1. KBC Group Summer presentation June 2005 Web site: www.kbc.com Ticker codes: KBC BB (Bloomberg) KBKBT BR (Reuters) ISIN code: BE0003565737

2. 2 Contact information Investor Relations Office Luc Cool Nele Kindt Marina Kanamori Tel.: +32 2 429 49 16 investor.relations @ kbc.com Surf to www.kbc.com for the latest update.

3. 3 KBC Group’s financial accounts are presented according to IFRS reporting standards as of 1Q2005 As IFRS have a material impact on the way earnings are presented, this presentation is drafted to increase their visibility and to help the investment community to understand the underlying profit trends KBC believes that this presentation is reliable, although some information may be condensed or incomplete By receiving this presentation, each investor is deemed to represent that it possesses sufficient expertise to understand the risks involved 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 This presentation contains forward-looking statements with respect to our earnings development. By their nature, these forward-looking statements involve assumptions, uncertainties and opportunities. The risk exists that these statements may not be fulfilled and that future results differ materially. Important information

4. Foto gebouw Financial highlights - 1Q 2005 - Group performance - Headlines per segment FY 2005 profit outlook Additional information on 1Q 2005 results 2004 pro forma IFRS quarterly accounts

5. 5 Strong earnings momentum As published (Bel. GAAP), KBC Old Pro forma (IFRS 2004), MergCo IFRS 2005 Net profit +91% yoy

6. 6 Key figures Result as published Non- recurring items (1) Underlying result Underlying, Chg yoy (2) Gross income2 756-1692 587N.R. (3) Operating income (4) 1 023-169854+122 m (+17%) Impairments-15- -137m (-90%) Net profit717-136581+205m (+55%) C/I, banking CR, non-life ROE 51% 92% 24% 55% 92% 21% Notes: (1) Related to settlement of a ‘historic’ Slovakian loan (net 68 m) and value gains on shares of Irish insurer FBD (net 68 m) (2) Comparison with 2004 figures not fully valid since IAS 32/39 and IFRS 4 not applied to 2004 figures (3) Comparison not relevant due to significant impact of IFRS 4 application (4) Gross income minus technical charges, insurance, plus ceded R/I result minus operating expenses

7. 7 1. Underlying profit at 581 m*, up 32% q-o-q and 55% y-o-y 2. Strong growth of commission income (+20%) due to successful sales and management of mutual funds 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. Stable interest income in adverse competitive and market-yield environment 5. Further downward trend in expenses - cost/income ratio, banking at 55 %* 6. Very low combined ratio, non-life (92%) 7. Zero credit-risk provisioning (loan-loss ratio 0%) 8. Increased profitability in all business segments 9. Satisfactory results in Poland (17 million profit contribution and zero credit cost) 10. Outlook for 2005 remains positive Highlights * Adjusted for one-off results of 136 m

8. 8 Main changes IFRS 2004 – 2005 Impact of M2M of financial instruments (IAS 32/39): Impact of the M2M of hedging derivatives has been to a high degree ‘hedged’ by use of the ‘FIV’ book’ (intentional M2M of part of the bond portfolio via P&L) Impact on 1Q05: -29 m (before tax and minorities), recognized under ‘trading’ income (net profit of financial instruments at fair value) Net impact of IFRS 4 on insurance contracts very limited (8 m) Material impact on individual I/S lines: ‘net interest income’ and ‘trading income’ (IAS 32/39) and ‘premium income (IFRS 4). The most important changes are: 1. Reclassification of interest component of hedging derivatives from ‘interest income’ (+63 m) to ‘trading income’ (-63 m) 2. No recognition of premium income (-457 m) of unit-linked insurance products (additional margin recognized as commission income: +13 m)

9. 9 Satisfactory quality of revenue Pro forma IFRS 2004 IFRS 2005 3 462 2 517 3 178 3 175 2 756 Excl. one-offs (169 m) and IFRS reclassifications, solid quality of banking income: stable interest income (in adverse interest rate environment), strong commission line (+17% y-o-y) and lower trading revenue Nominal amount dropped, mainly due to a) non-recognition under IFRS 2005 of 464 m new unit- linked premium volume, b) M2M of financial instruments (IAS 32/39) and c) lower guaranteed life insurance (-667 m q-o-q and –95 m y-o-y) Gross income (m)

