Interim Financial Statements for third quarter and first nine months of 2017

SG FINANS AS 2017 Interim Financial Statements for third quarter and first nine months of 2017 (Unaudited figures)

Report of the Board of Directors as of September 30 th, 2017 In the first nine months of 2017, SG Finans has: - established new financing to clients for MNOK 10 961 (MNOK 10 940 for the same period in 2016), an increase of 0,2 %. - net banking income of MNOK 1 158 (MNOK 984). - total loan losses of MNOK 8,8 or 0,04 % of average funded assets (MNOK 39,4 / 0,17 %). - total comprehensive income of MNOK 536 (MNOK 376). - total assets of MNOK 34 940 (MNOK 36 336). - capital adequacy ratio of 16,3 % (14,8 %) for tier 1 capital and 20,3 % (19,0 %) for total capital. Business activities In the first nine months of 2017 SG Finans has established new financing in Scandinavia of MNOK 10 961 compared to MNOK 10 940 for the same period in 2016. This is an increase of 0,2 %. Margins for new financing are broadly at the same level as in the same period in 2016. The market share within equipment finance in Norway is 27,3 % at September 30 th, an increase since year-end 2016. SG Finans increases the market share within financing of high-tech and industrial equipment, while the market share is lower for financing of transport equipment. SG Finans maintains its position as market leader in equipment finance in Norway. We see continued growth in new financing of equipment in Denmark, and we increase our market share in the Danish market to 12%. In Sweden new financing volumes are lower compared to last year, further to changes in the sales organisation. We expect financing volumes to pick up again in Sweden. Within Factoring, SG Finans is market leader in Norway with a market share of 40 % in ordinary factoring. Total assets are at September 30 th MNOK 34 939,5 which is 3,8 % lower than MNOK 36 335,6 at end September 2016. The main evolution in total assets comes from a change in ALM principles with subsequent reversal of fixed rate investments, while new financing contribute to further underlying growth. 346 people were employed in SG Finans at the end of the third quarter. This is a reduction of 10 staff since year end 2016. Results SG Finans has Net Banking income of MNOK 1 158,4 in the first nine months of 2017 compared to MNOK 984,2 in the same period in 2016. The main increase in Net Interest Income comes from the realisation of positive market value on reversed fixed rate investments. Operating expenses amount to MNOK 444,0 in the period ending September 30 th 2017, compared to MNOK 436,6 in the same period in 2016. The increase in operating expenses is mainly due to increased costs related to fees and temporary staff. Total loan losses year to date amount to MNOK 8,8. This represents 0,04 % of average funded assets. Total loan losses for the same period in 2016 were MNOK 39,4 and 0,17 % of average funded assets. The operating profit is MNOK 705,7 in the first nine months of 2017, compared to MNOK 508,1 in the first nine months of last year. The main contributors to the MNOK 197,6 increase in 1

operating profit are the increased net interest income, reversals of allowances for loan losses and income on contracts previously written down. SG Finans AS produces a net result after tax of MNOK 534,9 for the period from January 1 st to September 30 th, 2017. This compares to a net result after tax of MNOK 377,9 in the same period last year. Risk management and Capital adequacy Based on the capital situation and buffers compared to tier 1 level targets at the end of 2016, the Board initiated measures to strengthen tier 1 ratio during 2017. As part of these measures, SG Finans has reversed fixed rate investments linked to asset and liability management. The reversal of these investments leads to a reduction in the balance sheet of NOK 4 bn at the end of September. Further, the reversal has given an increase in interest income in the period of MNOK 163,4. The Board assesses the capital situation as adequate further to the measures initiated, and the company has good access to funding from its parent company as well as external lenders. The regulatory capital as of 30 th of September is MNOK 5 608,5. The regulatory capital consists of MNOK 4 508,5 tier one capital, and MNOK 1 100,0 tier two capital. The basis for the calculation of capital requirements and adequacy at the end of September was MNOK 27 648,9. The capital adequacy at end of September 2017 was 20,3 %. Tier 1 capital ratio was 16,3 %. The capital coverage is satisfactory compared to regulatory minimum requirements and the company s internal requirements and guidelines for solidity and capital adequacy. As part of the company s capital management procedures, stress testing of all relevant risks are performed and the change in the capital requirement under various stress scenarios is evaluated. The capital adequacy is considered satisfactory also considering the results of the performed stress tests. Lysaker, November 15 th, 2017 Jochen Jehmlich Chairman Ellen Altenborg Tommy Pedersen Jacques Bensen Anett Carlsson Philippe Dairien Carsten Thorne Managing Director 2

