Jean-Luc Dehaene
68 years old, Belgian

Chairman of the Board of Directors, Dexia SA
Independent director since 2008
Chairman of the Appointment and Compensation Committee, Chairman of the Strategy Committee

Holds 700 shares

Beginning and end of mandate: 2009-2013

Other functions:
Politician who exercises different governmental (on federal level) and parliamentary (on European level) functions; Chairman of the board of Directors of the College of Europe; Director of various listed companies (Inbev, Umicore, Trombogenics, Lotus Bakeries, Novovil); Vice-Chairman of the European Convention. Chairman of the Board of Directors of Dexia Crédit Local, Vice-Chairman of the Board of Directors of Dexia Banque Belgique and Director of Dexia Banque International à Luxembourg.

Biography:
Doctor of Law, University of Namur and K.U. Leuven. He started his professional activities as Association Secretary to the Flanders’ Scouting Federation (Vlaams Verbond van Katholieke Scouts) and became in 1965 member of the Research Department of the Christian Workers’ Union (ACW). Started his political career in 1967, occupying several parliamentary and governmental functions at federal and European level.

Pierre Mariani
52 years old, French

Chief Executive Officer, Chairman of the Management Board of Dexia SA
Member of the Strategy Committee

Since 2008

Holds no Dexia shares

Beginning and end of mandate: 2009-2013

Primary function:
Chief Executive Officer and Chairman of the Management Board of Dexia SA. He is also a member of board of directors of Dexia Bank Belgium, Dexia Crédit Local and Dexia Banque Internationale à Luxembourg.

Biography:
Graduate in law, former student of the Hautes études commerciales and the Ecole nationale d’administration (ENA). Between 1982 and 1992 he occupied various functions in the Ministry of Economy and Finance. In 1993 he was appointed Director of the Cabinet of the Budget Minister, government spokesman, and head of communication. In 1995 he was appointed Managing Director of the Société française d’investissements immobiliers et de gestion, a real estate company in the Fimalac Group.

In 1996 he was appointed Managing Director and member of the Management board of Banque pour l’expansion industrielle (Banexi), the commercial arm of BNP, of which he became Chairman of the Management board in 1997. In 1999, he was appointed head of International Retail Banking and, from 2003, head of Financial Services and International Retail Banking of the BNP Paribas Group. He was appointed Deputy Managing Director in 2008 jointly responsible for Retail Banking activities and for the International Retail Services of BNP Paribas.

Gilles Benoist
62 years old French

Independent Director since 1999 Chairman of the Accounts Committee, Chairman of the Internal Audit, Risks and Conformity Committee

Holds 300 Dexia shares

Beginning and end of mandate: 2006-2010

Primary function:
Managing Director, CNP Assurances.

Other functions:
Member of the Management Board of the Group Caisse des Dépôts. Chairman of the Fédération française des sociétés anonymes d’assurances. Director and member of the strategy committee of Suez Environnement Company SA.

Biography:
Law degree. Graduate of the Institut d'études politiques de Paris (IEP) and of the Ecole nationale d'administration (ENA). After having been a member of the Management Board and General-Secretary of Crédit local de France since 1987, General-Secretary and member of the Executive Board of Caisse des dépots et consignations from 1993 onwards, he became Chairman of the Management Board of CNP Assurances on July 9, 1998; he was appointed Managing Director when the company’s corporate governance was changed on July 10, 2007.

Olivier Bourges 
42 years old, French

Director
Member of the Internal Audit, Risks and Conformity Committee, Member of the Strategy Committee

Beginning of mandate: 2009

Primary function:
Deputy Directeur-Général of the Agence des participations de l’Etat (APE).

Biography:
Studied at the French Ecole Nationale d’Administration (ENA), the Institut d’Etudes Politiques de Paris (IEP) and holds a Scientific Baccalaureat. From 1992 to 2000 he held various functions in the Treasury Department (Direction du Trésor, Paris), i.e. as deputy head to the Banks Agency from 1992 to 1996 and from 1998 to 2000 as head of the ‘Housing Financing’ Agency (Bureau Financement du Logement). From 1996 to 1998 he was employed as Alternate Executive Director of the World Bank, IBRD. In 2000 he joined Renault, initially as Financial Relations Director, and was subsequently appointed Director of Vehicle Profitability. In 2006 he was made Vice-President, Corporate Planning and Program Management Office at Nissan North America. In 2008 he returned to Renault, as Senior Vice-President and Director of the Management Control Department at group level.

