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Nomination

02 Aug 2016

The Board of Directors of BRD, held on the 2^nd of August, appointed François Bloch to succeed to Philippe Lhotte as CEO, with effective date November 1^st 2016. The appointment of François Bloch is subject to the approval of the Central Bank of Romania. Philippe Lhotte remains member of BRD’s Board, while he will take other responsibilities within Societe Generale Group.

Commenting on this appointment, Gianluca Soma, Chairman of BRD’s Board of Directors said: “I would like to express my gratitude on behalf of the Board to Philippe Lhotte for his dedication and his important contribution to BRD recovery and development. Philippe Lhotte has successfully achieved to transform and to adapt BRD in order to strengthen its position on Romanian market in a challenging environment. To continue the balanced and sustainable development which has generated good financial and commercial results we communicate today, wide-ranging experience in banking of François Bloch - and in particular his in-depth international experience - will be key support and drive.”

Bernardo Sanchez Incera, Deputy CEO of SG Group and BRD Board member stated: “I sincerely thank Philippe Lhotte and BRD management team for their remarkable achievements. More than ever Societe Generale Group is confident on Romanian market and BRD outlooks”.

BRD-Groupe Société Générale is the second bank in Romania considering the total assets’ volume. BRD - Groupe Société Générale has 2.2 million active customers and operates a network of 818 units. BRD has a leading position on the card market with approx. 2.2m cards and a network acceptance of more than 26,000 POS and 1,500 ATMs. With factoring operations of EUR 921m in 2015, BRD is the leader of the factoring market. Total assets of the Bank at June 30, 2016 end amounted to RON 48.4 Bn.

BRD is part of the Société Générale Group, one of the largest European financial services groups. The group has 145,000 employees in 66 countries and 31 million customers worldwide in its three key activities:

Retail banking in France

International Retail Banking, Financial Services and insurance

Corporate and investment banking, private banking, asset management and securities services

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