CONTENTS REPORT OF THE BOARD OF DIRECTORS 3

CONTENTS REPORT OF THE BOARD OF DIRECTORS 3 INTERIM FINANCIAL STATEMENT INCOME STATEMENT 5 ASSETS 6 LIABILITIES & EQUITY 6 STATEMENT OF CHANGES IN EQUITY 7 CASH FLOW STATEMENT 8 NOTES 1. ACCOUNTING PRINCIPLES 9 2. IMPORTANT ACCOUNTING ESTIMATES AND DISCRETIONARY EVALUATION 10 3. NET INTEREST INCOME 10 4. NET FEES AND INCOME ON OTHER ACTIVITY 10 5. NET GAINS ON FINANCIAL INSTRUMENTS AT FAIR VALUE 10 6. OPERATING EXPENSES 11 7. LOSSES AND ALLOWANCES RECOGNISED IN THE PROFIT AND LOSS ACCOUNTS 11 8. LEASING (FINANCIAL LEASING ASSETS) 11 9. RISK CLASSIFICATION 12 10. DOUBTFUL LOANS 12 11. INCOME TAX 12 12. INFORMATION ON RELATED PARTIES 13 13. EMPLOYEE BENEFITS 13 14. CAPITAL ADEQUACY 13 15. METHOD FOR CALCULATION OF FAIR VALUE OF FINANCIAL INSTRUMENTS 15 16. OFFSETTING 15 17. CONTINGENCIES 16 18. ASSETS PLEDGED AND RECEIVED AS SECURITY 16 19. EVENTS AFTER THE REPORTING PERIOD 16 ADDRESSES 17

Report of the Board of Directors as of June 30 th, 2016 In the first six months of 2016, SG Finans has: - new financing of MNOK 7 057 (MNOK 5 732 for the same period in 2015), an increase of 23 %. - net banking income of MNOK 647 (MNOK 687). - total loan losses of MNOK 30,0 / 0,20 % of average funded assets (MNOK 33,2 / 0,24 %). - total assets of MNOK 36 983 (MNOK 33 924). - capital adequacy ratio of 14,7 % (14,5 %) for tier 1 capital and 19,0 % (19,1 %) for total capital. Business activities In the first six months of 2016 SG Finans has established new financing in Scandinavia of MNOK 7 057 compared to MNOK 5 732 for the same period in 2015. This is an increase of 23,1 %. Margins for new financing are lower compared to 2015. The market share within Equipment finance in Norway is 25% at June 30 th, which is down from 27% at year-end 2015. SG Finans increases the market share within financing of Industrial Equipment while the market share drops for financing of High-tech equipment and transportation. SG Finans remains the market leader in equipment finance in Norway. Within Factoring, SG Finans is market leader in Norway with a market share of 40 %. We see growth in the equipment finance market both in Sweden and Denmark, with particularly strong growth in new financing in the Danish market. The margins are under pressure also in these markets. In June 2016, SG Finans signed a loan agreement of MEUR 150 with the European Investment Bank. The loan is the second agreement between SG Finans and the European Investment Bank, and the purpose of the loan is to facilitate financing for SME s in Denmark, Norway and Sweden. Total assets are at June 30 th MNOK 36 983,2 which is 9,0 % higher than MNOK 33 924,0 in the same period in 2015. 363 people were employed in SG Finans at the end of the second quarter. Since year end 2015 the number of employees has increased by one. Results SG Finans has Net Banking income of MNOK 646,6 in the first six months of 2016 compared to MNOK 686,6 in the same period in 2015. The main reason for the decrease in Net Banking Income is that SG Finans had large sales gains in the first quarter of 2015. Operating expenses amount to MNOK 291,4 in the period ending June 30 th 2016, compared to MNOK 286,7 in the same period in 2015. The increase in operating expenses is mainly due to an increase in staff cost. Total loan losses year to date amount to MNOK 30,0. This represents 0,20 % of average funded assets. Total loan losses for the same period in 2015 were MNOK 33,2 and 0,24 % of average funded assets. 3

