CI Protected Leverage Deposit Notes, Series 2 due March 13, 2013

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1 INFORMATION STATEMENT DATED DECEMBER 17, 2007 This Information Statement has been prepared solely for assisting prospective purchasers in making an investment decision with respect to the Notes. This Information Statement should not be reproduced or disseminated in whole or in part without the permission of SG Canada. This Information Statement constitutes a public offering of these notes only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such notes. No securities regulatory authority in Canada has in any way passed upon the merits of the notes offered hereunder and any representation to the contrary is an offence. The Notes offered under this Information Statement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities law and may not be offered or sold in the United States or to U.S. persons. The Notes offered under this Information Statement may not be offered or sold in any jurisdiction outside of Canada where it would be unlawful to do so. CI Protected Leverage Deposit Notes, Series 2 due March 13, 2013 Payment of all amounts under the Notes will be irrevocably and unconditionally guaranteed by Société Générale Société Générale (Canada) ("SG Canada"), a Schedule II bank under the Bank Act (Canada) and a wholly-owned subsidiary of Société Générale, is hereby offering CI Protected Leverage Deposit Notes, Series 2 (each a "Note" and, collectively, the "Notes") due March 13, 2013 (the Maturity Date ), the return on which is linked, in the manner provided herein, to the performance of Series A units ( Units ) of Signature Income & Growth Fund (the "Fund") managed by CI Investments Inc. The Notes are designed to provide 200% exposure to Units of the Fund, while providing principal protection at Maturity. The Notes will be offered at a price of $100 per Note (the Principal Amount ). The Notes will mature on the Maturity Date and may not be redeemed by SG Canada prior to the Maturity Date. At Maturity, a Note entitles the holder to payment of an amount in Canadian dollars equal to the Principal Amount plus the Variable Return, if any (collectively referred to as the Maturity Redemption Amount ). The Variable Return is based on the performance of a notional portfolio ( Portfolio ). The Portfolio will provide 200% exposure to the Units of the Fund and 100% exposure to a Loan (as defined below) throughout the term of the Notes, regardless of the performance of the Fund. The Portfolio will be reset on a daily basis to ensure 200% exposure to Units of the Fund and 100% exposure to the Loan is continuously maintained. The amount of the Variable Return payable at Maturity, if any, will be determined by reference to the Final Portfolio Value (as defined below). The Variable Return, if any, per Note will be payable in Canadian dollars on the Maturity Date and will equal the amount, if any, by which the Final Portfolio Value exceeds the Principal Amount. The Final Portfolio Value will equal the Portfolio Value (as defined below) on the third Business Day preceding the Maturity Date (the Final Calculation Date ). The Portfolio Value per Note on the Settlement Date will equal $100. It is possible that the Final Portfolio Value will be less than $100 per Note, in which case no Variable Return will be payable on the Notes and only the Principal Amount will be payable on the Maturity Date. The Notes will mature on the Maturity Date (as defined below) and are not redeemable prior to the Maturity Date. The Notes will be subject to a fee (the Portfolio Fee ) equal to 2.95% per annum of the aggregate value of the Units in the Portfolio. The Portfolio Fee will be calculated and payable daily to the Calculation Agent of the Notes. From the Portfolio Fee, the Calculation Agent will pay a fee to the CI Investments Inc. in respect of any management expenses payable on the Fund. Info Statement_CI Protected Leverage_S2_FINAL.doc

2 The Notes represent deposits under the Bank Act (Canada). The Notes will not bear interest but will rather have a return per Note, if any, equal to the difference between the Maturity Redemption Amount and the Principal Amount. All payments due under the Notes will be subject to an irrevocable and unconditional guarantee (the "Guarantee") by Société Générale ("Société Générale" or the "Guarantor"), a French banking corporation. Prospective investors should carefully consider with their advisors the suitability of the Notes in light of their investment objectives and the information in this Information Statement, and should carefully consider certain risk factors associated with an investment in the Notes, including those set out below under Risk Factors. In this Information Statement, "$" refers to Canadian dollars unless otherwise expressly specified. PRICE: 100% of the Principal Amount Minimum Subscription: $5,000 (50 Notes) THE NOTES WILL NOT CONSTITUTE DEPOSITS THAT ARE INSURED UNDER THE CANADA DEPOSIT INSURANCE CORPORATION ACT OR ANY OTHER DEPOSIT INSURANCE REGIME. SG Canada will promote, on a best efforts basis, the sale of the Notes in Canada and will form a selling group for the purposes of offering the Notes for sale if, as and when issued by SG Canada. The settlement of this offering is scheduled to occur on or about March 13, 2008 (the "Settlement Date"). Subscriptions will be received subject to rejection or allotment in whole or in part and the right is reserved to close the subscription books at any time without notice. Subscriptions for Notes must be made through the mutual fund entry system FundSERV, under the mutual fund order code SGC101. Subscription funds received will be deposited in an account established by Société Générale Securities Inc. ( SGS ) at HSBC Trust Company (Canada), in trust for the beneficial Holders. Beneficial Holders will not earn or be paid interest on the subscription funds held by HSBC Trust Company (Canada). See "FundSERV Subscription through a dealer on FundSERV". A global certificate for the aggregate Principal Amount of the Notes will be issued in registered form to CDS Clearing and Depository Services Inc. or its nominee ("CDS") and will be deposited with CDS on the Settlement Date. Subject to limited exceptions, certificates evidencing the Notes will not be available to Holders and registration of interests in the Notes will be made only through CDS' book-entry system. See "Description of the Notes Book-Entry System". This Information Statement has been prepared for the sole purpose of assisting prospective investors in making an investment decision with respect to the Notes. SG Canada has taken reasonable care to ensure that the facts stated in this Information Statement with respect to the description of the Notes are true and accurate in all material respects and that there are no other material facts in relation to the Notes the omission of which would make any statement herein, whether of fact or opinion, misleading as of the date hereof. 2

