1. KBC Group Company presentation Winter 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.Financial highlights 4.Closing remarks on the equity valuation

5. Company profile Foto gebouw 1

6. 6 Market cap ranking in Euroland 1 BSCH (66 bn) 2 BNP Paribas (59 bn) 3 BBVA (50 bn) 4 Deutsche Bank (45 bn) 5 Société Générale (44 bn) 6 Crédit Agricole (39 bn) 7 ABN AMRO (39 bn) 8 Unicredit (32 bn) 9 Fortis (32 bn) 10 KBC (27 bn) 11 Intesa BCI (243 bn) 12 Dexia (20bn) 13HVB (20 bn) 14San Paolo IMI (19 bn) 15 Allied Irish Banks (15 bn) 16 Bank Austria (15 bn) 17 Commerzbank (14 bn) 18 Bco Popular (13 bn) 19 Mediobanca (12 bn) 20Bank of Ireland (12 bn) Data as at 14 Nov. 2005 DJ Euro Stoxx Banks constituents

7. 7 2005 Historic milestones 2004200320022001 2000 19991998 Creation of KBC (domestic merger in Belgium) Start of CEE expansion Restructuring of Belgian business Leading presence in CEE-5 Improving profitability in CEE: -cross-selling - cost efficiency - cross-border synergies Merger with parent company to simplify shareholder structure

8. 8 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 Belgian farmers’ association (MRBB) and a syndicate of industrialist families Shareholder identification as at 31 Dec. 2004 (before merger with Almanij) Situation as at 30 Sept. 2005

9. 9 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 (76 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 capital markets. Revenue - geographical breakdown (9M 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 - capital markets

10. 10 2005 9M 23% 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 20049M 2005 162 m279 m Czech Republic Total assets, bank: 18 bn EUR Market share, bank: 21% (No. 2) Market share, life: 8% (No.4) Market share, non-life: 4% (No. 6) Profit contribution, Poland 20049M 2005 25 m61 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 20049M 2005 31 m23 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. 9) Market share, non-life: 4% (No. 4) Profit contribution, Slovenia 20049M 2005 26 m18 m Minority stake (34%) Market share, bank: 41% (No. 1) Market share, life: 6% (No. 5)

11. 11 Total banking assets in CEE Source: S&P – figures as at 31 Dec. 2004 In million euros

12. 12 KBC’s European banking network Situation as of 30-Sep Private banking (Assets under Management) Belgium 27 bn CEE 3 bn Western Europe 46 bn TOTAL 76 bn Commercial banking (credit exposure) Belgium74 bn CEE27 bn Western Europe51 bn Rest of the world16 bn TOTAL168 bn Spain Italy Luxembourg France Germany Poland Switserland U.K. Belgium Ireland Netherlands Hungary Czech Rep. Slovakia Monaco Slovenia

13. 13 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 based on B-GAAP)

14. Strategy and earnings drivers Foto gebouw 2

15. 15 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 “Execution is key”: Primarily organic growth agenda in core markets Committment to further enhance efficiency Conservative risk culture Continuing to deliver a consistent financial performance: ROE  16% Double-digit EPS growth

16. 16 We build a solid future 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%

17. 17 Do not underestimate market potential: KBC Group is well positioned: 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 After a temporary surge in price competition (late 2004/early 2005), price rationality is tending to be restored, epecially for interest-bearing products. 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) Leading position in retail AM through innovative product offering (steadily increasing market share over the past 10 yrs.) Still high cross-selling potential for insurance products and well-performing bancassurance distribution model Well-diversified revenue structure (50% fee income) and further increase in fee income targeted (e.g., in SME segment) Of the top players, level of customer satisfaction is high(est) Further cost efficiency improvement potential, among other things, via co-sourcing of back offices with other banks Value drivers in Belgium: overview

18. 18 Mid-term financial outlook, Belgium Gross incomeC/I, bankingLLRNet profit Retail *5% CAGRLow 60s< 0.25%>10% CAGR Business customers * >2% on RWA< 43%< 0.35%>10% CAGR * Related to parent-company operations only; excl. subsidiaries

