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  • US Residential Sub Prime Mortgages - Information center
    any losses even in case of further market deterioration Current market conditions provide opportunities for new attractive business In order to address the questions of the investment community on this subject both from an industry viewpoint and as a direct player in this field Dexia holds today a conference with analysts to review the situation in this market and give details about the exposure of its various units that are active on this class of assets A presentation is available on Dexia s and FSA s websites respectively www dexia com and www fsa com under the caption Sub Prime US Residential Mortgages Analysis and overview of Dexia Group s exposure Pursuant to the analysis made by Robert Cochran CEO of Dexia s subsidiary FSA Jacques Guerber Vice Chairman of Dexia s Management Board declared Strict credit disciplines along with the search for adequate returns on capital are the guiding criteria for underwriting risks and making investments FSA and Dexia have long expected problematic developments to arise in the MBS sphere and we have thus strongly reduced our underwritings and investments in the sub prime mortgages asset class over the last two and a half years The great majority of investments underwritings which were made were with AAA rated instruments Having looked closely at the current direct exposures and at the protections available on each different tranche of assets it is clear that they are not susceptible of causing any losses even in case of further deterioration of debtors default rates As high as they may be current default statistics stand very far away from those levels which would start hurting the tranches insured by FSA or held in its financial product portfolio nor those held in Dexia s credit spread portfolio Current conditions seem appropriate for the Group to

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/US-Residential-Sub-Prime-Mortgages.aspx (2016-01-08)
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  • Activity and results - Fourth quarter and Full Year 2006 - Information center
    from A to Z Video library Contact Shareholder Investor Dexia in short Financial results and reports Shareholder information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases Activity and results Fourth quarter and Full Year 2006 PRESS RELEASE Email Print Rollup Image 01 03 2007 Activity and results Fourth quarter and Full Year 2006 Page Content Strong progression of the results Download the

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Activit%C3%A9-et-r%C3%A9sultats---4%C3%A8me-trimestre-et-ann%C3%A9e-2006.aspx (2016-01-08)
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  • Land Berlin has mandated Dexia joint-bookrunner of its first 15-year jumbo bond issue - Information center
    Image 27 02 2007 Land Berlin has mandated Dexia joint bookrunner of its first 15 year jumbo bond issue Page Content Dexia Capital Markets has been mandated as joint bookrunner of Land Berlin s so far longest jumbo Landesschatzanweisung German domestic municipal bond This is Berlin s rated Aaa with Fitch and Aa1 with Moody s longest issue in public form as well as the first 15 year issue by a German Land since 1998 Dexia Capital Markets recently designated Municipal Bond House of the Year by its peers is proud to prove once more its innovation capacity with this long term benchmark issue comments Bruno Deletré Member of the Management Board of the Dexia group in charge of Public Finance The 4 250 EUR 750 million issue maturing on April 25th 2022 was priced at a yield of 4 346 equivalent to 2 basis points below the EUR swap rate curve 28 bp over the 10 year BUND 2017 and 17 bp over the OAT maturing in 2021 Secondary market liquidity of this bond will be provided by all syndicate members bound by strict market making rules Given its size liquidity and maturity this transaction will remain among the leading municipal benchmarks in Europe ISIN code DE000A0KAV21 Listing Berlin stock exchange Reaching longer maturities allows public sector issuers to better match their long term liabilities with their assets As such this transaction allows Berlin to optimise its financing structure while profiting from historically still low long rates and the flat yield curve This transaction was realised with the support of the debt management team of Dexia Kommunalbank in Berlin the German subsidiary of the Dexia group whose core business is public sector lending within Germany Leading world operator on the market for local public sector financing the Group has

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/land-berlin-has-mandated-dexia-joint-bookrunner-of-its-first-15-year-jumbo-bond-issue.aspx (2016-01-08)
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  • Dexia will publish its 4th quarter and Full year 2006 results on Thursday, March, 1 at 10.00 a.m. (Brussels/Paris time). - Information center
    information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases Dexia will publish its 4th quarter and Full year 2006 results on Thursday March 1 at 10 00 a m Brussels Paris time press release Email Print Rollup Image 26 02 2007 Dexia will publish its 4th quarter and Full year 2006 results on Thursday March 1 at 10 00 a m Brussels

