1. KBC Group Company presentation Autumn 2005 Web site: www.kbc.com Ticker codes: KBC BB (Bloomberg) KBKBT BR (Reuters)

2. 2 Contact information Investor Relations Office Luc Cool Nele Kindt Marina Kanamori investor.relations@kbc.com Surf to www.kbc.com for the latest update.

3. 3 This presentation is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security KBC believes that this presentation is reliable, although some information may be condensed or incomplete This presentation contains forward-looking statements with respect to our earnings development involving assumptions and uncertainties. The risk exists that these statements may not be fulfilled and that future results differ materially. By receiving this presentation, each investor is deemed to represent that it possesses sufficient expertise to understand the risks involved Important information

4. 4 Table of contents 1.Company profile 2.Strategy and earnings drivers 3.1H 2005 financial highlights 4.Information on capital management 5.Closing remarks on valuation

5. Company profile Foto gebouw 1

6. 6 Ranking in Euroland 1 BNP Paribas (35 bn)1 BNP Paribas (43 bn)1 BSCH (63 bn) 2 BSCH (31bn)2 BSCH (37 bn)2 BNP Paribas (53 bn) 3 BBVA (29 bn)3 BBVA (36 bn)3 BBVA (47 bn) 4 Deutsche Bank (26bn)4 Société Générale (30 bn)4 Deutsche Bank (39 bn) 5 ABN AMRO (25 bn)5 Deutsche Bank (30 bn)5 Société Générale (39 bn) 6 Société Générale (24 bn)6 Crédit Agricole (29 bn)6 ABN AMRO (37 bn) 7 Unicredito (22 bn)7 ABN AMRO (28 bn)7 Crédit Agricole (33 bn) 8 Fortis (22 bn)8 Unicredit (24 bn)8 Fortis (31 bn) 9 Crédit Agricole (14bn)9 Fortis (23 bn)9 Unicredit (29 bn) 10 Dexia (14 bn)10 Intesa BCO (17 bn)10 KBC (25 bn) 11 Intesa BCI (12bn)11 Dexia (16 bn)11 Intesa BCI (23 bn) 12 Allied Irish Banks (12 bn)12 KBC (15 bn)12 Dexia (20bn) 13 Bank of Ireland (10 bn)13 SanPaolo IMI (13 bn)13 San Paolo IMI (18 bn) 14 KBC (9 bn)14 Allied Irish Banks (11 bn)14 HVB (17 bn) 15 SanPaolo IMI (9 bn)15 HVB (10 bn)15 Allied Irish Banks (16 bn) 16 Banco Popular (8 bn)16 Commerzbank (8 bn)16 Bank Austria (13 bn) 17 HVB (7 bn)17 Erste Bank (8 bn)17 Commerzbank (13bn) 18 Mediobanca (6 bn)18 Bank Austria (8 bn)18 Mediobanca (12 bn) 19 Bca MPS (6 bn)19 Mediobanca (7bn)19 Bank of Ireland (12 bn) 20 Bco Popular (5 bn)20 Bca MPS (6 bn)20 Bco Popular (12 bn) Dec 2002 Aug 2004 Aug 2005 DJ Euro Stoxx Banks constituents Market cap ranking

7. 7 Shareholder structure CERA/Almancora 27.1% (own shares: 2.3%, including ESOP hedge) Other committed shareholders 11.7% MRBB 11.6% Free float 47.3% Free float KBC is majority-owned by a group of committed shareholders, thereby providing continuity for the pursuit of long- term strategic goals Core shareholders include the Cera/Almancora Group (co-operative investment company), a farmers’ association (MRBB) and a syndicate of industrialist families Situation as at 31-Dec-04 (before merger with Almanij) Situation as at 30-Jun-05

8. 8 Business portfolio KBC is a top bancassurer and asset manager in Belgium and has successfully expanded its operations in CEE-5, its 2nd home market. Recently, Private Banking (69 bn AUM) has become more of a key focus. The PB business was expanded to include a Western European network. KBC is also active – be it rather selective – in commercial banking (mostly in W. Europe) and financial markets. Revenue geographical breakdown (1H 2005) Belgium: - retail bancassurance - asset management - private banking - SME/corporate CEE: - retail bancassurance - asset management - private banking - SME/corporate Selected other markets (mostly in W. Europe): - private banking - SME/corporate

9. 9 Top-3 player in Belgium Market share: 32% (1 st ) 19% (2 nd ) 15% (3 rd ) Mutual funds Mortgages Business loans Non-life insurance Market share: 24% (2 nd ) 21% (2 nd ) 9% (4 th ) Individual LifeSavings deposits Consolidated banking landscape (80% of market held by top-4 banks) Market highly receptive to cross-selling of AM & insurance products (the bancassurance model dominates)

10. 10 2005 H1 25% KBC’s presence in CEE CEE profit contribution to KBC Group Retail 57% Other 22% SME/Corp 21% Share of business segments in gross income, CEE Banking Profit contribution, CZ + SK 20032004 143 m162 m Czech Republic Total assets, bank: 18 bn EUR Market share, bank: 21% (No. 2) Market share, life: 8% (No. 5) Market share, non-life: 4% (No. 6) Profit contribution, Poland 20032004 -295 m25 m Total assets, bank: 5 bn EUR Market share, bank: 5% (No. 8) Market share, life: 3% (No. 7) Market share, non-life: 11% (No. 2) Profit contribution, Hungary 20032004 11 m31 m Total assets, bank: 7 bn EUR Market share, bank: 11% (No. 2) Market share, life: 4% (No. 7) Market share, non-life: 4% (No. 6) Slovakia Total assets, bank: 2 bn EUR Market share, bank: 6% (No. 4) Market share, life: 4% (No. 8) Market share, non-life: 2% (No. 7) Profit contribution, Slovenia 20032004 10 m26 m Minority stake (34%) Market share, bank: 41% (No. 1) Market share, life: 6% (No. 5)