10. 10 Operating expenses at low level 4Q04 lifted by staff profit- sharing bonuses, marketing costs, litigation provision (KBC Bank) and restructuring provision (KBL epb) Pro forma IFRS 2004 IFRS 2005 1 424 1 147 1 105 1 269 1 104 * C/I of 55% excl. non-recurring income 1Q05 down 13% y-o-y due to cost cutting, no provisioning for future operating expenses & timing differences (y-o-y trend not to be extrapolated to Q2) Cost/income of banking and asset management at 51%* Operating expenses (m)

11. 11 Without significant impairments Pro forma IFRS 2004 IFRS 2005 15 152 90 44 79 Loan-loss ratio Avg loan portfolio LLR FY04 LLR 1Q05 Belgium56.2 bn0.09%Nil CR/Slovakia10.4 bn0.26%Nil Hungary 5.3 bn0.64%0.73% Poland3.9 bn0.69%Nil International38.6 bn0.26%0.07% Total114.4 bn0.20%Nil Historic low level of impairment charges (loan- loss provisions: net write- backs of 3 m) Impairments (m)

12. 12 Excellent underwriting result, non-life Pro forma IFRS 2004 IFRS 2005 103% 96% 95% Combined ratio FY 2003 FY 2004 1Q 2005 Belgium93% 89% Czech Rep.102%99%92% Slovakia146%138%132% Hungary103%98%83% Poland-95%101% R/I100%98%90% Total96%95%92% Very low combined ratio in most markets Combined ratio (%)) 92%

13. 13 Asset growth Customer loans (1) o/w mortgages Customer deposits (1) ‘Life deposits’ AUM (off-balance) 108.4 bn29.0 bn166.4 bn13.9 bn150.7 bn Total %, Ytd (1) +2%+4% +3%+7% Belgium+2%+4%+5%+3%+9% CEE - CR/Slovakia - Hungary - Poland 0% +1% +1% -4% +6% +6% +8% +2% +10% +14% + 4% + 2% +7% +8% +15% -7% +7% +12% +35% -14% Rest of the world+4%+6%+2%-5%+5% Note: (1) Growth excl. (reverse) repo’s

14. Foto gebouw Financial highlights - 1Q 2005 - Group performance - Headlines per segment FY 2005 profit outlook Additional information on 1Q 2005 results 2004 pro forma IFRS accounts

15. 15 Segment structure KBC Group NV KBC Insurance KBC AM KBL epbGevaert KBC Bank Primary segmentation by business segment

16. 16 Key points, business segments Pro forma IFRS 2004 IFRS 2005 Net profit (m) Pro forma IFRS 2004 IFRS 2005 Net profit (m) INSURANCE BANKING Banking: Profit at record level of 470 m (402 excl. one-off), driven by: Strict cost control (C/I at 55% incl. AM, excl. one-off) Zero credit cost Good top-line quality, not boosted by gains and trading income. Commissions were strong (up 17% y-o-y) and NII stable despite adverse interest yield climate Insurance: Results increasing to 122 m on the back of: Higher capital gains (esp. FBD – net non- recurring impact: 68 m) Low impairment charges on portfolios (extremely high in 1Q04) Excellent underwriting performance (CR, non- life 92%) Interest income stable in spite of increased reserves invested due to interest yield context Capital gains expected to be lower in coming quarters

17. 17 Key points, business segments Pro forma IFRS 2004 IFRS 2005 Net profit (m) Pro forma IFRS 2004 IFRS 2005 Net profit (m) EUROPEAN PRIVATE BANKING ASSET MANAGEMENT Asset management: AUM in 1Q05 up 8% to 85.2 bn on the back of new money entries Profit contribution at 58 m, +7 m y-o-y (driven by increased AUM), down 8 m q-o-q (exceptionally high dividend income in Q4) Note: total 3rd assets of the group: 150.7 bn Asset management segment: 72.3 bn (3rd party) + 12.9 bn (group assets) Banking segment: 28.7 bn (mostly private and HNWI assets in Belgium and CEE) European private banking segment: 49.7 bn (o/w 46.0 bn of private customers via epb network) European private banking: Profit contribution at 53 m, up 10 m y-o-y and up 83 m q-o-q (Q4 heavily depressed by one-off 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 1Q05 up 6% to 49.7 bn Cost/income at 63% No relevant impairment charges

