Joseph Krant (54) has expressed his wish to step down around his 55 th anniversary
in order to devote more time to other activities and interests. In agreement
with the Executive Committee of Dexia Group, he will step down as Chairman of
the Management Board of Dexia Bank Nederland as at 1 December 2002.
The composition of the new Management Board will be announced after all the
necessary approvals will have been obtained.
In parallel, the Dexia Group and Dexia Bank Nederland will make public their
vision about the future and the strategy of their activities in The Netherlands
during the course of the month of October.