19. 19 Strong market-growth momentum: KBC Group is well positioned: Value drivers in CEE - overview  Nom. GDP growth in 2005-07 at 6.5% yearly, outgrowing EMU by 3-3.5%  Ongoing catch-up in product penetration – retail volumes growing at double-digit pace:  Mortgages: up 28% ytd (9M05)  AUM: up 33% ytd (9M05)  Written premiums, life: up 23% ytd (9M05)  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 with nationwide branch networks  Strong competitive position for enhancing cross- selling of asset management and insurance products and well positioned in HNWI and private-banking sectors through epb know-how  C/I still on the high side in several countries, inducing further improvement, e.g., by setting up cross-border platforms  Adequately provisioned balance sheets Availability of capital within the Group for: buy-out of third-party interests or selective bolt-on M&A more aggressive organic growth in Poland since immediate M&A opportunies are not expected Potential entry into new markets (e.g., Romania, Croatia)

20. 20 Value drivers in CEE: bancassurance KBC 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: A unified management responsibility was put into place (joint management committee of bank and insurance company) KBC’s bancassurance distribution model has been implemented and sales incentives and adequate sales approach for cross-selling set up Know-how has been transferred and business processes and IT systems are being adequately streamlined = distinguishing factor vis-à-vis other CEE players Cross-selling results are encouraging:

21. 21 Value drivers in CEE: asset management KBC is well positioned: Strong appetite for ‘risk-free’ investments in the market, fully in line with KBC’s core competencies and successful track record in Belgium for capital-guaranteed funds Cost/AUM below average (around 15 bps vs. 20 bps for Europe) Results are encouraging: In 9M05, AUM grew by 43% annualized. Continued high growth expected in coming years Via the funds business, new customers are being recruited. Existing customers who use deposits to buy funds replenish their deposit accounts after one year Market share 200320041H05Trend CZ19%22%26%+++ HU8%9%11%++ SK6%7%8%+ SLO-8%10%++ PL3%4% +

22. 22 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% AUM growth, mutual funds AUM growth, pension producs AM15% – 20%10% - 20%

23. 23 Value drivers in private banking Dual brand strategy: ‘network-led’ vs. ‘independent boutique’ Growth drivers: network trade-up, extension of product offering and hiring of private bankers Business model: integrated private banking business in selected European markets focusing on clients with >€1m of investable assets. The network has been built over the past few years via separate acquisitions. Operations will now be further integrated. Total assets currently amount to 76 bn (Sep-05) Integrated network of local pure-play private banking brands (boutique style with strong status/heritage, esp. in Germany, Spain, Netherlands, UK) Priority of reducing costs by creating synergies within a central ‘hub’ Growth drivers: increased share of wallets, 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 Small today, but strong market growth expected (>15% p.a.) Strengthening a network-led model, leveraging Belgian experience BelgiumW. Europe onshoreW. Europe offshoreCEE AUM expected to grow at 9% CAGR on an organic basis Opportunistic acquisitions may imply investments of 150-250 m per year AUM 28 bn AUM 27 bn AUM 18 bn AUM 3 bn

24. 24 Mid-term financial outlook, private banking AUM growthNet profitCost/Income Private Banking9% CAGR *10% CAGR< 55% *14% Belgium, 15% CEE, 0% offshore and 10% W. Eur. onshore

25. 9M 2005 Financial highlights Foto gebouw 3

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

27. 27 Profit trend, 3rd quarter 2005 Net profit m EUR All major business units delivered excellent results in Q305, even though past Q3s have nearly always been weaker than other quarters (–30% q/q on avg.) Profit in CEE was down somewhat q/q, despite higher banking income/lower costs, as credit losses returned to more ‘normalized low’ levels (these were almost zero in Q2) Main drivers were: Strong volume growth momentum, e.g.:  Mortgages +6% q/q  Life insurance reserves: +8% q/q (esp. unit-linked)  Assets under management: +6% q/q Net positive impact of developments in interest rate and equity markets Very low credit-risk provisioning