3 No person has been authorized to give any information or to make any representations other than those that may be contained in: (a) (b) (c) this Information Statement, any amendments made from time to time to this Information Statement, or any supplementary terms and conditions provided in any related global deposit note lodged with a depository or other definitive replacement deposit note; in connection with the offering or sale of the Notes and, if given or made, such information or representations must not be relied upon as having been authorized. Neither the delivery of this Information Statement nor the issue of the Notes nor any sale thereof will, under any circumstances, constitute a representation or create any implication that there has been no change in the affairs of SG Canada since the date hereof. This Information Statement constitutes an offering of the Notes only in those jurisdictions and to those persons where and to whom they may be lawfully offered for sale, and then only through persons duly qualified to effect such sales. This Information Statement does not constitute an offer or invitation by anyone in any jurisdiction in which such offer or invitation is not authorized or to any person to whom it is unlawful to make such offer or invitation. The distribution of this Information Statement and the offering and sale of the Notes in some jurisdictions may be restricted by law. Persons into whose possession this Information Statement comes are required by SG Canada to inform themselves of and observe any and all such restrictions. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act"), and subject to certain exceptions, may not be offered or sold within the United States or to U.S. persons as contemplated under the U.S. Securities Act and the regulations thereunder. No securities commission or similar authority has in any way passed upon the merits of the Notes or reviewed this Information Statement and any representation to the contrary is an offence. All information in this Information Statement relating to the Fund is derived from publicly available sources. SG Canada makes no assurances, representations or warranties with respect to the accuracy, reliability or completeness of information obtained from these publicly available sources. The daily net asset value of the Units of the Fund can be found at Information about the past performance of the Fund is not, and should not, be construed as being indicative of the future performance of the Fund. Past performance is not a guarantee of future results. No person receiving a copy of this Information Statement may treat this Information Statement as constituting an invitation to purchase or subscribe for the underlying Units of the Fund, and a purchase of Notes will not constitute an investment in the Units, nor will it give a Holder any rights in or to any such securities or the investments they represent. Protected Leverage is a trademark of Société Générale (Canada). CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. and have been licensed for use by Société Générale and its affiliates. CI and Signature Income & Growth Fund are trademarks of CI Investments Inc. and have been licensed for use by Société Générale and its affiliates. CI Investments Inc. makes no representation, condition or warranty, express or implied, to the Holders or any member of the public regarding the advisability of investing in securities generally or in the Notes particularly or the ability of the Notes to track the performance of the Fund or general stock market performance or any other economic factors. 3

4 TABLE OF CONTENTS SUMMARY OF THE OFFERING...5 DEFINITIONS...11 SG CANADA AND SOCIÉTÉ GÉNÉRALE...14 CI INVESTMENTS INC THE FUND...15 DESCRIPTION OF THE NOTES...20 FUNDSERV...30 GUARANTEE...31 CALCULATION AGENT...32 PLAN OF DISTRIBUTION...32 SECONDARY MARKET FOR THE NOTES...32 USE OF PROCEEDS...34 RISK FACTORS...34 CERTAIN CANADIAN INCOME TAX CONSIDERATIONS...40 ELIGIBILITY FOR INVESTMENT

5 SUMMARY OF THE OFFERING The following is a summary of more detailed information appearing elsewhere in this Information Statement. Capitalized terms not defined in this summary are defined elsewhere in this Information Statement. Issuer: Guarantor: Société Générale (Canada) Société Générale Notes Offered: CI Protected Leverage Deposit Notes, Series 2 due March 13, 2013 Fund: Units: Issue Size: Issue Price: Signature Income & Growth Fund Series A units of the Fund Maximum of $100,000,000. The maximum issue size may, however, be waived by SG Canada in its entire discretion. 100% of the Principal Amount. Settlement Date: On or about March 13, Maturity Date: Principal Amount: Minimum Subscription: Maturity Redemption Amount: Variable Return: Final Portfolio Value: March 13, 2013, or any later date resulting from the postponement of the Final Calculation Date due to a Market Disruption Event. See Description of the Notes Special Circumstances Market Disruption Event. $100 per Note. $5,000 (50 Notes). On the Maturity Date, each Holder is entitled to receive, in respect of each Note held by such Holder as at the Maturity Date, repayment of the Principal Amount plus payment of the Variable Return, if any (collectively referred to as the "Maturity Redemption Amount"). The amount of the Variable Return will be determined by the Final Portfolio Value. The Variable Return, if any, per Note will be payable in Canadian dollars on the Maturity Date and will equal the amount, if any, by which the Final Portfolio Value exceeds the Principal Amount. The Final Portfolio Value means the Portfolio Value determined on the Final Calculation Date. The Portfolio Value will be $100 on the Settlement Date and, for any Calculation Date thereafter, shall equal a number equal to: Previous Portfolio Value x (200% x Daily Fund Return 100% x Loan Charge) Principal Amount Repayment: In addition to the Variable Return, if any, payable to Holders, the full Principal Amount of $100 per Note will be payable on the Maturity Date (regardless of the performance of the Portfolio and even if, for any reason, the Final Portfolio Value is less than $100). The Notes cannot be redeemed or retracted prior to the Maturity Date, but they can be sold in any available secondary market as described under Secondary Market for the Notes. 5

