Following the settlement of the exchange offer of Banco Comercial Português, S.A (BCP) of some of its subordinated debt and preference shares for ordinary shares, Ageas's holding in the share capital of BCP has fallen below the 2% threshold of qualifying holding.

BCP's exchange offer that was settled on 12 June 2015, led to the issuance of 4,844,313,860 new shares, which increased the total outstanding ordinary BCP shares to 59,039,023,275.
As a result, Ageas's direct and indirect holding has diluted to below 2%.

BCP is Portugal's largest private owned bank operating under the brand name Millennium BCP.

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, Thailand and the Philippines and has subsidiaries in France, Portugal, 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 occupies the number 3 position in cars insured and has a strong presence in the 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 reported annual inflows close to EUR 26 billion in 2014.

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