press release
22/12/2006

Success of the mandatory tender offer on the shares of DenizBank.

Shareholding of Dexia in DenizBank now stands at 99,74%
 
Pursuant to the purchase of 75 % shares of DenizBank A.Ş. ("DenizBank") from Zorlu Holding, a mandatory tender offer on the remaining shares of DenizBank listed on the Istanbul Stock Exchange was launched on December 4 and closed on December 22, 2006. Most of the shareholders responded favorably to the tender offer. The shareholding of Dexia in DenizBank now stands at 99,74%.
 
As previously reported (see press release of December 1, 2006), another mandatory tender offer was also launched in the context of the transaction by DenizBank on the class B shares of Deniz Yatirim Ortaklığı A.Ş. ("DYO"), an investment fund in which DenizBank owns an indirect controlling interest. This mandatory tender offer was closed on December 18, 2006. No shares were tendered.
 
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