18. 18 Pro forma IFRS2004 Key points, business segments Pro forma IFRS 2004 IFRS 2005 Net profit (m) IFRS 2005 Net profit (m) HOLDING COMPANY GEVAERT Gevaert: Profit contribution of 32 m, slightly higher than previous quarters (remind that in 2Q04 discontinued activities weighed heavily on the P/L) Revenue shored up by M2M of private equity portfolio (15m) (according to IFRS standards) Profit contribution from Afga Gevaert: 8m Holding company: Net holding company costs at 18 m, somewhat above 2004 quarterly average due to increased debt leverage related to the minority buy-out of KBL (+530 m). Debt funding will be gradually reduced in the next quarters

19. 19 Segment structure – cont’d KBC Group NV KBC Insurance KBC AM KBL epbGevaert KBC Bank CEE Markets European private banking Gevaert Retail SME/Corporate 1 2 1. Primary segmentation by business segment 2. Additional breakdown by area of activity

20. 20 Reminder Changes as of 1Q 2005: Allocation of capital: Tier-1 of 8% (with 15% hybrid), previously 7% No further allocation of goodwill Integration of ‘Asset management’ business into retail and corporate divisions Additional areas: ‘European private banking’ and ‘Gevaert’ * Use of IFRS reporting standards Areas of activity in 2005: * 1.Retail bancassurance (mainly in Belgium) 2.Central and Eastern Europe 3.Corporate services (SME and corporates) 4.Market activities 5.KBL European private banking 6.Gevaert * Best-efforts approach for 2005 – will be reassessed in the future

21. 21 Retail Belgium and CEE Pro forma Net profit (m) Pro forma Net profit (m) CEE RETAIL BELGIUM Retail Belgium: Net profit in line with previous quarter and 3x higher y-o-y driven by: sound revenue growth (investments-related) sustained cost discipline absence of credit provisioning and strong non- life underwriting performance normalization of value impairments on the investment portfolio (delta of 115 m) ‘Private banking Belgium’ sub-segment contributes 17m ROAC at 33% (pro forma FY04: 22%) CEE: Profit contribution of 191 m, of which 181 m in banking (of which 68 m one-off) and 10 m in insurance. ROAC at 66% (pro forma FY04: 27%) In CR/Slovakia: strong quarter (150 m), though backed by one-off (68m) and M2M of derivatives (20m) and zero credit provisioning Hungary: further positive development of operating results, but higher loan-loss provisions (LLR 0.73%, similar to that of major peers). Profit at 10 m Poland: strong quarter (23 m, of which 17 m in banking) with improved C/I and zero credit provisioning

22. 22 Earnings momentum in CEE, banking * Pro forma CSOB, C/S Rep. In m EUR 1Q05 ROAC: 120% K&H, Hungary In m EUR 1Q05 ROAC: 17% Kredyt Bank, Poland In m EUR 1Q05 ROAC: 32% NLB, Slovenia In m EUR

23. 23 SME and wholesale activities Pro forma Net profit (m) Pro forma Net profit (m) CAPITAL MARKETS SME/CORPORATE SME/corporate: Strong profitability trend of 2004 continues as a result of, inter alia: absence of loan losses sustained solid technical result from reinsurance Quarterly profit level even higher than that of previous quarters, thanks in particular to a commercial real estate transaction (12 m) ROAC at 25% (pro forma FY04: 19%) Capital markets: Profit contribution continues to be at level registered in previous quarter, but below record high of 1Q 2004 (when exceptionally fine results were booked in share and bond derivatives) Income form convertibles & equity derivatives trading was particular weak ROAC at 42% (pro forma FY04: 34%)

24. 24 2005 profit outlook The profit for the quarter cannot be extrapolated to the entire year. Nevertheless, KBC continues to be positive for the rest of 2005 Tight cost control is being maintained There are no signs of any substantial decline in credit quality The impact of M2M of financial instruments has so far been relatively limited, due among other things to a adequate ‘hedge policy’, which will continue to be implemented The interest rate environment is a factor of uncertainty Reiteration/reconfirmation of previous guidance: 2005 net profit will be at least 1 825 m (= adjusted pro-forma figure for 2004) KBC will renew its financial objectives (previously set for the period 2002-2005) taking into account the impact of IFRS and the group enlargement. Disclosure on 23 June 2005.