INCOME STATEMENT Amounts in NOK thousand Notes Q3 2017 Q3 2016 YTD 2017 YTD 2016 2016 Total interest income 3,12 416 425 363 332 1 226 930 1 075 999 1 446 285 Total interest expenses 3,12-84 893-98 494-282 499-297 390-399 246 Net interest income 331 532 264 838 944 432 778 609 1 047 039 Commission and fees income 4 75 605 69 162 225 066 218 011 309 694 Commission and fees expenses 4-42 083-39 152-127 482-124 604-177 952 Net commission and fee income 33 521 30 010 97 585 93 407 131 742 Net gains/losses on financial instruments at fair value 5-740 1 275 815 1 880 2 277 Net change in value and gains on foreign currency -418-343 224-1 710-1 827 Total income on other activity 4 33 680 41 762 115 352 111 967 151 403 Net banking income 397 574 337 542 1 158 407 984 154 1 330 636 Total payroll, fees and other staff costs 6-98 901-94 052-278 980-277 127-371 742 Total other operating expenses 6-46 948-51 161-164 984-159 518-216 994 Gross operating proft 251 724 192 329 714 443 547 510 741 899 Losses on loans 7-10 308-9 406-8 779-39 432-52 603 Operating profit 241 417 182 923 705 663 508 078 689 296 Taxes 11-58 716-46 045-170 735-130 187-351 489 Profit for the period 182 701 136 878 534 928 377 891 337 807 Other comprehensive income Items that could be reclassified Exchange differences on translation of foreign operations -129-1 748 948-2 382-1 969 Taxes 31 437-228 595 492 Items that cannot be reclassified Actuarial gains and losses 13 0 0 0 0-2 863 Taxes 0 0 0 0 550 Other comprehensive income for the period 182 603 135 567 535 649 376 105 334 017 Attributable to: Equity holder of the parent 182 603 135 567 535 649 376 105 334 017 Total comprehensive income of the period 182 603 135 567 535 649 376 105 334 017 3

STATEMENT OF FINANCIAL POSITION Amounts in NOK thousand Notes 30.09.2017 30.09.2016 31.12.2016 Assets Cash and deposits with central banks 8 11 10 Deposits with financial institutions 12 616 37 740 236 217 Loans to financial institutions 12 557 4 037 366 4 033 768 Financial derivatives 15,16 337 434 249 876 400 255 Loans to customers Repayment loans 3 576 003 3 393 253 3 487 976 Factoring receivables 166 222 208 842 220 612 Factoring loans 2 401 163 2 249 830 2 076 574 Financial lease agreements 8,15 28 526 069 26 192 453 26 597 360 Total loans before allowances 34 669 458 32 044 377 32 382 521 Allowances on doubtful loans 7,10-362 808-369 743-379 631 Net loans to customers 9 34 306 650 31 674 634 32 002 890 Repossessed assets 39 257 29 935 23 766 Shares and primary capital certificates 100 160 100 Deferred tax asset 11 45 212 110 538 167 Other intangible assets 2 446 1 174 968 Machinery, tools and equipment, means of transport 19 074 20 495 20 664 Other assets 146 510 147 936 109 944 Prepayments and accrued income 29 651 25 709 27 933 Total assets 34 939 514 36 335 576 36 856 682 Amounts in NOK thousand Notes 30.09.2017 30.09.2016 31.12.2016 Liabilities Loans and deposits from financial institutions with agreed maturity 12 27 436 869 29 931 568 30 184 105 Deposits from and debt to customers with termination rights 176 816 155 735 190 662 Financial derivatives 15,16 443 565 286 493 122 221 Retention of margin and other customer accounts 8 078 47 403 21 056 Other liabilities 12 516 496 280 511 618 711 Accruals and deferred income 117 223 128 605 141 521 Pension liabilities 64 190 57 529 61 312 Current tax liability 11 234 984 0 111 449 Subordinated debt 12 1 100 000 1 100 000 1 100 000 Total Liabilities 30 098 220 31 987 843 32 551 037 Equity Share capital 945 436 945 436 945 436 Share premium account 240 639 240 639 240 639 Other equity including profit for the year 3 655 219 3 161 658 3 119 570 Total equity 4 841 294 4 347 733 4 305 645 Total liabilities and equity 34 939 514 36 335 576 36 856 682 Lysaker, November 15th, 2017 Jochen Jehmlich Ellen Altenborg Tommy Pedersen Chairman Jacques Bensen Anett Carlsson Philippe Dairien Carsten Thorne Managing Director 4

