Public subscription offer of 14,190,621 new shares with VVPR strips in the scope of a capital increase in cash with preferential subscription right (2007)

Main terms and conditions

Issue price :	Eur 84 per share with VVPR strip
Number of new shares :	14,190,621
Gross amount	Eur 1,192 million
of the capital increase :
Proportion :	1 new share with VVPR strip for 10 existing shares
Subscription periods :	From 14 to 28 June 2007 inclusive for the subscription with rights
Subscription right :	Coupon n° 9 separated from the underlying shares on 13 June 2007 after the closing of the stock exchange
Sale of non-exercised preference rights :	The scrips (representing the non-exercised preference rights) will be sold on 2 July 2007 through an accelerated private placement reserved to qualified investors
Payment of the subscribed shares :	On 2 July 2007 for the shares and the VVPR strips subscribed to with preferential subscription rights On 4 July 2007 for the shares and the VVPR strips subscribed to with scrips
Dividend entitlement of the new shares :	1st January 2007
Joint Lead Managers :	Fortis, ING, BNP Paribas
Co Lead Managers :	Calyon, KBC Securities
Paying Agents :	Fortis, ING, KBC Bank

Press release

Release in PDF format (74 kb)

Result of the subscription in PDF format (42 kb)

Prospectus

Transaction memorandum in PDF format (1197 kb)

Quotation

The preferential subscription right will be negotiable on Eurolist by Euronext Brussels during the subscription period from 14 to 28 June 2007 inclusive.

The new shares and the VVPR strips will be listed on Eurolist by Euronext Brussels:

• In principle on 2 July 2007 for the shares and the VVPR strips subscribed to with preferential subscription rights
• In principle on 4 July 2007 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