PRESS RELEASE
10/01/2002

Repurchase of equity

In accordance with the applicable rules relating to market information, the Dexia Group announces that the company has been authorised, in accordance with article 620 of the Belgian company code and pursuant to the decision of the extraordinary shareholders meeting of june 6, 2001, to acquire its own shares on Euronext Brussels up to maximum 10% of the subscribed capital, and for a price which cannot exceed by more than 5% the average market price of the last 10 closing market prices on Euronext Brussels.

The duration of such authorisation is 18 months as from the date of said meeting. The company intends to make use of this authorisation, in compliance with its capitalisation ratio objectives.