09/04/18 GLOBAL NETWORK REPORT

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1 09/04/18 GLOBAL NETWORK REPORT 1st Quarter 2018

2 DISCLAIMER This Global Network Report is solely directed to the addressee(s). Any unauthorised use or dissemination of this Global Network Report, without the prior consent of Société Générale, is prohibited. Any information relating to Global Network Report is only given as an indication, even where it has been established using several professional sources considered to be reliable and accurate. This information which is purely indicative and which has no contractual value is subject to modification at any time, including as a result of changes occurring with respect to market conditions. This Global Network Report does not constitute, and under no circumstances should it be considered in whole or in part as, an offer, a solicitation, advice or an investment recommendation from Société Générale to purchase, subscribe for or sell any financial instruments or financial service. Société Générale shall decline all responsibility as regards any use made of the said information and any consequences thereof. Société Générale takes no responsibility for the contents of this communication, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss, damage or injury howsoever arising from or in reliance upon the whole or any part of the contents of this communication *The list does not include imposed sub custodians 09/04/18 2 of 8

3 TABLE OF CONTENTS I UPDATE ON CUSTODIAN NETWORK... 4 II UPDATE OF RATINGS OF SUB-CUSTODIANS*... 4 *The list does not include imposed sub custodians 09/04/18 3 of 8

4 I UPDATE ON CUSTODIAN NETWORK Over the quarter SGSS France, Luxembourg, Ireland, Germany and UK migrated the following markets: Portugal: the migration from BCP Millennium to BNP Paribas Securities Services, which started in Q4 2017, was completed in the course of January 2018 Germany: equities and convertible bonds (only) were migrated to SGSS Frankfurt in March 2018 Ukraine: SGSS former custodian, Unicredit, closed its subsidiary. From this quarter onwards SGSS uses Citibank NA GW UK to access this market. A new market was included in the network: Uruguay: assets are held through Citibank NA GW UK. SGSS Italy migrated the following market: Philippines: assets were migrated from Citibank NA GW UK to Shanghai Banking Corporation Limited. II UPDATE OF RATINGS OF SUB-CUSTODIANS* The sub custodians below or their parent company (if the sub custodian is not rated) did have their s modified by S&P, Moody or Fitch during the quarter. Country Sub-custodian S&P S&P Iceland Landsbankinn HF 1 BBB+ BBB Moody's Moody's Fitch s Fitch s Country Parent company S&P S&P Austria 1, Croatia 2, Czech Republic 2, UNICREDIT SPA BBB BBB- Hungary 2 Moody's Moody's Fitch s Fitch s *The list does not include imposed sub custodians 09/04/18 4 of 8

5 SGSS subcustodian global network, Parent company names and agency s. Country Sub-custodian S&P Moody's Fitch Parent Company Name S&P Moody's Fitch Banco Santander BANCO Argentina Buenos Aires 1 SANTANDER SA Citibank NA GW UK 2 CITIGROUP INC BBB+ Baa1 A Australia Citigroup Pty Limited CITIGROUP INC BBB+ Baa1 A Austria Bahrain Belgium Benin Botswana Brazil Unicredit Bank Austria Vienna 1 UNICREDIT SPA BBB Baa1 BBB OEKB CSD GMBH 2 UNDEFINED Limited UNDEF A2 AA- 1 Societe Generale SA 1 *The list does not include imposed sub custodians 09/04/18 5 of 8 A- KBC Securities NV 1 KBC BANK A A1 A Banques en Cote d Ivoire 1 Standard Chartered Bank STANDARD Mauritius 1 CHARTERED BANK Santander Securities Services Brasil DTVM S.A. Bulgaria SG Expressbank Varna 1 UNDEF UNDEF A- Burkina Faso Canada Chile China Colombia Croatia Cyprus Czech Republic BANCO SANTANDER SA Banques en Cote d Ivoire 1 RBC Investor Services Trust Banco Santander Chile, SA Santiago HSBC Bank (China) Cy Limited ROYAL BANK OF CANADA BANCO SANTANDER SA THE HONGKONG & SHANGAI BANKING CORPORATION LTD - AA- A1 AA Corpbanca Investment 1 ITAU UNIBANCO BB Ba3 BB Trust Colombia Zagrebacka Banks D.D. 2 UNICREDIT SPA BBB Baa1 BBB Splitska Banka Split 1 OTP BANK BBB- Baa3 UNDEF BNP Paribas Securities 1 BNP PARIBAS Services Komerční banka (KB) - Prague 1 Unicredit Bank Czech 2 UNICREDIT SPA BBB Baa1 BBB Republic & Slovakia Denmark Nordea Bank - Denmark NORDEA BANK AB Egypt QNB Alahli QATAR NATIONAL BANK SAQ A Aa3 A+ Estonia Nordea Bank - Finland NORDEA BANK AB Finland Nordea Bank - Finland NORDEA BANK AB France Societe Generale SA

