The Board of Directors of Dexia SA took note of the resignation of Pierre Vergnes as a director, effective 30 June 2016. The Board, upon the proposal from the Appointments Committee, agreed to co-opt Véronique Hugues as a member of the Board of Directors of Dexia SA. Her definitive appointment will be submitted for approval to the next General Meetings. Upon a proposal from the Management Boards and the Appointments Committee, the Boards of Directors have also decided to appoint Véronique Hugues as member of the Management Board of Dexia SA. The new governance of Dexia Group will take effect on 1 July 2016, subject to the approval of the aforementioned appointments by the European Central Bank. Véronique Hugues started her career at Deutsche Bank in Paris in the ALM department and joined Dexia Group in 2001 to manage long-term financing. She took over financial communication in 2009 then became responsible for Financial Management, and a director of Dexia Kommunalbank Deutschland and of Dexia Sabadell in 2013. She has been Deputy CFO of Dexia Group and a member of the Group Committee of Dexia SA since 2014. She also manages several different transversal projects within the Finance support line as part of this mandate.