28. 28 Profit trend, 9 months 2005 9M 2004 pro forma 9M 2005 9M/9M9M/9M excl. one-offs Gross income, net of technical insurance charges 5 6526 154+9%+6% Operating expenses-3 520-3 490-1% Operating result2 1322 664+25%+17% Impairments-286-54-81% Net profit (after tax and minorities) 1 1751 796+53%+32% Cost/income ratio, banking Loan-loss ratio, banking Combined ratio, non-life Return on equity 62% 0.20% 94% 14% 58% 0.04% 95% 19% Notes: 1)One-offs include the disinvestment loss at Agfa Gevaert (net bottom-line impact of –80 m) in Q2 2004, the income related to the settlement of a ‘historic’ loan (+68 m net) and the ‘non-recurring’ value gains on shares of Irish insurer FBD (+68 m net) in Q1 2005. 2)All 2004 figures exclude impact of IAS 32/39 and IFRS 4

29. 29 1. Net profit at 1.8 bn, up 53% y/y, generating a return on equity of 19% 2. Underlying profit (excl. main one-offs) growing at 32% 3. Strong business volume growth across our activities and geographies, generating strong commission income (+22%) and highly offsetting impact of flattened yield curve on net interest income 4. Profit from mark-to-market of financial instruments and capital gains realized on investments signifcantly lower than 2004 (though partly due to IFRS valuation rules) 5. Downtrend in expenses (-1 % y/y) - cost/income ratio (banking) at 58% 6. Sustained low combined ratio, non-life (95%) 7. Very low credit-risk provisioning (loan-loss ratio at 0.04%) 8. Reminder: comparison of individual P/L lines with pro forma 2004 figures distorted by application of IFRS 32/39 and IFRS 4 as of 2005 9. Business outlook for 2005 remains positive Highlights, 9 months 2005

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

31. 31 Solid underlying revenue trend IFRS reclassifications distort y/y comparison (among other things, non-recognition of unit-linked premiums) H1’s solid trend in F&C income continued in Q3 (452m, up 10% q/q and 40% y/y) Banking NIM: up q/q from 1.63% to 1.69%, benefiting from, among other things, 25 bps deposit rate cut in Belgium (however, other one-off impacts, as well) Record level of life insurance premium income (1.3 bn - mostly unit-linked, driven by low interest rates and good stock market performance) Down 511m y/y, due to non-recognition of 2.1 bn new unit- linked premium volume under IFRS 2005 Apart from one-offs (173m in Q1), solid revenue ‘quality’: NII: volume growth and refinancing fees offsetting negative impact on NIM of flattened yield curve. NIM down -9 bps y/y to 1.65%. High level of life insurance premium income (3.3 bn) Strong F&C income (+29%) * Sales of unit-linked life insurance, recognized differently under IFRS 2005 2.1 bn* 1.0 bn* 0.6 bn* 0.5 bn* IFRS 2005 IFRS 2004

32. 32 Business volumes, growth trend Growth, 3Q 05 (q/q)+1%+6%+1%+8%+6% Belgium-1%+4%-3%+8%+6% CEE - CZ/Slovakia - Hungary - Poland +5% +7% +8% -6% +10% +11% +10% +9% +5% +6% +2% +6% +7% +4% +5% +28% +11% +7% +17% +6% Rest of the world+2%+9%+4%-+6% Note: growth trend excl. (reverse) repo and interbank activity Outstanding (in bn)1133215816171 Total loansOf which mortgages Customer deposits Life reserves AUM Growth, 9M 05 (ytd)+8%+17%+8%+19% Belgium+8%+12%+2%+19%+22% CEE - CZ/Slovakia - Hungary - Poland +7% +13% +12% -10% +28% +27% +34% +16% +22% +29% +12% +3% +23% +17% +54% +39% +33% +31% +97% +14% Rest of the world+10%+25%+12%-+14%

33. 33 NIM / IR sensitivity NIM trend Group, total*+0.01%-0.02%+0.06%-0.09% whereof Belgium+0.00%-0.10%+0.06%-0.01% whereof CEE-0.10%-0.06%-0.13%-0.34% Q1 05 (q/q trend) Q2 05 (q/q trend) Q3 05 (q/q trend) 9M 05 (y/y trend) In Q3, NIM went up 6 bps, benefiting from, among other things, a deposit rate cut in Belgium. YtD NIM is down 9 bps, impacted by margin erosion in CEE (offset by volume growth, F&C income and lower cost of risk) The P/L impact of a 50-bps parallel upwards shift of the yield curve would have a positive impact of appx. 10 m euros (assuming deposit rate in Belgium remains stable) vs. the base scenario for 2006 with a 2% ECB rate and 3.75% 10-y Govi yield * For comparison purposes vis-a-vis 2004, impact of IFRS 32/39 has been been neutralised

