press release

Appointment in the Board of Directors of Dexia S.A/N.V.

The Board of Directors of Dexia has co-opted, with effect from 1 November 2007, Mrs. Francine Swiggers as director of Dexia, in replacement of Mr. Rik Branson. As from 1 November next, she will succeed Rik Branson as Chairman of the Management Board of ARCO Group, which holds 17.6 % of Dexia¿s capital.
The definitive appointment of Francine Swiggers as director of Dexia will be submitted for approval at the next ordinary general shareholders¿ meeting of 14 May 2008.
Dexia wishes to sincerely thank Rik Branson for the contribution he has made in his Board of Directors since 2001.
Biography of Mrs. Francine Swiggers
Francine Swiggers (55) is licentiate Applied Economic Sciences and Master in Business Administration (K.U. Leuven). Since 1997, she has been a member of the Management Board of ARCO Group. Formerly she had a 20 years¿ career with Bacob Bank, where she was in charge of the strategic planning as from 1995. Today, she is also a director with several ARCO companies, with Dexia Crédit Local, VDK Spaarbank and water treatment company Aquafin.
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