11. 11 KBC’s presence in CEE Percent of towns with KBC branchDensity of KBC’s branch network KBC Group is one of the largest international players in the region The density of KBC’s branch network is amongst the highest in the CEE region Unlike the other players, KBC limits its presence to the EU Member States (Czech Republic, Slovakia, Hungary, Poland and Slovenia) and is active in both the banking and insurance fields

12. 12 KBC’s commercial banking network Credit exposure Belgium 61 bn CEE 21 bn Western-Euope 32 bn Rest of the world 8 bn TOTAL 122 bn

13. 13 KBC’s private banking network AUM Belgium 24 bn CEE 3 bn Luxemburg Switzerland 18 bn Monaco Spain * 12 bn Germany 5 bn Netherlands 3 bn United Kingdom 3 bn France 1 bn Italy 0.4 bn Total 69 bn * Of which 7 bn in low-yielding assets

14. 14 Cost/income, banking Solid financial track record Combined ratio, non-life In m EUR Return on equity Net profit growth In m EUR Pro forma figures, KBC Group (2003 figures are according to B-GAAP)

15. Strategy and earnings drivers Foto gebouw 2

16. 16 Start of a new decade In Q1 2005, KBC merged with parent company Almanij:  ‘Quick wins’ for shareholders included: The re-rating of the KBC share due to increased transparency, visibility and share liquidity (analysts previously used a 10-15% discount) Operational synergies, particularly in the field of wealth management (programme of 75 m recurring pre-tax result, of which ½ as from 2006)  Further value-creating potential includes: Shifting the earnings trend in the private banking area ‘into much higher gear’ (earnings growth to be doubled from 5% to at least 10% CAGR) Moreover, KBC continues to be ambitious, maintaining its performance commitments in both Belgium and CEE

17. 17 We build a solid future Strategy headlines include: Retail- and wealth-management-oriented, with focus on Belgium and CEE-5 and selected Western European markets Further enhancement of efficiency (with emphasis on - but not exclusively in - CEE and European private banking) Standalone basis (opportunistic operational alliances in certain areas to generate economies of scale, if needed) Steady dividend growth and solid level of financial strength/solvency The solid ‘growth and value’ outlook is reflected in ambitious financial targets, valid until 2008: Efficiency:Cost/income, banking Combined ratio, non-life max. 58% max. 95% Financial strength:Tier-1, banking Solvency margin, insurance min. 8% min. 200% Value creation:Adjusted ROE EPS growth (CAGR) min. 16% min. 10%

18. 18 Do not underestimate the market: KBC Group is well positioned: Consolidated banking market (80% of assets held by top-4 players) Savings ratio amongst highest in the world (every year, ca. 15% of GDP flows into fin. assets) Market highly receptive to cross-selling of AM & insurance, fueling strong growth trend in AM and life insurance business Strong mortgage growth trend (ca. 10% per year) expected to continue, as residential property price levels are still below other European markets Fee rates for retail banking services only 50% of European average (gradual increase expected) Credit quality has proven to be solid over the cycle Top-3 market position, esp. strong in Northern region (one of the wealthiest regions in the EU) Of the top players, level of customer satisfaction is highest Innovative product offering in retail AM (steadily increasing market share over the past 10 yrs.) Still high cross-selling potential for non-life products and well-performing bancassurance distribution model Further cost efficiency improvement potential, among other things, via co-sourcing of back offices with other banks Well-diversified revenue structure (50% fee income) and further increase in fee income targeted Earnings drivers in Belgium - overview

19. 19 Strong market growth momentum: KBC Group is well positioned: Earning drivers in CEE - overview  Nom. GDP growth in 2005/06 at 6.3%. Although prospects have been revised due to global economic slowdown, growth will still outgrow EMU by 3.1%  Ongoing catch-up in product penetration (currently, an avg. of 45% for banking accounts and 5% for mortgages)  Mortgage volumes growing at double-digit pace (up 51% on avg. in 2004)  Financial sector could grow five-fold if financial assets to GDP were to reach current levels of S. Europe  Solid market position in retail and corporate businesses (excl. banking in Poland) with nationwide branch networks  Competitive advantage in enhancing cross-selling of asset management and insurance products  Well positioned in HNWI and private banking through epb know-how C/I still on the high side overall, inducing further improvement, e.g., by setting up cross-border platforms for processing transactions Adequately provisioned balance sheet (risks under control)  Availability of capital within the Group

20. 20 Strong growth fundamentals in CEE (Source: IMF) Financial services (banking & insurance) in % of GDP (2004) (Source: Vienna Institute for International Economic Studies)

21. 21 Bancassurance fueling CEE earnings Cross-sell rates 2004 CZHUPLSKBE Consumer loan X Life 83%50%100%94%67% Mortgage loan X Life 45%50%100%75%67% Mortgage loan X Property insurance 54%71%42%30%50% Now the model is in place: Transfer of product know-how and streamlining of business processes and IT systems Implementation of KBC’s distribution model and setting up of sales incentives and adequate sales approach Unified management responsibility (joint management committee of bank and insurance) = competitive advantage relative to other CEE players Results are encouraging:

22. 22 Growth in AM fueling CEE earnings KBC is well positioned: Strong appetite for ‘risk-free’ investments in the market (money-market, capital-guaranteed funds), fully in line with KBC’s core competencies and successful track record in Belgium Cost/AUM below average (around 16 bps vs. 20 bps for Europe) = competitive advantage relative to other CEE players Results are encouraging: AUM grew in ’04 by 25%. Continued high growth expected in coming years (CAGR of 15-20% in mutual funds and 10-15% in pension products) Via the funds business, new customers are recruited. Existing customers using deposits to buy funds replenish deposit accounts after one year Market share 200320041H05Trend CZ19%22%26%+++ HU8%9%11%++ SK6%7%8%+ SLO-8%10%++ PL3%4% +

23. 23 Centralized processes reducing costs Example 1: card transactions Centralized purchasing & processing of: 7.5 million cards 500 million transactions Reduced costs driven by: Standardized technology anticipating future developments (SEPA) Economies of scale Example 2: cross-border payments Centralized processing of cross-border transactions (also open for third-parties) Reduced costs driven by: Standardized technology anticipating future developments (SEPA) Economies of scale 0.00 € 0.02 € 0.04 € 0.06 € 0.08 € 0.10 € 0.12 € - 5001 0001 5002 0002 500 cost/trans. million transactions 100 80 90

24. 24 Mid-term financial outlook, CEE RWA CAGR Net profit CAGR Loan-loss ratio Cost/Income ratio Banking10% – 15% < 0.50%< 60% Premium income CAGR Net profit CAGR Combined ratio Insurance15% – 25%25% - 35%95%

25. 25 Private banking in higher gear Dual brand strategy: network-led vs. ‘independent boutique’ Growth drivers: network trade-up, extension of product offer and hiring of private bankers Core business: an integrated private banking business in selected European markets focusing on clients with >€1m of investable assets Integrated network of local pure-play private banking brands (boutique style) Priority of reducing costs by creating synergies in a central ‘hub’ (IT, operations, support) Growth drivers: increased share of wallet, hiring of PB managers and opportunistic M&A Low-growth market Focus on profitability (leveraging the hub) If possible, steer repatriated assets to KBC onshore No expansion, except in IFAs with short payback Small today (2 bn AUM), but high market growth expected (>15% p.a.) Strengthening a network-led model, leveraging Belgian experience BelgiumW. Europe onshoreW. Europe offshoreCEE Opportunistic acquisitions may imply investments of 150-250 m per year

26. 26 Shift in customer preference towards greater sophistication: open architecture, alternative investments, financial planning, accessibility and Internet delivery However, the core needs of customers will remain the same (trusted personal relationships, status/exclusivity, investment performance) Strong relationship-based approach, open architecture concept, KBC AM’s sound product expertise and solid capability for tailor-made solutions Greatly improved efficiency (implementation of large scale rationalization programme), to be further boosted by the realization of merger synergies within the enlarged KBC Group Leveraging the network in Belgium Local private banking brands with status/heritage in Germany, Spain, Netherlands, UK and Belgium ‘Unique’ model attracting experienced private bankers from big banks Changing market environment: KBC Group is well positioned: Private banking in higher gear

27. 27 Type of benefits* €m Revenue (40%) Cost (60%) ICT & Overheads Asset Management Insurance Corporate Fin. Markets Securities Payments Cross sales New business Optimi- zation Pro- cure- ment People Source of benefits* €m * Synergy benefits defined as peak recurring annual increase in pre-tax bottom-line result (2009 - peak level) Costs avoided Total Securities The merger of KBC and Almanij allows to realise synergies by reducing costs and cross selling. The total benefit amounts to 75 m euro (pre-tax) per year as of 2009 (50% to be realised as of 2006). Operational synergies in private banking

28. 28 In total, KBC Group projects ~10% net income growth per year until 2008 KBC Group Forecasts 20042008 Forecasts AUA (€bn)KBL EPB44 KBC PB14 Total5883 20042008 Forecasts Net Income (€bn) KBL EPB205 KBC PB50 Total255380 Cost Income Ratio 67%55% AUA Growth BelgiumCAGR14% Onshore W. EuropeCAGR10% Offshore W. EuropeCAGR0% CEECAGR15% Total AUA GrowthCAGR9% Net Income Growth This assumes normal market conditions Excluding any future acquisitions CAGR 10% Private banking, financial projections

29. 1H 2005 Financial highlights Foto gebouw 3

30. Financial highlights - At a glance - Group financial performance - Headlines per segment FY 2005 profit outlook

31. 31 1. Net profit at 1 253 m, up 55% y/y, generating a return on equity of 20% 2. Underlying profit (excl. one-offs) growing at 34% 3. Comparison of individual P/L lines with pro forma 2004 figures distorted by application of IFRS 32/39 and IFRS 4 as of 2005 4. Strong business volume growth (deposits / loans / AUM / insurance) generating strong commission income (+23%) and offsetting impact of flattening yield curve on net interest income 5. AUM reaching the 170 bn EUR level (o/w 69 bn in private banking) 6. Further downtrend in expenses - cost/income ratio (banking) at 57 % 7. Sustained low combined ratio, non-life (94%) 8. Very low credit-risk provisioning (loan-loss ratio at 0.06%) 9. High levels of return in most business segments, especially in Belgian retail (29%) and in CEE (54%) 10. Outlook for 2005 remains positive 1H 2005 at a glance