34. 34 Sustained favourable y/y cost trend Ytd expenses down 30m (-1%), mainly due to cost- cutting efforts in the Belgian banking business in 2004 Cost/income ratio, banking, down from 62% to 58% As expected, cost level - down 32m q/q since Q2 - was negatively impacted by one-off merger-related costs (20 m) and catch-up on underusage of expense budgets in Q1 (20m) 3Q includes update of provisions for legal risks Y/y trend: +3% since staff profit-sharing bonuses were very low in Q3 04 (very poor performance at KBC Financial Products) -1%

35. 35 Historic low impairment level Impairments down 232 m (-81%) on the back of limited credit risk and solid equity markets Loan-loss ratio down from 0.20% in FY 04 to 0.04% - 81 % Q3 impairments remain at historic low levels (net write-back of 3m) LLRFY 03FY 049M 05 Belgium0.24%0.09%0.00% CR/Slovakia0.34%0.26%0.21% Hungary0.32%0.64%0.72% Poland8.68%0.69%0.00% International0.48%0.26%0.00% Total0.71%0.20%0.04%

36. 36 Excellent underwriting result, non-life Combined ratio at 95% on the back of Sound risk management (claims ratio at 64%) Good cost control (expense ratio at 31%) Favourable claims environment in all markets Q3 sligthly higher q/q, mainly due to seasonal pattern in expense ratio C/RFY03FY049M05 Belgium93%92%94% Czech Rep.102%99%92% Slovakia146%138%120% Hungary103%98%95% Poland-95%99% R/I100%98%90% Total96%95%

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

38. 38 Segment structure KBC Group NV KBC Insurance KBC AM KBL epbGevaert KBC Bank Primary segmentation by business segment

39. 39 Banking: Q3 05 profit contribution at 363 m: Good top-line mix, commissions particularly strong, not boosted by gains and trading income, NII up (however, significant one-off positive impact) Costs flat q/q (incl. 40m provision related to legal files) Once again, very limited loan-loss charges (3m) 9M05 earnings at record level of 1.1 bn, driven by: Strong commission income (+22%) Strict cost control: -3% y/y (C/I at 58% incl. AM) Limited credit cost (4 bps) One-off income related to settlement of historic loan dispute in Slovakia in Q1 (68 m net) Insurance: Strong Q3 05 results, in line with Q1/Q2 (without significant capital gains and dividend income as in the 2 previuos quarters), due to: Record level of sales of life products (1.3 bn), mostly unit- linked (recognized as F&C income) Limited M2M gain (9m) & write-back of impairments (8m) 9M05 earnings increasing to 366m on the back of: High sales of life insurance (3.3 bn euro), boosting life reserves by 19% Excellent underwriting performance (CR, non-life, 95%) Higher investment income, partly due to the gain on the disposal of the participation of FBD (net non-recurring impact: 68 m) Low impairment charges on portfolios (extremely high in 1Q 04) Key points, business segments BANKING INSURANCE Net profit (in m) 4 Qs moving average

40. 40 Net profit (in m) Key points, business segments Asset management: AUM in 3Q05 up 6% (o/w 40% new money inflows), boosting net profit contribution to 74m 9M05 earnings at 200m, +38m y/y (+23%) driven by increased AUM: AUM in 9M05 up 22% to 102 bn (60% due to new inflows) C/I at 14% Net margin on AUM at 2.9% Note: total AUM within the Group: 186 bn Asset management segment: 87 bn (3rd party) + 15 bn (group assets) Banking segment: 24 bn (mostly private and HNWI assets in Belgium and CEE) European private banking segment: 60 bn (o/w 52 bn of private banking customers) European private banking: 3Q05 profit contribution (39 m) in line with previous quarter: M2M of trading instruments was compensated by better NII of trading instruments, the reversal of impaiments on AFS assets and a positive tax impact AUM increased by 9% (partly due to expansion of consolidation scope ) 9M05 earnings at 133m, up 29 m (+28%): Sustained growth trend of F&C income out of private banking and custody operations Even higher cost level (C/I at 72%, but negatively impacted by 20 m in restructuring charges) EUROPEAN PRIVATE BANKING 4 Qs moving average Net profit (in m) ASSET MANAGEMENT 4 Qs moving average

