35,202 staff members in 2007

The Dexia Group is located in 37 different countries throughout the world. If the presence of Dexia remains focused on the European continent with 68.49% of its employees, its expansion to other continents became clear.

We should also point out that, with the different partnerships and the minority holdings, Dexia's business presence extends beyond these 37 countries,

The average turnover is 8.01%, a sharp rise in comparison with 2006 (6.17%). This indicator measures the stability of the workforce and represents the ratio between the termination of contracts with unlimited duration and the average number of staff employed over the period.

This rise is due to the fact that the turnover at DenizBank was not included in 2006. Indeed, the formula used requires historic data over at least one year for the calculation and DenizBank was purchased in 2006. In 2007, the inclusion of the turnover at DenizBank had a strong impact on the global turnover as it is rather high in comparison with the entities of the Dexia Group.

The trend observed in 2006 related to the increase in the share of women within the Dexia Group was confirmed in 2007. Indeed, in 2006, women accounted for 48.26% of the total workforce and for 48.49% in 2007.

In 2007, for the eighth consecutive year, Dexia has included its staff members in its growth through a capital increase. The share of employee shareholding has reached 3.84% of the total capital of Dexia.
Employees are therefore in fifth place, just behind the four main shareholders. Dexia is the only Belgian issuer to offer its employees an identical operation, regardless of entity or their hierarchical status. The success of these operations reflects the confidence of staff in Dexia and reinforces the sense of cohesion within the group.

As in 2006, it appears that most of the Group's staff members are employed under contracts with unlimited duration. Their share has slightly increased from 93.85% to 94.37%.
Moreover, 18.13% of staff members with a fixed-term contract in 2006 signed a contract with unlimited duration in 2007 and 15.85% of them still have fixed-term contracts.

The average age of the workforce has not changed substantially in 2007. It slightly decreased from 37.62 years to 37.49 years. Likewise, the average age of men and women which went down between 2005 and 2006 keeps decreasing in 2007 to a lower extent. Indeed, the average age of women moved back from 36.23 to 36.15 years and that of men from 38.92 to 38.75 years.

The Dexia workforce still forms the generally balanced age pyramid observed in 2006. 43.58% of staff members are younger than 35 and 59.56% are younger than 40. The employees who are older than 50 represent 13.76% of the total population of the Dexia Group.

In 2007, 14.60% of the workforce of the Dexia group worked under part-time contracts, i.e. 23.88% of women and 5.87% of men.

However, significant disparities exist between the entities. Among other things, it appears that large entities employ more part-time staff than smaller entities. This is mainly explained by a structural effect.

In addition, significant disparities may exist between countries due to different cultural practices.

The staff members of the Dexia group have a relatively high level of education. Indeed, 74.45% of employees have a post secondary education degree. In 2006, this proportion was 68%. This difference is largely due to the fact that in 2006, information on the educational level of employees DenizBank had not been taken into account.