Considering that Banque Labouchère would have infringed some securities
regulations when selling some of the Legiolease products from the 9th December
2000 until the 31st December 2001, the Financial Markets Authority has imposed
six fines of €9,075 each to Dexia Bank Nederland, successor of Banque Labouchère.
From Dexia's perspective, these decisions are not justified. Besides, they
do not have a judicial bearing as they come from an administrative authority.
Dexia Bank Nederland reserves the right, as allowed by the regulation, to appeal
against any of these decisions.