41. 41 Key points, business segments Net profit (in m) HOLDING COMPANY GEVAERT Gevaert: Downsizing of non-core activities is progressing according to plan: Gevaert to disappear as seperate ‘business line’ 3Q05 negative profit contribution related to: The ‘unwinding process’ (8 m impairment loss and 10 m taxes on intragroup dividend upstreaming ) Earnings loss at Agfa Gevaert (-38 m impact) mainly due to rise in restructuring provisions (Agfa Photo) 9M05 profit contribution of 59 m largely driven by gains on disposals Holding company: 3Q05 net holding company results (-14 m) at ‘normalized’ level 9M05 net charge at –73 m, quite high due to: One-off costs in Q2, related to Almanij-KBC merger: expenses for redemption of stock option plan at KBL that was delisted (15 m) and external advisory services (5 m) Costs of debt related to minority buy-out of KBL (already partly reduced in Q3) Elimination of dividends received on own shares (IFRS 2005) (9 m in Q2) 4 Qs moving average

42. 42 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

43. 43 Retail Belgium and CEE Retail Belgium: Strong profitability trend continues in Q3. Profit contribution up 15 m q/q supported by deposit rate cut, among other things. 9M05 earnings at 799 m, up 440 m (x2.2), generating ROAC of 29% (15% in 9M04): sound revenue growth (esp. related to investment products and mortgages) sustained cost discipline (-3% y/y), C/I 57%(67% in 9M04) Solid P&C underwriting performance: C/R stable at 94% absence of credit provisioning (LLR 0%) and normalization of value impairments on the investment portfolio (184 m impairments in 9M04) ‘Private banking’ sub-segment contributes 49 m in 9M05 (vs 32 m in 9M04) CEE: Q305 profit contribution at 105 m. Compared with Q2: higher banking income, lower costs (C/I 60%) but somewhat higher non-life claims (C/R 98%) and loan losses (LLR 26 bps) 9M05 earnings at 416m, up 175m (+73%) generating a ROAC of 48% (32% in 9M04): In CR/Slovakia: 9M05 earnings at 289 m (incl. one-off of 68 m in Q1), driven by steady loan growth, increased F&C income and strong C/I ratio (48%) Poland: 9M05 profit contribution of 82 m (incl. deferred taxes of 18 m) due to sound cost trend, growing insurance business and absence of loan losses Hungary: further positive trend of operating performance, but update of legal legacy provision and higher loan-loss provisions (LLR 0.72%, still lower then major peer). 9M05 profit at 27 m Net profit (in m) RETAIL (BELGIUM) 4 Qs moving average Net profit (in m) CEE 4 Qs moving average

44. 44 SME and wholesale activities SME/corporate customers: 3Q05 profit contribution (182 m) boosted by strong income from corporate finance / private equity business (including IPO of ‘Telenet’) and writeback of loan losses 9M05 earnings at 408 m, up 107 m (+36%), generating ROAC of 25% (18% in 9M04): Succesful income growth, including in corporate finance. Gross margin (on RWA): 3.2% (2.9% in 9M04) Low credit provisions: LLR at 0.01% (0.16% in 9M04) High cost efficiency: C/I at 33% (36% in 9M04) Solid underwriting result of outbound R/I activities: C/R 90% (94% in 9M04) Capital markets: 3Q05 profit contribution (58 m), slightly higher then level registered in previous quarters and driven by enhanced trading activity in convertibles/equity derivatives 9M05 earnings at 164m, up 7 m (+4%): Interest-rate and FX activities, equity brokerage and equity derivatives trading brought about a result improvement Income from convertibles trading, structured credit business and AIM weaker then last year 9M05 key ratios: Gross margin (on RWA): 6.9% (7.5% in 9M04) C/I at 58% (61% in 9M04) ROAC at 29% (31% in 9M04) Net profit (in m) SME / CORPORATE 4 Qs moving average Net profit (in m) CAPITAL MARKETS 4 Qs moving average

