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