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KBC Groep : KBC Group: KBC to repay first instalment of state aid received from Flanders in second half of 2013



  KBC Groep : KBC Group: KBC to repay first instalment of state aid received
                     from Flanders in second half of 2013

Press Release
Outside trading hours - regulated information*
Brussels, 1 July 2013

KBC has announced that it has decided to wait until the second half of this
year to repay the first instalment of aid received from the Flemish Regional
Government.

On 10 December 2012,  KBC announced its intention  to accelerate repayment  of 
1.17 billion euros of  state aid (plus  the penalty of  50%, which amounts  to 
0.58 billion euros) received from  the Flemish Regional Government, by  making 
this repayment  in the  first half  of 2013,  in advance  of the  deadline  of 
end-2013 agreed with the  European Commission. This  repayment was subject  to 
the customary approval  of the  National Bank  of Belgium,  which approved  it 
under the condition that a portion  of the Cera and/or KBC Ancora  shareholder 
loans would be transferred.

As KBC is in the process of  investigating the transfer of a portion of  these 
loans, it has decided to postpone repayment of the state aid until the  second 
half of this  year. Nevertheless, the  group still intends  to repay the  1.17 
billion euros (plus 50% penalty) early,  provided the conditions are right  to 
do so. Whatever the case,  KBC aims to fulfil  its commitment to the  European 
Commission to repay these  1.17 billion euros (plus  50% penalty)  before  the 
end of December 2013.

Johan Thijs, KBC Group CEO: 'We continue to look into the possible transfer of
a portion of the shareholder  loans, but we want  to do this under  conditions 
that clearly create value for all our shareholders. Given the short period  of 
time since the  request from the  National Bank  of Belgium, it  has not  been 
possible to achieve this before 30  June. We have, therefore, decided to  wait 
until the second half of  the year to repay the  1.17 billion euros (plus  the 
penalty of 0.58 billion  euros). Nevertheless, we still  intend to repay  this 
amount ahead of  schedule, provided  the conditions are  right to  do so.  But 
whatever the  case,  our aim  is  to fulfil  our  commitment to  the  European 
Commission to  repay 1.17  billion euros  (plus the  penalty of  0.58  billion 
euros) before the end of December 2013.'

Contact details

Wim Allegaert, General Manager, Investor Relations, KBC Group
Tel + 32 2 429 40 51 E-mail wim.allegaert@kbc.be

Viviane Huybrecht, General Manager, Corporate Communication & Company
Spokesperson, KBC                          Group
Tel + 32 2 429 85 45 E-mail pressofficekbc@kbc.be

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

KBC Group NV
Avenue du Port 2
1080 Brussels
Belgium


COM_ECL_VL_terugbetaling2013_ENG

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(i) the releases contained herein are protected by copyright and other
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information contained therein.

Source: KBC Groep via Thomson Reuters ONE
HUG#1713078
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