32. 32 Solid business growth Note: Growth trend, excl. (reverse) repo activity, from 31-Dec-04 to 30-Jun-05 Growth, Ytd+7%+10%+7%+11% Belgium+7%+8%+5%+10%+15% CEE+3%+16%+15% +20% Rest of world+7%+15%+7%-+5% 30 June 2005 Customer loans o/w mortgages Customer deposits (banking) Life ‘deposits’ (insurance) AUM (asset management) Outstanding108.7 bn30.7 bn167.8 bn14.9 bn170.5 bn

33. 33 Profit trend, 1H 05 1H 2004 pro forma 1H 20051H/1H1H/1H excl. one-offs Gross income, net of technical insur. charges 3 9194 163+6% +2% Expenses-2 373-2 313-3%-6% Operating result1 5451 850+20%+15% Impairments-242-57-76% Associated companies-39+33- -27% Net profit8101 253+55%+34% C/I, banking CR, non-life ROE 61% 93% 14% 57% 94% 20% Notes: 1)One-offs include the disinvestment loss at Agfa Gevaert (net bottom-line impact of –80 m) in Q2 2004, the write-back of of provisions for operating expenses after a legal settlement (net +48m) in Q2 2004, the income related to the settlement of a ‘historic’ Slovakian loan (net +68 m) in Q1 2005, the ‘non-recurring’ value gains on shares of Irish insurer FBD (net +68m) in Q1 2005 and merger-related expenses (net 13m) in Q2 2005 2)All 2004 figures exclude impact of IAS 32/39 and IFRS 4

34. 34 Profit trend, Q2 05 2Q 041Q 052Q 052Q/2Q2Q/1Q Gross income, net of tech. charges1 9172 1272 035 Expenses-1 105-1 104-1 209 Operating result8121 024826+2%-19% Operating result, underlying739851846+15%-1% Impairments-90-15-42 Associated companies-60+21+13 Net profit434717536+24%-25% Net profit, underlying465581550+18%-5% Notes: 1)One-offs include the disinvestment loss at Agfa Gevaert (net bottom-line impact of -80m) in Q2 2004, the write-back of of provisions for operating expenses after a legal settlement (net +48m) in Q2 2004, the income related to the settlement of a ‘historic’ Slovakian loan (net +68 m) in Q1 2005, the ‘non-recurring’ value gains on shares of Irish insurer FBD (net +68m) in Q1 2005 and merger-related expenses (net 13m) in Q2 2005 2)All 2004 figures exclude impact of IAS 32/39 and IFRS 4

35. Foto gebouw Financial highlights - At a glance - Group financial performance - Financial headlines per segment FY 2005 profit outlook

36. 36 Solid revenue trend IFRS reclassfications distort comparison with 2004 (among other things, non-recognition of unit-linked insurance premiums) Q1’s solid trends continued in Q2: NII: volume growth almost offsetting q/q NIM contraction High level of life insurance premium income (1.2 bn - mostly unit-linked, in line with stock market performance) Strong commission line (410 m) Down 693 m y/y, mainly due to non-recognition of 1.1 bn new unit-linked premium volume under IFRS 2005 Apart from one-offs (136 m in Q1), solid revenue ‘quality’: NII: volume growth almost offsetting negative impact on NIM from flattening yield curve (-13 bps) High level of life insurance premium income (2 bn) Strong commission line (+23%)

37. 37 NII trend, banking activities 1H 05 (y/y trend)

38. 38 Impact of IFRS on NII / FV income 1H 041H 05% NII1 9612 122+8% FV income415225-46% Total2 3762 348-1% 1H 041H 05% NII1 9611 947-1% FV income415470+13% Total2 3762 417+2% 1H 05 IFRS, as reported 1H 05, adjusted for comparison * Main impact from IFRS: Reclassification of interest income on hedging derivatives from NIM to FV income (  175m) Negative impact of FV adjustments on financial instruments (-70m) * Remark: simplified - only the mentioned main IFRS-adjustments are used

39. 39 Impact of IFRS on Life income 1H 05 IFRS, as reported 1H 05, adjusted for comparison 1H 041H 05% Premium income, life1 910892-53% Fees, investments w/o DPF-32- Technical charges, life-1 945-983-49% Financial income160259+62% Total123197+61% 1H 041H 05% Premium income, life1 9101 963+3% Fees, investments w/o DPF--- Technical charges, life-1 945-2 025+4% Financial income160259+62% Total123197+61% No recognition of premium income and technical charges of investments contracts without Discretionary Participationt Feature (mostly unit-linked life products) Margin recognized as fee/commission income Remark: no bottom-line impact !

40. 40 Competitive landscape in Belgium In 1H 05, NIM was stable y/y at 2.0 %. In Q4 04 and Q1 05 the (obviously lagging) effect of the flattening of the yield curve was offset by the improved product mix (shift to low-yielding liquid savings deposits in anticipation of an interest rate hike). In Q2 05, customers switched to long-term investments, anticipating deposit rate cuts (-25 bps as of Q3 03). Volume growth (deposits/loans) was strong in Belgium, further boosting NII Since mid-2004, credit spreads have seen a significant deterioriation as a result of increased price competition. Currently, pricing rationality is tending to be restored. Net Interest Margin, KBC Bank, Belgium Spreads on new mortgages (bps), KBC, Belgium 0.88 0.76 0.41 0.48

41. 41 Competitive landscape in Belgium Change in retail market share since the beginning of 2004 (avg. deposits and loans), proxy Source: Febelfin (market sample) Includes consumer loans, mortgages, saving accounts and saving certificates In 2004, the large banks, representing >80% of the market, lost roughly 1% market share to the benefit of smaller players. But from 1H05, this trend seems to be on the wane. KBC has been able to keep its market share stable (and may have further increased its market share in unit- linked insurance and probably mutual funds).