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/dexia-will-publish-its-4th-quarter-and-full-year-2006-results-on-thursday-march-1-at-10-00-a-m-brussels-paris-time.aspx (2016-01-08)
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  • Sale of Dexia Banque Privée France to BNP Paribas - Information center
    02 2007 Sale of Dexia Banque Privée France to BNP Paribas Page Content Dexia confirms signature of an agreement relating to the sale of Dexia Banque Privée France DBPF to BNP Paribas This agreement follows the announcement on 14 December 2006 of exclusive discussions between Dexia and BNP Paribas The information and consultation procedure on the proposed sale mentioned in that announcement has been completed with the relevant corporate social bodies The DBPF works council gave its opinion in favour of the transaction To recall on 28 June 2006 Dexia had announced that it was studying various strategic options with regard to the future of DBPF as part of its ongoing review of its portfolio of activities and its policy of focusing on certain areas DBPF offers private banking services to private clients and non for profit organisations As at 31 December 2006 equity capital totalled EUR 117 million and client assets were almost EUR 3 billion DBPF has almost 200 employees the great majority of whom are based in Paris As a consequence of the sale of DBPF Dexia will post a total after tax gain of EUR 42 million The transaction is subject to approval being obtained from the relevant supervisory authorities Dexia a European banking group world leader in Public Project Finance The Dexia Group www dexia com was born in 1996 from the alliance of two major players in local public finance in Europe Crédit local de France and Crédit Communal de Belgique With a market capitalisation of EUR 23 8 billion at 31 December 2006 Dexia ranks among the twenty largest financial institutions in the euro zone It currently employs some 33 000 staff in about thirty countries Dexia enjoys one of the best credit ratings in the banking sector Dexia s development strategy is

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/sale-of-dexia-banque-priv%C3%A9e-france-to-bnp-paribas.aspx (2016-01-08)
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  • DEXIA settles and makes a provision for the american part of Lernout & Hauspie case - Information center
    was acquired by DEXIA in 2001 This procedure aimed to obtain a collective compensation for investors who bought shares of Lernout Hauspie Speech Products on the NASDAQ Stock Exchange in the period between August 19th 1998 and November 8th 2000 This procedure along with other procedures in the USA was initiated after it was made public that DEXIA Bank was incriminated in the Belgian criminal investigation of the case A class Action is an American legal procedure initiated by lawyers on behalf of an unknown group of allegedly aggrieved persons who find themselves in the same situation In the United States the vast majority of such cases are settled In the NASDAQ Class Action a settlement was reached whereby DEXIA Bank pays a lump sum of USD 60 million EUR 45 6 million in exchange for Plaintiffs to withdraw their claims and the termination of the procedure This settlement has yet to be approved by the US Court Another class action initiated on behalf of the shareholders of LHSP who bought their shares on the EASDAQ Stock Exchange has been dismissed by the District Court of Massachusetts on February 12th 2007 Besides these two class actions an individual action initiated by STONINGTON is terminated also following the conclusion of a settlement The respective settlements in the NASDAQ and STONINGTON cases as well as the provisions taken by DEXIA do not imply any recognition of liability by DEXIA who accordingly always has found it was being involved wrongly in this case and who will continue to voice its point of view thereupon The adequate provisions will be charged to the 2006 accounts in order to cover the residual risks linked to the American cases for which as yet no settlement has been concluded as well as for costs and legal fees

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/dexia-settles-and-makes-a-provision-for-the-american-part-of-lernout-hauspie-case.aspx (2016-01-08)
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  • 2007 Financial calendar - Information center
    calendar press release Email Print Rollup Image 01 02 2007 2007 Financial calendar Page Content Thursday 1 March Publication of the 2006 results Wednesday 9 May Annual Shareholders Meeting Wednesday 23 May Publication of the results as of March 31 2007 Thursday 24 May Payment of the 2006 dividend ex dividend date Thursday 30 August Publication of the results as of June 30 2007 Thursday 15 November Publication of the

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/2007-financial-calendar.aspx (2016-01-08)
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  • The Duisenberg Arrangement is granted binding force by the Amsterdam Court of Appeal - Information center
    Home Information center Press releases The Duisenberg Arrangement is granted binding force by the Amsterdam Court of Appeal press release Email Print Rollup Image 25 01 2007 The Duisenberg Arrangement is granted binding force by the Amsterdam Court of Appeal Page Content Today on January 25 2007 the Amsterdam Court of Appeal granted binding force to the Duisenberg Arrangement based on the Law on Collective Settlement of Mass Damage Dexia Bank Nederland and the Interest Groups foundations Leaseverlies and Eegalease the Consumentenbond Dutch Consumer s association and the Vereniging van Effectenbezitters Dutch Association of Security holders had reached as announced on April 29 2005 an agreement the Duisenberg Arrangement which provides for a global settlement for clients with share leasing products who ended or will end their contracts with a residual debt Pursuant to the Court of Appeal s judgement the application of the Law on Collective Settlement of Mass Damage will bind all concerned clients to the Duisenberg Arrangement as long as they do not opt out within a six month period This decision marks an important step in the resolution of the share leasing issue in the Netherlands see www dexia com press releases and activity reports Press

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/the-duisenberg-arrangement-is-granted-binding-force-by-the-amsterdam-court-of-appeal.aspx (2016-01-08)
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