KBC Groep : KBC Group: KBC Bank NV perpetuals not being redeemed early

    KBC Groep : KBC Group: KBC Bank NV perpetuals not being redeemed early

Press release - Outside trading hours - Regulated information*

Brussels, 29 April 2013

KBC Bank NV does not intend to  redeem early the perpetuals issued to  private 
investors in 2008 on the first call date scheduled in 2013. The securities  in 
question are the KBC Bank 8% Perp  NC5 Tier-1 hybrids (issues of 1.25  billion 
euros and 700  million euros, respectively),  which - in  accordance with  the 
relevant prospectus - could have been redeemed early on 14 May 2013 and 2 June
2013, respectively. These securities are currently trading (offer prices at  1 
p.m.) at 102.125% and 101.60%, respectively, of their face value.

One of the terms of the refocused strategy agreed with the European Commission
in 2009 was that KBC would not exercise this call right until the end of 2013.

Every decision on  whether to redeem  the securities early  is also  evaluated 
in-house by KBC as part of its priority to maintain solid capital buffers  now 
and in the years ahead, even when EU restrictions are lifted.

Despite the volatility  on the  financial markets in  recent years,  investors 
have always  received payment  in  accordance with  the terms  and  conditions 
specified in the prospectus, receiving a coupon of 8% for both issues in 2009,
2010, 2011 and  2012. The decision  not to  exercise the call  right will  not 
affect payment of the coupon in any way whatsoever and investors will be  paid 
an 8% coupon this year again. KBC does not currently see any reason why  these 
payments should be called into question  in the years ahead and will  continue 
to evaluate the annual call option each year.

Investors holding these  securities who  are still  considering selling  their 
investment are welcome to contact their  KBC Bank branch. KBC will then  check 
whether a counterparty on  the secondary market is  prepared to acquire  these 
securities and at what terms.

*This press  release  contains information  provided  in compliance  with  the 
European transparency legislation for listed companies

KBC Group NV, Havenlaan 2, 1080 Brussels

KBC press releases are available at www.kbc.com or can be obtained by sending
an e-mail to pressofficekbc@kbc.be



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Source: KBC Groep via Thomson Reuters ONE
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