STATEMENT OF CHANGES IN EQUITY Amounts in NOK thousand Share capital Share premium Retained earnings Translation differences Actuarial gains and losses Total Equity 01.01.16 945 436 240 639 2 955 402 460-10 309 4 131 628 Profit for the period 377 891 377 891 Other comprehensive income -1 786-1 786 Dividends -160 000-160 000 Total equity 30.09.16 945 436 240 639 3 173 293-1 326-10 309 4 347 733 Equity 01.01.17 945 436 240 639 3 133 209-1 017-12 622 4 305 645 Profit for the period 534 928 534 928 Other comprehensive income 721 721 Dividends 0 Total equity 30.09.17 945 436 240 639 3 668 137-296 -12 622 4 841 294 5

CASH FLOW STATEMENT Amounts in NOK thousand YTD 2017 YTD 2016 Operations Interest income 1 173 282 1 054 072 Interest expenses -282 499-297 390 Other receipts 374 376 353 602 Operating expenses -582 048-556 440 Receipts on previous losses 12 996 17 110 Paid taxes -36 773 0 Net cash flow from operations 659 335 570 953 New investments leasing -10 693 297-9 586 601 Proceeds from sale of leasing 1 792 207 1 677 106 Decrease in loans ( net ) 10 635 217 5 775 189 Decrease ( increase ) in other receivables -96 286 122 598 Decrease ( increase ) in advance payments -1 718 3 609 Net cash flow from current financial activity 1 636 123-2 008 099 Decrease ( increase) in tangible assets -3 291-6 603 Shares and primary capital certificates 0-60 Net cash flow from investment activity -3 291-6 663 Increase (decrease) in customers' credit balances -26 825-65 728 Payment of dividends 0-160 000 Increase (decrease) in loans from credit institutions -2 363 071 2 138 751 Increase (decrease) in debt -109 765-707 253 Increase (decrease) accrued costs -17 055-72 065 Currency exchange without cash effect 945-3 495 Net cash flow from long term financial activity -2 515 770 1 130 210 Net cash flow -223 603-313 599 Cash at the 1st of January 236 227 351 350 Cash at end of period 12 624 37 752 Reconciliation cash at end of period Cash and deposits with central banks 8 11 Deposits with financial institutions 12 616 37 740 Cash at end of period 12 624 37 752 6

