Dexia : Dexia : Update on the disposal process initiated within the framework of the orderly resolution plan of the Dexia group

Dexia : Dexia : Update on the disposal process initiated within the framework
              of the orderly resolution plan of the Dexia group

Regulated information - Brussels, Paris, 28 June 2013 - 6:00 pm

Update on the disposal process initiated  within the framework of the  orderly 
resolution plan of the Dexia group

Following the opening  of exclusive  negotiations on  4 June  2013, and  after 
obtaining the opinions of the  staff representative bodies in accordance  with 
the  applicable  legislation,  Dexia  today  announces  the  signature  of  an 
agreement  to  sell  Sofaxis  between  Dexia  Crédit  Local  and  the  Société 
Hospitalière d'Assurances Mutuelles (Sham), the Mutuelle Générale  d'Education 
Nationale (MGEN) and the Mutuelle Nationale Territoriale (MNT), for an  amount 
of EUR 136 million.

This sale falls within the framework  of the Dexia Group's orderly  resolution 
plan, undertaken in October  2011. Finalisation of  this transaction is  still 
subject to  the approval  of the  regulatory competition  authorities and  the 
European Commission, and could  take place during the  third quarter of  2013. 
The impacts of this  disposal on the Dexia  Group's financial statements  will 
not be significant and will be communicated on finalisation of the sale.

Furthermore, Dexia  indicates that  finalisation of  the sale  of Dexia  Asset 
Management, which  was to  take place  by 28  June 2013,  has been  put  back. 
However, negotiations  to finalise  this transaction  will continue  with  GCS 
Capital.

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Source: Dexia via Thomson Reuters ONE
HUG#1712960
 
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