ageas SA/NV — Major Shareholding Notification 2012

May 3, 2012

FORM TR-1 BE PART1

1) Status of the notification

⊷ l Final

Name AGEAS SA/NV
Identification number 0451-406-524

3) Reason for the notification

Acquisition or disposal of voting securities or voting rights

4) Notification by

2) Issuer

A person that notifies alone

5) Persons subject to the notification requirement

Name (& legal form for legal persons)	Address (for legal persons)
Franklin Mutual Advisers, LLC	101 John F. Kennedy Parkway, Short Hills, NJ 07078, U.S.A. _________

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

Name (& legal form for legal persons)	Address (for legal persons)
	------------------

Please continue entering the information in part II concerning the
persons referred to in points 5 and 6

7) Date on which the threshold is crossed

30/04/2012 (DD/MM/YYYY)

8) Threshold that is crossed (in %)

3

If the holding has fallen below the lowest threshold, you have the option of not filling in point 10

9) Denominator

2,623,380,817

Please enter the denominator before filling in the data

10) Notified details

A) Voting 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
Franklin Mutual Advisers, LLC		78.594.472	78.594.472	3.00%	3.00%
subtotal		78,594,472	378.594.472	3.00%	3.00%
	TOTAL	78,594,472	78.594.472	3.00%	3.00%
			Start with "groups" of holders. Calculate subtotals and then finish with the
			persons who are "alone".
		The totals, subtotals and % will be updated once you have clicked on

(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
TOTAL		(in relation to all expiration dates)		0	0.00%

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial linstruments)	# of voting rights	% of voting rights
	78.594.472	3.00%

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

Please describe, or join a diagram in attachment

Franklin Mutual Advisers, LLC is an indirect wholly-owned subsidiary of Franklin Resources, Inc.

12) In case of proxy voting for only one GM

Holder

will cease to hold /
will hold again

voting rights as of

$|0|$

13) Additional information

	(A) Convertible bonds and rights to subscribe to voting securities not yet issued
Holder	Type of financial instrument	Expiration date (DD/MM/YYYY)	Exercise/Conversion period or date	Number	# of voting rights that may be acquired if the instrument is exercised/converted
B) Shares without voting rights
Holder	Number
C) Remarks of 14 February 2008.	Franklin Mutual Advisers, LLC makes use of the exemption from the obligation to aggregate its holdings as referred to in Article 11, paragraph 2 of the Law of 2 May 2007 and Article 21 of the Royal Decree
Done at
On	Fort Lauderdale, Florida, U.S.A.	1/05/2012 (DD/MM/YYYY)
Name & capacity	II ori A. Weber, Assistant Secretary, Franklin Resources, Inc.		Signature