KBC Groep (EBR:KBC) KBC : Non Material Exposure To Madoff

KBC Groep (EBR:KBC) Regulated information* - 15 December 2008 (after trading hours)

Following the fraud revealed by Madoff Investment Securities LLC, the KBC group states it has no direct exposure to Madoff Investment Securities.

Its indirect exposure through collateralised loans to funds (of funds) is immaterial to KBC's earnings. KBC has made some loan advances to institutional customers who have invested in funds managed by Madoff Investment Securities, but does not expect this to have any indirect material impact, either.

* This news item contains information that is subject to the transparency regulations for listed companies.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/133947/R/1277646/284879.pdf

KBC Groep

http://www.kbc.com

ISIN: BE0003565737

Stock Identifier: XBRU.KBC

US: KBC.BR