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Dexia : Dexia : Termination of the share purchase agreement with GCS Capital relating to the sale of Dexia Asset Management

 Dexia : Dexia : Termination of the share purchase agreement with GCS Capital
                relating to the sale of Dexia Asset Management

Regulated information - Brussels, Paris, 30 July 2013 - 7.30 am

Termination of the share purchase agreement with GCS Capital relating to the
sale of Dexia Asset Management

Since  the  announcement  of  the  agreement  on  the  sale  of  the   group's 
participation in Dexia Asset Management to GCS Capital on December 12^th 2012,
all the required regulatory  approvals and third  parties' consents have  been 
obtained and  all conditions  precedent to  the transaction  have been  timely 
satisfied.

As GCS Capital has not been  able to meet its contractual payment  obligations 
under the share purchase agreement since the initially scheduled closing  date 
of June 28^th 2013,  Dexia, in line  with its announcement  on the July  24^th 
2013, feels compelled to definitively abandon discussions with GCS Capital and
to formally  terminate the  share  purchase agreement  with GCS  Capital  with 
effect from July 30^th 2013.

In order  to ensure  a successful  finalization  of the  sale of  Dexia  Asset 
Management in the best interest of its stakeholders, in particular its clients
and staff, Dexia  will resume  shortly discussions with  other parties  having 
expressed a strong interest in acquiring the franchise.

Dexia notes  with satisfaction  that, in  a challenging  context, Dexia  Asset 
Management remains a competitive franchise that benefits from stable  business 
relationships  with  its  diversified   international  client  base  and   its 
long-standing distribution partners. Its teams  continue to drive forward  the 
business of  Dexia Asset  Management while  keeping an  excellent  operational 
efficiency.

Press release

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Source: Dexia via Thomson Reuters ONE
HUG#1719644
 
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