SOURCE: FORTIS

March 07, 2007 12:32 ET

Composition of the Board of Directors

Proposal to bring forward date of General Shareholders Meetings

BRUSSEL, BELGIUM -- (MARKET WIRE) -- March 7, 2007 -- The Board of Directors will propose to the General Shareholders Meetings, which will be held on 23 May 2007, to re-elect as non-executive directors Baron Philippe Bodson, Mr Jan-Michiel Hessels and Mr Ronald Sandler for a three-year term. The General Shareholders Meetings will also be asked to re-elect Mr Baron Piet Van Waeyenberge, who will reach the 70-year age limit in 2008, for a one-year term. Mr Jan Slechte, reaching the age limit in 2007, is no longer eligible for re-election.

As announced in November 2006, the Board of Directors will propose to the General Shareholders Meetings to appoint Mr Herman Verwilst as executive director for a three-year term.

The Board will also propose to amend the Articles of Association to hold the General Shareholders Meetings in principle on the last Wednesday in April, instead of May. For 2008, the Annual General Meetings of Shareholders are planned for 29 April.

Jan Slechte joined Fortis as a Director in 1996 and was elected Vice-Chairman of the Board in 2002. The Board would like to express its deep gratitude to Jan Slechte for the significant contribution he has made - based on his international business and management experience - to the development of Fortis and to the Board's undertakings.

Herman Verwilst (CV in annex) has, as Chief Operating Officer, Fortis-wide responsibility for Human Resources, Technology, Information Services &, Operations, and Facility & Purchasing. In addition to his responsibilities as COO, Herman Verwilst has also been Fortis's Deputy CEO since 2000 and Chairman of the Management Committee of Fortis Bank since its creation in 1998.

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 39 billion (28/02/2006), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 44 countries and our dedicated, professional workforce of 57,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available on www.fortis.com

Annex

Herman Verwilst (1947)

Deputy Chief Executive Officer (Deputy CEO)

Chief Operating Officer

Herman Verwilst has a Master's Degree in Economics from the University of Ghent (1970), and a Ph.D. in Monetary Economics from the Johns Hopkins University, USA (1974). Prior to his career in the financial sector, Herman Verwilst gained experience in both the academic sphere and public service. After working as an economist with the IMF for two years, he joined the University of Ghent as Professor of Economics. He then moved on to public life, first as Head of the Private Office of the Minister for Economic Affairs and Planning from 1988 to 1991 and then as a Senator in the Belgian Federal Parliament from 1991 to 1992. Herman Verwilst moved to Banking in 1992 when he was appointed Chairman of ASLK-CGER Holding, then a state-owned company. Upon the acquisition of ASLK-CGER by Fortis in 1993, he became Managing Director and Chairman of the Executive Committee of ASLK-CGER Bank (1993-1996) and joined the Board of Directors of Fortis (1993-1996). Herman Verwilst went on to serve Fortis in several other capacities. He was Managing Director of AG 1824 (now Fortis Insurance Belgium) from 1997 to 1998; CEO of Fortis Belgium from 1997 to 1998; and Managing Director of Fortis (B) from 1997 to 2000. After Fortis acquired Générale de Banque in 1998, he headed Banking activities as Chairman of Fortis Bank. As Chief Operating Officer (appointed 2004), Herman Verwilst has Fortis-wide (Banking and Insurance) responsibility for Human Resources, Technology, Information Services &, Operations, and Facility & Purchasing. In addition to his responsibilities as COO, Herman Verwilst has also been Fortis's Deputy CEO since 2000 and Chairman of the Management Committee of Fortis Bank since its creation in 1998.

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