KBC Groupe NV

Major Shareholding Notification • Jul 13, 2017

1) Status of the notification

Final

2) Issuer

Name KBC GROUP
Identification number 0403-227-515

3) Reason for the notification

Acquisition or disposal of voling secunties or voting rights

4) Notification by

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A parent undertaking or a controlling person

5) Persons subject to the notification requirement

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Flembrandt Tower, 17th Iloor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapora, 79912, Singapore
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	100 Bellevue Parkway, Wilmington, DE, 19809, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG	Max-Joseph-Straße 6, Munich, 80333, Germany
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
	BlackRock Investment Management (Australia) Limited Level 37. Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC	1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

6) Persons that dispose of voting rights (only to be filled in if art. 7 of the Law applies)

Name Address (for legal entities) ¹ Please continue entering the information in part il concerning the
persons referred to in Sections 5 and 6 Part II 7) Date on which the threshold is crossed 10/07/2017 (DD/MM/YYYY) 8) Threshold that is crossed (in 5a)

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÷, $\overline{a}$ $\overline{\phantom{0}}$ Ļ l. ÷ $\overline{a}$ $\overline{a}$ E . $\overline{\phantom{a}}$

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9) Denominator

418,372,082

Please enter the denominator bafore filling in the data

10) Notified details

A) Voling rights	Previous notification	After the transaction
	# of voting rights		# 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
BlackRock, Inc.	O	0		0.00%
BlackRock (Netherlands) B.V.	35.940	35.940		0.01%
BlackRock (Singapore) Limited	14,975	11.328		0.00%
BlackRock Advisors (UK) Limited	2,214,337	1.882.584		0.45%
BlackRock Advisors, LLC	271.644	277.183		0.07%
BlackRock Asset Management Canada Limited	114,748	114.748		0.03%
BlackRock Asset Management Deutschland AG	1,435,572	1.484,512		0.35%
BlackRock Asset Management North Asia Limited	4.376	2.091		0.00%
BlackRock Financial Management, Inc.	85.845	61.314		0.02%
BlackRock Fund Advisors	3.587.961	3.650.872		0.87%
BlackRock Institutional Trust Company, National Association	3,652.455	3.658.340		0.87%
BlackRock International Limited	143,157	143 157		0.03%
BlackRock Investment Management (Australia) Limited	75.562	76.311		0.02%
BlackRock Investment Management (UK) Limited	8.276.466	8.196.682		1.96%
BlackRock Investment Management, LLC	542.529	548.427		0.13%
BlackRock Japan Co Ltd	430,129	408.069		0.10%
Subtotal	20,885,696	20,571,558		4.92%
TOTAL		20.571.558	$\mathbf 0$	4.92%	0.00%

Start with "groups" of holders, Add subtotals with $\sum$ , and then finish with the persons who are "alone".
For groups, start with the utlimate controlling natural person or legal unity.
The totals, subtotals and ", will be

ò.

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
BlackRock Advisors (UK) Limited	Securities Lent			3,305	0.00%	physical
BlackRock Japan Co., Ltd.	Securities Lent			28.722	0.01%	physical
BlackRock Advisors (UK) Limited	Contract For Difference			1,206	0.00%	cash	$\equiv$
BlackRock Advisors, LLC	Contract For Difference			162	0.00%	cash	۰
BlackRock Institutional Trust Company Mational Association	Contract For Difference			117,460	0.03%	cash	٠
BlackRock International Limited	Contract For Difference			4,089	0.00%	cash	۰
BlackRock Investment Management (UK) Limited	Contract For Difference			88.072	0.02%	cash	۰
BlackRock Investment Management, LLC.	Contract For Difference			6,030	0.00%	cash	×
BlackRock Investment Management, LLC.	Depository Rectript			1,809	0.00%		$+$
	TOTAL			250,855	0.06%

The fotals will be updated once you have clicked on

----- TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	20,822,413	4.98%

11) Full chain of controlled undertakings through which the holding is effectively held, if applicable

Please see the full chain of control in "Chain of Control" tab

12) In case of proxy voting for only one GM

Holder	will cease to hold / will hold again	(DD/MM/YYYY) voting rights as of
13) Additional information
The disclosure obligation arose due total holding in voting rights for BlackRock, Inc. going below 5%

	Done at 12 Throgmorton Avenue, London EC2N 2DL, U.K.
On		12/07/2017 (DD/MM/YYYY)
	Name & capacity Laurel Clark, Vice President		Signature

11) Full chain of controlled undertakings through which the holding is effectively held, if applicable

Name

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock Asia-Pac Holdco, LLC BlackRock HK Holdco Limited BlackRock Cayco Limited BlackRock Trident Holding Company Limited BlackRock Japan Holdings GK BlackRock Japan Co., Ltd.

BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC

BlackRock, Inc.

BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock International Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc.

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock Asia-Pac Holdco, LLC BlackRock HK Holdco Limited BlackRock Asset Management North Asia Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock Asset Management Deutschland AG

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Canada Holdings LP BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Advisors (UK) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock (Singapore) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock (Netherlands) B.V.

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