Public subscription offer of 8,867,613 new shares with VVPR strips in the scope of a capital increase in cash with preferential subscription right

Main terms and conditions

Issue price :	Eur 80 per share with VVPR strip
Number of new shares :	8,867,613
Gross amount	Eur 709.4 million
of the capital increase :
Proportion :	1 new share with VVPR strip for 15 existing shares
Subscription periods :	From 6 to 20 April 2006 inclusive for the subscription with rights From 26 April to 2 May 2006 inclusive for the subscription with scrips
Subscription right :	Coupon n°6 separated from the underlying shares on 5 April 2006 after the closing of the stock exchange
Payment of the subscribed shares :	On 26 April 2006 for the shares and the VVPR strips subscribed to with preferential subscription rights On 5 May 2006 for the shares and the VVPR strips subscribed to with scrips
Dividend entitlement of the new shares :	1st January 2006
Paying agents :	Fortis and ING banque

Press release

Release in PDF format (26 kb)

Prospectus

Prospectus including the two following documents:

Transaction memorandum in PDF format (181 kb)

Registration document in PDF format (1,711 kb)

To read this document in PDF format, you need the Acrobat Reader program.

Quotation

The preferential subscription right was negotiable on Euronext Brussels during the subscription period from 6 to 20 April 2006 inclusive.

The new shares and the VVPR strips are listed on Euronext Brussels

• Since 26 April 2006 for the shares and the VVPR strips subscribed to with preferential subscription rights
• Since 5 May 2006 for the shares and the VVPR strips subscribed to with scrips

ISIN code of the new shares: BE0003797140
ISIN code of the VVPR strips: BE0005588596