Quotation

 Paying agents

Belgium :
   •   Dexia Banque Belgique, boulevard Pachéco 44, 1000 Bruxelles

France :
   •   CACEIS Corporate Trust, 14 rue Rouget de Lisle
        92862 Issy les Moulineaux Cedex 09

Luxembourg :
   •   Dexia Banque Internationale à Luxembourg,
        Route d’Esch 69, 1470 Luxembourg

Dividend payment history

Year Gross amount Net amount (gross -25%)* Payment date   1996* 0.36 0.31 25/06/97     1997 0.40 0.34 11/06/98     1998 0.46 0.39 11/06/99     1999 0.39 0.33 14/06/00     2000 0.43 0.37 14/06/01     2001 0.48 0.41 14/06/02     2002 0.48 0.41 13/06/03     2003 0.53 0.45 11/06/04     2004 0.62 0.53 26/05/05     2005 0.71 0.60 24/05/06     2006 0.81 0.61 24/05/07

* With a reduction of the withholding tax to 15 % for the shares with VVPR strip

Stock performance

Dexia CAC40 Bel20   1996 * 0.21% 3.7% 1.9%     1997 63.2% 29.5% 27.6%     1998 19.2% 31.5% 45.3%     1999 18.1% 51.1% -5%     2000 19.6% -0.5% -8%     2001 -16.2% -22% -8.02%     2002 -27.4% -33.7% -27.2%     2003 16.1% 16.1% 10.8%     2004 24% 7.4% 30.7%     2005 15.1% 23.4% 21%     2006 6.5% 17.5% 23.6%

* From 20 November 1996 to 31 December 1996 Performance based on : - average share price in Paris and Brussels - last quote at the end of each year

Rating

Dexia Bank Dexia Crédit Local Dexia BIL Financial Security Assurance Dexia municipal Agency   Moody's Aa1 Aa1 Aa1 Aaa Aaa     Standard & Poor's AA AA AA AAA AAA     Fitch AA+ AA+ AA+ AAA AAA     DBRS AA (high) AA (high) AA (high)