LONDON – 4 May 2017 – Société Générale SA and the Libyan Investment Authority (LIA) jointly announce that they have signed a confidential settlement agreement.

Société Générale SA and the Libyan Investment Authority (LIA) jointly announce that they have signed a confidential settlement agreement that resolves all matters between both parties concerning five financial transactions entered into between 2007 and 2009 that have been the subject of legal action in the English High Court. The terms of the settlement are confidential. Société Générale SA wishes to place on record its regret about the lack of caution of some of its employees. Société Générale SA apologises to the LIA and hopes that the challenges faced at this difficult time in Libya’s development are soon overcome.