SEVENTHSUPPLEMENT Dated 23 January 2008

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1 SEVENTHSUPPLEMENT Dated 23 January 2008 To the Debt Issuance Programme Prospectus dated 20dMay 2007 of SOCIETE GENERALE (incorporated in France) SGA SOCIETE GENERALE ACCEPTANCE NV (incorporated in The Netherlands Antilles) and SG OPTION EUROPE (incorporated in France) 100,000,000,000 Euro Medium Term Note Programme This document constitutes a Supplement to the Prospectus for the purposes of Article 16 of the Prospectus Directive and must be read in conjunction with such Debt Issuance Programme Prospectus Full information on the Issuer and the offer of any Notes is only available on the basis of the combination of this Supplement and the Prospectus Copies of such Prospectus and this Supplement are available at wwwbourse1uand from the head office of each Issuer and the specified offices of the Paying Agents This document must be read in conjunction with the Debt Issuance Programme Prospectus and the first Supplement dated 7 June 2007, the second Supplement dated 30 July 2007, the third Supplement dated 8 August 2007, the fourth Supplement dated 18 September 2007, the fifth Supplement dated 7 November 2007 and the sixth Supplement dated 15 November 2007(the Supplements) Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Debt Issuance Programme Prospectus dated 2 May 2007 (the Prospectus) as supplemented by the Supplements which constitute a base prospectus for the purposes of the Prospectus Directive (Directive /EC), approved by the Commission de Surveillance du Secteur Financier (the CSSF) on 2 May 2007 in accordance with article 7 of the Luxembourg law on prospectuses for securities implementing article 13 of Directive /EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC (the Prospectus Directive) To the extent that there is any inconsistency between (a) any statement in this Supplement or any statement incorporated by reference into the Prospectus by this Supplement and (b) any other statement in or incorporated by reference in the Prospectus, the statements in (a) above will prevail Save as disclosed in this Supplement, to the best of the knowledge and belief of each Issuer and the Guarantor, no other significant new factor, material mistake or inaccuracy 1

2 relating to information included in the Prospectus has arisen or been noted, as the case may be, since the publication of the Prospectus ln accordance with Article 13paragraph 2 of the Luxembourg Law, investors who have already agreed to purchase or subscribe for the securities before this Supplement is published have the right, exercisable within a time limit of minimum two working days after the publication of this Supplement, to withdraw their acceptances The following document which has previously been published or is published simultaneously with this Supplement and has been filed with the CSSF, shall be deemed to be incorporated in, and to form part of, this Supplement: - the unaudited interim fmancial statements of SG Option Europe for the six-month period ended 30thJune, 2007 and the related notes and review report of the statutory auditors The following information is hereby made available by way of this Supplement: - selected tinancial information from the unaudited interim tinancial statements of SG Option Europe for the six-month period ended 30th June 2007 Such selected financial information is attached in Annex Copies of the documents incorporated by reference in this Supplement can be obtained, without charge, from the office of Société Générale and the specified office of each of the Paying Agents, in each case at the address given at the end of the Debt Issuance Programme Prospectus ln addition, the documents will be available from the principal office in Luxembourg of Société Générale Bank & Trust for Notes listed on the Luxembourg Stock Exchange and available for viewing on the Luxembourg Stock Exchange website (wwwbourse1u) 2

3 1 Documents incornorated bv reference Page 3 to 6 of the Financial Statements Page 7 to 8 of the Financial Statements Page 15 to 39 of the Financial Statements Page 10 to 14 of the Financial Statements Incoroorated as a sedaratedocument Information contained in the documents incorporated by reference other than information listed in the table above is for information purposes only RESPONSIBILITY Each Issuer and the Guarantor accepts responsibility for the information contained, or incorporated by reference, in this Supplement The information incorporated by reference in this Supplement was originally made available to the public by Société Générale via the documents mentioned in the table above To the best of the knowledge and belief of each Issuer and the Guarantor (each having taken all reasonable care to ensure that such is the case) the information contained, or incorporated by reference, in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information J ~~ By: U~ By: e ao",~~"riê Signoo on behalf ofsga Société Générele Acceptance NV: Dulyauthorised Signoo on beh']f OfSoci~ Grég' arenne Dulyauthorised Responsable Fixed Income, Change et Matières Premières Signed on behalf of SG Option Europe: By: Duly authorised Jean-Michel TERNV SGOptionEurope Diredor 3