6 Portfolio: The value of the Maturity Redemption Amount will depend on the performance of the Portfolio. Specifically, the Variable Return will be based on the increase, if any, in the Portfolio Value from the Settlement Date to the Final Calculation Date. The Portfolio is a notional account that will hold Units of the Fund. Holdings in the Portfolio will be leveraged through a notional revolving loan facility (the Loan ) that provides 200% exposure to Units of the Fund on a daily basis. The Loan will be reset daily to ensure that 200% exposure to Units of the Fund in the Portfolio is maintained throughout the term of the Notes. Accordingly, the notional number of Units in the Portfolio and the amount of the Loan that will be outstanding during the term of the Notes will increase or decrease on a daily basis depending on the performance of the Portfolio. All references to Units are to Class A units of the Fund that are generally available for purchase to all prospective investors. The value of a Unit at any time will be equal to the net asset value of a Class A unit of the Fund grossed-up by an amount which reflects the management expense ratio ( MER ) otherwise applicable to Class A units of the Fund that are notionally held in the Portfolio. Accordingly, the value of the Units at any time will be higher than the value of the Class A units of the Fund by an amount that reflects the MER applicable to Class A units of the Fund. However, the Calculation Agent will be paid the Portfolio Fee referred to below from the assets of the Portfolio. The Portfolio Fee is 0.61% greater than the Fund s MER for the 2006 fiscal year. All ordinary distributions and all other distributions (e.g., extraordinary and capital gains distributions) payable by the Fund will be re-invested in additional Units. The Portfolio is a notional portfolio only. A Holder will not have, and the Notes will not represent, any direct or indirect ownership or other interest in the Units in the Portfolio. Holders will not have any direct or indirect recourse to the Portfolio or to the Fund, and will only have a right against SG Canada to be paid the Maturity Redemption Amount at Maturity. All actions taken in connection with the Portfolio are notional actions only. 6

7 Loan: The holdings of Units will be leveraged through the Loan to provide 200% exposure to Units of the Fund. Initially, Units will be purchased using an amount equal to the offerings proceeds (namely, $ per Note), together with a draw down on the Loan of $ per Note, such that the total initial notional investment in Units is $ per Note. Fees: Ongoing Fees: The Loan will be reset on every Calculation Date to an amount equal to 100% of the Portfolio Value on the applicable Calculation Date. Accordingly, the amount of the Loan that will be outstanding during the term of the Notes will increase or decrease on a daily basis depending on the performance of the Portfolio. If the Portfolio Value increases, the amount of the Loan will be increased to facilitate the notional purchase of additional Units. Conversely, if the Portfolio Value decreases, Units will be redeemed to pay down the Loan to the applicable amount. Interest on the Loan will accrue daily at a rate ( Loan Rate ) equal to the one-month Bankers Acceptance Rate (being the average bid rate of interest for Canadian dollar bankers acceptances with a maturity of one-month appearing on the Reuters Data Service page CDOR as of 10:00 a.m., Toronto time) plus 0.25% per annum, calculated and payable daily. Payment of interest on the Loan will be satisfied by the notional redemption of Units. SG Canada has agreed to pay the members of the selling group for the sale of the Notes a commission of 4.00% of the aggregate Principal Amount of the Notes. The amount of such fees will not reduce the Portfolio Value. The following fees and expenses will be deducted from the Portfolio. These fees and expenses will therefore have the effect of reducing the Portfolio Value of the Portfolio and, therefore, the amount of the Variable Return that may be payable to Holders at Maturity: (a) Fund: A fee will be deducted in respect of Units of the Fund (the Portfolio Fee ) equal to 2.95% per annum, calculated and deducted daily through an adjustment to the Daily Fund Return. A portion of the Portfolio Fee will be payable to CI Investments Inc. in respect of any management expenses payable on the Fund. (b) Loan: Notional interest on the Loan will accrue daily at the Loan Rate, calculated and payable daily. In addition, it should be noted that a sale of Notes prior to the Maturity Date may be subject to an Early Trading Charge. See Secondary Market for the Notes. 7

