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Dexia : Dexia : Termination of negotiations with GCS Capital on the sale of Dexia Asset Management



 Dexia : Dexia : Termination of negotiations with GCS Capital on the sale of
                            Dexia Asset Management

Regulated information - Brussels, Paris, 24 July 2013 - 10.15 am

Termination of negotiations with GCS Capital on the sale of Dexia Asset
Management

On December 12th, 2012,  Dexia signed a sale  and purchase agreement with  GCS 
Capital for the sale of Dexia Asset Management by the end of June 2013 at  the 
latest, for a price of EUR 380 millions. All of the regulatory  authorizations 
have been received and the European  Commission has given its approval to  the 
transaction.

Considering that the transaction could not be closed at the end of June, Dexia
allowed to continue the negotiation process after the end date initially  set. 
After discussing  with  GCS Capital  and  in agreement  with  its  contractual 
obligations, Dexia decided  to denounce the  sale and purchase  on July  15^th 
2013. The sale  and purchase agreement  provides for a  10 working day  notice 
period, the termination of negotiations will be effective on July 30^th  2013. 
Until that date,  the buyer  has the  possibility to  fulfill its  contractual 
obligations and to close the transaction.

This decision does not affect the intention of selling Dexia Asset Management,
in order to allow it to  pursue its commercial development, while providing  a 
long-lasting situation to its clients and employees.

Press Release

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This announcement is distributed by Thomson Reuters on behalf of Thomson
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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#1718330
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