Reduced Net Banking Income, particularly from lower sales gains, and higher payroll expenses contribute to the MNOK 41,5 decrease in operating profit from MNOK 366,7 in the first six months of last year to 325,2 in the first six months of 2016. Net result after tax of SG Finans AS from January 1 st to June 30 th, 2016 amounted to MNOK 241,0 compared to MNOK 267,0 in the same period for 2015. Risk management and Capital adequacy The Board considers that the entity has a satisfactory capital situation and access to funding from its parent company. The regulatory capital as of 30 th of June is MNOK 4 932,5. The regulatory capital consists of MNOK 3 971,6 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 June was MNOK 26 026,4. The capital adequacy at end of June 2016 was for tier 1 capital 14,7 % and the total capital adequacy was 19,0 %. 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, August 15 th, 2016 Marie-Christine Ducholet Chairman Ellen Altenborg Tommy Pedersen Jacques Bensen Torbjørn Nilsen Philippe Dairien Carsten Thorne Managing Director 4

INCOME STATEMENT Amounts in NOK thousand Notes Q2 2016 Q2 2015 YTD 2016 YTD 2015 2015 Total interest income 3,12 360 612 371 470 712 667 738 541 1 465 788 Total interest expenses 3,12-96 230-119 969-198 896-245 092-468 667 Net interest income 264 382 251 501 513 771 493 449 997 120 Commission and fees income 4 65 008 59 016 148 849 136 901 288 416 Commission and fees expenses 4-31 624-26 696-85 452-71 423-159 430 Net commission and fee income 33 384 32 320 63 397 65 478 128 987 Net gains/losses on financial instruments at fair value 5 74 995 606 3 227 2 530 Net change in value and gains on foreign currency -480-668 -1 367-710 1 414 Total income on other activity 4 34 198 31 788 70 205 125 120 192 858 Net banking income 331 558 315 937 646 612 686 565 1 322 910 Total payroll, fees and other staff costs 6-89 914-83 724-183 075-169 192-357 811 Total other operating expenses 6-52 158-60 558-108 357-117 484-236 014 Gross operating proft 189 486 171 655 355 180 399 889 729 085 Losses on loans 7-14 782-20 239-30 026-33 220-72 711 Operating profit 174 704 151 415 325 155 366 669 656 374 Taxes 11-43 987-43 327-84 142-99 625-77 417 Profit for the period 130 716 108 089 241 013 267 044 578 957 Other comprehensive income Items that could be reclassified Exchange differences on translation of foreign operations -526 1 486-633 994 3 590 Taxes 132-401 158-268 -969 Items that cannot be reclassified Actuarial gains and losses 13 0 0 0 0-6 731 Taxes 0 0 0 0 1 683 Other comprehensive income for the period 130 322 109 174 240 538 267 770 576 530 Attributable to: Equity holder of the parent 130 322 109 174 240 538 267 770 576 530 Total comprehensive income of the period 130 322 109 174 240 538 267 770 576 530 5

STATEMENT OF FINANCIAL POSITION Amounts in NOK thousand Notes 30.06.2016 30.06.2015 31.12.2015 Assets Cash and deposits with central banks 19 19 18 Deposits with financial institutions 328 343 331 949 351 332 Loans to financial institutions 12 4 014 280 3 447 069 3 464 834 Financial derivatives 15,16 472 986 732 469 749 971 Loans to customers Repayment loans 3 477 530 2 996 385 3 328 696 Factoring receivables 229 290 216 739 229 515 Factoring loans 2 362 261 2 224 967 1 892 222 Financial lease agreements 8,15 26 104 718 23 770 532 25 077 738 Total loans before allowances 32 173 798 29 208 623 30 528 171 Allowances on doubtful loans 7,10-367 768-318 594-355 444 Net loans to customers 9 31 806 030 28 890 029 30 172 726 Repossessed assets 18 628 26 681 18 149 Shares and primary capital certificates 160 100 100 Deferred tax asset 11 152 198 275 447 233 147 Other intangible assets 1 411 2 087 1 563 Machinery, tools and equipment, means of transport 21 070 21 162 22 662 Other assets 139 327 161 914 158 051 Prepayments and accrued income 28 787 35 039 29 318 Total assets 36 983 239 33 923 966 35 201 871 Amounts in NOK thousand Notes 30.06.2016 30.06.2015 31.12.2015 Liabilities Loans and deposits from financial institutions with agreed maturity 12 30 290 877 27 317 076 28 420 402 Deposits from and debt to customers with termination rights 89 361 160 788 223 132 Financial derivatives 15,16 159 160 220 563 159 002 Retention of margin and other customer accounts 45 848 32 620 45 734 Other liabilities 12 925 400 1 017 022 860 313 Accruals and deferred income 103 810 178 123 206 867 Pension liabilites 56 617 46 515 54 793 Current tax liability 11 0 28 392 0 Subordinated debt 12 1 100 000 1 100 000 1 100 000 Total Liabilities 32 771 073 30 101 097 31 070 244 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 3 026 091 2 636 794 2 945 553 Total equity 4 212 166 3 822 869 4 131 628 Total liabilities and equity 36 983 239 33 923 966 35 201 871 Lysaker, August 15th, 2016 6

