PRESS RELEASE
30/09/2002

The chairman of the Management Board of Dexia Bank Nederland will step down as at 1 December 2002

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.