Dexia : Dexia : Transparency declarations - New denominator

         Dexia : Dexia : Transparency declarations - New denominator

Regulated information* - Brussels, Paris, 10 January 2013 - 6:30 pm

Transparency declarations - New denominator

Following the Dexia SA capital increase on 31 December 2012, and in accordance
with Law of 2  May 2007 regarding the  disclosure of major shareholdings,  the 
new data concerning the capital of Dexia SA are as follows:

· Capital: EUR 6,000,000,000.00

· Total number of shares with voting rights: 30,896,352,895

· Total number of voting rights (= denominator): 30,896,352,895

· Number of shares with voting rights per category:

 1,948,984,474 shares class A

28,947,368,421 shares class B

· Number of subscription rights (warrants): 60,386,178

· Number of own shares: 324,634



In accordance with the Law of 2 May 2007 regarding the disclosure of major
shareholdings, Dexia SA has received several transparency declarations the
details of which are listed below and published at www.dexia.com/.

Notification from shareholders linked by an agreement, concluded on 30  August 
2007, under the terms of which  they are deemed to constitute "persons  acting 
in concert" within the meaning of the interim provisions of the Belgian Law on
public takeover bids,  referring to  the termination of  the concerted  action 
agreement with effect as  at 31 December 2012,  and referring to the  downward 
crossing of  the minimum  threshold of  1%, except  the Caisse  des Dépôts  et 
Consignations.

Total number of   Previous                      Post-transaction
Dexia SAshares:  notification
30,896,352,895
Holders of voting # voting rights    # voting rights      % of voting rights
rights
                                  Attached to    Not      Attached     Not
                                    shares     attached  to shares   attached
                                              to shares             to shares
Arcopar SCRL in      1,620,738                    0
liquidation
(Av Urbain
Britsiers 5, 1030
Bruxelles)
Arcoplus SCRL in      731,725                     0
liquidation
(Av Urbain
Britsiers 5, 1030
Bruxelles)
Arcofin SCRL in     202,066,322                   0
liquidation
(Av Urbain
Britsiers 5, 1030
Bruxelles)
Arcosyn SA in         810,587                     0
liquidation
(Av Urbain
Britsiers 5, 1030
Bruxelles)
Auxipar SA           1,153,844
(Av Urbain
Britsiers 5, 1030
Bruxelles)
Sous total          206,383,216                   0
Vitrufin SA,        98,235,361                    0
ex-Ethias Finance
SA
(Rue des
Croisiers 24,
4000 Liège)
Ethias SA             55,290                      0
(Rue des
Croisiers 24,
4000 Liège)
Sous total          98,290,651                    0
Holding Communal    251,900,533                   0
SA in liquidation
(Drève Ste Anne
68b, 1020
Bruxelles)
Caisse des dépôts   343,286,618                   0        1.11%        0%
et consignations
(Rue de Lille 56,
75356 Paris)
CNP Assurances SA   57,715,526                    0
(Place Raoul
Dautry 4, 75716
Paris)
                                     # voting rights      % of voting rights
TOTAL                                  343,286,618               1.11%


The concerted action ended on 31 December 2012. In addition, the entities of
the Arco Group in liquidation indicate that, by letter dated 28 November 2012,
Belfius Bank & Insurance instructed Arcofin SCRL in liquidation to exercise
the voting rights attached to the pledged Dexia shares at the Extraordinary
Shareholders' Meeting held on 21 December 2012. Following objection arising
from that instruction and of which Belfius Bank & Insurance was informed, the
entities of the Arco Group in liquidation informed Belfius Bank & Insurance on
4 December 2012 of their position, from which it emerges in particular that
the voting rights attached to all the shares held in Dexia are attributed to
Belfius Bank & Insurance.

Notification from the Société Fédérale de Participations et d'Investissement
("SFPI") which crossed the threshold of 50% upwards.

Total number of   Previous                     Post-transaction
Dexia SAshares:  notification
30,896,352,895
Holders of voting # voting            # voting rights      Holders of voting
rights            rights                                   rights
                                   Attached to      Not    Attached     Not
                                     shares      attached  to shares attached
                                                 to shares           to shares
SFPI               413,682,356   15,453,804,262      0      50.02%
(Av Louise, 32
bte4, 1050
Bruxelles)
                                     # droits de vote      % de droits de vote
TOTAL                                 15.453.804.262             50,02%


The SFPI is held 100% by the Belgian State and acts as delegated on behalf of
the latter.

The Extraordinary Shareholders' Meeting of Dexia SA held on 21 December
2012decided to proceed with a capital increase the effective realisation of
which was recorded on 31 December 2012. Acting as delegate, within that
context the SFPI subscribed to 15,342,105,263 Dexia SA shares. The voting
rights attached to the shares pledged by Holding Communal SA in liquidation
and Arcofin SCRL in liquidation in favour of Belfius Bank SA, itself held 100%
less 5,000 shares by the SFPI acting as delegate, were included in the
previous declaration made on 30 November 2012 when Belfius Bank SA made use of
its contractual right to give mandatory voting instructions concerning those
shares. At this stage Belfius Bank SA no longer intends to exercise that right
and the voting rights attached to the shares pledged in favour of Belfius Bank
SA are consequently no longer included in the present declaration.

Notification from the French State (Agence de Participations de l'Etat) and
the Société de Prise de Participation de l'Etat ("SPPE") which crossed the
threshold of 40% upwards.

Total number of   Previous                     Post-transaction
Dexia SAshares:  notification
30,896,352,895
Holders of voting # voting            # voting rights      Holders of voting
rights            rights                                   rights
                                   Attached to      Not    Attached     Not
                                     shares      attached  to shares attached
                                                 to shares           to shares
French State            0        13,605,263,158      0      44.04%
(APE)
(Ministère des
Finances, rue de
Bercy 139, 75012
Paris)
SPPE               111,698,999     111,698,999               0.36%
(Rue de Bercy
139, 75012 Paris)
                                      # voting rights      % of voting rights
TOTAL                                 13,716,962,157             44.40%


The Société de Prise de Participation de l'Etat is held 100% by the French
State. The Agence des Participations de l'Etat is a national department of the
French State which does not have its own legal personality separate from that
of the French State.
The Extraordinary Shareholders' Meeting of Dexia SA held on 21 December
2012decided to proceed with a capital increase the effective realisation of
which was recorded on 31 December 2012. Within that context the French State
(Agence de Participations de l'Etat) subscribed directly to 13,605,263,158
Dexia SA shares. Moreover, the holding held by the SPPE was diluted by less
than 1% of the voting rights of Dexia SA.

Declaration by the Walloon Region, (C/O Fiwapac, av. Maurice Destenay 13, 4000
Liège) which passively crossed the minimum threshold of 1% downwards.



* Dexia  is a  limited company  listed on  a regulated  market  (NYSE-Euronext 
Brussels and NYSE-Euronext Paris). This press release contains information the
dissemination of which is governed by the Royal Decree dated 14 November  2007 
relating to the obligations  of issuers of financial  instruments listed on  a 
regulated market.



For more information: www.dexia.com

Press release

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Dexia via Thomson Reuters ONE
HUG#1669686
 
Press spacebar to pause and continue. Press esc to stop.