PRESS RELEASE
29/04/2004

DEXIA IN TALKS AIMING AT THE SALE OF KEMPEN & CO

The Dexia group confirms it is in talks with a group of investors and the management of Kempen & Co, aimed at the sale of its stake (100%) in this company.
This project is part of Dexia’s strategy to refocus on its two main markets: public local authorities and the personal sector.

Kempen & Co is a merchant bank specialised in asset management, private banking, brokerage services and mergers & acquisitions. Its headquarters are located in Amsterdam.

The transaction is subject to the approval of Dexia’s competent corporate bodies, and will take place after the usual due diligences are conducted by the group of acquirers. It is also subject to the approval of the competent supervisory authorities.