SOCIETE GENERALE AND ALLIANCEBERNSTEIN ANNOUNCETHE OFFICIAL LAUNCH OF BERNSTEIN, A NEW LEADER IN
CASH EQUITIES & RESEARCH

Press release
Paris (France) and Nashville, Tenn. (USA), April 2, 2024
Societe Generale (EURONEXT: GLE) and AllianceBernstein (NYSE: AB) today announced the official
launch of Bernstein, a joint venture creating a leading global cash equities and equity researchbusiness. The creation of Bernstein signals a historic milestone for both organizations, following theoriginal announcement of the plan to form the joint venture in November 2022.
Built on a history of industry-leading research, Bernstein provides institutional investors, corporates andfinancial institutions with premier investment insights into North American, European and Asia Pacificequity markets, in addition to unparalleled liquidity access and leading global trading technology. With
Bernstein, Societe Generale will now offer its clients a comprehensive suite of global services across theequities value-chain, from world-class equity and macro research to leading agency execution, equity
derivatives, prime brokerage, and equity capital markets offerings.
With over 750 employees serving clients globally, the joint venture is organised under two separate legalvehicles with a Head Office in New York covering North America and a Head Office in London covering
Europe and Asia, complemented by major hubs in Paris and Hong Kong, and multiple regional offices.
The ultimate objective of Societe Generale and AllianceBernstein is for Societe Generale to eventuallyown 100% of both entities after five years*. Robert van Brugge, previously CEO of Bernstein ResearchServices, has been appointed CEO of Bernstein, with Stephane Loiseau, previously Head of Societe
Generale’s cash equities business, appointed Deputy CEO of Bernstein.
Slawomir Krupa, Chief Executive Officer of Societe Generale, comments: “With Bernstein, a newleader is emerging in cash equities. This joint venture illustrates Societe Generale’s capability to develop
innovative pathways to further expand our client offering as we increase our value proposition for thebenefit of our investor and issuer clients, leverage synergies within our Group, and grow our revenues
sustainably.”
Seth Bernstein, Chief Executive Officer of AllianceBernstein, said: “Bernstein’s mission has afoundation rooted in servicing clients with best-in-class research and insights. Through this joint venture,Bernstein can continue to build out a cash equities and research business that seeks to set the standard fordelivering global investment expertise and an even stronger set of products and services for global clients.”
The closing of the transaction has been approved by the relevant regulatory and antitrust authorities.
The launch of Bernstein is fully aligned with Societe Generale’s strategic priorities to increase stable, feebased, client revenues. The impact of the joint venture on the Group's CET1 capital ratio is below 10 basis
points.
A French corporation with share capital of EUR 1,003,724,927.50 – 552 120 222 RCS Paris
29 boulevard Haussmann, F-75009 Paris

The new brand capitalises on the Bernstein name with a Societe Generale Group byline:

Biographies
Robert van Brugge has been appointed Chief Executive Officer of Bernstein on 1 April
2024. He has served as the CEO of AB Bernstein Research Services since 2011. Prior tobecoming CEO, Robert van Brugge oversaw all fundamental research in his role as theGlobal Director of Research. He joined Bernstein Research Services in 2002 fromMcKinsey & Company where he was an associate principal. Before joining McKinsey,
Robert van Brugge served as a commercial lender with First Colonial Bankshares Corp.
He earned a BA (with honors) in political science and economics from Roosevelt
University and an MBA from the Wharton School of the University of Pennsylvania,
where he was recognized as a Palmer Scholar.
Stephane Loiseau has been appointed Deputy CEO of Bernstein on 1 April 2024. He waspreviously Head of Societe Generale’s cash equities business since 2021. Prior to that heheld various positions supervising Cash Equities, Prime sales and Listed derivatives
trading, based out of Hong Kong since 2012. He also served in London since 2008 as
deputy global head of execution services, and head of cash equity execution. Stephane
Loiseau joined Societe Generale in 1996 as an international equities trader in New York,
before becoming co-head of global program trading and electronic services in 2006.
Stephane Loiseau is a graduate of EM Lyon Business School in France.

* The ability of Societe Generale to acquire additional ownership will depend on a number of factors, including
obtaining any required regulatory approvals.

Press contacts:
Jean-Baptiste Froville+33 1 58 98 68 00
jean-baptiste.froville@socgen.com
Benjamin Fayol+33 1 42 13 08 11
benjamin.fayol@socgen.com
Clare Milton+44 20 7597 3284
clare.milton@sgcib.com

A French corporation with share capital of EUR 1,003,724,927.50 – 552 120 222 RCS Paris
29 boulevard Haussmann, F-75009 Paris

Societe Generale
Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries
across the world. We have been supporting the development of our economies for nearly 160 years, providing our corporate,institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted
relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises arepart of our DNA and serve our most essential objective - to deliver sustainable value creation for all our stakeholders.
The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:•French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium privatebanking services, and the leading digital bank BoursoBank.

•Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global
leadership in equity derivatives, structured finance and ESG.

•International Retail, Mobility & Leasing Services, comprising well-established universal banks (in Czech Republic,Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as
well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partnerin the environmental transition and sustainability overall. The Group is included in the principal socially responsible
investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity andInclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders
Index (World and Europe).
For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional
investors, individuals, and private wealth clients in major world markets. As of February 29, 2024, AllianceBernstein had $745B
in assets under management.
Additional information about AB may be found on our website, http://www.alliancebernstein.com

A French corporation with share capital of EUR 1,003,724,927.50 – 552 120 222 RCS Paris
29 boulevard Haussmann, F-75009 Paris