PRESS RELEASE
02/05/2002

DEXIA BANK INCREASES ITS STAKE IN DVV INSURANCE

Dexia Bank Belgium, a subsidiary of the Dexia group, which currently owns 82.06% of DVV Insurance, is taking over the shares held by VDK Spaarbank and Volksvermogen in DVV Insurance. From now on, the stake of Dexia Bank in DVV Insurance amounts to 99.39%.

The net profit for 2001 of DVV Insurance, which joined the Dexia group at the same time as Artesia BC, amounts to EUR 65.5 million (+28%). Consolidated collected premiums amount to EUR 926 million.