STATEMENT OF CHANGES IN EQUITY Amounts in NOK thousand Share capital Share premium Retained earnings Translation differences Actuarial gains and losses Total Equity 01.01.15 945 436 240 639 2 825 739-2 161-4 498 4 005 155 Profit for the period 267 044 267 044 Other comprehensive income 726 726 Dividends -450 056-450 056 Total equity 30.06.15 945 436 240 639 2 642 727-1 435-4 498 3 822 869 Equity 01.01.16 945 436 240 639 2 955 402 460-10 309 4 131 628 Profit for the period 241 013 241 013 Other comprehensive income -475-475 Dividends -160 000-160 000 Total equity 30.06.16 945 436 240 639 3 036 415-15 -10 309 4 212 166 7

CASH FLOW STATEMENT Amounts in NOK thousand YTD 2016 YTD 2015 Operations Interest income 699 755 707 618 Interest costs -198 896-245 092 Other receipts 231 923 284 202 Operating expenses -361 041-420 582 Receipts on previous losses 11 885 11 666 Paid taxes 0-55 685 Net cash flow from operations 383 626 282 126 New investments leasing -6 547 106-5 499 007 Proceeds from sale of leasing 1 172 942 1 398 475 Decrease in loans ( net ) 3 153 846 3 502 857 Decrease ( increase ) in other receivables 99 800 15 428 Decrease ( increase ) in advance payments 531 1 681 Net cash flow from current financial activity -2 119 987-580 567 Decrease ( increase) in tangible assets -9 166-10 086 Shares and primary capital certificates -60 0 Net cash flow from investment activity -9 226-10 086 Increase (decrease) in deposits from customers -133 657-70 826 Payment of dividends -160 000-450 056 Increase (decrease) in loans from credit institutions 2 147 617 873 829 Increase (decrease) in debt -17 230-274 330 Increase (decrease) accrued costs -112 289 111 732 Currency exchange without cash effect -1 842 15 Net cash flow from long term financial activity 1 722 600 190 364 Net cash flow -22 988-118 162 Cash at the 1st of January 351 350 450 130 Cash at end of period 328 363 331 968 Reconciliation cash at end of period Cash and deposits with central banks 19 19 Deposits with financial institutions 328 343 331 949 Cash at end of period 328 363 331 968 8

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, 6 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 June 30th 2016 were authorised for issue by the Board of directors on August 15th, 2016. 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 6 month period ending June 30th, 2016 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 2015. IFRS, IFRIC interpretation and amendments applied by SG Finans AS as at January 1st, 2016 Adoption date by the European Union Effective date Accounting standards, amendments or interpretation Ammendments to IAS 1: Disclosure initiative 18.12.2015 01.01.2016 Annual Improvements to IFRSs 2012 2014 Cycle 15.12.2015 01.01.2016 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 June 30, 2016. These accounting standards and interpretations are required to be applied from annual periods beginning on January 1, 2016 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 June 2016. Accounting standards, Amendments or interpretation adopted by the European Union on June 30, 2016 No new adoption by EU on June 30, 2016. Accounting standards, amendments or interpretations not yet adopted by the European Union on June 30, 2016 Adoption date by the IASB Effective date Accounting standards, amendments or interpretations IFRS 9 Financial Instruments 24.07.2014 01.01.2018 IFRS 15 Revenue from Contracts with Customers 28.05.2014 01.01.2018 Clarifications to IFRS 15 Revenue from Contracts with Customers 12.04.2016 01.01.2018 IFRS 16 Leases 13.01.2016 01.01.2019 Ammendments to IAS 7: disclosure initiative 29.01.2016 01.01.2017 Ammendments to IAS 12: recognition of Deferred Tax Assets for Unrealised losses 29.01.2016 01.01.2017 SG Finans consider possible effects on the financial statements of changes in existing standards and future standards as not material. Regarding IFRS 9 SG Finans has not yet considered possible effects on the financial statement as the standard is not yet adopted by EU. 9