25. Foto gebouw Financial highlights - 1Q 2005 - Group performance - Headlines per segment FY 2005 profit outlook Additional information on 1Q 2005 results 2004 pro forma IFRS quarterly accounts

26. 26 Group income statement, 1Q 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 898 0 19 71 56 321 149 131 729 10 -5 106 -81 19 0 0 2 4 0 88 0 38 0 2 45 2 100 24 -2 0 1 20 4 0 23 -16 0 0 0 0 -2 105 1 048 729 34 133 168 429 215 Gross income1 5139079421146882 756 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 -807 2 4 -2 0 0 12 -123 -16 -1 -14 -612 -17 0 -15 0 0 0 0 0 0 -134 -1 1 0 0 0 1 -20 0 0 0 0 0 8 -108 0 0 0 0 0 0 -1 104 -15 3 -16 -612 -17 21 Profit before taxes720140797733-201 030 Income tax expense Minority interests -196 -54 -18 0 -21 0 -21 -3 -2 0 2020 -256 -57 Net profit470122585332-18717

27. 27 Gross income - reconciliation As of 1Q04: incl. insurance and KBL 1Q05: IFRS reclassification from ‘trading’(-) to ‘interest’(+) As published (B-GAAP), KBC Old Pro forma (IFRS 2004), MergCo IFRS 2005 3 462 2 517 3 178 3 175 2 756 As of 1Q04: incl. insur. sales commissions (-) and KBL’s fee income (+) As of 1Q05: excluding unit-linked volumes As of 1Q04: ‘gross’ instead of ‘net premium’ Investment income insurance largely to ‘interest income’ Net interest income Net fee & commission income Net realized gains AFS Dividend income, net gains from FI at FV, other income. Gross earned premium

28. 28 Operating expenses - reconciliation IFRS reclassification as of 1Q04: incl. operating provisions 4Q04 lifted by staff profit-sharing bonuses and marketing costs 1Q05 down due to cost cutting, low provisioning & timing differences 4Q04 lifted at KBL by restructuring provision As published (B-GAAP), KBC Old Pro forma (IFRS 2004), MergCo IFRS 2005 1 103 1 071 1 004 1 424 1 147 1 105 1 269 1 104 1 129 IFRS reclassification as of 1Q04: paid commissions to ‘commission income’ Banking +AMInsurance Holding CoKBL epb Gevaert

29. 29 Impairments - reconciliation 1Q04: high equity impairments (under IFRS, impact not compensated by write- back of dedicated provisioning, as was the case under B-GAAP) As published (B-GAAP), KBC Old Pro forma (IFRS 2004), MergCo IFRS 2005 15 152 90 44 79 Under IFRS, no further amortization of goodwill (avg. 10m/Q) KBL’s 10 m write-back explains delta with B-GAAP Zero credit-loss provisioning 11 m real-estate impairments KBL’s 10 m provisioning explains delta with B-GAAP KBL/Gevaert’s 18 m write-back explains delta with B-GAAP

