KBC Groupe NV

Major Shareholding Notification • Sep 19, 2018

Press release Outside trading hours – Regulated information*

Brussels, 19 September2018, 8h00 CEST

Publication of transparency notification(s) received by KBC Group NV

(art. 14, 1 st section of the Act of 2 May 2007 concerning the disclosure of significant participations)

Summary of the notification(s)

KBC Group NV has received transparency notifications dd.14 September 2018 and 17 September 2018, which – as a result - state that BlackRock Inc. has crossed the reporting threshold of 5% (total voting rights and equivalent financial instruments) downwards.

Content of the notification(s)

The notification(s) contain(s) following information:

• Reason for the notification(s): acquisition or disposal of voting securities, voting rights or financial instruments that are treated as voting securities
• Notification(s) by: BlackRock Inc.
• Persons subject to the notification requirement: see annex 1
• Date(s) on which the threshold is crossed: 13 September 2018 and 14 September 2018
• Threshold that is crossed: 5% (downwards) (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): 415 897 567
• Notified details: see annex 1
• Chain of controlled undertakings through which the holding is effectively held: See "11: Full chain of controlled undertakings through which the holding is effectively held" in the PDF-file on www.kbc.com (see below).
• The relevant notification(s) is (are) available at www.kbc.com > Investor relations > Shareholder information > Shareholder structure.

For more information, please contact:

Kurt De Baenst, General Manager, Investor Relations, KBC Group E-mail: investor.relations@kbc.be

Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC Group 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

Check this document's authenticity at www.kbc.com/en/authenticity .

Follow us on www.twitter.com/kbc_group

Annex Notification dd. 14 September 2018

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
BlackRock, Inc.	0	0		0,00%
BlackRock (Netherlands) B.V.	40.470	38.966		0,01%
BlackRock (Singapore) Limited	11.210	11.210		0,00%
BlackRock Advisors (UK) Limited	1.911.292	1.911.035		0,46%
BlackRock Advisors, LLC	355.452	283.902		0,07%
BlackRock Asset Management Canada Limited	175.123	142.877		0,03%
BlackRock Asset Management Deutschland AG	1.541.475	1.549.073		0,37%
BlackRock Asset Management North Asia Limited	8.703	9.875		0,00%
BlackRock Capital Management, Inc.	124	0		0,00%
BlackRock Financial Management, Inc.	113.494	37.044		0,01%
BlackRock Fund Advisors	3.742.382	3.677.785		0,88%
BlackRock Institutional Trust Company, National Association	4.164.049	3.477.110		0,84%
BlackRock International Limited	145.359	62.468		0,02%
BlackRock Investment Management (Australia) Limited	79.008	72.492		0,02%
BlackRock Investment Management (UK) Limited	7.953.868	8.427.716		2,03%
BlackRock Investment Management, LLC	565.449	569.244		0,14%
BlackRock Japan Co., Ltd.	338.287	417.601		0,10%
BlackRock Life Limited	0	3.838		0,00%
Subtotal	21.145.745	20.692.236		4,98%
	TOTAL	20.692.236	0	4,98%	0,00%

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	Securities Lent			2.679	0,00%	physical
BlackRock Advisors (UK) Limited	Contract For Difference			1.794	0,00%	cash
BlackRock Advisors, LLC	Contract For Difference			44.481	0,01%	cash
BlackRock Financial Management, Inc.	Contract For Difference			4.042	0,00%	cash
BlackRock Institutional Trust Company, National Association	Contract For Difference			129.222	0,03%	cash
BlackRock Investment Management (UK) Limited	Contract For Difference			211	0,00%	cash
BlackRock Investment Management, LLC	Contract For Difference			58.793	0,01%	cash
TOTAL			241.222	0,06%

TOTAL (A & B)	# of voting rights % of voting rights
	CALCULATE	20.933.458	5,03%

Notification dd. 17 September 2018

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		Not linked to the securities
BlackRock, Inc.	0	0		0,00%
BlackRock (Netherlands) B.V.	38.966	38.966		0,01%
BlackRock (Singapore) Limited	11.210	11.210		0,00%
BlackRock Advisors (UK) Limited	1.911.035	1.866.628		0,45%
BlackRock Advisors, LLC	283.902	283.902		0,07%
BlackRock Asset Management Canada Limited	142.877	142.877		0,03%
BlackRock Asset Management Deutschland AG	1.549.073	1.547.221		0,37%
BlackRock Asset Management North Asia Limited	9.875	11.764		0,00%
BlackRock Financial Management, Inc.	37.044	37.050		0,01%
BlackRock Fund Advisors	3.677.785	3.678.626		0,88%
BlackRock Institutional Trust Company, National Association	3.477.110	3.464.661		0,83%
BlackRock International Limited	62.468	62.468		0,02%
BlackRock Investment Management (Australia) Limited	72.492	72.492		0,02%
BlackRock Investment Management (UK) Limited	8.427.716	8.136.241		1,96%
BlackRock Investment Management, LLC	569.244	571.379		0,14%
BlackRock Japan Co., Ltd.	417.601	395.824		0,10%
BlackRock Life Limited	3.838	0		0,00%
Subtotal	20.692.236	20.321.309		4,89%
TOTAL		20.321.309	0	4,89%	0,00%

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			1.794	0,00%	cash
BlackRock Advisors, LLC	Contract For Difference			44.481	0,01%	cash
BlackRock Financial Management, Inc.	Contract For Difference			4.042	0,00%	cash
BlackRock Institutional Trust Company, National Association	Contract For Difference			88.397	0,02%	cash
BlackRock Investment Management (UK) Limited	Contract For Difference			211	0,00%	cash
BlackRock Investment Management, LLC	Contract For Difference			58.793	0,01%	cash
BlackRock Investment Management, LLC	Depositary Receipts			26	0,00%	cash
	TOTAL			197.744	0,05%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	20.519.053	4,93%