42. 42 Sustained favourable y/y cost trend Ytd expenses down 3%, mainly driven by (a) cost cutting in Belgium and (b) lower staff profit-sharing bonuses (esp. at KBC Financial Producs) Cost/income, banking, down from 61% to 57% As expected, cost level up q/q due to: Elimination in Q2 of underusage of IT and marketing budgets of ca. 20m in Q1 (time lag) Higher income-related staff costs (  27 m esp. at KBC Financial Products) Restructuring costs (20 m) and one-off merger-related costs (20 m) Y/y trend: Q2 04 includes write-back (73 m) of provision for operating charges (after legal settlement) -3%

43. 43 Historic low impairment level Impairments down 185 m (-76%) on the back of limited credit risk and solid equity markets Loan-loss ratio down from 0.20% in FY 04 to 0.06% Impairments on investments limited to 16 m versus 130 m in 1H 04 -76% LLRAvg loansFY 041H 05 Belgium58.30.09%0.03% CZ/Slovakia10.70.26%0.00% Hungary5.40.64%0.93% Poland3.90.69%0.00% International40.20.26%0.09% Total118.50.20%0.06% Q2 impairments remain at historic low Q2 includes 5 m impairment on goodwill at KBL France

44. 44 Excellent underwriting result, non-life Combined ratio at 94% on the back of Sound risk management (claims ratio at 64%) Good cost control (expense ratio at 30%) Favourable claims environment on all markets Q2 sligthly higher q/q, mainly for seasonality reasons C/RFY03FY041H05 Belgium93%92%93% Czech Rep.102%99%93% Slovakia146%138%116% Hungary103%98%86% Poland-95%97% R/I100%98%90% Total96%95%94%

45. Foto gebouw Financial highlights - At a glance - Group financial performance - Financial headlines per segment FY 2005 profit outlook

46. 46 Segment structure KBC Group NV KBC Insurance KBC AM KBL epbGevaert KBC Bank Primary segmentation by business segment

47. 47 Banking: Q2 05 result at 314 m: Good top-line mix, commissions particularly strong, not boosted by gains and trading income, NII almost stable despite flatening yield curve Higher costs after the very low Q1 level (see above) Impact of one-offs in y/y and q/q comparison (see below) 1H 05 profit at record level of 784 m, driven by: Strong commission income (+21%) Strict cost control (C/I at 57% incl. AM) Limited credit cost (0.06 bp) One-off income related to settlement of historic Slovakian loan (net 68 m) Insurance: Q2 05 results in line with Q1 (though high gains in Q1), due to Record level of sales of life products (1.2 bn) High dividend income (86 m) Slightly better claims result 1H 05 results increasing to 246 m on the back of: High sales of life insurance (2 bn euro) Excellent underwriting performance (CR, non-life, 94%) Higher investment income o/w capital gains (esp. FBD – net non-recurring impact: 68 m) Low impairment charges on portfolios (extremely high in 1Q 04) Key points, business segments Pro forma IFRS 2004 IFRS 2005 BANKING Net profit (in m) 699 564 784 Pro forma IFRS 2004 IFRS 2005 INSURANCE Net profit (in m) 3 119 246 1Q04 2Q04 3Q04 4Q04 1Q04 2Q04 1Q05 2Q05 1Q05 2Q05 4Q04 3Q04

48. 48 Profit trend, banking segment Segment banking2Q 041Q 052Q 052Q/2Q as stated 2Q/2Q excl. one-offs 2Q/1Q as stated 2Q/1Q excl. one-offs Gross income1 4001 5131 373-2% -9%-3% Expenses-816-807-878+8%-1%+9% Operating result585706495-15%-3%-30%-18% Net profit367470314-14%-2%-33%-22% Net profit, underlying319402314-2%-22% Notes: 1)One-offs include the write-back of of provisions for operating expenses after a legal settlement (net +48m) in Q2 2004 and the income related to the settlement of a ‘historic’ Slovakian loan (net +68 m) in Q1 2005 2)All 2004 figures exclude impact of IAS 32/39 and IFRS 4 Impact of one-off items:

49. 49 Key points, business segments Asset management: AUM in 1H 05 up 16% to 97 bn (2/3 due to new money inflows) 1H 05 profit contribution at 126 m, +16 m y/y (driven by increased AUM) Note: total AUM within the Group: 170 bn Asset management segment: 82 bn (3rd party) + 15 bn (group assets) Banking segment: 24 bn (mostly private and HNWI assets in Belgium and CEE) European private banking segment: 50 bn (o/w 46 bn of private banking customers) European private banking: 1H 05 profit contribution at 94 m, up 28 m y/y and down 12 m q/q (due to restructuring provisions) Top-line at high level (partly due to M2M of financial instruments) with sustained growth trend of commission income Private banking AUM in 1H 05 up 8% to 50 bn Cost/income at 67% No relevant impairment charges Pro forma IFRS 2004 IFRS 2005 Net profit (in m) Pro forma IFRS 2004 IFRS 2005 Net profit (in m) EUROPEAN PRIVATE BANKING ASSET MANAGEMENT 66 8 94 109 119 126 3Q04 4Q04 1Q05 2Q05 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 1Q04 2Q04

