Groupe Société Générale



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| |Press Release |

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| |london, 5th August 2003 |

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| |SG Corporate and Investment Banking CONTINUES TO STRENGThEN ITS GLOBAL PORTFOLIO TRADING CAPABILITY in London |

| |SG CIB are pleased to announce the appointment of Jutta Nieminen to the portfolio trading group in London. |

| |She will be Head of Global Program Trading Sales for Northern Europe, complementing the existing global team |

| |of 26 sales and trading professionals located in six centres around the world. |

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| |Jutta joins us from Instinet Europe Ltd, where she has been working since 2001 as Senior Account Manager in |

| |equity trading products for the Scandinavian and Dutch clients. Previous to that she worked at Svenska |

| |Handelsbanken responsible for FX and money market sales to Finnish institutional clients. |

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| |The hiring of Jutta further strengthens SG CIB's commitment to a business that has also seen the recent |

| |arrivals of Luis Camacho & Brendan McMahon. Luis is a Director of Program Trading Sales, focusing on |

| |promoting our International business to North American accounts. Brendan has joined as a Director of US sales|

| |where he will be responsible for marketing our Domestic US Program Trading to US institutions. |

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| |Peter Lewis, Head of Client Trading Group, said, “SG CIB understands the importance of a comprehensive program|

| |trading service in meeting the needs of our institutional clients and this appointment along with our recent |

| |hires this year, expands our capability in this crucial area. |

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| |“Global Program Trading is a core and integral part of the Client Trading Group, which was established last |

| |year in order to enhance our trading, sales-trading, market-making and execution services for our |

| |institutional clients.” |

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| |--ends-- |

| |For further information please contact: |

| |SG CIB |

| |Peter Lewis, Head of Client Trading Group tel +44 20 7522 1276 |

| |Melody Jeannin, Head of Communications, UK tel +44 20 7676 6804 |

| |Gareth Peel, Head of Client Trading Group Marketing tel +44 20 7762 5487 |

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| |Page 1/2 |

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| |NOTES TO EDITORS |

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| |Société Générale Group |

| |Société Générale is one of the largest financial services group in the eurozone. The Group employs more than |

| |80,000 people worldwide in three key businesses: |

| |- Retail Banking : Société Générale serves 14,7 million retail customers worldwide. |

| |- Asset Management & Private Banking : Société Générale ranks third in the eurozone in terms of assets under |

| |management (EUR 270 billion in 2002). |

| |- Corporate & Investment Banking : SG CIB is the third largest bank in the eurozone based on net banking |

| |income. |

| |Société Générale is included in the four major socially responsible investment indices. |

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| |SG CIB |

| |SG CIB is the Corporate and Investment Banking arm of the Société Générale Group. Present in over 50 |

| |countries and with expertise in capital markets, advisory and origination services, structured finance and |

| |commercial banking, SG CIB builds innovative, integrated financial solutions for its corporate, institutional |

| |and public sector clients. |

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| |Client Trading Group |

| |The Client Trading Group encompasses the Sales Trading, Agency Execution Trading, Facilitation Trading, |

| |Program Trading and Quantitative Analysis departments at SG CIB. Covering 90% of the total market |

| |capitalisation of developed Europe and providing a multi-lingual sales trading capacity with primary centres |

| |in New York, London and Paris. Bespoke trading and order routing systems utilise a fully integrated, |

| |front-to-back trading application which handles 94% of all order volume using true Straight Through |

| |Processing. SG CIB can connect clients via FIX or through our website . |

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| |Page 2/2 |

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