6 Country Sub-custodian S&P Moody's Fitch Parent Company Name Ghana Germany Greece Guinee Bissau Hong Kong Hungary *The list does not include imposed sub custodians 09/04/18 6 of 8 S&P Moody's Fitch Standard Chartered Bank Mauritius 1 STANDARD CHARTERED BANK Societe Generale Frankfurt 1 DEUTSCHE BANK Deutsche Bank Frankfurt AKTIENGESELLSC 1 HAFT Euroclear Bank 1 AA UNDEF AA+ EUROCLEAR BANK AA UNDEF AA+ Clearstream Banking AG 2 DEUTSCHE BOERSE AG AA- UNDEF UNDEF BNP Paribas Securities Services, Athens BNP PARIBAS Banques en Cote d Ivoire 1 Deutsche Bank - Hong- Kong DEUTSCHE BANK AKTIENGESELLSC HAFT KBC Securities Budapest 1 KBC BANK A A1 A Unicredit Bank Hungary 2 UNICREDIT SPA BBB Baa1 BBB ZRT Iceland Landsbankinn HF 1 BBB+ UNDEF UNDEF LANDSBANKINN HF BBB+ UNDEF UNDEF ICSD India Indonesia Clearstream Banking SA DEUTSCHE BOERSE AG AA UNDEF UNDEF Euroclear Bank AA UNDEF AA+ EUROCLEAR BANK AA UNDEF AA+ SBI-SG Global Securities Services PVT Standard Chartered Bank, Jakarta STATE BANK OF INDIA STANDARD CHARTERED BANK BBB- Baa2 BBB- Euroclear Bank 1 AA UNDEF AA+ EUROCLEAR BANK AA UNDEF AA+ Ireland HSBC Bank 2 A- Israel Bank Hapoalim Tel Aviv A- A2 A BANK HAPOALIM BM A- A2 A Italy SGSS SPA Milan Ivory Coast Banques en Cote d Ivoire 1 Shanghai Banking A- Corporation Limited 1 Japan Citibank NA, Tokyo 1 CITIGROUP INC BBB+ Baa1 A Jordan Kenya Korea (South) Kuwait The Bank of Tokyo Mitsubishi UFJ LTD 2 A A1 A MITSUBISHI UFJ FIN/TOKYO Standard Chartered - STANDARD Amman CHARTERED BANK Standard Chartered Bank Mauritius 1 STANDARD CHARTERED BANK Shanghai Banking Corporation Limited Limited 1 UNDEF A2 AA- A A1 A A- A- Latvia Swedbank AS Riga SWEDBANK AB Lithuania AB SEB Bankas - Vilnius 1 SKANDINAVISKA ENSKILDA BANKEN AB A+ Aa3 AA-

