KBC Groupe NV

Major Shareholding Notification • Aug 23, 2018

Press release Outside trading hours – Regulated information*

Brussels, 23 August 2018, 17h30 CEST

Publication of transparency notification(s) received by KBC Group NV

(art. 14, 1st section of the Act of 2 May 2007 concerning the disclosure of significant participations)

Summary of the notification(s)

KBC Group NV has received a transparency notification dd. 14 August 2018, which states that FMR LLC has crossed the reporting threshold of 3% (voting rights) downwards.

Content of the notification(s)

The notification(s) contain(s) following information:

• Reason for the notification(s): acquisition or disposal of voting securities or voting rights
• Notification(s) by: FMR LLC
• Persons subject to the notification requirement: see annex 1
• Date(s) on which the threshold is crossed: 10 August 2018
• Threshold that is crossed: 3% (KBC Group's Articles of Association set a notification threshold of 3% of the total number of voting rights. In addition, the legal thresholds of 5% or any multiple thereof also apply)
• Denominator (number of shares KBC Group NV): 415 897 567
• Notified details: see annex 1
• Chain of controlled undertakings through which the holding is effectively held: See "11: Full chain of controlled undertakings through which the holding is effectively held" in the PDF-file on www.kbc.com (see below).
• The relevant notification(s) is (are) available at www.kbc.com > Investor relations > Shareholder information > Shareholder structure.

For more information, please contact:

Kurt De Baenst, General Manager, Investor Relations, KBC Group E-mail: investor.relations@kbc.be

Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC Group E-mail: pressofficekbc@kbc.be

* This press release contains information provided in compliance with European transparency legislation for listed companies. KBC Group NV is listed at NYSE Brussels.

KBC Group NV Havenlaan 2 – 1080 Brussels Viviane Huybrecht General Manager, Corporate Communication/ Spokesperson Tel. + 32 2 429 85 45

Press Office Tel. + 32 2 429 65 01 Tel. + 32 2 429 29 15 Fax + 32 2 429 81 60 E-mail:pressofficekbc@kbc.be KBC press releases are available at www.kbc.com or can be obtained by sending an e-mail to pressofficekbc@kbc.be

Check this document's authenticity at www.kbc.com/en/authenticity .

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Annex Notification dd. 10 August 2018

A) Voting rights	Previous notification # of voting rights	After the transaction
		# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
FMR LLC	0
Crosby Advisors LLC	40,455
FIAM LLC	504,983
Fidelity Institutional Asset Management Trust Company	841,802
FMR Co., Inc.	9,424,922
FMR Investment Management (UK) Limited	1,795,802
Strategic Advisers LLC	23
Subtotal	12,607,987
TOTAL

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
	TOTAL

TOTAL (A & B)	# of voting rights % of voting rights
	CALCULATE