09:19 <04653>, <04654> & <03511> - Announcement (1) The Stock Exchange of Hong Kong Limited (the "Stock Exchange") takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Notice of Expiry relating to certain European Style (Cash Settlement) Warrants 2004/2005 issued by SGA Societe Generale Acceptance N.V. (incorporated in the Netherlands Antilles with limited liability) and unconditionally and irrevocably guaranteed by Societe Generale (incorporated in France) Notice of Expiry relating to the following warrants (together, the "Warrants"): Stock Code 4653 Currency Euro against United States Dollar Type Call Issue Size 193,000,000 Expiry Date 30 May 2005 Strike Level 1.34 Final Settlement Level Bid-quote for the EUR/USD exchange rate taken by the Issuer at or about 2:00 p.m. (Hong Kong time) on the Expiry Date from Reuters page "ASFH" Board Lot 10,000 Entitlement Ratio 1 Warrant for EUR 1.00 Last Trading Date 24 May 2005 Closing Price of the Warrants on 18 May 2005 HK$0.01 Closing Price of the Currency at or about 2:00 p.m. (Hong Kong time) on 18 May 2005 1.2609 In/ Out of the Money on 18 May 2005 (based on the Strike Level) 5.9% Out of the Money Stock Code 4654 Currency United States Dollar against Japanese Yen Type Call Issue Size 196,000,000 Expiry Date 30 May 2005 Strike Level 108.00 Final Settlement Level Bid-quote for the USD/JPY exchange rate taken by the Issuer at or about 2:00 p.m. (Hong Kong time) on the Expiry Date from Reuters page "ASFH" Board Lot 10,000 Entitlement Ratio 1 Warrant for USD 1.00 Last Trading Date 24 May 2005 Closing Price of the Warrants on 18 May 2005 HK$0.05 Closing Price of the Currency at or about 2:00 p.m. (Hong Kong time) on 18 May 2005 107.62 In/ Out of the Money on 18 May 2005 (based on the Strike Level) 0.35% Out of the Money Stock Code 3511 Currency Australian Dollar against United States Dollar Type Call Issue Size 196,000,000 Expiry Date 30 May 2005 Strike Level 0.7475 Final Settlement Level Bid-quote for the AUD/USD exchange rate taken by the Issuer at or about 2:00 p.m. (Hong Kong time) on the Expiry Date from Reuters page "ASFI" Board Lot 10,000 Entitlement Ratio 1 Warrant for AUD 1.00 Last Trading Date 24 May 2005 Closing Price of the Warrants on 18 May 2005 HK$0.096 Closing Price of the Currency at or about 2:00 p.m. (Hong Kong time) on 18 May 2005 0.7555 In/ Out of the Money on 18 May 2005 (based on the Strike Level) 1.07% In the Money SGA Societe Generale Acceptance N.V. (the "Issuer") would like to remind holders of the Warrants (the "Warrantholders") that under the terms and conditions of the Warrants (the "Conditions"), the rights to exercise the Warrants will expire at 10.00 a.m. (Hong Kong time) on the Expiry Date. Any Warrants which have not been exercised on or before such time will lapse and the permanent global certificate in respect of the Warrants will expire immediately thereafter and all rights of the Warrantholder with respect to such Warrants shall cease. The Warrants must be exercised in a Board Lot or integral multiples thereof. The Warrants are European Style and exercisable only on the Expiry Date. The Warrants are in global registered form. No registrar has been appointed and no register of Warrantholders is maintained in respect of the Warrants.