8 Special Circumstances: Guarantee: Calculation Agent: Rank: Use of Proceeds: If a Market Disruption Event in respect of the Fund occurs on a Calculation Date, determination of the Portfolio Value will be postponed to the next Business Day, not to exceed the eighth Business Day following the postponed Calculation Date. If, following that eighth Business Day, the Calculation Date has not occurred, the Calculation Agent may estimate the Portfolio Value, taking into consideration the last available net asset value of the Fund, expenses accrued, the relevant market circumstances on the Calculation Date, and any other information that in good faith it deems relevant. In the event the Calculation Date with respect to the Final Portfolio Value is postponed due to a Market Disruption Event as set forth above, the originally scheduled Maturity Date of March 13, 2013 shall automatically be postponed to five Business Days following the new Calculation Date. The payment of all amounts under the Notes when and as they shall become due and payable will be irrevocably and unconditionally guaranteed by Société Générale (the "Guarantor"), a French banking corporation. The Guarantor is, at the date of this Information Statement, rated AA by Standard & Poor's Rating Service, a division of The McGraw-Hill Companies, Inc. and Aa1 by Moody's Investors Services, Inc. There can be no assurance that, if the Notes were specifically rated by rating agencies, they would have the same rating as long-term obligations of Société Générale. Credit ratings are intended to provide potential investors with an independent assessment of the credit quality of an issue or issuer of securities and do not speak to the suitability of particular securities for any particular investor. Standard & Poor's Rating Service s, a division of The McGraw-Hill Companies, Inc. and Moody's Investors Services, Inc. s ratings represent an evaluation that is based solely on credit related factors and not market risk factors. The credit ratings assigned to the Guarantor may not reflect the potential impact of all risks on the Guarantor. A rating is therefore not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the rating agency. Prospective investors should consult the relevant rating organization with respect to the interpretation and implications of the ratings. Either of the foregoing ratings may be revised or withdrawn at any time by the respective rating agency. See Guarantee. Société Générale. The Notes will constitute direct, unsecured deposit obligations of SG Canada. The Notes will be issued on an unsubordinated basis and will rank pari passu as among themselves and with all other outstanding direct unsecured and unsubordinated, present and future obligations (except as otherwise prescribed by law) of SG Canada, and will be payable ratably without any preference or priority. The Notes will not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act or any other deposit insurance regime. See "Description of the Notes - Rank". The net proceeds of this offering (after payment of the fees and expenses related to this offering and the commission payable to the members of the selling group) will be used by SG Canada for general banking purposes. 8

9 Risk Factors: Book-Entry System: Certain Canadian Tax Consequences: Eligibility for Investment: Secondary Market for the Notes: Prospective investors should carefully consider all of the information set forth in this Information Statement and, in particular, should evaluate the specific risk factors set forth under "Risk Factors" in which is set out a discussion of certain risks involved in an investment in the Notes. The Notes will be evidenced by a single nominative global certificate held by CDS, or on its behalf, as registered holder of the Notes. Registration of the interests in and transfers of the Notes will be made only through the Book-Entry System of CDS. Subject to limited exceptions, no Holder will be entitled to any certificate or other instrument from SG Canada or CDS evidencing the ownership thereof and no Holder will be shown on the records maintained by CDS except through a CDS Participant. See "Description of the Notes Book-Entry System". All payments on the Notes will be made to CDS or its nominee, as registered holder, for distribution by CDS to its participants accounts. All payments distributed to HSBC Trust Company (Canada), as a CDS Participant, will be credited to Holders in accordance with the register showing records of beneficial interest in the Notes maintained by SGS. Holders will have an indirect beneficial interest in the global certificate held by CDS. See "FundSERV". There should be no deemed accrual of interest in respect of any Variable Return for any taxation year of a Holder ending before the taxation year in which the Final Calculation Date occurs. Subject to the limitations outlined under "Certain Canadian Income Tax Considerations", below, an amount received by a Holder on a disposition or a deemed disposition of a Note (other than a payment by SG Canada) should give rise to a capital gain (or a capital loss) to such Holder at such time to the extent such amount exceeds (or is less than) the aggregate of such Holder's adjusted cost base of the Note and any reasonable costs of disposition. Holders should consult their own tax advisors with respect to their particular circumstances. See "Certain Canadian Income Tax Considerations". The Notes will, at the Settlement Date, be qualified investments under the Income Tax Act for trusts governed by registered retirement savings plans, registered retirement income funds, registered education savings plans, registered disability savings plans and deferred profit sharing plans, other than a deferred profit sharing plan under which SG Canada or a person or partnership with which SG Canada does not deal at arm's length within the meaning of the Income Tax Act is an employer. See "Eligibility for Investment". The Notes are new obligations for which there is currently no established trading market. SG Canada does not intend to apply for listing of the Notes on any exchange. Subject to certain conditions, SG (Canada Branch) intends to maintain, under normal market conditions, a daily secondary market for the Notes until the Maturity Date, but reserves the right, in its sole discretion, not to do so in the future without providing prior notice to the Holders. A Holder who sells a Note prior to the Maturity Date will receive sales proceeds equal to the Bid Price (as defined below) for the Note (which may be less than the Principal Amount of the Note) minus any applicable Early Trading Charge (as defined below). A sale of Notes originally purchased through a dealer on 9