NOTES 1. ACCOUNTING PRINCIPLES SG Finans AS is a Scandinavian finance company and its business is carried out through a broad, Scandinavian distribution network with 15 regional and sales offices in Norway, 5 offices in Sweden and 2 in Denmark. SG Finans AS forms a part of of Société Générale SA, a group listed on the stock exchange with head office in Paris, France. The Group consolidated financial statement is prepared by Société Générale SA, and is available on www.socgen.com. The company is a limited company incorporated and domiciled in Norway. Its registered office is in Strandveien 18, Lysaker. The interim financial statements for the period ended September 30th 2017 were authorised for issue by the Board of directors on November 15th, 2017. SG Finans AS's activities are neither seasonal nor cyclical in nature, its period results were not affected by any seasonal or cyclical factors. The interim financial statements for SG Finans AS for the 9 month period ending September 30th, 2017 are prepared and presented in accordance with the revised IAS 34 Interim Financial Reporting. The interim financial statements do not include all the information and disclosures required in the annual financial statement, and should be read in conjunction with the financial statement as at 31 December 2016. IFRS, IFRIC interpretation and amendments applied by SG Finans AS as at January 1st, 2017 Accounting standards, amendments or interpretation No new standards adopted. Adoption date by the European Union Effective date Accounting standards, Amendments or interpretation to be applied in the future Not all of the accounting standards and interpretations published by the IASB (International Accounting Standards Board) have been adopted by the European Union at September 30, 2017. These accounting standards and interpretations are required to be applied from annual periods beginning on January 1, 2017 at the earliest or on the date of their adoption by the European Union. Accordingly, they were not applied by SG Finans AS as of September 2017. Accounting standards, Amendments or interpretation adopted by the European Union on September 30, 2017 Adoption date by the European Union Effective date Accounting standards, amendments or interpretations IFRS 9 Financial Instruments 22.11.2016 01.01.2018 IFRS 15 Revenue from Contracts with Customers 22.09.2016 01.01.2018 Accounting standards, amendments or interpretations not yet adopted by the European Union on September 30, 2017 Accounting standards, amendments or interpretations Adoption date by the IASB Effective date IFRS 16 Leases 13.01.2016 01.01.2019 Amendments to IAS 12: recognition of Deferred Tax Assets for Unrealised losses 19.01.2016 01.01.2017 Amendments to IAS 7: disclosure initiative 29.01.2016 01.01.2017 Annual Improvements to IFRS Standards 2014-2016 Cycle 08.12.2016 01.01.2018 7

2. IMPORTANT ACCOUNTING ESTIMATES AND DISCRETIONARY EVALUATION The preparation of interim financial statements in conformity with generally accepted accounting principles requires that occasionally management must make estimates and assumptions. Estimates and discretionary evaluations are regularly assessed and are based on historic experience and other factors, including the expectations of future events that are considered to be probable under the current circumstances. The company prepares estimates and makes presumptions and assumptions connected to the future. The accounting estimates that are based on this will seldom be entirely in accordance with the final outcome. Some accounting principles are considered to be especially important to enlighten the company s financial position because they require the management to make difficult or subjective assessments and determine estimates that are, for the most part, uncertain at the time the estimates are made. 3. NET INTEREST INCOME Amounts in NOK thousand Q3 2017 Q3 2016 YTD 2017 YTD 2016 Interest income from financial institutions, valued at amortised cost 81 562 32 330 228 793 94 389 Interest income from customers, valued at amortised cost 334 862 331 001 998 137 981 130 Other interest income 0 1 0 481 Total interest income 416 425 363 332 1 226 930 1 075 999 Interest expenses to financial institutions, valued at amortised cost -72 752-85 762-245 012-259 080 Interest expenses to customers, valued at amortised cost -569-612 -1 822-1 590 Interest expenses on subordinated debt -11 266-11 918-34 592-35 679 Other interest expenses -306-202 -1 073-1 041 Total interest expenses -84 893-98 494-282 499-297 390 Net interest income 331 532 264 838 944 432 778 609 4. NET FEES AND INCOME ON OTHER ACTIVITY Amounts in NOK thousand Q3 2017 Q3 2016 YTD 2017 YTD 2016 Commission and fees income from loans and similar to customers 75 605 69 162 225 066 218 011 Commission and fees income 75 605 69 162 225 066 218 011 Commission and fees expenses from loans and similar to customers -41 468-38 472-125 641-122 666 Other commission and fees expenses -615-681 -1 841-1 938 Commission and fees expenses -42 083-39 152-127 482-124 604 Net commission and fees income 33 521 30 010 97 585 93 407 Sales gains 22 863 26 757 76 285 75 736 Income from extension of leasing contracts 10 596 10 633 31 913 31 295 Other income 220 4 371 7 155 4 935 Total income other activity 33 680 41 762 115 352 111 967 5. NET GAINS ON FINANCIAL INSTRUMENTS AT FAIR VALUE Amounts in NOK thousand Q3 2017 Q3 2016 YTD 2017 YTD 2016 Net gains/losses on financial derivatives, trading 509 981 1 422 1 809 Change in fair value on financial derivatives, hedging 3 437 16 624 15 459 8 445 Change in fair value on hedged fixed interest contracts -4 687-16 330-16 066-8 374 Net gains/losses on financial instruments at fair value through P&L -740 1 275 815 1 880 8