50. 50 Pro forma IFRS2004 Key points, business segments Pro forma IFRS 2004 IFRS 2005 Net profit (in m) IFRS 2005 Net profit (in m) HOLDING COMPANY GEVAERT Gevaert: 1H 05 profit contribution of 63 m (remember that in 2Q 04, discontinued activities weighed on the P/L at –80 m) Revenue shored up, among other things, by M2M according to IFRS standards of private equity portfolio in 1Q 05 (15 m) and by gains on disposal of listed equity holdings in 2Q 05 (30 m) 1H 05 profit contribution from Agfa-Gevaert: 14 m Holding company: 1H 05 net holding company results at -59 m, quite high due to: One-off costs in Q2, related to Almanij-KBC merger (20m): expenses for existing stock option plan at KBL and external advisory services Elimination of received dividends on own shares (IFRS 2005) (9 m) Costs of debt related to minority buy-out of KBL Debt funding will be gradually reduced in future 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 -48 36 63 -19 -40-59 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05

51. 51 Segment structure – cont’d. KBC Group NV KBC Insurance KBC AM KBL epbGevaert KBC Bank CEE Markets European private banking Gevaert Retail Business customers 1 2 1. Primary segmentation by business segment 2. Additional breakdown by area of activity

52. 52 Retail Belgium and CEE Pro forma Net profit (in m) Pro forma Net profit (in m) CEE RETAIL BELGIUM Retail Belgium: Q2 somewhat lower q/q due to lower banking revenue (partly seasonal) and higher taxes (less exempted gains) 1H 05 net profit of 539 m, 320 m more than 1H 04: sound revenue growth (esp. related to savings/investments and mortgages) sustained cost discipline (-4%) strong non-life underwriting performance absence of credit provisioning and normalization of value impairments on the investment portfolio (impairments  148 m) ‘Private banking’ sub-segment contributes 32m in 1H 05 1H 05 ROAC at 29% (pro forma FY 04: 22%) CEE: Q2 on same (high) level as Q1 (except 68 m one-off in Q1) 1H 05 profit contribution of 312 m - ROAC at 54% (pro forma FY04: 27%) In CZ/Slovakia: 1H 05 profit contribution of 219 m (incl. one-off of 68 m in Q1). The negative effect of lower interest rates is compensated by higher volumes. Sound growth of insurance business. Hungary: further positive trend of operating results, but somewhat higher loan-loss provisions (LLR 0.93%, similar to that of major peer). 1H 05 profit at 20 m. Poland: 1H 05 profit contribution of 62 m, (incl. deferred taxes of 9 m in Q2) due to sound cost trend, growing insurance business and absence of loan losses) 219 435 539 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 164 126 312 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05

53. 53 SME and wholesale activities SME/corporate: Strong profitability trend of 2004 continues as a result of: Low credit provisions (LLR 1H 05: 0.21%) High cost efficiency (C/I 36%) Solid technical result from reinsurance (C/R 90%) 2nd quarter profit level slightly lower than average of previous quarters due to lower revenue and higher taxes 1H 05 ROAC at 20% (pro forma FY04: 19%) Capital markets: 2Q 05 profit contribution continues to be at level registered in previous quarter, but below record high of 1H 04 (when exceptionally fine results were booked in derivatives) 1H 05 earnings amounts to 106 m (-23% y/y). Income from convertibles & equity derivatives trading was particular weak. Equity brokerage and structured credit business brought about a result improvement. 1H 05 ROAC at 28% (pro forma FY 04: 34%) Pro forma Net profit (in m) Pro forma Net profit (in m) CAPITAL MARKETS SME/CORPORATE 226 204 225 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 137 96 106 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05

54. Foto gebouw Financial highlights - At a glance - Group financial performance - Financial headlines per segment FY 2005 profit outlook

55. 55 2005 profit outlook KBC continues to be positive on its strategy in the various business lines Banking costs are expected to decrease in 2005 There are no signs of any substantial decline in credit quality or in underwriting performance, non-life The interest rate and stock market environments remain factors of uncertainty KBC has already set a mid-term objective of >10% CAGR EPS growth On the basis of the solid 1H 05 earnings and the prevailing view regarding the relevant economic and financial parameters, KBC’s 2005 net profit is expected to exceed the10% growth level, amounting to more than 2 bn euros

56. Foto gebouw Financial highlights - At a glance - Group financial performance - Financial headlines per segment FY 2005 profit outlook Additional information

57. 57 Solid business growth Growth, 2Q 05+3%+6%+3%+7%+4% Belgium+4% +2%+7%+5% CEE - CZ/Slovakia - Hungary - Poland +4% +5% +3% +0% +9% +8% +12% +5% +5% +6% +6% -5% +8% +3% +27% +16% +12% +10% +24% +12% Rest of the world+1%+9%+4%-+0% Note: growth trend excl. (reverse) repo activity Growth, Ytd+7%+10%+7%+11% Belgium+7%+8%+5%+10%+15% CEE - CZ/Slovakia - Hungary - Poland +3% +6% +4% -4% +16% +15% +22% +7% +15% +21% +10% -3% +15% +12% +46% +8% +20% +22% +68% -4% Rest of the world+7%+15%+7%-+5% Customer loans o/w mortgages Customer deposits ‘Life deposits’ AUM (off-balance) Outstanding (in bn)108.730.7167.814.9170.5

