KBC Groupe NV

Major Shareholding Notification • Jul 13, 2017

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1) Status of the notification

2) Issuer

	Name KBC GROUP
Identification number 0403-227-515

3) Reason for the notification

Acquisition or disposal of voling securities or voting rights

4) Notification by

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.	Rembrandt Tower, 17th floor, Arnstelpiein, Arnsterdam, Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapore, 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) Please continue entering the information in part if concerning the persons referred to in Sections 5 and 6 Part II

7) Date on which the threshold is crossed

04/07/2017 (DD/MM/YYYY)

8) Threshold that is crossed (in %)

5

9) Denominator

418,372,082

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 voling rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.	٥	$\mathbf 0$		$0.00\%$
BlackRock (Netherlands) B.V.	178,345	35,940		0.01%
BlackRock (Singapore) Limited	0	14.975		0.00%
BlackRock Advisors (UK) Limited	295.900	2.214.337		0.53%
BlackRock Advisors, LLC	606.505	271,644		0.06%
BlackRock Asset Management (Schweiz) AG	1,219	$\bullet$		0.00%
BlackRock Asset Management Canada Limited	99.025	114,748		0.03%
BlackRock Asset Management Deutschland AG	1.074,157	1.435.572		0.34%
BlackRock Asset Management North Asla Limited	1,804	4,376		0.00%
BlackRock Financial Management, Inc.	537.378	85.845		0.02%
BlackRock Fund Advisors	3,091,122	3,587,961		0.86%
BlackRock Institutional Trust Company. National Association	3,674,886	3,652,455		0.67%
BlackRock International Limited	315,407	143.157		0.03%
BlackRock Investment Management (Australia) Limited	$\circ$	75,562		0.02%
BlackRock Investment Management (UK) Limited	1,944,605	8,276,466		1.98%
BlackRock Investment Management, ЩC	386,107	542.529		0.13%
BlackRock Japan Co., Ltd.	428.376	430.129		0.10%
IShares (DE) I Investmentaktlengesellschaft mit Teilvermögen	115,356	$\mathbf 0$		0.00%
BlackRock Asset Management Ireland Limited	631,178	$\mathbf{0}$		0.00%
BlackRock (Luxembourg) S.A.	4,720,656	$\circ$		0.00%
BlackRock Fund Managers Limited	1,482.987	$\bullet$		0.00%
BlackRock Investment Management (Australia) Ltd	66.281	$\Omega$		0.00%
BlackRock Life Limited	799,286	$\mathbf 0$		0.00%
Subtotal	20,650,780	20,885,696		4.99%
TOTAL		20.885.696	$\bullet$	4.99%	0.00%

Example 1 Start with "groups" of holders. Add subtotals with $\sum$ , and then finish with the persons who are "alone".
For groups, start with the ultimate controlling natural person or legal entity.
The totals, subtotals

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	Contract For Difference			1,206	0.00%	cash
BlackRock Advisors, LLC	Contract For Difference			162	0.00%	cash	۰
BlackRock Institutional Trust Company, NContract For Difference				136,233	0.03%	cash	٠
BlackRock International Limited	Contract For Difference			5,958	0.00%	cash	$\qquad \qquad \blacksquare$
BlackRock Investment Management (UK Contract For Difference				132,342	0.03%	cash	۰
BlackRock Investment Management, LLDContract For Difference				5,394	0.00%	cash	۰
BlackRock Investment Management, LLCDepository Receipt				1,809	0.00%
BlackRock Japan Co., Ltd.	Securities Lent			4,950	0.00%	physical	$+$
	TOTAL			288,054	0.07%

The totals will be updated once you have clicked on

$\vert$ TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	21,173,750	5.06%

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

12) In case of proxy voting for only one GM

Holder	_ __ ____	cease to hold / hold again الممد 44.110	__	voting rights as of	1000000000000000000000000000000000000 __ ---------------------------

13) Additional information

The disclosure obligation arose due total holding in voting rights for BlackRock, inc. going above 5%

Done at 12 Throgmorton Avenue, London EC2N 2DL, U.K.
Oп	06/07/2017 (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.