1. Budapest, 6 April 2009
Introduction to Groupama Garancia Biztosító: a new insurer with a solid foundation

2. The key players Jean-François Lemoux Erik Nagy Yann Ménétrier
Budapest, 6 April 2009
Jean-François Lemoux Erik Nagy Yann Ménétrier
General Manager Director of Groupama CEO of Groupama
International CEE Operations Garancia Biztosito
Igen, szerintem mindenképpen kellenek fotók.

3. Groupama: a major operator in insurance and financial services
Budapest, 6 April 2009
Groupama: a major operator in insurance and financial services

4. A significant participant in the insurance sector4
A significant participant in the insurance sector
Budapest, 6 April 2009
A mutual insurance, banking and financial services group originating in the agriculture segment
Steady international growth
16 million customers and over 38,000 employees
1900 Law authorising the creation of agricultural mutual insurance funds in France
1963 Coverage of all property risks
1972 Launch of life insurance
1986 Creation of the Groupama brand
1998 Acquisition of Gan, the 4th largest French insurer 4 4

5. A unique model and an ambitious strategy
Budapest, 6 April 2009
Leader among mutual insurers in France
Offering a full line of insurance products through several distribution networks
A major market player with about 16 million clients around the world
Having an ambitious strategy for international development and growth
Yielding strong operational performance
A unique economic model
An ambitious strategy
A complete range of insurance, a strong position in non-life
A strong brand, present in 14 countries
Ranked among the
Top 10
European insurers
A multi network
distribution
A unique capacity to meet customer needs
business A =
on mass
A diversified portfolio of loyal clients
Multi-channel distribution
A multi network
distribution 5 5

6. Groupama Assicurazioni
A group that covers all business lines, clients and distribution channels
Budapest, 6 April 2009
INSURANCE SERVICES
FINANCE
INTERNATIONAL
Portugal
Groupama Seguros
Gan
Insurance
Mutuaide
Assistance
Banque Finama
Spain
Groupama Seguros
Groupama Life
Groupama
Gan
Eurocourtage
FMB
Vietnam
Groupama
Asset
Management
Groupama
Italy
Groupama Assicurazioni
Nuova Tirrena
Credit
Insurance
Groupama
China
Real Estate
Gan Wealth
Fourmi Verte
Finama
Private
Gan Hong Kong
Groupama
Equity
Legal
China
Protection
Great Britain
Groupama
Gan
Provident
Chengdu Branch
Présence verte
Groupama
Banque
Groupama
Insurances
Groupama
Turkey
Transport
Hungary
Basak Groupama
Télésurveillance
Groupama
Günes Sigorta
Groupama
Biztosito
(36%)
Employee
OTP Garancia
Savings
Gan Outre-mer
CapsAuto
Romania
Bulgaria
BT Asigurari
Asiban
OTP Garancia
OTP Garancia
Slovakia
C.E.S.V.I.
Groupama
Greece
Poistovna
Groupama
Phoenix
Centres
Centaure 6 6

7. Combined revenue (bn euros) Operating profit (m euros)
A strategy of sustainable and profitable growth
Budapest, 6 April 2009
Scope of group
Accelerated growth
– change in revenues
including 3.9 bn euros in
international growth (+39%)
Strong increase in
operating profit
Combined revenue (bn euros)
+ 9.2%
2005
2006
2007
2008
Scope of group
Operating profit (m euros)
+ 66.1%
2005
2006
2007
2008 7 7

8. Dynamic growth One ambition:
Budapest, 6 April 2009
One ambition:
To become one of the leading insurers in Europe in order to ensure the group long-term continuity and independence
A strategy of growth:
Strengthen and expand the positions as a general insurer in France
Accelerate international growth
Improve profitability through greater effectiveness
What are our objectives and strategy for the coming years?
To maintain its independence and perpetuate its original purpose—to offer the best service at the best cost to its members and customers—Groupama’s goal is to become one of the leaders in European insurance.
Our strategy is based on the following three components:
-strengthen our positions as a general insurer in the French market,
Accelerate organic and international growth,
Improve our profitability, through increased efficiency in sales and expenditures. 8 8

9. A leader in its domestic market
Budapest, 6 April 2009
Agricultural Insurer Home Insurer 1 st
Individual Health Insurer
Local authorities Insurer
Unforeseen events Insurer
Long term care Insurer Legal protection Insurer 2 nd
Marine and transport Insurer 3 rd
Motor Insurer
SME Insurer 9 9

10. Strong international business growth
Budapest, 6 April 2009
EUROPE & MEDITERRANEAN
Slovakia
Groupama Poistovna
Hungary
Groupama Garancia Biztosito
Romania
BT Asigurari
Asiban
OTP Garancia
Great Britain
Groupama Insurances
Bulgaria
Subsidiary of OTP Garancia
Spain
Groupama Seguros
Turkey
Basak Groupama Emeklilik
Basak Groupama Sigorta
Güven
Günes Sigorta (36%)
Groupama in Europe:
France
Spain
Great Britain
Greece
Hungary
Italy
Portugal
Romania
Turkey
+ presence in Slovakia and Bulgaria (subsidiaries of OTP Garancia, hatch marks on the map)
Italy
Groupama Assicurazioni
Nuova Tirrena
Portugal
Groupama Seguros
Tunisia
Star (35%)
Greece
Groupama Phoenix 10 10

11. Strong international business growth
Budapest, 6 April 2009
ASIA
China
Groupama (Hong Kong)
Groupama S.A. Chengdu Branch
Groupama China Beijing Office
Vietnam
Groupama Vietnam 11 11

