Dexia : Dexia : Dexia and Sham enter into exclusive negotiations for the disposal of Sofaxis

   Dexia : Dexia : Dexia and Sham enter into exclusive negotiations for the
                             disposal of Sofaxis

Regulated information - Brussels, Paris, 5 June 2013 - 7.30 am

Dexia and Sham enter into exclusive negotiations for the disposal of Sofaxis

On Tuesday June 4^th, 2013, Dexia Crédit Local decided to enter into exclusive
negotiations with the  Société Hospitalière d'Assurances  Mutuelles (Sham),  a 
major provider of third party liability health insurance, leading a consortium
also including public  sector mutual  insurers, with  a view  to disposing  of 
Sofaxis. A subsidiary  of Dexia Crédit  Local, Sofaxis is  a French  insurance 
broker offering  life  protection  policies and  related  services  to  French 
municipalities and other local authorities.

The parties intend to achieve the discussions relating to the disposal of 100%
of the shares of Sofaxis  by the consortium led by  Sham in the coming  weeks, 
subject to an agreement on the contractual documentation and authorization  by 
the employee representative  bodies, in accordance  with the applicable  legal 
framework.

Press release

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Source: Dexia via Thomson Reuters ONE
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