6. OPERATING EXPENSES Amounts in NOK thousand Q3 2017 Q3 2016 YTD 2017 YTD 2016 Payroll -70 247-65 042-195 095-191 786 Pensions -8 299-8 250-25 940-25 051 Social security costs -11 107-11 220-30 156-31 221 Other staff cost -9 248-9 540-27 790-29 067 Total payroll, fees and other staff costs -98 901-94 052-278 980-277 127 Rent and other office costs -11 008-11 053-33 479-34 326 Fees and temporary staff -16 649-13 701-55 396-45 867 Travel and marketing -3 936-4 101-17 065-16 520 Other operating costs -3 134-2 730-10 874-11 166 Intragroup services -10 753-18 014-43 315-46 833 Depreciation and gain/loss -1 470-1 562-4 855-4 806 Total other operating expenses -46 948-51 161-164 984-159 518 Total operating expenses -145 850-145 213-443 965-436 645 7. LOSSES AND ALLOWANCES RECOGNISED IN THE PROFIT AND LOSS ACCOUNTS Amounts in NOK thousand Q3 2017 Q3 2016 YTD 2017 YTD 2016 Allowances on doubtful loans Allowances on doubtful loans as of 01.01 379 631 355 444 - Exchange rate adjustments (opening balance) -3 320 7 549 - Actual losses that are covered by previous allowances 32 590 31 732 - Reclassification of previous allowances 145 347 111 195 + Allowances on doubtful loans in the period 157 794 164 775 = Allowances on doubtful loans at end of period 362 808 369 743 Losses on loans Write-downs for loan losses at end of period 362 808 369 743 362 808 369 743 + Exchange rate adjustments (opening balance) 15 929-7 922-3 583 8 167 - Write-downs for loan losses as at 01.01 379 631 355 444 379 631 355 444 + Total actual losses 24 625 13 272 61 336 54 562 - Income on actual losses 13 423 10 243 32 151 37 596 = Losses on loans 10 308 9 406 8 779 39 432 8. LEASING (FINANCIAL LEASING ASSETS) Amounts in NOK thousand 30.09.2017 30.09.2016 Purchase cost 01.01 49 044 560 47 032 418 Exchange rate difference (opening balance) 458 645-1 021 665 Inflow during the year 10 215 527 9 586 601 Outflow during the year -7 575 988-7 148 166 Purchase costs at end of period 52 142 744 48 449 188 Accumulated ordinary depreciation 01.01 20 444 469 20 053 500 Exchange rate difference 01.01 195 564-384 667 Ordinary depreciation during the year 6 733 330 6 216 091 Reversed depreciation sold assets -5 876 817-5 609 511 Accumulated depreciation at end of period 21 496 546 20 275 412 Book value leasing assets at end of period 30 646 198 28 173 776 Customer receivables -2 177 708-2 085 033 Other accruals 57 579 103 710 Book value in the balance sheet at end of period 28 526 069 26 192 453 Customer receivables are ordinary leasing receivables and advancement on leasing rent. Up front fees constitute other accruals. 9