10 FundSERV will be subject to certain additional procedures and limitations established by FundSERV. In order to maintain a secondary market for Notes, SG (Canada Branch) will effect the purchase of Notes as principal and may sell the Notes purchased from Holders for a price that may be the same as or higher than the Bid Price. In those circumstances, SG (Canada Branch) will retain the difference between the Bid Price and the resale price. See "FundSERV", "Plan of Distribution" and "Risk Factors Secondary Market for the Notes / Possible Illiquidity of Secondary Market". Holders choosing to sell their Notes prior to the Maturity Date may be unable to sell their Notes and, if a sale is possible, may receive a price which is substantially less than the Principal Amount and which does not necessarily reflect the performance of the Fund or the Portfolio at such date. See "Plan of Distribution" and "Risk Factors Secondary Market for the Notes / Possible Illiquidity of Secondary Market". An early trading charge (the "Early Trading Charge") will be deducted from a Holder's sales proceeds for sales effected through a dealer on FundSERV on or prior to March 13, The Early Trading Charge will be equal to a percentage of the Principal Amount and will be determined as follows: If Sold Early Trading Charge On or before September 13, % From September 14, 2008 through March 13, % From March 14, 2009 through September 13, % From September 14, 2009 through March 13, % Thereafter Nil See "Plan of Distribution". 10

11 DEFINITIONS In this information statement, unless the context otherwise requires: "Bid Price" has the meaning ascribed thereto under "FundSERV Sale through a dealer on FundSERV". "Book-Entry System" means the record entry securities transfer and pledge system established and governed by one or more agreements between CDS and CDS Participants pursuant to which the operating rules and procedures for such system are established and administered by CDS. "Business Day" means a day that is a day (other than a Saturday or a Sunday) on which commercial banks are open for business in Toronto, Canada, Montréal, Canada, New York, U.S.A., and Paris, France. "Calculation Agent" means Société Générale. "Calculation Date" means a day that is a Business Day, starting with the Initial Calculation Date and ending with the Final Calculation Date. The occurrence of a Calculation Date is subject to the provisions outlined under "Description of the Notes Special Circumstances". "CDS" means CDS Clearing and Depository Services Inc. or its nominee. "CDS Participant" means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Notes under the Book-Entry System. "CRA" has the meaning ascribed thereto under "Certain Canadian Income Tax Considerations". "Daily Fund Return" means, for any Calculation Date, a number (which may be positive or negative) equal to (i) 1 plus (ii) the percentage change in a notional $100 investment in Units of the Fund from the previous Calculation Date (or from the Settlement Date with respect to the Initial Calculation Date), as reasonably determined by the Calculation Agent. For purposes of calculating the Daily Fund Return, the percentage change in the net asset value of the Units of the Fund will be adjusted to reflect the Portfolio Fee deducted in respect of the gross performance of the Fund, calculated and deducted daily. "Early Trading Charge" means the amount that will be deducted from a Holder's sale proceeds for sales effected through a dealer on FundSERV on or prior to March 13, The Early Trading Charge will be equal to a percentage of the Principal Amount and will be determined as follows: If Sold Early Trading Charge On or before September 13, % From September 14, 2008 through March 13, 2009 From March 14, 2009 through September 13, 2009 From September 14, 2009 through March 13, 2010 Thereafter 4.25% 2.85% 1.40% Nil "Final Calculation Date" means three (3) Business Days prior to the Maturity Date. 11

12 "Final Portfolio Value" means the Portfolio Value as of the Final Calculation Date. "Financial Statements" has the meaning ascribed thereto under "SG Canada and Société Générale Société Générale". "Fund" means Signature Income & Growth Fund. "FundSERV" means the network to facilitate financial product order flow and payments operated by FundSERV Inc. "Group" has the meaning ascribed thereto under "SG Canada and Société Générale Société Générale". "Guarantee" means the unconditional and irrevocable guarantee by the Guarantor to the Holders of the payment in full of all amounts due under the Notes. "Guarantor" means Société Générale. "Holder" means a beneficial or registered owner of a Note, as the context requires. "Income Tax Act" has the meaning ascribed thereto under "Certain Canadian Income Tax Considerations". "Initial Calculation Date" means the first Business Day following the Settlement Date. "Loan Charge" means (i) 1 plus (ii) the Loan Rate multiplied by the actual number of days elapsed since the immediately preceding Calculation Date divided by 365. "Loan Rate" means, for any Calculation Date, a rate equal to the one-month Bankers Acceptance Rate (being the average bid rate of interest for Canadian dollar bankers acceptances with a maturity of onemonth appearing on the Reuters Data Service page CDOR as of 10:00 a.m., Toronto time) plus 0.25% per annum, as of that Calculation Date. "Market Disruption Event" has the meaning ascribed thereto under "Description of the Notes Market Disruption Event". "Maturity Date" or "Maturity" means March 13, 2013, or any later date resulting from the postponement of a Calculation Date due to a Market Disruption Event as set forth under "Description of the Notes Special Circumstances Market Disruption Event". Maturity Redemption Amount means the sum of the Principal Amount and the Variable Return. "Note" means the CI Protected Leverage Deposit Notes, Series 2, due March 13, "Portfolio Value" will be $100 per Note on the Settlement Date and, for every Calculation Date thereafter, means a percentage amount equal to: Previous Portfolio Value x (200% x Daily Fund Return 100% x Loan Charge) "Previous Portfolio Value" means, for any Calculation Date, the Portfolio Value determined by the Calculation Agent for the immediately preceding Calculation Date, provided that the Previous Portfolio Value cannot be less than $