Robert de Metz
57 years old, French

Independent Director
Member of the Accounts Committee

Beginning of mandate: 2009

Function:
Company director (La Fayette Management – Fundmanager in London, Canal+ France and proposition Média-Participations).

Biography:
A graduate of the Institute of Political Studies and former student at ENA, he began his career in the General Finance Inspectorate. Robert de Metz joined Banque Indosuez in 1983 where he held posts in Hong Kong and in France befor e joining Demachy Worms & Cie. At Paribas since 1991, he exercised many functions, notably mergers- acquisitions before being appointed to the Board of Directors, responsible from London for fixed income, forex and derivatives markets. He was a director at Cobepa from 1993 to 1999. Between 2002 and 2007, Robert de Metz was Deputy Director General of the Vivendi Group in charge of mergers-acquisitions and strategy.

Augustin de Romanet
de Beaune
47 years old, French

Director since 2007
Member of the Appointment and Compensation Committee, Member of the Strategy Committee

Holds no Dexia shares

Beginning and end of mandate: 2007-2011

Primary function:
Managing Director of the Caisse des dépôts et consignations

Other functions:
Director of Accor,CDC Entreprises, CNP Assurances, Icade, Véolia Environnement. Chairman of the Supervisory Board of the Société Nationale Immobilière.

Biography:
Graduate of the Institut d’études politiques de Paris (IEP) and of the Ecole nationale d’administration (ENA). He was in particular Financial Attaché to the Permanent Representation of France to the European Community in Brussels, Director of to the Office of the Budget Ministry, Director of the Office of the Ministry of Employment and Associate Manager of Oddo Pinatton Corporate. He was then appointed Deputy General Secretary to the Presidency of the Republic of France before being appointed Deputy Director of Finance and Strategy and a member of the Executive Committee at Crédit Agricole SA.

Stefaan Decraene
45 years old, Belgian

Director

Beginning of mandate: 2009

Primary function:
Chairman of the Management Board of Dexia Bank Belgium and Member of the Management Board of Dexia SA.

Other functions:
Member of the Board of Directors of Dexia Bank Belgium, Dexia Banque Internationale à Luxembourg, Dexia Insurance Belgium, Denizbank, Crédit du Nord, RBC Dexia Investor Services. Chairman of the Board of Directors of Dexia AM Luxembourg. Chairman of the Board of Directors of Febelfin.

Biography:
He graduated from Leuven university in applied economics with a specialisation in international affairs. The first part of his career revolved around corporate banking and investment banking in Belgium. He became an expatriate in 2001, when he was appointed President of the Management Board of Banque Artesia Nederland, and became a member of the Management Board of Dexia Bank Nederland in 2002. He returned to Belgium in 2003 and became member of the Management Board of Dexia Bank Belgium, in charge of Insurance and Development of International Retail Activities, before becoming member of that same Management Board in 2004, in charge of Public & Wholesale Banking. Since January 2006, he has been Chairman of the Management Board of Dexia Bank Belgium and since 2008 member of the Management Board of Dexia SA.

Christian Giacomotto
69 years old, French

Independent director
Member of the Appointment and Compensation Committee

Beginning of mandate:2009

Primary function:
Chairman of the Management Board of Gimar Finance.

Other functions:
Chairman of the Public Property Auction Council and Vice-Chairman of the National Museums Association.

Biography:
Graduated in higher legal studies, of the Institute of Political Studies in Paris and of the New York University (American Finance), is Chairman of the Management Board of Gimar Finance. He began his career at the Bank of the European Union before becoming Deputy Director General of the CIC in 1982. In 1987 he created the Arjil Bank, of which he became Chairman of the Board of Directors before holding various managerial posts and directorships with the Lagardère Group, then Kleinwort Benson in London, the bank with which he founded Kleinwort Benson, Gimar & Cie in Paris in 1994. He is Chairman of the Public Property Auction Council and Vice-Chairman of the National Museums Association. He is a Commander of the Legion of Honour and Commander of the Order of Arts and Letters.

Catherine Kopp
58 years, French

Independent director since 2007

Holds 250 Dexia shares/

Beginning and end of mandate: 2008-2012

Primary function:
Managing Director Human Resources of the Accor Group.

Other functions:
Director of Schneider Electric.

