of December 2012.

Societe Generale received for its stake a payment of USD 1,967 MM (equivalent to USD 1,974 MM net of foreign exchange transaction costs), representing a multiple to the last stated book value of NSGB of 2.0x.

The transaction generates a net gain of EUR 370 MM in Q1 2013 and increases the Group's Basel 2.5 Core Tier 1 ratio by 32 bps.

Under Basel 3, the increase is expected to be 29 bps on a pro forma basis at the end of 2013, in line with the announcement made on the 12th of December 2012.

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