Overview of future minimum finance lease rental: 30.09.2017 30.09.2016 Within 1 year 7 312 962 6 750 118 1 to 5 years 23 157 712 21 375 375 Future minimum finance lease rental 30 470 674 28 125 493 Average interest 3,33 % 3,68 % Present value of minimum lease payments 27 750 977 25 777 434 Unearned finance income 2 029 338 2 055 980 9. RISK CLASSIFICATION Amounts in NOK thousand 30.09.2017 30.09.2017 Whereof Days outstanding status Net loans to customers past due, non-doubtful Not past due 32 494 125 1-29 1 356 599 1 307 703 30-59 217 464 201 729 60-89 182 448 139 860 90-179 42 341 2 487 > 180 11 859 7 758 > 1 year 1 812 1 507 Total 34 306 650 1 661 045 Amounts in NOK thousand 30.09.2016 30.09.2016 Whereof Days outstanding status Net loans to customers past due, non-doubtful Not past due 30 208 983 1-29 1 075 130 1 011 892 30-59 168 068 151 435 60-89 139 749 108 760 90-179 56 101 4 898 > 180 26 469 2 280 > 1 year 133 0 Total 31 674 634 1 279 266 Credit exposure: Amounts in NOK thousand 30.09.2017 30.09.2016 Net loans to customers 34 306 650 31 674 634 Positive market value derivatives 337 434 249 876 Guarantee liabilities and loan commitments 1 523 514 1 003 293 Total credit exposure 36 167 599 32 927 804 10. DOUBTFUL LOANS Amounts in NOK thousand 30.09.2017 30.09.2016 Gross doubtful loans 782 762 824 138 - Write-downs on impaired assets -362 808-369 743 Net doubtful loans 419 954 454 395 11. INCOME TAX The company calculates the tax payable based on an estimated effective tax rate. For 2016 the effective tax rate was 51,0 % at year end and the expected effective tax rate for 2016 was 25 %. For 2017 this is expected to be 24,2 %. Deferred tax assets are for interim based on an estimate for the year. The estimate is prepared based on previous years' development in the leasing portfolio, adjusted for year acquisitions and disposals. Expected changes in the deferred tax is recognized by 75 % for the period ending 30 September 2017. The main contributer to the fluctuation in effective tax rate is exchange rate effects from the portfolio. Amounts in NOK thousand Q3 2017 Q3 2016 YTD 2017 YTD 2016 Current income tax expense 74 976 0 219 516 2 228 Gross deferred tax expense -16 260 46 045-48 781 127 959 Income tax expense for the period 58 716 46 045 170 735 130 187 10

12. INFORMATION ON RELATED PARTIES Amounts in NOK thousand 30.09.2017 30.09.2016 Assets/interest income Loans to Group companies 0 4 037 147 Interest income 223 389 90 425 Liability/interest expense Loans from Group companies 22 058 279 25 696 691 Other liabilities 5 092 5 868 Interest expense 176 227 187 012 Subordinated debt 1 100 000 1 100 000 Interest expense on subordinated debt 34 592 35 679 Funding is primarily provided by the parent company Société Générale, on the basis of a framework agreement and limits. All transactions are made on market terms. 13. EMPLOYEE BENEFITS For the period ending 30 September 2017, it is not obtained a new actuary estimate. It is therefore not presented any effect of actuarial gains and losses in other comprehensive income. The company considers the possible effect of actuarial gains and losses as immaterial for the assessment of the financial position for the 9 month period ending 30 September 2017. At year end 2016 the actuarial gains and losses recognised in other comprehensive income was TNOK 2 863, giving a negative effect on the equity of TNOK 2 313. 14. CAPITAL ADEQUACY Amounts in NOK thousand 30.09.2017 30.09.2016 Common Equity Tier 1 capital Share capital 945 436 945 436 Share premium account 240 639 240 639 Other equity 01.01 3 119 570 2 945 553 Independently reviewed interim profits net of any foreseeable charge and dividend 353 046-160 000 Common Equity Tier 1 capital before regulatory adjustment 4 658 691 3 971 628 Common equity Tier 1 capital: Regulatory adjustment Deferred tax assets 0 0 Intangible assets (net of related tax liability) -1 835-881 Negative amounts resulting from the calculation of expected loss -148 365-130 391 Total regulatory adjustments to Common Equity Tier 1-150 200-131 272 Common Equity Tier 1 capital 4 508 491 3 840 356 Tier 1 capital 4 508 491 3 840 356 Subordinated debt 1 100 000 1 100 000 Tier 2 capital 1 100 000 1 100 000 Total capital 5 608 491 4 940 356 Amount below the thresholds for deductions Deferred tax assets arising from temporary differences 45 212 110 538 Standardised method Local and regional authorities (including muncipalities) 237 556 217 098 Institutions 7 196 821 343 Corporate 9 746 797 6 797 783 Engagements in default 123 520 147 901 Total Credit risk, standardised method 10 115 069 7 984 125 IRB method Corporate - small and medium sized businesses 10 713 612 10 504 720 Corporate - other 4 380 073 4 703 461 Total Credit risk, IRB method 15 093 685 15 208 181 11