30. 30 Areas of activity overview, 1Q 2005 (1) (in m euros and % y-o-y) RetailCEESME/ Corp. MarketsKBLepbGevaertTotal Banking and AM Gross income Operating expenses Associates Income tax expense Minority interests Net profit – group share 659 (+13%) - 371 (-2%) 0 (-) - 87 (58%) 0 (-) 213 (47%) 522 (+47%) -253 (6%) 1 (-) - 59 (79%) -25(-233%) 181 (157%) 258(+13%) -94 (15%) 0 (-) - 44 (15%) 0 (-) 123 (19%) 207 (-28%) -93 (-38%) 0 (-) - 40 (15%) 0 (-) 75 (19%) 211 (13%) -134 (10%) -1 (-) - 21 (-) -3 (-) 53 (22%) 1 608 (+1%) -822 (-18%) 12 +20%) - 218 (+59%) -54 (+23%) 528 (+38%) Insurance Gross income Operating expenses Associates Income tax expense Minority interests Net profit – group share 618 (-45%) - 74 (-4%) 0 (-) - 11 (-91%) 0 (-) 82 (-241%) 203 (13%) - 41 (0%) 0 (-) - 6 (-326%) - 2 (-259%) 10 (-241%) 79 (-) - 8 (-) 0 (-) - 1 (-) 0 (-) 12 (-102%) 907 (+34%) - 123 (-1%) 0 (-) - 18 (64%) 0 (-) 122 (-) Holding Co Net profit – group share 32- 18 Group total Net profit – Group share Share in group result ROAC 295 (238%) 41% 33% 191(191%) 27% 66% 134 (24%) 19% 25% 75 (-15%) 10% 41% 53 (+22%) 7% 18% 32 (84%) 4% 13% 717 (91%) 24% (1) excl. Non-allocated

31. 31 CEE banking - I/S details, 1Q 2005 1Q 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 123 884 3 513 18 912 4 319 57 693 114 448 50 413 0 11 509 1 463 16 227 3 360 53 478 13 25 276 -49 24 580 2 645 Gross income322 76982 972105 942 Operating Expenses Impairments Share in result of associated companies Taxes -122 394 4 571 0 -53 537 -59 358 26 579 -1 332 -68 403 -9 669 736 -7 760 Net statutory profit151 40922 88720 84623 083 Profit contibution to Group Net statutory profit Consolidation adjustments Minority Interests Results of capital allocation 147 715 151 409 19 057 -16 943 - 5 807 17 112 22 887 - 509 - 2 895 - 2 372 7 416 20 846 - 497 5 083 - 7 850 Profit contribution, Group share ROAC ROI 147 715 120% 34% 17 112 32% 11% 7 416 17% 15% 8 423

32. 32 IFRS balance sheet in m euros 31-Dec-04 IFRS 2004 01-Jan-05 IFRS 2005 Main changes due to IAS 32/39 and IFRS 4 31-Mar-05 IFRS 2005 Loans and advances to customers Securities Loans and advances to banks Derivative financial instruments Property and equipment (excl invest. property) Goodwill and other intangible fixed assets Investments in associated companies Other assets 111 177 98 862 38 463 15 376 2 300 1 086 1 228 16 671 110 692 100 578 17 324 108 421 107 847 43 989 16 209 2 247 1 379 1 156 14 960 Deposits from customers and debt securities Deposits from banks Derivative financial instruments Gross technical provisions, insurance Liabilities under investment contracts, insurance Other liabilities 157 712 55 083 17 728 13 259 3 931 23 351 20 524 13 068 166 474 54 132 20 366 13 383 4 195 22 712 Total equity - Parent company equity - Minorities 14 099 12 328 1 771 13 136 14 946 13 316 1 630 Balance sheet total285 163296 208

33. 33 Composition of portfolios Assets as at 31-Mar-05 Value at 31-03-05 Valuation (volatility impact) Loans and receivables Mortgages, consumer credit & corporate loans 121.9 bnAmortized cost (no impact from volatility in valuation) HTM instruments Bonds9.6 bnAmortized cost (no impact from volatility in valuation) AFS instruments Bonds Equity 38.2 bn 5.2 bn Fair Value (adjustments recognized in shareholders’ equity) HFT instrumentsTrading portfolios & heding derivatives 62.2 bn Fair Value (adjustments in P&L) Financial instruments at Fair Value Loans Bonds Equity 22.6 bn 21.5 bn 4.4 bn

34. 34 Number of shares 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 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 Net profit (in m EUR) 717 Basic number of shares 357 990 384 Diluted number of shares 368 187 859 Basic EPS (euros) 2.00 Diluted EPS (euros) 1.96

35. Foto gebouw Financial highlights - 1Q 2005 - Group performance - Headlines per segment FY 2005 profit outlook Additional information on 1Q 2005 results 2004 pro forma IFRS quarterly accounts

36. 36 Important information Pro forma figures 2004 are drafted according to the European IFRS. It is important to highlight that the impact of IFRS 32/39 on the valuation of financial instruments and of IFRS 4 on insurance contracts is therefore not included. As a result, the 2005 figures (which include the impact of the stated valuation rules) are not fully comparable with 2004 pro forma figures.