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

46. 46 FY 2005 profit outlook KBC continues to be positive on business development in Q4, with a strong sales result, a better interest rate climate and favourable equity markets trend On the other hand, the cost level is expected to be higher in Q4 on the back of one-off expenses (including some 100 m euros (before tax), among other things, for the redesigning of staff pension schemes). However, for the full-year, the guidance for a decline in costs and historic low loan-loss ratio remains valid Based on the prevailing view vis-à-vis the relevant economic and financial parameters, KBC’s 2005 net profit is expected to be approx. 2.2 bn euros

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

48. 48 Group earnings, by quarter (IFRS, in m euros)1Q042Q043Q044Q041Q052Q053Q054Q05 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 1 129 810 25 123 49 452 112 Gross income3 1753 1782 5173 4622 7562 9042 699 Operating expenses Impairments - of which on loans and receivables - of which 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 -1 177 3 -5 13 -696 -10 19 Profit before taxes6026625775041 030797800 Income tax expense Minority interests -170 -55 -177 -51 -155 -57 -35 -29 -256 -57 -212 -48 -208 -48 Net profit376434365440717536543 Of which banking insurance asset management european private banking gevaert holding company 332 -55 51 43 17 -12 367 58 58 23 -65 -7 246 30 53 38 12 -13 318 89 66 -30 25 -27 470 122 58 53 32 -18 314 124 68 41 31 -41 363 120 74 39 -38 -14

49. 49 3Q 2005 earnings, by business segment (in m euros)BankingInsuranceAMEpbGevaertHoldingGroup Net interest income Gross earned premium, insurance Dividend income Net gains from FI at FV Net realized gains from AFS assets Net fee and commission income Other income 932 0 19 116 13 293 80 141 810 10 9 29 -65 18 7 0 -7 7 0 106 1 65 0 3 -25 7 114 7 3 0 0 12 0 0 6 -13 0 0 3 0 0 105 1 129 810 25 123 49 452 112 Gross income1 45495311417021952 699 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 -8 -3 -3 0 0 9 -125 8 0 8 -696 -10 0 -15 0 0 0 0 0 0 -146 11 -1 8 0 0 1 -12 -8 -1 0 0 0 -29 -109 0 0 0 0 0 0 1 177 3 -5 13 - 696 -10 -19 Profit before taxes5771299936-29-13800 Income tax expense Minority interests -148 -66 -28 19 -25 0 4 -1 -10 0 -1 0 -208 -48 Net profit3631207439-38-14543

50. 50 3Q 2005 earnings, by area of activity (in m euros)RetailCEESME/ Corp. MarketsEpbGevaertTotal Banking and AM (incl. KBL) Gross income Operating expenses Impariments Income tax expense Minority interests Net profit – group share 620 -355 3 -83 0 185 439 -265 -34 -26 -16 100 313 -86 31 -64 17 176 183 -110 0 -15 0 58 169 -144 11 4 -1 39 21 -12 -8 -10 0 -38 1 757 -1 049 12 -197 -67 438 Insurance Gross income - tecbn. ch. Operating expenses Impairments Income tax expense Minority interests Net profit – group share 147 -76 6 -19 17 75 53 -43 0 -3 -2 5 18 -7 2 -6 0 6 245 -125 8 -28 19 120 Holding Co Net profit – group share -------14 Group total Net profit – Group share26010518258 39 -38 543 Excl. non-allocated results

