Dexia: Signature of an agreement for the sale of Dexia Asset Management

   Dexia: Signature of an agreement for the sale of Dexia Asset Management

Regulated information - Brussels, Paris, 25 September 2013 - 0.30 am

Signature of an agreement for the sale of Dexia Asset Management

Dexia announces today  the signature of  a share purchase  agreement with  New 
York Life Investments  for the sale  of Dexia Asset  Management, after  having 
entered into exclusive  negotiations on 19  September 2013. The  scope of  the 
transaction includes 100% of Dexia's shares in Dexia Asset Management and will
be realized for a firm price of EUR 380 millions.

Dexia Asset Management, a major player  in asset management, with centres  in 
Brussels, Paris, Luxembourg and Sydney,  has built a significant presence  in 
Europe and across international  markets over the last  20 years. Dexia  Asset 
Management has EUR 74 bn in assets  under management, as of 31 July 2013;  it 
provides investment solutions,  spanning all  asset classes  to a  diversified 
client base across 25 countries. Dexia Asset Management has received  multiple 
awards in recent  years across  its entire  product range.  Renowned for  its 
specialist skills in  fundamental and  quantitative strategies,  it has  also 
earned a  solid  reputation in  tailored  asset allocation  solutions.  It  is 
recognized as a front-runner in SRI (sustainable and responsible  investments) 
and in regulated Alternative Investments.

A wholly owned subsidiary  of New York Life  Insurance Company, New York  Life 
Investments is a leading investment management  firm, with USD 388 billion  in 
assets under  management, as  of  31 July  2013.  During the  initial  auction 
process, New York Life Investments was  one of the final contenders. New  York 
Life Investments constitutes a solid  financial and operational partner,  able 
to support Dexia Asset Management's commercial development. Moreover, Dexia is
confident in  its  capacities  to  achieve  a  successful  completion  of  the 
transaction.

Finalisation of  this  transaction remains  subject  to the  approval  of  the 
regulatory authorities. Dexia  will release  the impacts  of the  sale on  its 
financial situation and its regulatory ratios when the transaction is closed.

Press release

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Source: Dexia via Thomson Reuters ONE
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