KBC Ancora SA — Major Shareholding Notification 2014

Sep 23, 2014

Regulated information, Leuven, 23 September 2014 (07.45 CET)

Cera and KBC Ancora extend their KBC Group "anchoring agreements"

Leuven, 23 September 2014. Cera and KBC Ancora, together with MRBB and other stable shareholders, have confirmed to extend their acting in concert with respect to the KBC Group for another term of 10 years. This way the shareholders concerned continue to ensure the shareholder stability and continuity of KBC Group.

Together with MRBB and Other Stable Shareholders (AVA's), Cera and KBC Ancora ensure the shareholder stability and continuity of KBC Group. To this end, a shareholders' agreement was signed on 23 December 2004 for an initial duration of 10 years. These arrangements are now extended, in an updated form, for another 10 years.

In this context, Cera, KBC Ancora, MRBB and Other Stable Shareholders (AVA's) will adhere to the shareholders' agreement with all their shares. As a result, the agreement will continue to group more than 30 % of all KBC Group shares. KBC Ancora is the most important shareholder of KBC Group holding 18,6 %. Cera has a direct stake of 2,7 %. Cera and its subsidiary KBC Ancora are considered to be a single party for the purpose of the agreement.

The exact number of shares to be brought under the agreement will be determined on 1 December 2014 when the extension enters into force and the competent bodies of all parties have taken the necessary decisions.

The syndicate's meeting meets at least 4 times a year and in any event before the General Meeting of KBC Group. The syndicate's meeting decides, amongst other things, on the voting behaviour of the shareholders concerned at the General Meeting of KBC Group NV. The meeting also issues non-binding recommendations related to certain matters within the powers of the Board of Directors of KBC Group NV or its subsidiaries. At the syndicate's meeting, every shareholder has as many votes as syndicated shares. Except for a limited number of decisions, the syndicate's meeting decides, in the absence of a consensus, by a majority of two thirds, it being understood that no shareholder group can block a decision.

Pre-emptive rights exist between the AVA's. The shares held by Cera, KBC Ancora and MRBB are freely transferable. By continuing the shareholders' agreement in an updated form, Cera and KBC Ancora confirm that they will continue to fulfil their role in the anchoring of KBC Group in the long-term future, together with MRBB and Other Stable Shareholders.

Franky Depickere declares: "We are very happy with the extension of the existing shareholders' concert. In this way, KBC Group may in the future continue to rely on a stable and locally anchored shareholdership, forming the basis for a sustainable further development and the creation of shareholder value in the long run. This extension moreover enables KBC Ancora and

Regulated information, Leuven, 23 September 2014 (07.45 CET)

Cera, together with other stable shareholders, to continue to fulfil their role in the anchoring of KBC Group under optimal circumstances over the next years."

About KBC Ancora

KBC Ancora is a listed company that holds 18,6 % of the shares of KBC Group and, together with Cera, MRBB and the Other Stable Shareholders ensures the shareholder stability and further development of KBC Group. As core shareholders of KBC Group, they have signed a shareholders' agreement to that end.

About Cera

More than 400.000 members invest together with Cera in the society and contribute to a strong cooperative. The cooperative values of Cera, cooperation, solidarity and respect for everyone, have been the basis for its entrepreneurship for more than 100 years. Thanks to the strength of the cooperative Cera creates economic and social added value in the following areas:

• Cera provides strong foundations for KBC Group
• Cera achieves social impact
• Cera offers its members unique reductions on products and services

This press release is available in Dutch, French and English on the website www.kbcancora.be and www.cera.be

KBC Ancora Investor Relations & Press contact: Jan Bergmans tel.: +32 (0)16 27 96 72 ; e-mail: jan.bergmans@kbcancora.be

Cera: Hilde Talloen, head Communication Tel.: +32 (0)16 27 96 79, e-mail: Hilde.Talloen@cera.be