13 "Principal Amount" means $100 per Note. "Regulations" has the meaning ascribed thereto under "Certain Canadian Income Tax Considerations". "Settlement Date" means on or about March 13, 2008, or such other date as may be determined by SG Canada, on which the Notes will be issued. "SG Canada" means Société Générale (Canada). "SG (Canada Branch)" means Société Générale (Canada Branch). "SGS" means Société Générale Securities Inc. "Tax Proposals" has the meaning ascribed thereto under "Certain Canadian Income Tax Considerations". "Variable Return" means the return per Note, if any, payable on the Maturity Date in addition to the Principal Amount, as described under "Description of the Notes Variable Return". The Variable Return shall equal the amount, if any, by which the Final Portfolio Value exceeds the Principal Amount. "$" means Canadian dollar, unless otherwise specified. 13

14 SG CANADA AND SOCIÉTÉ GÉNÉRALE SG Canada SG Canada, a wholly owned subsidiary of Société Générale, has had a presence in Canada since 1974, initially involved in leasing operations in Montréal. It subsequently evolved into a bank and was formed as a Schedule II bank under the Bank Act (Canada) in Its head office is located at 1501, McGill College Avenue, Suite 1800, Montréal, Québec, H3A 3M8. Société Générale Société Générale, a French banking corporation, is the most important constituent entity of the Société Générale Group (the "Group"). The Group is an international banking and financial services group based in France that includes approximately 300 French and foreign banking and non-banking companies. The Group also holds (for investment) minority interests in industrial and commercial companies. In this Information Statement, "Société Générale" refers to the parent company only and the term "Group" refers to Société Générale and its domestic and foreign subsidiaries and affiliates which are consolidated in full or under the equity method. Société Générale was originally incorporated in 1864 and was nationalized along with other major French commercial banks in In July 1987, Société Générale was returned to the private sector through offerings of shares in France and abroad. Société Générale and other French financial institutions of the Group are subject to laws and regulations which are applicable generally to financial institutions doing business in the relevant jurisdictions and which cover such matters as liquidity and asset coverage, reserve requirements, risk diversification and limitations on equity investments in non-financial companies, all of which require compliance with numerous reporting and accounting requirements. The Group is engaged in a broad range of banking and financial services activities, including deposit-taking, lending and leasing, securities brokerage services, investment management, investment banking, capital markets activities and foreign exchange transactions. The Group s customers are served by its extensive network of domestic and international branches, agencies and other offices. The Group operates in 77 countries around the world. The registered office of Société Générale is located at 29, boulevard Haussmann, Paris, France. Its headquarters are located at Tour Société Générale, 17 cours Valmy, Paris La Défense Cedex, France. The Group has had operations in the United States since Société Générale maintains banking offices in New York, Chicago, Los Angeles and Dallas. The Group also conducts business in the United States through a number of subsidiaries. At December 31, 2006, the Group had total consolidated assets of $1,472.6 billion, total customer loans of $405.6 billion, total customer deposits of $411.6 billion, and shareholders' equity of $44.8 billion (original amounts in Euro have been translated herein into Canadian dollars at the exchange rate of EUR 1 = $ at December 31, 2006). The foregoing financial figures have been derived from, and are qualified by reference to, the Group's consolidated financial statements and notes thereto (including the Notes containing a discussion of the significant accounting principles applied) (the "Financial Statements") that are contained in the Group's Registration Statement filed with the Autorité des Marchés Financiers (French Securities Regulator) on March 6,

15 The Financial Statements are prepared in accordance with International Financial Reporting Standards, which differ in certain significant respects from generally accepted accounting principles in Canada. Financial information of the Group is available on the web site CI INVESTMENTS INC. The manager and investment advisor of the Fund, CI Investments Inc. (the Investment Advisor ), is a corporation controlled by CI Financial Income Fund, a Canadian-owned wealth management company with approximately $95.0 billion in fee-earning assets as of November 30, CI Financial Income Fund is listed on the Toronto Stock Exchange under the symbol CIX.UN. CI Financial Income Fund offers a broad range of investment products and services, including an industry-leading selection of investment funds. The portfolio manager of the Fund is Eric Bushell. Eric Bushell, Senior Vice-President, Portfolio Management and Chief Investment Officer of Signature Advisors of CI Investments, has over 16 years of investment industry experience. Mr. Bushell began his career as an equity analyst and equity trader at BPI Mutual Funds before becoming a portfolio manager at the firm. He joined CI's Signature team in 1999 when BPI became part of CI Investments. He holds the CFA designation and a BA from Queen's University. THE FUND The Fund will be used to calculate the Maturity Redemption Amount payable on the Maturity Date. Information on the Fund All information in this Information Statement relating to the Fund is derived from publicly available sources and is presented in summary form. As such, neither SG Canada, SG (Canada Branch) nor SGS assumes any responsibility for the accuracy or completeness of such information or accept any responsibility for the calculation of the net asset value of the Fund or the provision of any future information in respect of the Fund. The current simplified prospectus of, and other information about, the Fund may be obtained at Information in this Information Statement is taken from the current simplified prospectus of the Fund, as amended to the date hereof, and from other publicly available sources. The daily net asset value of the Units of the Fund can be found at Information below about the past performance of the Fund is not, and should not be, construed as being indicative of the future performance of the Fund. Past performance is not a guarantee of future results. Investment Objective The Fund seeks to provide a steady flow of current income while preserving capital by investing in a diversified portfolio of securities composed mainly of equity, equity-related and fixed income securities of Canadian issuers. The Fund may also invest in foreign securities. Investment Strategy The Investment Advisor seeks to achieve the investment objective by investing in a combination of equity, fixed income and derivatives. To the extent the Fund invests in equity securities, these will include preferred and common shares broadly diversified by sector and style. Fixed income may consist of high-yielding government and corporate bonds, debentures, bank loans and floating rate debt instruments. This may include securities that are unrated or have credit rating below investment grade. 15

