KBC Groupe NV

Capital/Financing Update • Sep 18, 2024

Public

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" IN THE TENDER OFFER MEMORANDUM).

THIS PRESS RELEASE RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

Brussels, 18 September 2024 (8.45 a.m. CEST)

KBC Group announces the results of its cash tender offer for one of its outstanding AT1 securities.

Today, KBC Group NV ("KBC Group") announces the results of its invitation to holders of its outstanding €1,000,000,000 Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Callable Securities (ISIN: BE0002592708) (the "Securities") to tender such Securities for purchase by KBC Group for cash up to an aggregate principal amount of EUR 750,000,000 (such invitation, the "Offer").

Subject to the conditions described in the tender offer memorandum dated 10 September 2024 (the "Tender Offer Memorandum"), KBC Group will repurchase Securities for an aggregate principal amount of EUR 636,000,000. Holders of the Securities can find more information on the results of the Offer in the results announcement which is available through the following link (the "Results Announcement").

For more information, please contact:

Kurt De Baenst, General Manager, Investor Relations, KBC Group Tel. +32 2 429 35 73 - E-mail : IR4U@kbc.be

Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC Group Tel +32 2 429 85 45 - E-mail: pressofficekbc@kbc.be

Disclaimer

Capitalised terms used but not otherwise defined in this press release shall have the meanings given to them in the Results Announcement referred to above.

This press release is for information purposes only and must be read in conjunction with the Results Announcement and the Tender Offer Memorandum. No offer to buy or a solicitation of an offer to sell any securities is being made pursuant to this press release. The distribution of this press release, the Results Announcement, the Tender Offer Memorandum and/or any other materials relating to the Offer in certain jurisdictions may be restricted by law. Persons into whose possession this press release, the Results Announcement, the Tender Offer Memorandum and/or any other materials relating to the Offer come(s) are required by each of the Offeror, the Global Coordinator and Lead Dealer Manager, the additional Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions.

KBC Group NV	Press Office	KBC press releases are available at
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Tel. +32 2 429 85 45	E-mail: pressofficekbc@kbc.be	Stay up-to-date on all innovative solutions