Credit risk weighted assets 25 208 754 23 192 306 Operational risk, basic indicator approach 2 440 098 2 348 261 Additional requirement according to Basel II floor 0 493 843 Total calculation basis 27 648 852 26 034 410 Capital ratios Common Equity Tier 1 16,3 % 14,8 % Tier 1 16,3 % 14,8 % Total capital 20,3 % 19,0 % Capital ratios excluding transitional rule (Basel II floor) Common Equity Tier 1 16,3 % 15,0 % Tier 1 16,3 % 15,0 % Total capital 20,3 % 19,3 % Capital ratio requirements Common Equity Tier 1 4,5 % 4,5 % Tier 1 6,0 % 6,0 % Total capital 8,0 % 8,0 % Institution specific buffer requirement 6,7 % 7,0 % of which: capital conservation buffer 2,5 % 2,5 % of which: countercyclical buffer 1,2 % 1,5 % of which: systemic risk buffer 3,0 % 3,0 %...of which: systemically important institution buffer 0,0 % 0,0 % Pilar 1 capital requirements and capital buffers Common Equity Tier 1 11,2 % 11,5 % Tier 1 12,7 % 13,0 % Total capital 14,7 % 15,0 % Capital surplus, nominal amounts Common Equity Tier 1 capital above minimum capital requirements and capital buffers 1 408 464 846 399 Tier 1 capital above minimum capital requirements and capital buffers 993 731 455 883 Total capital above minimum capital requirements and capital buffers 1 540 754 1 035 194 Pilar 2 - Internal capital adequacy assesment Prudential pilar 2 capital requirement: 1,50% of calculation basis 414 733 244 600 Capital buffer above prudential pilar 2 capital requirement Common Equity Tier 1 993 731 601 799 Tier 1 578 998 211 283 Total capital 1 126 021 790 594 SG Finans has been validated to calculate capital requirements and capital adequacy according to Advanced Internal Rating Based Approach for the major portfolios. The capital adequacy calculations are consequently based on SG Finans internal parameters a.o. for PD ("Probability of Default"), LGD ("Loss given Default"), M ("Maturity) for these portfolios. According to the transition rule, the capital requirement shall not be reduced below 80% of the level calculated using the Basel II Standard method. The impact of the transition rule adjustment factor is presented in the note on capital adequacy. The capital requirement for Operational Risk is calculated according to the Basic Indicator / Standard Approach for operational risk. The entity does not take Market Risk positions, and the capital requirement for market risk is nil. 12