37. 37 Main changes in valuation rules, 2004 Compared with Belgian GAAP Impact on earnings Impact on book value Impact’s start Presentation of own equity before profit appropriation (instead of after profit appropriation) X2004 Stricter criteria for recognition of provisions (IAS 37) XX2004 Recognition of deficit/excess of defined benefit pension plans (DBP) (IAS 19) XX2004 Broader criteria for recognition of deferred taxes (IAS12) XX2004 Reclassification from operating to finance lease (IAS 17) XX2004 Correction of depreciation of tangible assets and capitalization of internal software (IAS 16/38) XX2004 Impairment testing of goodwill and no further depreciation (IAS 36 and IFRS 3) XX2004 Other miscellaneous changes with limited impact, such as inclusion of SPVs in scope of consolidation, etc. XX2004

38. 38 Main changes in valuation rules, 2005 Compared with IFRS 2004 Impact on earnings Impact on book value Impact start Deposit accounting for unit-linked life products (IFRS 4) 2005 Derecognition of catastrophe / equalisation provision (4) XX2005 Insurance liability adequacy test (IFRS 4) XX2005 Adjustment of loan losses (NPV-approach and recognition of portfolio-based provisions) (IAS 32/39) XX2005 Recognition impairments on equity investments (32/39) XX2005 Deduction of treasury shares from own equity (32/39) XX2005 Convertible bonds to be considered as own equity (32/39) XX2005 Marking-to-market,‘bonds available for sale’ (IAS 32/39) X2005 Marking-to-market, ‘bonds at fair value’ (IAS 32/39) XX2005 Marking-to-market, ‘shares available for sale’ (IAS 32/39) X2005 Marking-to-market, ‘shares at fair value’ (IAS 32/39) XX2005 Marking-to-market, derivatives not held for trading (32/39) XX2005

39. 39 Reminder: impact on FY2004 accounts Impact on own equity * Impact on P/L * in m EUR * Pro forma 2004 (excl. IAS 32/39 and IFRS 4) versus Belgian GAAP

40. 40 Impact of IFRS standards on 1Q 2004 Impact on own equity 31Mar04* Impact on P/L 1Q04 * in m EUR * Pro forma 2004 (excl. IAS 32/39 and IFRS 4) versus Belgian GAAP

41. 41 IFRS quarterly income statements, 2004 GROUP TOTAL (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 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 3 833 5 158 231 725 503 1 404 479 Gross income3 1753 1782 5173 46212 333 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 -4 944 -365 -198 -150 -4 633 -68 22 Profit before taxes6026625775042 345 Income tax expense Minority interests -170 -55 -177 -51 -155 -57 -35 -29 -537 -193 Net profit3764343654401 615

42. 42 Banking - I/S details, 2004 BANKING SEGMENT (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 836 0 13 220 116 274 52 825 0 41 177 60 226 71 787 0 25 85 56 237 52 805 0 23 150 76 305 68 3 253 0 103 632 307 1 042 243 Gross income1 5111 4001 2411 4285 581 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 -989 -39 -42 3 0 0 10 -816 -72 -77 5 0 0 3 -848 -28 -14 0 0 0 19 -993 -80 -65 -15 0 0 3 -3 646 -220 -199 -7 0 0 35 Profit before taxes4935163833581 750 Income tax expense Minority interests -117 -44 -108 -41 -93 -45 -3 -38 -320 -167 Net profit3323672463181 263

