PRESS RELEASE
07/10/2003

Dexia Bank sells its participation in Erste Bank

Dexia Bank Belgium has sold its participation of 2% in the Austrian based Erste Bank.

Dexia Bank has acquired its participation in Erste Bank through the acquisition of Artesia BC by Dexia in 2001.

The stake in Erste bank is no longer considered strategic for the Dexia group.

The transaction will result in a capital gain of approximately EUR 48 million.