Life insurance : average rate 2016

In the current financial environment of very low interest rates and low inflation rate, Sogecap,
Societe Generale group’s life insurance company and leading bancassurance player in France,
continued to boost its financial reserves very significantly to raise them above 4% of
outstandings in euros at the end of 2016 and credited an average rate of 1,73*% to
policyholders of its euro fund.

This strong and cautious financial policy favors the security of rates credited to policyholders in a longterm perspective and is consistent with the long-term investment objective of life insurance.

* Average rate net of management fees and gross of social charges; calculated on all Sogecap euro policies.