Third amendment to the Universal Registration Document filed on 4 November 2021 under number D.21-0138-A03

A French corporation with share capital of 1,066,714,367.50 euros Registered office: 29 boulevard Haussmann - 75009 PARIS

552 120 222 R.C.S. PARIS

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THIRD AMENDMENT

TO UNIVERSAL REGISTRATION DOCUMENT

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2021

Universal registration document filed with AMF on 17 March 2021 under N° D.21-0138.

First amendment to the Universal Registration Document filed with AMF on 7 May 2021 under N° D.21-0138-A01.

Second amendment to the Universal Registration Document filed with AMF on 4 August 2021 under N° D.21-0138-A02.

This third amendment to the Universal Registration Document has been filed on 4 November 2021 with the AMF, as competent authority under

Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of the said regulation.

The Universal Registration Document may be used for the purposes of an offer to the public of securities or admission of secu rities to trading on a regulated market if completed by a securities note and, if applicable, a summary and any amendments to the Universal Registration Document.

The whole is approved by the AMF in accordance with Regulation (EU) 2017/1129.

This document is a translation into English of the Annual Financial Report/Universal Registration Document of the Company issued in French and its available on the website of the Issuer.

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SUMMARY

1. KEY FIGURES AND PROFILE OF SOCIETE GENERALE	3
2. GROUP MANAGEMENT REPORT	5
3. RISKS AND CAPITAL ADEQUACY	28
4. PERSON RESPONSIBLE FOR THE THIRD AMENDMENT TO THE UNIVERSAL REGISTRATION DOCUMENT	33
5. CROSS-REFERENCE TABLES	35

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1. KEY FIGURES AND PROFILE OF SOCIETE GENERALE

Recent developments and outlook

Update of the pages 14 and 15 of the 2021 Universal Registration Document

The global economy is expected to experience a strong recovery in 2021, aided by the continued adaptation of economic activity to the pandemic as well as ongoing fiscal and monetary support in many countries, notably in the United States. However, uncertainty levels remain high particularly with the Delta variant combined with the slow vaccine rollout in several countries, and persistent frictions in value chains and labor markets. Supply disruptions are currently resulting in price pressures and they could slow down the growth momentum witnessed in the first half of the year.

Inflationary risk has increased globally, particularly in emerging markets where exchange rate depreciation is exacerbating rising food prices. Several central banks in these countries have already tightened monetary policy. Yet, inflationary pressures are expected to be transitory because the conditions for a wage-price spiral, leading to a higher inflationary regime, are not met: even though job vacancies have increased, employment rates generally remain below their pre-shock levels. In the major advanced economies, inflation expectations also appear to be anchored close to central bank inflation targets, despite rising energy prices.

Central banks in advanced economies should be more tolerant of short-term inflation overruns, but market risk premiums on inflation could rise and lead to increased volatility.

The recovery is likely to be slow due to the long-term effects of the crisis, which has contributed to increase debt levels in the public and private sectors. The Group's central scenario forecasts a rebound in the global economy of 5.6% in 2021, after a 3% contraction in 2020. The strength of the recovery is expected to vary considerably from country to country, with the recovery expected to be faster in the United States due to macroeconomic policy support, and slower in countries with low immunization or in those with specialization focused on sectors exposed to health restrictions. The euro area is expected to reduce its fiscal support, while remaining accommodative, and the ECB will only very gradually reduce support measures against the pandemic.

International cooperation will remain a key element in the post-crisis phase. The health crisis, if prolonged, could exacerbate the already existing differences between countries on trade and technology policies, and the level of priority given to the fight against climate change. Multilateral development banks have committed to emergency financing, the IMF has relaxed the rules governing its financing, and several bilateral creditors have agreed to freeze debt maturities for the most troubled countries. In addition, the new allocation of Special Drawing Rights (SDRs) allows countries facing balance-of-payments difficulties to benefit from liquidity at the end of this year. For their part, the Community authorities have made an unprecedented contribution with the establishment by the ECB of the Pandemic Emergency Purchase Programme (PEPP) and the Next Generation EU (NGEU) European Agreement for amounts of €1850 billion (initial amount of the PEPP plus the two successive revisions in 2020) and more than €800 billion (NGEU) respectively. These programs aim to support the recovery of Member States beyond their rather heterogeneous national capacities by stimulating investments in line with the two main European priorities of energy and digital transitions.

In terms of regulatory changes, 2020 and 2021 were dominated by the introduction of support measures with the aim of shaping the regulatory framework to the context of economic crisis and of enabling banks to fully underpin initiatives to buoy the economies in which they operate.

In Europe, eurozone member states set up aid packages to support the financing of businesses to mitigate the impact of weaker activity on their financial equilibrium. In France, these support measures were reflected in the introduction of government-backed loans, (Prêts Garantis par l'Etat) with over EUR 140 billion in loans granted as of September 2021, and investment targeted loans (Prêts Participatifs Relance).