Biography:
After studying mathematics, she worked for the IBM Group, where she held several management positions (human resources, marketing and sales) before becoming Managing Director and later Chairman and Managing Director of IBM France. From 2001 to 2002, she was head of Human Resources of the LVMH Group. Since 2002, she has been Managing Director Human Resources of the Accor Group and member of the Executive Committee. Catherine Kopp is also member of the board of directors of Schneider Electric. In 2006, the French Prime Minister appointed her member of the High Authority for the Fight Against Discriminations and Equality. Within the Mouvement des Entreprises de France (MEDEF) she led the cross-sector negotiations on Diversity (2006) and on Modernization of the Labor Market (2006), which both resulted in an agreement. Catherine Kopp is Knight of the National Order of the Legion of Honor and Knight of the National Order of Merit.

Serge Kubla
61 years old, Belgian

Director since 2005

Holds no Dexia shares

Beginning and end of mandate: 2006-2010

Primary function:
Mayor of Waterloo.

Other functions:
Director of Dexia Bank Belgium.

Biography:
Solvay business school (three out of four years). From 1976 a councilor for Waterloo, where he was alderman with responsibility for sports and then, from 1982, mayor. Since 1977, he has been active in regional and national politics. In 2002, for half the year he chaired the European Council of Industry. Since 2004, he has been active in regional politics.

Hubert Reynier
47 years old, French

Director
Member of the Accounts Committee

Beginning of mandate: 2009

Primary function: Deputy head of Finance of the Group Caisse des Dépôts.

Biography:
Studied at the French Ecole Nationale d’Administration (ENA), the Institut d’Etudes Politiques de Paris (IEP) and gained a Master of Advanced Studies in Economics and is a General Inspector of Finance. After completing his studies in 1988 he embarked on a career at Inspection Générale des Finances, before transferring to Banque Nationale de Paris (BNP) in 1992. From 1993 to 1994 he was Senior Vice-President in the Investment Banking (New York) department, and then became General Manager of the London branch. From 1998 he held the post of Director General of the BNP group for Belgium and the Netherlands. In May 2000 he started at COB where he was responsible for the First Market sector, subsequently becoming Head of the Operations and Financial Information Department. In 2004, shortly after the creation of the Financial Markets Authority (AMF), he joined the Department of Regulation and International Trade. At the same time he also chaired the work of the Permanent Committee of the International Organisation of Securities Commissions.

Francine Swiggers
56 years old, Belgian

Director since 2007
Member of the Appointment and Compensation Committee, Member of the Strategy Committee

Holds no Dexia share

Beginning end of mandate: 2008-2012

Primary function:
Chairman of the Management Board of the Group Arco.

Other functions:
Chairman of the Management Board of Arcoplus, Auxipar, Arcosyn, Interfinance, Procura vzw. Director of Arcopar, Arcofin, De Warande vzw, Hogeschool Universiteit Brussel. Director and member of the Audit Committee of VDK Spaarbank and Aquafin. She is also director of Dexia Bank Belgium and Dexia Crédit Local.

Biography:
Graduate in Applied Economics and Master of Business Administration (K.U. Leuven). She has been a member of the Management Board of the Arco Group since 1997 and Chairman of this Board since 2007. Previously she had a 20 career of 20 years at BACOB Bank where she was Head of Strategic Planning from 1995.

Bernard Thiry
54 years old, Belgian

Director
Member of the Strategy Committee

Beginning of mandate: 2009

Primary function:
Chairman of the Management Board, Ethias and Ethias Droit Commun.

Other functions:
Professor at HEC, the Management College at the University of Liège. Member of the Executive Commission of GEMA. Director of AMICE, AME Holding, AME Ré, AME LIFE LUX AME LUX, AZUR-GMF Mutuelles d’Assurances Associées. Chairman of AUDI, Mateus, Mateus Life, Bel Ré, UAAM. Chairman of the Management Board of LEGIBEL. Director of Ethias Banque and Managing Director of Ethias Finance. Chairman of the Board of Directors of NRB, Director of GIEI, GI. Managing Director of CIDRIEC, Director of SOLIDARIS, Chairman MNEMA vzw, Vice Chairman FEBECOOP.

Biography:
Doctor of Economics from the University of Liège and a graduate from Stanford University, is Chairman of the Management Board of Ethias. He began his career in the Faculty of Economics, Management and Social Sciences of the University of Liège where he was a professor until 2006. Between 2000 and 2001, he was Administrative Director and member of the Management Board of the Belgian Commission for Electricity and Gas Regulation. In 2006, he joined Ethias as Director of International Relations. He became a member of the Management Board in February 2008 and Chairman in October 2008. He is also a professor at HEC, the Management College at the University of Liège.

