Dexia SA announces today the launch of a capital increase, by the
issuance of new ordinary shares to be placed with institutional
investors through an accelerated bookbuilt offering. This capital
increase will allow Dexia to raise approximately EUR 1 billion for the
purpose of financing part of the acquisition of DenizBank, which was
announced on 31 May 2006. Credit Suisse and Dexia Bank are acting as
Global Coordinators for the offering. Credit Suisse, Dexia Bank,
Goldman Sachs and JP Morgan are acting as Joint Bookrunners.
The result of the offering will be announced after completion of the offering.
This press release does not constitute any offer or solicitation
to purchase or subscribe for securities in Belgium, France, Luxembourg
or any other jurisdiction in which such offer or solicitation would be
unlawful. The distribution of this press release may be restricted by
law or regulation in certain countries. Accordingly, persons who come
into possession of this document should inform themselves of and observe
these restrictions. The shares referred to in this press release will
not be publicly offered in Belgium, France, Luxembourg or any other
jurisdiction and such shares will not be registered in any jurisdiction.
These materials are not for distribution, directly or indirectly,
in or into the United States of America. These materials do not
constitute or form a part of any offer or solicitation to purchase or
subscribe for securities. The securities mentioned herein may not be
offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended
(the ¿Securities Act¿). The Shares have not been, and will not be,
registered under the Securities Act and will not be publicly offered in
the United States.
This press release does not constitute an offer of securities in
the United Kingdom and is for information only. It is only directed at
¿qualified investors¿ or other persons to whom it can lawfully be
directed within section 86(1) of the Financial Services and Markets Act
2000. It is being communicated only to persons who receive the
communication in the course of a business which involves dissemination
through a publication of information concerning investment activities
regulated by the Financial Services Authority, or to persons who have
professional experience in matters relating to investments, or to any
other persons to whom it can lawfully be communicated. Persons who do
not have professional experience in matters relating to investments
should not rely on it. Any investment to which this press release
relates is only available to relevant persons.