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 Q2 2016 Q2 2015 YTD 2016 YTD 2015 Interest income from financial institutions, valued at amortised cost 31 078 32 722 62 059 65 715 Interest income from customers financial leases and loans, valued at amortised cost 329 054 338 748 650 128 672 826 Other interest income 480 0 480 0 Total interest income 360 612 371 470 712 667 738 541 Interest expenses to financial institutions, valued at amortised cost -84 010-105 255-173 318-215 131 Interest expenses on deposits and debt to customers, valued at amortised cost -360-766 -978-1 526 Interest expenses on subordinated debt -11 601-12 917-23 761-25 705 Other interest expenses -259-1 031-839 -2 731 Total interest expenses -96 230-119 969-198 896-245 092 Net interest income 264 382 251 501 513 771 493 449 4. NET FEES AND INCOME ON OTHER ACTIVITY Amounts in NOK thousand Q2 2016 Q2 2015 YTD 2016 YTD 2015 Commission and fees income from loans and similar to customers 65 008 59 016 148 849 136 901 Commission and fees income 65 008 59 016 148 849 136 901 Commission and fees expenses from loans and similar to customers -31 093-26 270-84 194-70 566 Other commission and fees expenses -532-426 -1 258-857 Commission and fees expenses -31 624-26 696-85 452-71 423 Net commission and fees income 33 384 32 320 63 397 65 478 Sales gains 23 319 22 237 48 979 104 826 Income from extension of leasing contracts 10 579 9 350 20 662 19 858 Other income 300 201 564 436 Total income other activity 34 198 31 788 70 205 125 120 5. NET GAINS ON FINANCIAL INSTRUMENTS AT FAIR VALUE Amounts in NOK thousand Q2 2016 Q2 2015 YTD 2016 YTD 2015 Net gains/losses on financial derivatives, trading 650 869 828 1 580 Change in fair value on financial derivatives, hedging 1 310 23 910-8 178 31 243 Change in fair value on hedged fixed interest contracts -1 886-23 783 7 956-29 595 Net gains/losses on financial instruments at fair value through P&L 74 995 606 3 227 10

6. OPERATING EXPENSES Amounts in NOK thousand Q2 2016 Q2 2015 YTD 2016 YTD 2015 Payroll -61 822-59 253-126 745-119 099 Pensions -8 497-7 770-16 802-15 206 Social security costs -8 875-8 631-20 002-18 853 Other staff cost -10 720-8 069-19 527-16 033 Total payroll, fees and other staff costs -89 914-83 724-183 075-169 192 Rent and other office costs -11 589-12 368-23 273-21 048 Fees and temporary staff -18 323-16 941-32 167-35 369 Travel and marketing -5 898-6 915-12 419-14 496 Other operating costs -4 478-5 688-8 436-9 644 Intragroup services -10 246-17 027-28 819-33 952 Depreciation and gain/loss -1 624-1 620-3 243-2 974 Total other operating expenses -52 158-60 558-108 357-117 484 Total operating expenses -142 072-144 282-291 432-286 675 7. LOSSES AND ALLOWANCES RECOGNISED IN THE PROFIT AND LOSS ACCOUNTS Amounts in NOK thousand Q2 2016 Q2 2015 YTD 2016 YTD 2015 Allowances on doubtful loans Allowances on doubtful loans as of 01.01 355 444 306 048 - Exchange rate adjustments (opening balance) 3 586 1 636 - Actual losses that are covered by previous allowances 28 761 15 327 - Reclassification of previous allowances 76 477 60 809 + Allowances on doubtful loans in the period 121 148 90 318 = Allowances on doubtful loans at end of period 367 768 318 594 Losses on loans Write-downs for loan losses at end of period 367 768 318 594 367 768 318 594 + Exchange rate adjustments (opening balance) 724 479 3 765 1 408 - Write-downs for loan losses as at 01.01 355 444 306 048 355 444 306 048 + Total actual losses 15 759 14 996 41 290 43 040 - Income on actual losses 14 025 7 782 27 353 23 774 = Losses on loans 14 782 20 239 30 026 33 220 8. LEASING (FINANCIAL LEASING ASSETS) Amounts in NOK thousand 30.06.2016 30.06.2015 Purchase cost 01.01 47 032 418 44 761 334 Exchange rate difference (opening balance) -510 743-130 796 Inflow during the year 6 547 106 5 504 970 Outflow during the year -4 834 140-5 162 388 Purchase costs at end of period 48 234 640 44 973 119 Accumulated ordinary depreciation 01.01 20 053 500 19 642 838 Exchange rate difference 01.01-192 711-50 886 Ordinary depreciation during the year 4 140 708 3 859 424 Reversed depreciation sold assets -3 733 529-3 958 197 Accumulated depreciation at end of period 20 267 968 19 493 179 Book value leasing assets at end of period 27 966 672 25 479 939 Customer receivables -1 984 896-1 810 338 Other accruals 122 941 100 931 Book value in the balance sheet at end of period 26 104 718 23 770 532 11