16 The term to maturity of these securities will vary depending on the Investment Advisor s outlook for interest rates. The Fund may also generate income by investing in real estate investment trusts ( REITs ), royalty trusts, income trusts, bank loans and floating rate debt instruments and other similar high yielding instruments. The Investment Advisor will seek to produce additional income through covered call writing and other derivative strategies. The Investment Advisor uses a combination of top down macro analysis and fundamental analysis for bottom-up security selection. When deciding to buy or sell an investment, the Investment Advisor also considers whether the investment is a good value relative to its current price. The Investment Advisor may also choose to invest the Fund s assets in foreign securities. It is currently expected that investments in foreign securities will generally be no more than 49% of the Fund s assets. The Investment Advisor may also choose to: use warrants and derivatives such as options, futures, forward contracts and swaps as permitted by securities regulations; enter into securities lending transactions, repurchase transactions and reverse repurchase transactions, to the extent permitted by the securities regulations, to earn additional income for the Fund; temporarily hold cash or cash-equivalent securities for strategic reasons; enter into securities lending transactions, repurchase transactions and reverse repurchase transactions, to the extent permitted by the securities regulations, to earn additional income for the Fund. The Fund may, from time to time, invest a portion of its assets in securities of other mutual funds. The Fund also may engage in short selling. In determining whether securities of a particular issuer should be sold short, the Investment Advisor uses the same analysis that is described above for deciding whether to purchase the securities. The Fund will engage in short selling as a complement to the Fund s current primary discipline of buying securities with the expectation that they will appreciate in market value. The Fund is permitted to engage in short selling as a result of special relief it obtained from the Canadian securities regulators. Distributions and Dividends The Fund expects to make a fixed distribution each month. If the Fund earns more income or capital gains than the fixed distributions, it will distribute the excess each December. If the Fund earns less than the amount distributed, the difference is a return of capital. As at November 30, 2007, the indicated distribution rate of the Fund was 6.52%. The indicated rates of return of the Fund are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The return on the Notes is linked to the total return of the Fund. As such, for the purposes of determining the Variable Return of the Notes, all distributions by the Fund on Units in the Portfolio will be considered to be reinvested in additional Units of the Fund for the Portfolio as if such distributions 16

17 were reinvested in additional Units of the Fund on the date on which such distributions would normally be received by a holder of Units of the Fund. No payments will be made to Holders during the term of the Notes reflecting distributions made by the Fund. Management Expense Ratio The Fund has certain expenses from time to time including management fees paid to the Investment Advisor, the manager of the Fund, for the management services provided by it. The ratio of these expenses to the net asset value of the Fund is called the MER. The Fund s MER for the 2006 fiscal year was 2.34%. The MER may increase or decrease over the term of the Notes. In order to ensure that there is no duplication of fees payable by Holders in the Notes, the value of a Unit in the Portfolio on any day will be equal to the net asset value per Unit of the Fund (as officially determined by the Investment Advisor as of the close of business on the previous Business Day) grossed-up by an amount which reflects the management expense ratio ( MER ) otherwise applicable to Units of the Fund that are notionally held in the Portfolio. Accordingly, the value of the Units at any time will be higher than the value of the Class A units of the Fund by an amount that reflects the MER applicable to Class A units of the Fund. However, the Calculation Agent will be paid the Portfolio Fee referred to below from the assets of the Portfolio. All ordinary distributions and all other distributions (e.g., extraordinary and capital gains distributions) payable by the Fund will be re-invested in additional Units. Portfolio Fee A Portfolio Fee of 2.95% per annum payable to SG Canada, calculated and deducted daily through an adjustment to the Daily Fund Return, will be charged daily against the Portfolio. The Portfolio Fee is 0.61% greater than the Fund s MER for the 2006 fiscal year. A portion of the Portfolio Fee will be paid by SG Canada to the CI Investments Inc. Composition of the Fund The table below shows the top 10 holdings of the Fund as at November 30, 2007: Holding % TD Bank 2.63% Royal Bank of Canada 2.21% Bank of Nova Scotia 1.57% Suncor Energy 1.51% CIBC 1.43% BNP Paribas 1.27% EnCana Corp. 1.27% Petro-Canada 1.04% Talisman Energy 1.04% Barrick Gold Corp. 0.88% 17

18 The charts below show the composition of the Fund by asset class, equity sector and geographic region as at November 30, By Asset Class: By Equity Sector: By Geographic Region: 18