51. 51 9M 05 earnings, by business segment (in m euros)BankingInsuranceAMEpbGevaertHoldingGroup Net interest income Gross earned premium, insurance Dividend income Net gains from FI at FV Net realized gains from AFS assets Net fee and commission income Other income 2 740 0 86 237 75 898 303 407 2 516 96 13 173 -213 47 5 0 0 15 1 289 3 144 0 10 57 28 320 40 1 0 3 26 37 0 55 -43 0 0 0 0 -2 335 3 251 2 516 194 348 314 1 290 444 Gross income4 3403 0413135981222908 359 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 -2 563 -41 -37 -2 0 0 26 -379 -12 0 -10 -2 161 -44 0 -45 0 0 0 0 0 0 -433 6 -2 9 0 0 3 -54 -7 0 1 0 0 -15 -361 0 0 0 0 0 0 -3 490 -54 -39 -3 -2 161 -44 14 Profit before taxes1 76244526817446-712 626 Income tax expense Minority interests -454 -162 -94 15 -68 0 -35 -5 -22 0 -3 0 -677 -153 Net profit1 14636620013324-731 796 Excl. intrasegment eliminations

52. 52 9M 05 earnings, by area of activity (in m euros)RetailCEESME/ Corp. MarketsEpbGevaertTotal Banking and AM Gross income Operating expenses Impairments Income tax expense Minority interests Net profit – group share 1 908 -1 089 10 -261 0 568 1 364 -790 -41 -96 -57 382 821 -269 -2 -148 17 384 593 -345 -2 -82 0 164 598 -433 6 -35 -5 133 122 -54 -7 -22 0 24 5 373 3 095 -42 -579 -167 1 503 Insurance Gross income (- techn. ch.) Operating expenses Impairments Income tax expense Minority interests Net profit – group share 520 -232 -9 -65 16 230 182 -125 -1 -13 -9 34 65 -22 -2 -16 -1 24 836 -379 -12 -94 15 366 Holding Co Net profit – group share -------73 Group total Net profit – Group share Share in group result ROAC 799 44% 29% 416 23% 48% 408 23% 25% 164 9% 29% 133 7% 15% 24 1% 3% 1 796 100% 19% Excl. non-allocated results

53. 53 Financial performance, analysis breakdown 2004 2005 2004 2005 20042005 * Gross income minus technical charges, insurance Return on adjusted equity

54. 54 Financial performance, analysis breakdown (2) *Gross income minus technical charges, insurance * in 2005, only partly recognized as ‘income’ 20042005 2004 2005 2004 2005 *Gross income minus technical chgs, insurance

55. 55 Banking performance in CR/Slovakia Income statement, CSOB Bank (CR/Slovakia) (in m euros) 1Q042Q043Q041Q052Q053Q05 Statutory accounts Net interest income Dividend income Net gains from financial instruments at fair value Net realized gains from available for sale assets Net fee and commission income Other income Gross income, total 123 1 6 5 50 17 202 120 -1 23 8 51 14 216 111 1 29 -0 53 8 201 124 4 19 4 58 114 323 128 2 26 2 57 9 224 129 -3 26 7 60 41 259 Operating expenses-114-120-122 -143-120 Subtotal88967920081140 Impairments Share in result of associated companies Taxes -4 0 -28 -6 0 -20 -14 0 -19 5 0 -54 2 0 - 7 -23 0 - 31 Net statutory profit5669461517686 Profit contribution to Group Net statutory profit Consolidation adjustments Minority interests 56 -1 -8 69 -1 -4 46 -1 -4 151 19 -17 76 -0 -7 86 -1 -7 Subtotal4865411546978 Transfer of income on excess capital to ‘Group item’-6 -5-6 -9 Profit contribution, Group share4259351486368 ReturnReturn on allocated capital, Ytd Return on investment, Ytd 44% 12% 49% 14% 42% 13% 120% 34% 83% 26% 73% 24%

56. 56 Banking performance in Hungary Income statement, K&H Bank (in m euros) 1Q042Q043Q041Q052Q053Q05 Statutory accounts Net interest income Dividend income Net gains from financial instruments at fair value Net realized gains from available for sale assets Net fee and commission income Other income Gross income, total 51 0 20 1 16 4 91 54 0 18 -0 18 1 90 63 0 17 0 23 3 106 54 0 25 -0 25 3 106 54 0 25 0 18 4 101 61 0 23 0 22 3 109 Operating expenses-63-66-70-68-74-84 Subtotal282437382825 Impairments Share in result of associated companies Taxes 9 1 -7 -11 1 -1 -10 1 -5 -10 1 -8 -16 1 - 3 -5 1 -5 Net statutory profit311323211016 Profit contribution to Group Net statutory profit Consolidation adjustments Minority interests 31 -0 -8 13 -0 -5 23 -0 -7 21 -0 -5 10 -0 -5 16 -0 -6 Subtotal2381615510 Transfer of income on excess capital to ‘Group item’-11-7-83 Profit contribution, Group share12710779 ReturnReturn on allocated capital, Ytd Return on investment, Ytd 29% 23% 22% 16% 23% 16% 17% 15% 18% 11%