Customer receivables are ordinary leasing receivables and advancement on leasing rent. Up front fees constitute other accruals. Overview of future minimum finance lease rental: 30.06.2016 30.06.2015 Within 1 year 6 728 105 6 198 744 1 to 5 years 21 305 665 19 629 357 Future minimum finance lease rental 28 033 770 25 828 101 Average interest 3,72 % 4,30 % Present value of minimum lease payments 25 660 153 23 378 197 Unearned finance income 2 068 887 2 180 295 9. RISK CLASSIFICATION Amounts in NOK thousand 30.06.2016 30.06.2016 Whereof Days outstanding status Net loans to customers past due, non-doubtful Not past due 30 219 399 1-29 1 193 501 1 120 502 30-59 111 471 99 277 60-89 188 951 125 143 90-179 67 272 10 167 > 180 25 256 103 > 1 year 181 82 Total 31 806 030 1 355 272 Amounts in NOK thousand 30.06.2015 30.06.2015 Whereof Days outstanding status Net loans to customers past due, non-doubtful Not past due 27 497 887 1-29 1 049 623 1 011 020 30-59 76 373 70 468 60-89 166 104 108 367 90-179 85 179 35 152 > 180 13 451 6 849 > 1 year 1 412 1 252 Total 28 890 029 1 233 107 Credit exposure: Amounts in NOK thousand 30.06.2016 30.06.2015 Net loans to customers 31 806 030 28 890 029 Positive market value derivatives 472 986 732 469 Guarantee liabilities and loan commitments 985 034 693 796 Total credit exposure 33 264 050 30 316 295 10. DOUBTFUL LOANS Amounts in NOK thousand 30.06.2016 30.06.2015 Gross doubtful loans 850 197 852 590 - Write-downs on impaired assets -367 768-318 594 Net doubtful loans 482 429 533 996 11. INCOME TAX The company calculates the tax payable based on an estimated effective tax rate. For 2015 the effective tax rate was 11,8 % at year end and the expected effective tax rate for 2015 was 27 %. For 2016 this is expected to be 25,9 %. 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 50 % for the period ending 30 June 2016. The main contributer to the fluctuation in effective tax rate is exchange rate effects from the portfolio. Amounts in NOK thousand Q2 2016 Q2 2015 YTD 2016 YTD 2015 Current income tax expense 0 14 791 2 228 42 170 Gross deferred tax expense 43 987 28 536 81 914 57 455 Income tax expense for the period 43 987 43 327 84 142 99 625 12

