ageas SA/NV — Board/Management Information 2005

Nov 25, 2005

Press release

Brussels/Utrecht, 25 November 2005

FORTIS BANK

Solid partners, flexible solutions

Fortis Bank strengthens Board and Management Committee

Fortis Bank has today made several appointments that will come into effect on 1 January 2006. These concern the Board of Directors and the Management Committee of Fortis Bank NV, the umbrella structure that encompasses all Fortis's banking operations, both within and outside the Benelux region.

'The new members will bring in additional international experience,' says Herman Verwilst, Chairman of Fortis Bank's Management Committee. 'These management bodies have a vital part to play in the growth of our banking activities throughout Europe and in specific markets in Asia and North America.'

Joining Fortis Bank's Management Committee are Alain Deschênes (Chief Information Officer Fortis) and Luc Henrard (Chief Risk Officer Fortis). They replace Jean-Pierre Cardinael (retires in January 2006) and Patrick Evrard (moved to a new post outside Fortis in October 2005).

Alain Deschênes (46), is, since 1 February 2005, Chief Information Officer (CIO) of Fortis, and reports directly to the Chief Operating Officer (COO). He is a Canadian national, has a BSc in Computer Science from the University of Montreal and has completed the London Business School's Executive Management Development Programme. Prior to joining Fortis, he was Vice-President and Director of the Boston Consulting Group in Paris and London. Before that he was CIO at Alcatel and Deputy CIO at Group BNP Paribas, responsible for IT Operations and Global Infrastructure. As CIO of Fortis, he is responsible for vision, strategy, leadership and management at Information Systems & Technology.

Luc Henrard (49) is Fortis's Chief Risk Officer and he reports directly to the Chief Operating Officer (COO). He is a Civil Engineer (UCL) by training and also holds a Master of Business Administration degree from the Catholic University of Leuven (KUL). Prior to his current position, Luc headed the dealing room of former Generale Bank in Tokyo, was secretary to the ALM Committee, headed the ALM department of Generale Bank, and was a member of Fortis Bank's Credit Management Team. Luc has spent the last six years at corporate level constructing an internal risk, capital and value management framework for the entire Fortis organisation. He teaches Risk Management at the Facultés Universitaires Notre Dame de la Paix (Namur) and at the Université Catholique de Louvain (UCL).

Lode Beckers has joined Fortis Bank's Board of Directors in an independent capacity. He has also been appointed a member of the audit committee.

Lode Beckers (55) graduated in Law and Political Sciences from the Catholic University of Louvain and has pursued a career in the financial sector, including 28 years with Citibank in seven different countries and a Paris-based private bank. He founded his own consultancy firm, which focuses on EU-related strategic and organisational matters.

Fortis Bank Warandeberg 3 1000 Brussel België

Archimedeslaan 6 3584 BA Utrecht Nederland

www.fortis.com

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Fortis Bank is part of Fortis, an integrated financial services provider active in the fields of banking and insurance. With a market capitalization of EUR 30.9 billion (31/10/2005) and around 55,000 employees, Fortis ranks in the top 20 of European financial institutions. In its home market, the Benelux countries, Fortis occupies a leading position which it aims to develop and bolster. Fortis is drawing on the expertise it has acquired in its home market to realize its European ambitions via growth platforms. Fortis also operates successfully worldwide in selected activities. In specific countries in Europe and Asia it effectively exploits its know-how and experience in bancassurance. Fortis is listed on the exchanges of Amsterdam, Brussels and Luxembourg and has a sponsored ADR programme in the United States. More information is available on www.fortis.com

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