58. 58 Group income statement, 1H 2005 (in m euros)BankingInsuranceAM KBL epb GevaertHoldingGroup Net interest income Gross earned premium, insurance Dividend income Net gains from FI at FV Net realised gains from AFS assets Net fee and commission income Other income 1 807 0 67 121 63 605 223 266 1 707 86 4 144 -148 29 -1 0 7 8 1 184 1 79 0 7 82 21 206 33 -2 0 3 14 37 0 49 -30 0 0 -4 0 -2 235 2 122 1 707 169 225 265 839 330 Gross income2 8872 0881994291012005 660 Operating expenses Impairments - o/w on loans and receivables - o/w on AFS assets Gross technical charges, insurance Ceded reinsurance result Share in results, associated companies -1 685 -34 -34 1 0 0 17 -254 -20 -1 -18 - 1464 -33 0 -30 0 0 0 0 0 0 -287 -5 0 1 0 0 2 -42 1 1 1 0 0 15 -257 0 0 0 0 0 0 -2 313 -57 -34 -16 -1 464 -33 33 Profit before taxes1 18531616913775-57 1 826 Income tax expense Minority interests -306 -96 -66 -4 -43 0 -39 -4 -12 -1 -2 0 -469 -104 Net profit7842461269463-591 253 Excl. intrasegment eliminations

59. 59 Areas of activity overview, 1H 2005 (in m euros)RetailCEESME/ Corp. MarketsKBL epbGevaertTotal Banking and AM Gross income Operating expenses Impairments Income tax expense Minority interests Net profit – group share 1 288 -734 +7 -178 0 383 925 -526 -7 -71 -41 282 508 -183 -34 -84 0 208 410 -235 -2 -67 0 106 429 -289 -5 -39 -4 94 3 515 -2 004 -39 -415 -100 1 003 Insurance Gross income (- techn. ch.) Operating expenses Impairments Income tax expense Minority interests Net profit – group share 373 -156 -15 -46 -1 155 131 -83 -1 -10 -7 30 47 -15 -4 -10 0 17 591 -254 -20 -66 -4 246 Holding Co Net profit – group share 633 Group total Net profit – Group share Share in group result ROAC 539 43% 29% 312 25% 54% 225 18% 20% 106 8% 28% 94 8% 16% 63 5% 11% 1 253 20% Excl. non-allocated results

60. 60 Group income statement, 2Q 2005 (in m euros)BankingInsuranceAM KBL epb GevaertHoldingGroup Net interest income Gross earned premium, insurance Dividend income Net gains from FI at FV Net realised gains from AFS assets Net fee and commission income Other income 910 0 49 51 6 284 74 136 978 76 9 38 -67 10 -1 0 4 4 0 96 1 41 0 5 38 19 106 9 0 0 2 -6 34 0 26 -14 0 0 -3 0 0 130 1 074 978 135 92 97 410 118 Gross income1 3731 180105217561122 904 Operating expenses Impairments - o/w on loans and receivables - o/w on AFS assets Gross technical charges, insurance Ceded reinsurance result Share in results, associated comp. -878 -36 -38 2 0 0 6 -131 -4 0 -4 -852 -17 0 -15 0 0 0 0 0 0 -153 -4 -1 1 0 0 1 -22 2 1 1 0 0 6 -149 0 0 0 0 0 0 -1 209 -42 -38 0 -852 -17 13 Profit before taxes465176906042-37797 Income tax expense Minority interests -109 -42 -48 -4 -22 0 -18 -1 -11 0 -4 0 -212 -48 Net profit314124684131-41536

61. 61 Areas of activity overview, 2Q 2005 (in m euros)RetailCEESME/ Corp. MarketsKBLepbGevaertTotal Banking and AM (incl. KBL) Gross income Operating expenses Impariments Income tax expense Minority interests Net profit – group share 629 -363 -6 -91 0 170 403 -273 -2 -11 -16 101 250 -89 -21 -45 0 95 235 -142 -2 -38 0 53 218 -155 -4 -18 -1 41 1 696 - 1 048 -40 -149 -42 422 Insurance Gross income - tecbn. ch. Operating expenses Impairments Income tax expense Minority interests Net profit – group share 159 -82 -3 -35 0 74 70 -42 0 -4 -4 19 22 -7 0 -8 0 6 313 -131 -4 -48 -4 124 Holding Co Net profit – group share 31-10 Group total Net profit – Group share24412110153 41 31 536 Excl. non-allocated results

62. 62 Group earnings, quarter by quarter (in m euros)1Q042Q043Q044Q041Q052Q05 Net interest income Gross earned premium, insurance Dividend income Net gains from FI at FV Net realised gains from AFS assets Net fee and commission income Other income 995 1 275 25 224 193 357 106 966 1 404 121 191 60 324 113 910 901 39 123 93 323 128 963 1 577 46 187 157 399 132 1 048 729 34 133 168 429 215 1 074 978 135 92 97 410 118 Gross income3 1753 1782 5173 4622 7562 904 Operating expenses Impairments - o/w on loans and receivables - o/w on AFS assets Gross technical charges, insurance Ceded reinsurance result Share in results, associated companies -1 269 -152 -33 -119 - 1 169 -5 20 - 1 105 -90 -74 -12 -1 240 -22 -60 -1 147 -44 -15 -18 -771 -12 34 -1 424 -79 -76 -2 -1 454 -29 28 -1 104 -15 3 -16 -612 -17 21 -1 209 -42 -38 0 -852 -17 13 Profit before taxes6026625775041 030797 Income tax expense Minority interests -170 -55 -177 -51 -155 -57 -35 -29 -256 -57 -212 -48 Net profit376434365440717536

63. 63 CEE CSOBK&H KB NLBInsurance CEE, company overview 1H 2005 (in m EUR) 54720714912131Gross income -265-142-113-83General expenses 6-2512Impairments -61109-10Taxes 227305738Standalone profit 7-6-4Adjustments, o/w elimination of yield on excess capital, etc -24-10-8-7Minority interests 21015451230Profit contribution to Group 83%17%42%31%Return on allocated capital