Marc Tinant
54 years old, Belgian

Director since 2001
Member of the Internal Audit, Risks and Conformity Committee, Member of the Accounts Committee

Holds 100 Dexia shares

Beginning and end of mandate: 2006-2010

Primary function:
Vice-Chairman of the Management Board and director of Arcofin.

Other functions:
Vice-Chairman of the Management Board and director of Arcoplus, Auxipar, Arcopar, Arcosyn. Chief Executive Officer and Vice-Chairman of the Board of Directors of EPC. Director of Retail Estates (SICAFI listed in Brussels), SRIW (Société régionale d’investissement de Wallonie), Interfinance, Mediabel, SOFADI, SOFATO vzw, SYNECO vzw, Euro Village Ardennes, Pauls. Chief Executive Officer and director of FINEXPA and CETS vzw, Member of the Financial Committee of the Université catholique de Louvain (UCL).

Biography:
Graduate and Master's Degree in economics. Before joining the Arco Group in 1991, he was General Advisor to the Management Board of the Walloon Regional Investment Company.

Sir Brian Unwin
73 years old, British

Independent Director since 2000

Holds no Dexia shares

Beginning and end of mandate: 2006-2010

Primary function:
Chairman of Assettrust Housing Limited.

Other functions:
Chairman of the European Center for Nature Conservation. Director of the Federal Trust for Education & Research.

Biography:
Studied at Oxford and Yale. Former diplomat also worked for the Chancellor of the Exchequer and on the Prime Minister's staff in the United Kingdom. He became President of the European Investment Bank in 1993. Honorary President since 2000.

Koen Van Loo 
36 years old, Belgian

Director since 2008
Member of the Internal Audit, Risks and Conformity Committee, Member of the Strategy Committee

Holds 1.073 Dexia shares

Beginning and end of mandate: 2009-2013

Primary function:
Managing Director and Member of the Strategy Committee of the Société fédérale belge de participations et d’investissement.

Other functions:
Chairman of the Board of Directors of Fedimmo. Director and Member of the Audit Committee of SN Airholding. Director of Zephyr FIN, Certi-Fed, Bel to mundial vzw, Zilver Avenue Participatiemaatschappij nv.

Biography:
Graduate in Applied Economics and holds a post-graduate degree in Taxation. He began his career as a Deputy Advisor to the Conseil central de l’économie before joining the Office of the Belgian Minister of Finance as an expert in September 1999. In November 2000 he was appointed Advisor to the Cabinet and was then head of tha Cabinet from May 2003 until November 2006. In November he was appointed Managing Director and a Member of the Strategy Committee of the Société fédérale de participations et d’investissement.

Francis Vermeiren
72 years old, Belgian

Director since 2004
Member of the Appointment and Compensation Committee, Member of the Strategy Committee

Holds 3,100 Dexia shares

Beginning and end of mandate: 2009-2013

Primary function:
Mayor of Zaventem.

Other functions:
Chairman of the Board of Directors of Holding Communal. Director of Elia, Asco Industries, Publi-T, Vivaqua Intercommunale.

Biography:
Former insurance inspector. Former manager of a tax office. Now active in politics at a national level.

Isabelle Bouillot
60 years old, French

Observer since 08/2009

Beginning and end of mandate: 8/2009-05/2010

Primary function:
President of China Equity Links.

Biography:
A graduate of the French “National School of Administration”, of the Institut d’Etudes Politiques de Paris (IEP) and a post-graduate degree in Public Law. She has occupied different positions in French public administrations, among them economic advisor for the President of the Republic between 1989 and 1991 and Budget Director at the Ministry of Economy and Finance between 1991 and 1995. She joined the Caisse des Dépôts et Consignations as Deputy Chief Executive Officer in 1995 and was in charge of financial and banking activities. Between 2000 and 2003, she was Chief Executive Officer of the Investment Bank of the Group CDC IXIS. She is currently President of China Equity Links and a director of Umicore and Saint-Gobain.

Brigitte Chanoine
44 years old, Belgian

Observer since 08/2009

Beginning and end of mandate: 08/2009-05/2010

Primary function:
Professor in Finance and Rector of the ICHEC Brussels Management School.

Biography:
Qualified as a Master in Business Engineering (ICHEC), having a PhD in Finance and being Doctor in Business Administration (IAG – Université Catholique de Louvain), she started her professional activities in 1988 as Health and Safety Manger at General Devices (Indianapolis). Since 1990, she has occupied different positions in the Finance Department of the ICHEC, of which she has been the Rector since September 2008. As a professor at ICHEC and at the Université Catholique de Louvain, she also provides lessons, training and consulting services for companies.