15. METHOD FOR CALCULATION OF FAIR VALUE OF FINANCIAL INSTRUMENTS Regarding financial instruments recorded at fair value, see description in note 1 Accounting Principles. Lending (loans and financial leasing) to and receivables on customers: The pricing of lending (loans and financial leasing) is based on market prices. Stipulated prices include additions to cover credit risk. The value of impaired engagements is determined by discounting expected future cash flows. We therefore assess that the recorded value is a fair estimate of fair value for loans and receivables valued at amortised cost. Loans from financial institutions and deposits from customers: Fair value is determined to be equal recorded value for loans from financial institutions and deposits from customers valued at amortised cost. SG Finans uses the following hierarchy related to determining and disclosing the fair value of financial instruments: 1) Quoted (unadjusted) prices in active markeds for identical assets or liabilities (level 1) 2) Other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly (level 2) 3) Techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data (level 3) Amounts in NOK thousand Financial assets 30.09.2017 Level 1 Level 2 Financial derivatives 0 337 434 Financial lease agreements 0 2 814 488 Total assets 0 3 151 923 Amounts in NOK thousand Financial liabilities 30.09.2017 Level 1 Level 2 Financial derivatives 0 443 565 Total liabilities 0 443 565 Amounts in NOK thousand Financial assets 30.09.2016 Level 1 Level 2 Financial derivatives 0 249 876 Financial lease agreements 0 2 711 828 Total assets 0 2 961 704 Amounts in NOK thousand Financial liabilities 30.09.2016 Level 1 Level 2 Financial derivatives 0 286 493 Total liabilities 0 286 493 SG Finans does not have any financial instruments classified in level 3. 16. OFFSETTING The company has established CSA agreements (collateral security agreement) with its main counterparts.the agreements involve a mutual commitment to provide collateral for derivatives trading between the parties. Amounts in NOK thousand 30.09.2017 30.09.2016 Financial derivatives - assets Gross amount 337 434 249 876 Amounts that are offset 0 0 Net amount in financial position 337 434 249 876 Financial instruments on balance sheet -443 565-286 493 Cash collateral in the balance sheet 12 180 132 720 Net position -93 951 96 103 Amounts in NOK thousand 30.09.2017 30.09.2016 Financial derivatives - liabilities Gross amount 443 565 286 493 Amounts that are offset 0 0 Net amount in financial position 443 565 286 493 Financial instruments on balance sheet -443 565-286 493 Cash collateral in the balance sheet 0 0 Net position 0-0 SG Finans has set-off rights for leasing agreements where customers also have entered into factoring arrangements with the company. 13

17. CONTINGENCIES SG Finans has a commercial dispute estimated at MNOK 2, primary to cover expenses to lawyers. 18. ASSETS PLEDGED AND RECEIVED AS SECURITY In June 2014 SG Finans signed a collateral secured loan drawn over a 2 and 4 year funding period with an aggregate value of 250 MEUR. The lender holds encumbrance, MEUR 332,5 in the transport portfolio. 19. EVENTS AFTER THE REPORTING PERIOD The company is at the date of issue,15 November 2017, not familiar with matters that are likely to change the assessment of the financial position as at 30 September 2017. 14

SG FINANS AS SG Finans AS is Norway s leading finance company within equipment leasing and factoring. The company s products are marketed under the trademarks Societe Generale Equipment Finance and Societe Generale Factoring. The company is a part of the French Societe Generale Group, one of Europe s largest financial corporations. SG Finans has a strong local presence with 50 years history and 21 offices in Norway, Sweden and Denmark. The head office for the Scandinavian businesses is located at Lysaker (Oslo/Norway). The company has total managed assets of NOK 37 billion and 360 skilled employees, all working to provide our customers and partners with solutions for their business. HEAD OFFICE SCANDINAVIA SG FINANS AS STRANDVEIEN 18 POST BOX 105 1325 LYSAKER TELEPHONE: +47 21 63 20 00 OFFICES IN NORWAY BERGEN - BODØ - DRAMMEN - FREDRIKSTAD - HAMAR - HARSTAD HAUGESUND - KRISTIANSAND - OSLO/LYSAKER (HEAD OFFICE) SANDEFJORD - SKIEN - STAVANGER - TROMSØ - TRONDHEIM - ÅLESUND OFFICES IN SWEDEN GOTHENBURG - MALMØ - STOCKHOLM - UMEÅ OFFICES IN DENMARK COPENHAGEN - VEJLE