Generale Zurich (since 10/2018); Societe Generale (China) Ltd ASIA (from 11/ 2017 to 08/2018); — Director: Crédit du Nord*; IPSOS (since 04/2017); Societe Generale Private Banking (Suisse) (since 12/ 2018); ALD Automotive AG (since 01/2019); National Bank of Greece (since 04/2020); Societe Generale (China) Ltd ASIA (from 09/2008 to 08/2017, then from 02/2018 to 08/2018, then from 09/2018 to 04/2019; Societe Generale Luxembourg (from 11/2011 to 12/ 2017); Societe Generale Leasing and Renting CO. Ltd (from 10/2016 to 03/2018); — Member of the Supervisory Board: ALD Fortune Auto Leasing & Renting Shanghai CO Ltd (from 11/2013 to 12/2015).

Alexandre MAYMAT (11/05/1967)

— Chairman of the Board of Directors: Societe Generale Factoring (since 10/2019); Investima SA (from 01/ to 03/2019); Societe Generale Afrique de l’Ouest (from 01/2018 to 10/2019); Societe Generale de Banque aux Antilles (from 05/2013 to 03/2020); Banque de Polynésie (from 12/2012 to 09/2015); Union Internationale de Banques (from 06/2013 to 07/2017); EQDOM (from 12/2013 to 05/2018); Banque Française Commerciale Océan Indien (from 04/2015 to 05/2018); Banco Societe Generale Moçambique SA (from 10/ to 06/2018); Societe Generale Sénégal (from 08/ to 06/2017); Transactis (from 12/2019 to 04/2020); — Chairman of the Supervisory Board: Societe Generale Algérie (from 10/2012 to 03/2019); — Vice-Chairman of the Board of Directors: Transactis (since 04/2020); — Director: Crédit du Nord (since 05/2019); Societe Generale Factoring (since 10/2019); Transactis (since 12/2019); Societe Generale Cameroun (from 11/2012 to 12/2019); Union Internationale de Banques (from 06/2013 to 10/2019); EQDOM (from 12/2013 to 03/2019); Investima SA (from 01/ 2016 to 03/2019); Societe Generale Afrique de l’Ouest (from 01/2018 to 10/2019); Tagpay SA (from 06/2018 to 05/ 2019); Societe Generale Calédonienne de Banque (from 09/ 2012 to 05/2018); Societe Generale Sénégal (from 11/ to 04/2018); Societe Generale Ghana Ltd (from 11/2012 to 04/2018); Societe Generale Mauritanie (from 06/2013 to 05/ 2018); Societe Generale Guinée (from 12/2012 to 06/2018); Banque de Polynésie (from 11/2012 to 09/2015); Societe Generale (China) Ltd ASIA (from 11/2013 to 04/2016); Banky Fampandrosoana Varotra SG (from 04/2015 to 11/ 2015); Banque Française Commerciale Océan Indien (from 04/2015 to 05/2018); Banco Societe Generale Moçambique SA (from 10/2015 to 06/2018); Societe Generale de Banque aux Antilles (from 05/2013 to 03/2020); Societe Generale Côte d’Ivoire (from 07/2013 to 06/2020); Fondation d’Entreprise Societe Generale pour la Solidarité (from 03/2018 to 12/2018);

Board of Director’s report on corporate governance

• Offices held for more than 5 years.

2

CORPORATE GOVERNANCE

— Member of the Supervisory Board: SG Marocaine de Banques (since 06/2015); Societe Generale Algérie (from 10/2012 to 03/2019); — Permanent Representative of Societe Generale on the Board of Directors of: SG de Banque au Liban (from 01/ 2013 to 07/2020); Societe Generale African Business Services SAS (from 06/2018 to 10/2019); Southeast Asia Commercial Joint Stock Bank (from 04/2013 to 05/ 2017); — Permanent Representative of SG Financial Services Holding on the Board of Directors of Societe Generale Bénin (from 11/2012 to 11/2015); — Permanent Representative of Societe Generale Cameroun on the Board of Directors of: Advans Cameroun Etablissement de micro finance (from 11/ 2009 to 07/2015); Societe Generale de Banque en Guinée Equatoriale (from 01/2010 to 12/2016); Societe Generale Tchad (from 01/2010 to 06/2019).

Thierry MULLIEZ (26/08/1954)

— Chief Executive Officer: United.b SA (formerly HTM Group SA) (since 05/2017); — Chairman of the Board of Directors: United.b SA (formerly HTM Group SA); Agapes SA; Boulanger SA (since 06/2016); Boulanger France (since 11/2016); Electro Dépôt Groupe (since 06/2018); — Chairman of the Supervisory Board: Oosterdam BV SA (from 01/2012 to 12/2015); — Director: Crédit du Nord SA; United.b SA (formerly HTM Group SA); SECOM SA; Agapes SA; Boulanger SA (since 06/2016); Boulanger France (since 16/2008); Electro Dépôt Groupe SAS (since 06/2018);

Décathlon SA (from 06/2014 to 12/2017); Auchan Retail International SA (from 03/2017 to 12/2018); — Member of the Supervisory Board: Oosterdam BV SA (from 01/2012 to 12/2015);

Anne PERRIN (20/11/1964)

— Director: Crédit du Nord (since 05/2016).

Jean-François SAMMARCELLI (19/11/1950)

— Chairman of the Supervisory Board: NextStage (since 06/2015); — Director: Crédit du Nord; Boursorama; Sopra Stéria Group; Riverbank (Luxembourg) (since 04/2017); Societe Generale Private Banking (Monaco) (from 05/ 2015 to 05/2019); Sogecap (from 03/2005 to 02/2015); Sogeprom (from 02/2009 to 11/2020); — Member of the Supervisory Board: Rosbank (since 06/ 2015); Societe Generale Marocaine de Banques (from 12/2007 to 03/2019); — Non-Voting Director: Ortec Expansion.

Patrick SUET (13/01/1954)

— Chairman of the Board of Directors: Societe Generale Luxembourg* (since 06/2009); Sofrantem (from 10/ to 10/2015); — Vice-Chairman of the Board of Directors: Institution de Prévoyance Valmy (from 06/2013 to 06/2015); — Director: Crédit du Nord; Societe Generale Luxembourg; Societe Generale Côte d’Ivoire (since 06/ 2015); Sofrantem (from 10/2011 to 10/2015); Institution de Prévoyance Valmy (from 06/2005 to 06/2015).

Employee directors

Caroline DELCOURT (07/11/1975)

— Director elected by employees: Crédit du Nord (since 11/2018).

Thierry DIGOUTTE (15/05/1957)

— Director elected by employees (reappointed in 11/2018): Crédit du Nord *.

Aymeric le BIDEAU (30/01/1974)

— Director elected by employees: Crédit du Nord (since the resignation of Annie PRIGENT in September 2019).

• Offices held for more than 5 years.

Board of Director’s report on corporate governance