57. 57 Banking performance in Poland Income statement, Kredyt Bank (in m euros) 1Q042Q043Q041Q052Q053Q05 Statutory accounts Net interest income Dividend income Net gains from financial instruments at fair value Net realized gains from available for sale assets Net fee and commission income Other income Gross income, total 54 0 3 3 10 4 74 53 0 6 -0 13 4 76 44 0 9 9 11 8 81 50 0 12 1 16 3 83 51 0 6 -3 6 5 66 52 0 7 2 13 3 78 Operating expenses-60 -51-59-54-59 Subtotal151729241219 Impairments Share in result of associated companies Taxes -2 2 -1 -7 1 -1 -12 4 -1 0 1 -1 12 -0 10 -6 0 9 Net statutory profit14920233423 Profit contribution to Group Net statutory profit Consolidation adjustments Minority interests 14 -0 -3 9 -0 -2 20 -0 -4 23 -1 -3 34 -0 -5 23 -0 -3 Subtotal11715192920 Transfer of income on excess capital to ‘Group item’-00-2-4 Profit contribution, Group share10714172816 ReturnReturn on allocated capital, Ytd Return on investment, Ytd 25% 6% 23% 5% 25% 6% 32% 11% 40% 13%

58. 58 Source : KBC Outlook, November 2005 Positive growth gap in CEE GDP, nominal growth % (incl. inflation)

59. 59 No. of shares outstanding In millions31/12/0431/03/0530/06/0530/09/05 No of ordinary shares outstanding366.4 Avg. no. of shares for basic EPS: - ordinary shares - mandatory convertibles (+) - treasury shares (-) - total, end of period - total, average most recent quarter - total, average year-to-date 366.4 2.6 -9.6 359.5 259.5 359.4 366.4 2.6 -12.6 356.5 358.0 358.0 366.4 2.6 -9.1 360.0 358.3 358.1 366.4 2.6 -8.9 360.2 360.1 358.8 Avg. no. of shares for dilutive EPS: - basic no of shares - stock options (+) - other convertible bonds (+) - total, end of period - total, average most recent quarter - total, average year-to-date 359.5 5.0 5.2 369.7 370.1 370.5 356.5 5.0 5.2 366.7 368.2 368.2 360.0 4.0 5.2 369.3 368.0 368.1 360.2 3.8 5.2 369.2 369.3 368.5 The no. of ordinary shares outstanding is 366.4 million As in previous years, a limited share issue for staff members is planned before year-end (for your information, in the last 3 years, 0.2 m new shares per year were issued via similar plans) On 10 Dec. 2005, a 1998-2005 convertible bond comes to maturity – convertible into max. 5.2 million ordinary shares (but conversion price at 80 euro/share !)

60. Closing remarks on equity valuation Foto gebouw 4

61. 61 Valuation of the KBC share weighted P/E 2006 unweighted P/E 2006 CEE banks 2 14.414.3 CEE-exposed banks 3 12.313.4 Euro-zone banks 4 11.311.9 KBC 1 11.2 BEL banks 5 10.3 Key figures: Share price: 73.2 euros Net asset value: 42.4 euros 9M 2005 EPS: 5.10 euros Analyst estimates: 1 2005 EPS consensus: 6.14 (+36% y/y) 2006 EPS consensus: 6.52 (+6% y/y) 2006 P/E: 11.2 Recommendations: Positive: 64 % Neutral: 27% Negative: 9 % 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, RZB Int. 4 Top-20 DJ Euro Stoxx Banks 5 Fortis, Dexia Situation as at 14 November 2005 1 Smart consensus collected by KBC (22 estimates)

62. 62 Equity research coverage