12. INFORMATION ON RELATED PARTIES Amounts in NOK thousand 30.06.2016 30.06.2015 Assets/interest income Loans to Group companies 4 014 280 3 447 069 Interest income 59 701 63 060 Liability/interest expense Loans from Group companies 26 850 544 23 917 402 Other liabilities 7 895 33 952 Interest expense 124 896 136 083 Subordinated debt 1 100 000 1 100 000 Interest expense on subordinated debt 23 761 25 705 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 June 2016, 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 6 month period ending 30 June 2016. At year end 2015 the actuarial gains and losses recognised in other comprehensive income was MNOK 6 731, giving a negative effect on the equity of MNOK 5 048. 14. CAPITAL ADEQUACY Amounts in NOK thousand 30.06.2016 30.06.2015 Common Equity Tier 1 capital Share capital 945 436 945 436 Share premium account 240 639 240 639 Other equity including profit for the year 2 785 553 2 369 024 Independently reviewed interim profits net of any foreseeable charge and dividend 0 0 Common Equity Tier 1 capital before regulatory adjustment 3 971 628 3 555 099 Common equity Tier 1 capital: Regulatory adjustment Deferred tax assets 0 0 Intangible assets (net of related tax liability) -1 058-1 524 Negative amounts resulting from the calculation of expected loss -138 095-131 463 Total regulatory adjustments to Common Equity Tier 1-139 153-132 987 Common Equity Tier 1 capital 3 832 475 3 422 112 Tier 1 capital 3 832 475 3 422 112 Subordinated debt 1 100 000 1 100 000 Tier 2 capital 1 100 000 1 100 000 Total capital 4 932 475 4 522 112 Amount below the thresholds for deductions Deferred tax assets arising from temporary differences 152 198 275 447 Standardised method Local and regional authorities (including muncipalities) 220 219 204 914 Institutions 876 028 758 451 Corporate 6 949 541 6 581 426 Engagements in default 98 116 118 091 Total Credit risk, standardised method 8 143 904 7 662 881 IRB method Corporate - small and medium sized businesses 10 513 148 9 402 715 Corporate - other 4 611 392 4 357 155 Total Credit risk, IRB method 15 124 540 13 759 870 13

Credit risk 23 268 444 21 422 751 Operational risk, basic indicator approach 2 348 261 2 152 139 Additional requirement according to Basel II floor 409 739 42 398 Total risk weighted assets 26 026 445 23 617 289 Capital ratios Common Equity Tier 1 14,7 % 14,5 % Tier 1 14,7 % 14,5 % Total capital 19,0 % 19,1 % 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 6,5 % 6,5 % of which: capital conservation buffer 2,5 % 2,5 % of which: countercyclical buffer 1,0 % 1,0 % 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 11,0 % 11,0 % Tier 1 12,5 % 12,5 % Total capital 14,5 % 14,5 % Capital ratios, nominal amounts Common Equity Tier 1 minimum capital requirements and capital buffers 969 566 824 210 Tier 1 capital above minimum capital requirements and capital buffers 579 169 469 951 Total capital above minimum capital requirements and capital buffers 1 158 640 1 097 605 Pilar 2 - Internal capital adequacy assesment Potential impact of stress test 244 600 241 100 Capital buffer after Pilar II deduction Common Equity Tier 1 724 966 583 110 Tier 1 334 569 228 851 Total capital 914 040 856 505 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. Capital ratios excluding Basel II-floor requirements would have been 14,96 % for Tier 1 capital and 19,25 % for Total Capital (30.6.15: 14,52 % for Tier 1 and 19,18 % for Total Capital). 14

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 30.06.2016 Level 1 Level 2 Financial derivatives 0 472 986 Financial lease agreements 0 2 939 767 Total assets 0 3 412 753 Amounts in NOK thousand Financial liabilities 30.06.2016 Level 1 Level 2 Financial derivatives 0 159 160 Total liabilities 0 159 160 Amounts in NOK thousand Financial assets 30.06.2015 Level 1 Level 2 Financial derivatives 0 732 469 Financial lease agreements 0 2 351 643 Total assets 0 3 084 112 Amounts in NOK thousand Financial liabilities 30.06.2015 Level 1 Level 2 Financial derivatives 0 220 563 Total liabilities 0 220 563 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 30.06.2016 30.06.2015 Financial derivatives -assets Gross amount 472 986 732 469 Amounts that are offset 0 0 Net amount in financial position 472 986 732 469 Financial instruments on balance sheet -159 160-220 563 Cash collateral in the balance sheet -174 240-383 440 Net position 139 586 128 466 Amounts in NOK thousand 30.06.2016 30.06.2015 Financial derivatives -liabilities Gross amount 159 160 220 563 Amounts that are offset 0 0 Net amount in financial position 159 160 220 563 Financial instruments on balance sheet -159 160-220 563 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. 15

17. CONTINGENCIES SG Finans AS had no major legal disputes pending at the end of the reporting period. 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 335 in our transport portfolio. 19. EVENTS AFTER THE REPORTING PERIOD The company is at the date of issue,15 August 2016, not familiar with matters that are likely to change the assessment of the financial position as at 30 June 2016. 16

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 22 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 30 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 - SKELLEFTEÅ - STOCKHOLM - SUNDSVALL OFFICES IN DENMARK COPENHAGEN - VEJLE