PRESS RELEASE
28/05/2008

Dexia does not wish to comment on rumors circulating in the market or the press.

Belgian newspapers De Tijd and L'Echo report in today's issue possible changes in the structure or the organization of the Dexia Group.

Dexia does not wish to comment on rumors circulating in the market or the press.

As in every financial group, the Management Board and the Board of Directors constantly work towards improving the organization and its internal processes, in the interest of customers, staff and shareholders.

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Dexia (www.dexia.com) is a European bank and the world leader in local public finance. Dexia is one of the top fifteen banking groups in the euro zone with a stock market capitalization of EUR 20.3 billion and 35,200 employees in 37 countries as of December 31, 2007. Dexia has one of the highest credit ratings in the banking industry. Dexia’s development strategy is based on two pillars: its Universal Banking business in Europe (Belgium, Luxembourg, Slovakia and Turkey), and world leadership in Public/Project Finance.

Press department Brussels +32 2 213 50 81
Press department Paris +33 1 58 58 86 75
Investor Relations Brussels +32 2 213 57 46
Investor Relations Paris +33 1 58 58 85 97

Dexia S.A. - 11, Place Rogier B-1210 Brussels - 1, Passerelle des Reflets, Paris-La Défense 2,
F-92919 La Défense Cedex