12. A solid platform for expansion in Central and Eastern Europe
Budapest, 6 April 2009
Russia
Ukraine
Slovakia
Hungary
Romania
Croatia
Serbia
Bulgaria
Montenegro
Greece
Turkey
Groupama Presence
Growth potential for Groupama – Presence only of OTP Bank
Proforma based on 2008 data

13. Groupama in the Hungarian market: a long-term commitment
Budapest, 6 April 2009
Groupama in the Hungarian market: a long-term commitment

14. The insurance market in Hungary: potential for real growth
Insurance density compared with other European countries [% of GDP, 2007]
Budapest, 6 April 2009
Life
Non-Life
40.3
23.0
21.0
40.2
36.1
45.1
40.2
32.8
45.1
40.3
32.8
21.0
11.1
13.8
36.1
23.3
5.1
11.0
23.3
23.0
17.1
17.1
11.0
13.9
13.9
27.9
13.8
11.1
5.7
5.1
6.6
7.6
5.7
7.6
6.6
27.9
GDP / inhabitant ['000 $]
Source : Sigma

15. The Hungarian life market grew strongly between 2004 and 2008
Budapest, 6 April 2009
Change in Hungarian insurance market
Average annual growth rate
Revenue (billions of HUF)
( )
( )
Total
15.8%
10.5%
Life
28.3%
17.3%
Non-life
5.2%
4.8% 15
Source : MABISZ 15

16. Groupama Garancia Biztosító: a brand that carries strong values
Budapest, 6 April 2009
Formation: 1991
Groupama name: 2004
Acquisition Legal merger
17 Sept Mar. 2009
Formation: 1987,
OTP name: 1992
The new subsidiary is based on the shared values of OTP Garancia and Groupama
The partnership with OTP Bank is a major pillar for the expansion of the new company
Detail the context in which the logo will be used with reference to the partnership with OTP 16 16

17. Creation of a high-performance company to seize market opportunities17
Creation of a high-performance company to seize market opportunities
Budapest, 6 April 2009
Groupama Biztosító
OTP Garancia Biztosító
Total
Revenue in 2008 (millions of HUF)
9,633.8
79,306.9
88,940.7
Revenue in 2008 (millions of EUR)
38.4
315.7
354.1
Earnings after taxes in 2008 (millions of HUF)
224.7
11,255.3
11,480.0
Earnings after taxes in 2008 (millions of EUR)
0.9
44.8
45.7
Number of customers
130,000
1,200,000
1,330,000
2 slides :
Revenue, results (avec progression si positive)
Nombre de salariés
Nombre de clients
Force commerciale
Exchange rate: HUF/EUR
Source : DGI, Filiale, Analyse DSG 17

18. Close to customers Presence throughout the country
150 Groupama Garancia agencies, 400 OTP Bank branches and 450 brokers in the country

19. (Groupama Garancia Biztosito proforma)19
Our objective: to create a high-performance company to seize market opportunities
Budapest, 6 April 2009
Breakdown of premiums by business and distribution channel in 2008
Market share
(Groupama Garancia Biztosito proforma)
2008: 10.0%
Source: DGI, Subsidiary, DSG analysis 19

20. The key steps in creating a leader
Budapest, 6 April 2009
Finalisation of the merger
Optimisation of corporate functions
Reorganisation of the sales network
Development of the new product range
Increase in sales performance
Improvement in customer service
2008
Acquisition
2009
Merger:
New structure, new market approach
Objective:
Be one of the top 3 players in the Hungarian market
2010
Sustainable growth
and profitability 20 20

21. The positioning of Groupama Garancia in the Hungarian market
Budapest, 6 April 2009
A complete product range to meet the needs of families (urban, young) and SMEs
An insurer in touch with its customers providing accessible products
The search for optimum quality/price ratio
Simple products
Customer service attentive to the customer
A network of local agencies
Sales oriented toward customer needs and a more proactive approach
A policy of innovation backed by the expertise of the group
A commitment to society

22. The first steps in our development
Budapest, 6 April 2009
A strategic banking partnership:
20-year strategic agreement signed
Improved product range (life insurance, home insurance, travel insurance)
Expanded training support for the 400 OTP Bank branches 22 22

23. The first steps in our development
Budapest, 6 April 2009
Consolidation of local networks
Improved professionalism for the network of agents
Optimised telephone service
New internet services (beginning in September)
Development of partnerships
Brokers
OTP group companies
Cora hypermarkets…
Speak about advantages of each of the networks 23

24. The first steps in our development
Budapest, 6 April 2009
A more proactive company
Recruitment of 700 new sales agents
Reduction in the number of administrative positions with personalised assistance
Substantial investment in training (sales, management )
A simplified and decentralised sales structure
(7 regions)

25. Management
Introduction to the new management team of Groupama Garancia Biztosító
Yann Ménétrier Dr. Bajkai Mária Bácsfalvi Mihály Dr. Bálint Györgyi Birkás Balázs
CEO HR Director CFO Chief Legal and Deputy Mg. Director
Compliance Office Services
Böröndi József Dr. Csurgó Ottó Fábián Attila Szobonya Csaba
Deputy Managing Director Deputy Mg. Director Dep. Managing Director Dep. Managing Director IT Non-life Life & bank insurance Sales

26. The first steps in our development26
The first steps in our development
Budapest, 6 April 2009
Rebranding the agencies 26

27. The first steps in our development
New Internet site

28. The first steps in our development
New media campaign

29. 29