PRESS RELEASE
28/03/2006

Dexia holding in Créatis

Dexia is selling its holding in Créatis to Cofidis, a subsidiary from Groupe 3 Suisses International.

In France, Créatis is one of the specialists in structured loans to private individuals through a network of business contributors. Dexia holds 25% in the capital of Créatis while Crédit Municipal de Lille is the majority shareholder (75%).

The activity of Créatis does not fit in the present strategy of the Dexia Group.

f 9 branches in the Nord / Pas de Calais / Picardie region. As of 31 December 2004, Créatis recorded a profit of EUR 3.6 million and a balance sheet total of EUR 442 million.

The operation is subject to approval being granted by the appropriate authorities.