19 Historical Performance of the Fund Information below about the past performance of the Fund is not, and should not be construed as, indicative of the future performance of the Fund. Past performance is not a guarantee of future results. The table below shows the performance of the Units of the Fund as at November 30, 2007 measured over various periods. The performance is based on the total return of the Fund, on the basis that all distributions by the Fund were reinvested in additional Units of the Fund. Year To Date 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year Since Inception 1.68% -1.60% -0.55% 3.26% 10.28% 11.70% N/A 9.02% The table below shows the calendar year performance of the Units of the Fund since its inception. The performance is based on the total return of the Fund, on the basis that all distributions by the Fund were reinvested in additional Units of the Fund % -2.4% 15.6% 13.3% 14.7% 12.7% The graph below shows the growth of an initial investment of $10,000 in Units of the Fund from its inception on November 13, 2000 to November 30, An initial investment of $10,000 in the Units of the Fund would have grown to a value of $18,381 on November 30, This assumes that all distributions by the Fund were reinvested in additional Units of the Fund. Signature Income & Growth Fund 19

20 DESCRIPTION OF THE NOTES The following is a description of the material attributes and characteristics of the Notes. Reference is made to the global certificate referred to below for the full statement of such attributes and characteristics. General; Evidence of the Notes This offering consists of Notes, with a Principal Amount of $100 per Note, which will be issued by SG Canada on the Settlement Date. A minimum subscription of $5,000 (50 Notes) is required to invest in the Notes. This offering of Notes is subject to a maximum issue size of $100,000,000, however, such maximum issue size may be waived by SG Canada in its entire discretion. The Notes will mature on March 13, 2013, or any later date resulting from the postponement of the Calculation Date due to a Market Disruption Event. See "Special Circumstances Market Disruption Event". A global certificate (the "Global Certificate") for the aggregate Principal Amount of the Notes will be issued in registered form to CDS. Subject to limited exceptions, certificates evidencing the Notes will not be available to Holders under any circumstances and registration of ownership of the Notes will be made only through the Book-Entry System. See "Book-Entry System". Maturity Redemption Amount On the Maturity Date, a Holder will receive, in respect of each Note held by such Holder as at the Maturity Date, a return equal to the Maturity Redemption Amount. The Maturity Redemption Amount is equal to the sum of the Principal Amount and the Variable Return, if any. The Maturity Redemption Amount is dependent on the value of the Final Portfolio Value: i. if the Final Portfolio Value is equal to or below $100, then the Maturity Redemption Amount per Note will be equal to the Principal Amount. ii. if the Final Portfolio Value is above $100, then the Maturity Redemption Amount per Note will be equal to the Final Portfolio Value. The Variable Return, if any, will be payable in Canadian dollars, without any need for the Holders to elect or otherwise take any action. The Variable Return, if any, will be payable on the Maturity Date. In no event will payment of any Variable Return be made by SG Canada earlier than the Maturity Date. The amount of the Variable Return, if any, that may be payable on the Maturity Date is uncertain until the Final Calculation Date. There is a possibility that a Holder may not receive any Variable Return. The amount of the Variable Return will depend upon the performance of the Portfolio. No Variable Return will be payable to a Holder unless the Final Portfolio Value is greater than $100 per Note. Final Portfolio Value The Final Portfolio Value means the Portfolio Value determined on the Final Calculation Date. The Portfolio Value will be $100 per Note on the Settlement Date and, for any Calculation Date thereafter, shall equal a number equal to: Previous Portfolio Value x (200% x Daily Fund Return 100% x Loan Charge) 20

21 Leverage and Daily Rebalancing It is important to understand the effects of leverage and compounding when investing in any financial product, especially financial products such as the Notes that employ daily rebalanced leverage. The following examples provide an illustration as to how the return of a financial product that provides leverage which rebalances periodically (i.e., daily, weekly or monthly; such as the Notes), can vary from the return of a financial product that provides leverage by way of a loan with a fixed amount. Example #1: Effect of positive Fund performance. In this hypothetical illustration, the Units of the Fund (assuming re-investment of all distributions) generally increase in value from the Issue Date. Leveraged, Rebalanced Daily (e.g., CI Protected Leverage Deposit Notes): Calculation Date Days Fund ($100) Notional Portfolio Value* ($100) Daily Fund Return Loan Charge Portfolio Value March 13, 2008 $ $ $ March 14, $ $ $ March 17, $ $ $ March 18, $ $ $ March 19, $ $ $ March 20, $ $ $ March 21, $ $ $ March 24, $ $ $ March 25, $ $ $ March 26, $ $ $ March 27, $ $ $ March 28, $ $ $ March 31, $ $ $ April 1, $ $ $ April 2, $ $ $ April 3, $ $ $ April 4, $ $ $ April 7, $ $ $ April 8, $ $ $ April 9, $ $ $ April 10, $ $ $ Leverage, Not Rebalanced Daily (e.g., traditional margin loan): Notional Portfolio Value* ($100) Portfolio Return x 200% Interest Calculation Date Days Fund ($100) Portfolio Return Portfolio Value March 13, 2008 $ $ $ April 10, $ $ % 4.78% $0.39 $ * Notional Portfolio Value represents the value of a notional $100 investment in Units of the Fund after deduction of the Portfolio Fee. 21