KBC Groupe NV

Major Shareholding Notification • Sep 12, 2017

Press release Outside trading hours – Regulated information*

Brussels, 11 September 2017, 18 h

Publication of a transparency notification 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

KBC Group NV has received two transparency notifications dated 4 September 2017 and 7 September 2017, respectively, which state that FMR LLC (Fidelity), as a result of a net disposal and purchase of shares, first crossed the reporting threshold of 3% downwards (notification of 4 September) and then upwards (notification of 7 September).

Content of the notification

The notifications contain following information:

• Reason for the notification: acquisition or disposal of voting securities or voting rights
• Notification by: FMR LLC (Fidelity)
• Persons subject to the notification requirement: see annex 1
• Date on which the threshold is crossed: 1 September 2017 and 5 September 2017, respectively
• Threshold that is crossed: 3% downwards and 3% upwards, respectively (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): 418 372 082
• Notified details: see annex 1
• Chain of controlled undertakings through which the holding is effectively held: "The holdings attributed to FMR LLC arise from holdings of various undertakings for collective investment that are managed by FMR Co, Inc, Fidelity Institutional Asset Management Trust Company, FMR INVESTMENT MANAGEMENT (UK) LIMITED, STRATEGIC ADVISORS INC and FIAM LLC, each of which are entities that are subsidiaries of and controlled by FMR LLC. These undertakings for collective investment have granted FMR LLC discretionary power to vote the securities in accordance with the FMR LLC board proxy voting policy. FMR LLC is not a controlled undertaking."
• The relevant notification is available at www.kbc.com > Investor relations > Shareholder information > Shareholder structure.

For more information, please contact:

Wim Allegaert, General Manager, Investor Relations, KBC Group Tel + 32 2 429 50 51 – E-mail: wim.allegaert@kbc.be

Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC Group Tel + 32 2 429 85 45 – 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

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Annex 1

a) Notification dated 4 September 2017

A) Stemrechten Voting rights	Vorige notificatie (aantal stemrechten) Previous notification (number of voting rights)	Na de transactie After the transaction
		Aantal stemrechten Number of voting rights		% van stemrechten % of voting rights
		Gelinked aan	Niet gelinked aan	Gelinked aan	Niet gelinked
		effecten	effecten	effecten	aan effecten
		Linked to	Not linked to	Linked to securities	Not linked to
		securities	securities		securities
FIAM LLC		715 365	-	0.17%	-
Fidelity Institutional Asset Management Trust Company		817 343	-	0.20%	-
FMR CO., INC		9 249 160	-	2.21%	-
FMR Investment Management (UK) Limited		1 744 390	-	0.42%	-
Strategic Advisors, INC		59	-	0.00%	-
Fidelity Selectco, LLC		135	-	0.00%	*
Totaal		12 526 452	-	2.99%	-
Total
B) Equivalente			None
financiële instru menten (equivalent

b) Notification dated 7 September 2017

financial instruments)

B) Stemrechten Voting rights	Vorige notificatie (aantal stemrechten) Previous notification (number of voting rights)	Na de transactie After the transaction
		Aantal stemrechten Number of voting rights		% van stemrechten % of voting rights
		Gelinked aan	Niet gelinked aan	Gelinked aan	Niet gelinked
		effecten	effecten	effecten	aan effecten
		Linked to	Not linked to	Linked to securities	Not linked to
		securities	securities		securities
FIAM LLC	715 365	732 885	-	0.18%	-
Fidelity Institutional Asset Management Trust Company	817 343	874 866	-	0.21%	-
FMR CO., INC	9 249 160	9 249 311	-	2.21%	-
FMR Investment Management (UK) Limited	1 744 390	1 744 390	-	0.42%	-
Strategic Advisors, INC	59	59	-	0.00%	-
Fidelity Selectco, LLC	135	135	-	0.00%	*
Totaal		12 601 646	-	3.01%	-
Total
B) Equivalente financiële instru menten (equivalent	None
financial instruments)