4 1 ANNEX SELECTED FINANCIAL INFORMATION FOR SG OPTION EUROPE Unaudited Balance Sheet as at 30 June 2007 ASSETS ( OOO June'()7 December 2006 June 2006 CASH CENTRALBANKSand POSTOFFICE - - TREASURYBILLS AND SIMILARITEMS Nats1 - BANKSRECEIVABLE Nate SIf3HT TERM ACOOUNTSRECEWABLE Note COMMERCIALACCOUNTSRECElVABLE - OTHERACCOUNTSRéCEIVABLE ORDINARYACCOUNTSlN DEBIT FACTORING - BONDSAND OTHERFIXEDINCOMESECURmES Notes ECUmES AND OTHERVARIABLEINOOMESECURmES Notes B7ses PROPERTYDEVELOPMENT - - INVESTMENTSAND OTHERLONGTERMSECURmES No18s SHARElN AFFIUATES No18s FINANCINGLEASESAND LEASES WITHPURCHASE OPTION OPERATINGLEASES - INTANGIBLEASSETS Note TANGIBLEASSETS Note 6 6 2B 10 CAPITALSUBSCRIBED BUTNaT PAiD UP - - TREASURYSTOCK - TRADINGAND SETTLEMENTACCOUNTS Note OTHERASSETS Note ACCRUALACCOUNTS Note TOTALASSETS

5 LlABJUTIES «(0001 June-07 December-06 June-Q6 CASH, CENTRAL BANKS and POST OFFICE - - BANKUABIUTIES NoteB SIGHT TERM Il CUSTOMER ACCOUNTS ln CREDIT Note SPECIALSAVINGSACCOUNTS SIGHT TERM OTHER UABIUTIES SIGHT TERM UABIUTIESREPRESENTED BVSECURmES Note CERTlFICATESOFDEPOSIT - INTERBANKMARKETSECURITIESAND - TRADABLEDEfn" SECURITIES BONDS OTHERUABIUTIESREPRESENTEDSY SECURITIES OTHER UABILmeS Noie ACCRUAl ACCOUNTS Noie TRADINGAND SETTLEMENTACCOUNTS Noie PROVISIONSFORRISKSAND CONTINGENCIES Noie MUTUALGUARANTEEDEPOSrrS GENERAl BANKINGRESERVES SUBORDINATEDDEBT SUBSCRIBEDCAPITAL Noie ISSUE PREMIUM Noie RESERVES Note VALUEADJUSTMENT Note 12 - RETAINEOPRORT Note PROFIT FOR THE YEAR Note TOTAL UABILmES T

6 Unaudited Income Statement as at 30 June 2007 INCOME STATEMENT (6'000) J\I182OC1T December2006 June INTERESTINCOME NoJB INTERESTEXPENSE Nol81f t FlXEDINCOMêSECURITIESACTIVITIES NotB t STOCK BORROWING AND LENDING ACTIVITIES NolB osa + INCOMEFROMVARIA&!:INCOMESECURITIES NolB COMMISSIONS(INCOMES) Note COMMlSSSONS(EXPENSESI NolB GAIN(l0SS) ONTRADINGPORTFOUOACTIVITIES Nol / GAIN(LOSS)ONINVESThIENTPORTFOUOACTIVITIES + OTHERINCOMESFROMBANK/NGACTIVITIES Note OTHEREXPENSESFROMBANK/NGACTIVITIES No/B1S NeT BANK/NOINCOME GENERALOPERA11NGEXPENSES Note DEPRECIA11ON, AMOR11SA11ON ANDPROVISIONSFORINTANGIBLEANDTANGIBLEASSETS GROSS PROFIT FRDM OPERA11ONS COST OF RISI< - PROFITFROMOPERATIONS , GAIN(LOSS)ONFIXEDASSETS Note ORDINARYPROFITBEFORETAX t- EXCEPTIONAlINCOME(lOSS) - +t INCOMETAX NoIe GENERAL BANKING AND REGULATORV PROVISIONS (REVERSAI) Not,t1 - NETINCOME B

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