AGEAS : Regulated information - Court of Appeal leaves the sale of the Dutch Fortis entities in 2008 unaffected but however rules that Fortis did not communicate correctly in connection therewith

Today, the Court of Appeal in Amsterdam decided that the sale of the Dutch Fortis entities in September-October 2008 remains unaffected. However, it also ruled that Fortis provided misleading and incomplete information therewith during the period of 29 September through 1 October. The Court decided that Fortis should indemnify the damages suffered as a result thereof by the shareholders concerned. In the current proceedings no damages were estimated to date. The damages, if any, will be decided upon and determined in further proceedings. When available, Ageas will inform the market accordingly.

The Court's decision and the related press release are published (in Dutch only) on www.rechtspraak.nl:
http://www.rechtspraak.nl/.

Ageas is disappointed with the Court's decision. It will further analyse it and decide on any appropriate action in this respect.

Ageas is an international insurance group with a heritage spanning 190 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and the UK. Ageas is the market leader in Belgium for individual life and employee benefits, as well as a leading non-life player through AG Insurance. In the UK, Ageas is the second largest Motor insurer and has a strong presence in the growing over 50's market. Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has annual inflows of more than EUR 23 billion.