Regulatory changes applied to capital and liquidity as well as anticipatory hedges to manage credit risk, consisted of:

• an easing of the restrictions related to building counter-cyclical capital buffers with the option of implementing them subject to the application of automatic remedial measures provided for in prudential regulations (Maximum Distributable Amount (MDA) mechanism and presentation of a capital conservation plan);
• temporary tolerance of non-compliance with minimum liquidity ratios;
• greater flexibility in applying the criteria for reclassifying the established moratoria and a recommendation to regulate the pro-cyclical impacts of the application of IFRS 9;
• more specifically in France, where softer lending standards for real estate loans benefited first-time home buyers in particular.

The European Commission (EC), the European Central Bank in its capacity as prudential supervisor (ECB), the European Banking Authority (EBA) and the High Council for Financial Stability (HCSF) have thus used the full extent of the flexibility offered by the

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existing prudential regulations to act on the liquidity and solvency of banks, and guarantee their ability to fund ongoing economic activities and reboot the economy. The ECB also agreed to reduce the volume of on-site tasks and to extend the period of remedial action.

Regarding dividend distributions, the ECB has decided not to extend beyond September 30, 2021 its recommendation to limit their amounts for all banks placed under its direct supervision. From that date, dividend distribution policies will be subject to review by the ECB on a case-by-case basis, in accordance with the terms in force before the pandemic.

In addition to changes related to managing the health and economic crisis, further actions are being deepened in 2021, namely:

• finalization of the transposition of Basel III (CRR3 legislative proposal) approved by the Basel Committee on Banking Supervision, with special focus on the specific characteristics of the European banking sector and the impacts of the current crisis on banks;
• continuation of sustainable finance initiatives in line with regulations adopted in 2020 on the taxonomy of sustainable activities, sustainable investment reporting, and the integration of sustainability risks in banks' investment decisions and strategy;
• digital transition, in particular with discussions on crypto assets and on the introduction of a "central bank digital currency" (CBDC), the European Payment Initiative (EPI) and the European Cloud (Gaia-X) but also operational resilience (cybersecurity and outsourced services);
• tangible progress towards a genuine Capital Markets Union (CMU) through a European action plan published in 2020;
• more work on the Brexit chapter, particularly concerning the equivalence issue to avoid any regulatory divergence, thus ensuring the fairest possible conditions of competition.

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2. GROUP MANAGEMENT REPORT

2.1 Press release dated 27 October, 2021

Societe Generale and ALD inform that they are holding discussions with Lease Plan and its shareholders concerning a potential combination of ALD and Lease Plan to create a global mobility leader. There can be no certainty at this stage that these discussions will result in any agreement or transaction(1). Further announcements will be made when appropriate according to applicable laws.

1. The potential transaction would be subject to various conditions precedent, including receipt of all necessary regulatory approvals and the receipt of a waiver to the obligation to file a mandatory offer on ALD (the transaction, if any, would consequently not result in an offer on ALD)

2.2 Press release dated 4 November, 2021: third quarter and 9 months 2021 results

Update of the pages 30 to 46 of the 2021 Universal Registration Document

Paris, November 4th 2021,

Q3 21: EXCELLENT QUARTER, UNDERLYING GROUP NET INCOME OF EUR 1.4 BILLION(1) (EUR 1.6 BILLION ON A REPORTED BASIS)

Revenues up +14.9% vs. Q3 20 (+15.0%*) driven by growth in all the businesses, in particular a very strong momentum in Financial Services and Financing & Advisory, a very good performance by Global Markets, and continued growth in Retail Banking

Underlying gross operating income: EUR 2.4 billion(1), up 32.8%(1) vs. Q3 20, with a positive jaws effect

Still low cost of risk: 15 basis points in Q3 21, with no significant provision write-back

Profitability (ROTE): 10.9%(1) on an underlying basis and 12.7% on a reported basis in Q3 21

9M 21: UNDERLYING GROUP NET INCOME OF EUR 4.0 BILLION(1) (X5 VS. 9M 20)

Underlying gross operating income: EUR 6.6 billion(1), +61% vs. 9M 20, driven by revenue growth combined with continued good cost discipline

Cost of risk: 16 basis points

Profitability (ROTE): 10.4%(1) on an underlying basis and 10.0% on a reported basis in

9M 21

SOLID CAPITAL POSITION

Solid CET 1 ratio: 13.4%(2) at end-September 2021, after provision for distribution and including the impact of the share buyback programme, or around 440 basis points above the regulatory requirement

Organic capital generation: 61 basis points in the first 9 months of 2021

Attractive shareholder return

• Launch of the share buyback programme, for an amount of around EUR 470 million, scheduled for November 4th, with the programme expected to be finalised by end-2021
• Provision for distribution per share of EUR 2.03 in 9M 21 (financing both dividend and share buyback) consistent with a payout ratio of 50% of underlying Group net income(3)

SUCCESSFUL EXECUTION OF OUR STRATEGIC PROJECTS

Detailed presentation of the new French Retail Banking operation (a full merger project

progressing as scheduled)

Very satisfactory implementation of the strategy in Global Banking & Investor Solutions

1. Underlying data (see methodology note No. 5 for the transition from accounting data to underlying data)
2. Phased-inratio; fully-loaded ratio of 13.2%
3. After deducting interest on deeply subordinated notes and undated subordinated notes

The footnote * in this document corresponds to data adjusted for changes in Group Structure and at constant exchange rates

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