43. 43 Insurance - I/S details, 2004 INSURANCE SEGMENT (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 102 1 275 5 2 64 -89 17 115 1 404 62 2 -2 -78 16 115 901 9 0 10 -88 32 131 1 577 9 0 49 -85 9 463 5 158 85 5 121 -340 75 Gross income1 3771 5189791 6925 566 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 -124 -128 -1 -127 -1 169 -5 3 -129 -36 -1 -35 -1 240 -22 7 -123 -27 1 -28 -771 -12 8 -135 29 -1 30 -1 454 -29 2 -511 -162 -2 -160 -4 633 -68 20 Profit before taxes-459855105213 Income tax expense Minority interests -11 1 -35 -4 -23 -1 -16 -1 -86 -5 Net profit-55583089122

44. 44 AM - I/S details, 2004 ASSET MANAGEMENT SEGMENT (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 0 0 3 0 0 76 0 0 0 1 4 1 86 1 0 0 0 1 1 86 1 2 0 9 5 0 87 0 2 0 13 10 3 335 2 Gross income819388102364 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 -13 2 0 2 0 0 0 -14 0 0 0 0 0 0 -14 1 0 1 0 0 0 -13 0 0 0 0 0 0 -54 2 0 0 0 0 0 Profit before taxes70787589312 Income tax expense Minority interests -19 0 -21 0 -23 0 -84 0 Net profit51585366228

45. 45 KBL - I/S details, 2004 KBL epb SEGMENT (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 72 0 1 1 12 97 5 43 0 4 8 0 92 10 30 0 3 36 21 85 17 36 0 2 31 22 102 17 181 0 10 75 55 375 50 Gross income187158193209747 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 -122 13 10 4 0 0 0 -135 11 5 8 0 0 0 -140 11 -2 12 0 0 1 -236 -20 -10 -15 0 0 1 -632 15 3 9 0 0 2 Profit before taxes783564-46132 Income tax expense Minority interests -22 -13 -7 -6 -16 -10 7979 -38 -21 Net profit432338-3074

46. 46 Gevaert - I/S details, 2004 GEVAERT SEGMENT (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 -5 0 0 1 1 0 34 -5 0 3 0 1 0 18 -5 0 2 0 4 0 33 -4 0 0 2 9 0 36 -19 0 5 3 15 0 121 Gross income32173343126 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 -21 0 0 0 0 0 7 -18 7 0 10 0 0 -69 -27 0 0 -3 0 0 6 -37 -5 0 1 0 0 21 -103 2 0 8 0 0 -35 Profit before taxes18-631322-10 Income tax expense Minority interests0 -2 0 -1 0 2020 -2 0 Net profit17-651225-12

47. 47 Holding Co - I/S details, 2004 HOLDING CO SEGMENT (in m euros)1Q 042Q 043Q 044Q 04FY2004 Net interest income Gross earned premium, insurance 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 -14 0 2 2 0 0 117 -14 0 10 0 0 0 121 -14 0 0 0 1 0 108 -13 0 2 0 0 0 123 -55 0 15 0 1 0 469 Gross income10511796113430 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 -117 1 0 0 0 0 0 -118 0 0 0 0 0 0 -109 0 0 0 0 0 0 -135 -3 0 -3 0 0 0 -479 -3 0 -3 0 0 0 Profit before taxes-13-2-13-25-52 Income tax expense Minority interests00 -1 0 -2 0 -8 0 Net profit-12-7-13-27-59

48. 48 CEE banking - I/S details, 1Q2004 1Q 2004 pro formaCSOBKBK&HNLB Net Statutory profit 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 122 579 1 267 5 661 5 283 50 250 16 805 54 491 32 2 584 2 784 10 055 4 412 51 036 0 19 543 1 114 15 586 4 044 Gross income201 84474 35891 323 Operating Expenses Impairments Share in result of associated companies Taxes - 114 043 - 3 708 0 - 28 216 - 59 559 - 2 111 2 168 - 740 - 63 211 9 128 559 - 6 621 Net statutory profit55 87714 11531 179 Profit contibution to Group Net statutory profit Consolidation adjustments Minority Interests Results of capital allocation 42 027 55 877 - 639 - 7 697 - 5 514 10 146 14 115 - 360 - 3 124 - 485 11 631 31 179 - 347 - 7 973 - 11 228 Profit contribution, Group share ROAC ROI 42 027 44% 12% 10 146 25% 6% 11 631 29% 23% 6 383