64. 64 CEE banking - I/S details, 1H 2005 1H 2005CSOBKBK&HNLB Statutory accounts Net interest income Dividend income Net gains from financial instruments at fair value Net realised gains from available for sale assets Net fee and commission income Other income 252 197 5 631 44 866 6 496 114 291 123 249 101 629 184 17 312 -1 148 22 648 8 659 107 767 127 50 139 -191 42 918 6 490 Gross income546 730149 283207 251 Operating expenses Impairments Share in result of associated companies Taxes -265 016 6 169 0 -60 971 -113 082 12 143 98 8 618 -142 048 -25 178 1 369 -10 989 Net statutory profit226 91157 06130 405 Profit contibution to Group Net statutory profit Consolidation adjustments Results of capital allocation Minority interests 226 911 18 758 -11 586 -23 609 57 061 -949 -3 295 -7 644 30 405 -940 -4 870 -9 971 Profit contribution, Group share ROAC ROI 210 474 83% 26% 45 172 42% 14% 14 624 17% 11% 11 731

65. 65 CEE banking - I/S details, 2Q 2005 2Q 2005CSOBKBK&HNLB Statutory accounts Net interest income Dividend income Net gains from financial instruments at fair value Net realised gains from available for sale assets Net fee and commission income Other income 128 313 2 118 25 955 2 177 56 598 8 801 51 216 184 5 803 -2 611 6 421 5 298 54 290 114 24 864 -141 18 338 3 845 Gross income223 96166 311101 309 Operating expenses Impairments Share in result of associated companies Taxes -142 622 1 597 0 - 7 434 -53 724 12 118 0 9 950 -73 645 -15 509 0 633 Net statutory profit75 50234 1749 559 Profit contibution to Group Net statutory profit Consolidation adjustments Results of capital allocation Minority interests 75 502 -299 - 6 377 -6 106 34 174 - 440 -1 267 -4 406 9 559 -443 -213 - 1 695 Profit contribution, Group share62 72128 0607 2083 308

66. 66 No. of shares outstanding BASIC NUMBER OF SHARES (in millions) Ordinary shares Mandatory convertibles Treasury shares Basic No. of shares Avg. quarter Average Ytd 31/12/03367.72. 6-11.0359.4-- 31/03/04367.02. 6-10.1359.6359.5 30/06/04366.32. 6-9.7359.2359.4359.5 30/09/04366.32. 6-9.5359.4359.3359.4 31/12/04366.42. 6-9. 6359.5 359.4 31/03/05366. 42. 6-12.6356.5358.0 30/06/05366. 42. 6-9.1360.0358.3358.1 DILUTIVE NUMBER OF SHARES (in millions) Basic No. of shares Stock options Convertible bonds Dilutive No. of shares Avg. quarter Average Ytd 31/12/03359.46.15.2370.7-- 31/03/04359.66.15.2370.9370.8 30/06/04359.26.05.2370.5370.7370.8 30/09/04359.55.85.2370.5 370.7 31/12/04359.55.05.2369.7370.1370.5 31/03/05356.55.05.2366.7368.2 30/06/05360.04.05.2369.3368.0368.1 Net profit 1H 05 (in m) 1 253 Basic number of shares 358 122 942 Dilutive number of shares 368 084 650 Basic EPS (in euros) 3.50 Dilutive EPS (in euros) 3.42

67. Foto gebouw 4 Information on capital management

68. 68 Capital position Available capital 1 Surplus capital 2 Immediate free surplus 3 Banking10.7 bn2.1 bn1.5 bn Insurance2.8 bn1.2 bn0.4 bn Gevaert1.2 bn1.0 bn0.4 bn Total14.7 bn4.3 bn2.3 bn Internal capital budget requirements Deleveraging of the holding company0.4 – 0.6 bn Buy-out of 3 rd parties in CEE0.8 – 1.3 bn External growth in CEE1.0 – 2.0 bn 1 Regulatory capital under Basel I/Solvency I (incl. hybrids and minority interests, after elimination of intangibles and goodwill), based on capital position as at 30-Mar-05 2 Difference between available capital and internal minimum level 3 Surplus capital excl. expected adverse IFRS impact on Tier-1, banking (as of 2006), unrealized gains on tied-up assets (insurance) and value of Agfa-Gevaert (timing of disposal uncertain)

69. Closing remarks on valuation Foto gebouw 5

70. 70 Valuation weighted P/E 2005-06 unweighted P/E 2005-06 CEE banks 2 15.015.1 CEE-exposed banks 3 11.612.4 Euro-zone banks 4 11.512.4 KBC 1 10.9 BEL banks 5 10.310.4 Key figures: Share price: 66.6 euros Net asset value: 40.0 euros 1H 2005 EPS: 3.50 euros Analysts’ estimates: 1 2005 EPS consensus: 5.97 (+33% y/y) 2006 EPS consensus: 6.24 (+4% y/y) 2005-06 P/E: 10.9 Recommendations: Positive: 42% Neutral: 42% Negative: 16% Valuation relative to peer group: Weighted and unweighted averages of IBES data : 2 OTP, Komercni, Pekao, BPH PBK, BRE 3 BA-CA, Erste, Unicredit, Soc. Gen., Intesa BCI 4 Top-20 DJ Euro Stoxx Banks 5 Fortis, Dexia Situation as at 18 August 2005 5 Smart consensus collected by KBC (18 estimates)

71. 71 Analysts’ recommendations