UANI

"Societe Generale SA, France's second-largest bank by market value, is cooperating with U.S. authorities looking into dollar transfers for clients in countries targeted by American economic sanctions. 'Societe Generale has started discussions with the Office of Foreign Assets Control,' the Paris-based bank said in its annual report today, without naming the clients or countries involved. The bank said it has begun an internal audit." (Bloomberg, "SocGen Cooperating With U.S. Authorities on Dollar Transfers, 3/7/13)

--

"Top-tier financial institutions including Societe Generale SA GLE.FR -0.74% and Rabobank Group have stepped back from business with Iran in recent months, citing increased political risk and logistical hassles that attend even legal trade with the country... In response, Rabobank and Société Générale say they have stopped servicing Iran deals or curbed their trade finance." (The Wall Street Journal, "Willing Banks Find Profits in Legal Trade With Iran," 4/8/2012)

--

"Present in Iran since 1974, our rep office in Tehran is primarily active in trade and export finance." (Company website)

--

"Societe Generale has done business in Iran since 1974. Spokesman Jim Galvin said the office in Tehran continues to be active in trade and export finance." From 2000-2009, the company was a recipient of $1.4 million US federal funds.  They currently have active business investments in Iran.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

--

"The major French banks -- BNP Paribas, Calyon and Societe Generale -- have all stopped doing business with Tehran , while Total has frozen plans to invest in gas and LNG at the urging of its government." (Energy Compass, "Iran: Charm Mission," May 16, 2008)

--

"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms", May 27, 2006)