7 Country Sub-custodian S&P Moody's Fitch Parent Company Name Luxembourg SGBT - Luxembourg A UNDEF UNDEF Clearstream Banking SA Luxembourg 2 DEUTSCHE BOERSE AG Malaysia Mali Mauritius Mexico Morocco Netherlands Zealand Niger Nigeria HSBC Bank Malaysia Berhad *The list does not include imposed sub custodians 09/04/18 7 of 8 THE HONGKONG & SHANGAI BANKING CORPORATION LTD Banques en Cote d Ivoire 1 Shanghai Banking Corporation Limited 1 Banco Santander Mexico Société Générale Marocaine de Banques (SGMB-SG) Casablanca Societe Generale SA 1 + BANCO SANTANDER SA S&P Moody's Fitch AA- UNDEF UNDEF A- Citigroup Pty Limited CITIGROUP INC BBB+ Baa1 A Citibank NA GW UK 2 A+ A1 A+ CITIGROUP INC BBB+ Baa1 A Banques en Cote d Ivoire 1 Standard Chartered Bank Nigeria LTD 1 STANDARD CHARTERED BANK Norway Nordea Bank - Norway NORDEA BANK AB Oman Limited 1 UNDEF A2 AA- A- Citibank Del Peru SA- Peru 1 CITIGROUP INC BBB+ Baa1 A Lima Philippines Shanghai Banking A- Corporation Limited Poland SG - Varsaw Portugal Qatar Romania Bank Pekao SA 2 BBB+ A2 A- BANK PEKAO SA 2 BBB+ A2 A- BNP Paribas Securities Services BNP PARIBAS Limited Banque Roumaine de Developpement (BRD) Bucharest UNDEF A2 AA- UNDEF Baa3 BBB+ Russia ROSBank Moscow UNDEF Ba2 BBB- Saudi Arabia HSBC Saudi Arabia 1 Senegal Serbia Singapore SAUDI BRITISH BANK (51%) (49%) Banques en Cote d Ivoire 1 Societe Generale Banka Srbija AD Beograd 1 Shanghai Banking A- See HSBC HOLD INGS plc See HSBC HOLD INGS plc See HSBC HOLD INGS plc A-

8 Country Sub-custodian S&P Moody's Fitch Parent Company Name Corporation Limited 1 S&P Moody's Fitch Citibank NA GW UK 2 CITIGROUP INC BBB+ Baa1 A Slovakia CSOB Bratislava 1 KBC BANK A A1 A Slovenia SKB Banka DD 1 South Africa Spain Societe Generale - Johannesburg Societe Generale - Madrid Sweden Nordea Bank AB NORDEA BANK AB Switzerland Thailand Societe Generale - Zürich SIX SIS AG 2 SIX GROUP AG AA- UNDEF UNDEF Shanghai Banking Corporation Limited 1 Taiwan HSBC Bank Taiwan LTD Togo Tunisia THE HONG KONG & SHANGAI BANKING CORPORATION LTD Banques en Cote d Ivoire 1 Union Internationale de Banques (UIB) - Tunis 1 A- Turkey TEB Securities Services BNP PARIBAS Ukraine Citibank NA GW UK 1 A+ A1 A+ CITIGROUP INC BBB+ Baa1 A United Arab Emirates United Kingdom United States National Bank of Abu Dhabi 2 NATIONAL BANK OF ABU DHABI Ltd 1 UNDEF A2 AA- A- Euroclear Bank 1 AA UNDEF AA+ EUROCLEAR BANK AA UNDEF AA+ HSBC Bank Brown Brothers Harriman - NY 1 UNDEF UNDEF A+ BROWN BROTHERS HARRIMAN A A2 AA- UNDEF UNDEF A+ Citibank NA, York A+ A1 A+ CITIGROUP INC BBB+ Baa1 A BNP Paribas Securities Services SA, NY Branch 1 BNP PARIBAS Uruguay Citibank NA GW UK 2 CITIGROUP INC BBB+ Baa1 A Vietnam HSBC Bank (Vietnam) 1 Limited THE HONG KONG & SHANGAI BANKING CORPORATION LTD *The list does not include imposed sub custodians 09/04/18 8 of 8

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