PRESS RELEASE
07/12/2001

Sale of Banque Artesia Suisse

Artesia Banking Corporation, a 100% subsidiary of Dexia, signed a protocol agreement pertaining to the sale of Banque Artesia Suisse, its subsidiary in Switzerland.

Banque Artesia Suisse is to be sold to Société Anonyme pour le Développement du Crédit Communal Européen, a company of the Schuppli Group active in the German banking and insurance sector.

Following the acquisition of Artesia Banking Corporation by Dexia on July the 3rd 2001 and a closer collaboration with Dexia Bank Belgium, this transaction is part of the sale process of non strategic entities.

This transaction is subject to prior approval by supervisory authorities.