PRESS RELEASE
16/06/2005

Dexia Kommunalkredit Bank "Revs up" in Romania

Great success for Dexia Kommunalkredit Bank and Dexia Capital Markets: They participate in the first large international issue of a Romanian local authority. The City of Bucharest launched an international bond issue for EUR 500 million (duration: 10 years) to finance infrastructure projects. With a very strong participation in the transaction, Dexia Group has significantly contributed as Co-Lead Manager to the success of this bond issue.

To further contributing the development of public financing in Romania, Dexia Kommunalkredit Bank, the arm of the group in Central and Eastern Europe, is currently opening a business office in Bucharest. Within the next five years Dexia Kommunalkredit Bank intends to be among the leading players in the field of public finance in Central and Eastern Europe.

Press contact:
Ulrike Pommée : 02 222 44 01