Shearman & Sterling is representing Société Générale in connection with its €4.8 billion rights offering announced on October 6, 2009. The proceeds of this transaction will enable Société Générale to repay the Preference Shares (B shares) and Undated Deeply-Subordinated Securities (“TSSDI”) subscribed by the French State and to pursue potential external growth opportunities.

The offering is open to the public in France and in eight other European countries (Belgium, the Czech Republic, Germany, Italy, Luxembourg, Romania, Spain and the United Kingdom). It also includes an international private placement to institutional investors.

The subscription period for the new shares will begin on October 8, 2009 and will close on October 20, 2009 inclusive. Settlement and delivery of the new shares on Euronext Paris is scheduled to take place on November 2, 2009.

Shearman & Sterling’s team is led by partners Hervé Letréguilly and Robert Treuhold, assisted by Séverine de La Courtie, Trevor Ingram, Régis Henry and Nicolas de Courtivron (all Paris-Capital Markets), by Sami Toutounji (Paris-Employee Shareholding) and Anne-Sophie Maes (Paris-Tax).