SOURCE: FORTIS

April 29, 2008 16:26 ET

Decisions taken by the General Meetings of Shareholders of 29 April 2008

BRUSSEL, BELGIUM--(Marketwire - April 29, 2008) -


The Annual General Meetings of Shareholders of Fortis SA/N.V. and Fortis N.V. have approved all proposals put forward by the Board of Directors.

Dividend

Fortis paid an interim dividend of EUR 0.70 per share in September for the first half of 2007, in line with the dividend policy of paying 50% of the full-year dividend for the previous financial year. The 2007 interim dividend adjusted for the rights issue amounts to EUR 0.586 per share.

Given the adjusted 2007 interim dividend of EUR 0.586 and a proposed final dividend of EUR 0.59, the total proposed dividend for 2007 comes to EUR 1.176 per share in cash. The final dividend will be payable from 27 May 2008.

Each Fortis share represents one share in each of the two Fortis parent companies, Fortis SA/NV and Fortis N.V. Shareholders can opt to receive the dividend from Fortis SA/NV, the Belgian source, or from Fortis N.V., the Dutch source. They need to make their preference known during the dividend election period.

The timetable is as follows:

2 May 2008 Ex-dividend quotation

2 May 2008 Start of dividend election period

20 May 2008 End of dividend election period

27 May 2008 Payment of final dividend for 2007 (coupon no. 41)

Final gross dividend paid out by Fortis SA/NV in Belgium will amount to EUR 0.59 per Fortis share. Final net dividend will amount to EUR 0.44, being gross dividend less Belgian dividend withholding tax of 25% in principle. Any shares accompanied by coupon no. 41 from the VVPR strip will be subject to Belgian withholding tax of only 15%, so net dividend of EUR 0.50 per share will be paid on those shares.

Final gross dividend paid out by Fortis N.V. in the Netherlands will amount to EUR 0.59 per Fortis share. Final net dividend will amount to EUR 0.50, being gross dividend less Dutch withholding tax of 15% in principle.

Dutch residents who have received VVPR strips under the rights issue are reminded that:

-- these instruments are intended to entitle Belgian residents to a reduced rate of Belgian withholding tax on dividends (15% instead of 25%) and do not entitle non-Belgian residents to any tax benefits

-- the VVPR strips are listed exclusively on Euronext Brussels, where they are traded at extremely low prices due to the low volumes of trade in these strips

-- financial institutions sometimes charge a fee for holding these strips in custody on a securities account Due to the above reasons, holders of VVPR strips in the Netherlands may request their bank to have Fortis cancel their strips at no charge before 30 June 2008.

Board of Directors

Count Maurice Lippens has been re-elected non-executive director for a period of four years, namely until the end of the Annual General Meetings of Shareholders of 2012.

Jacques Manardo has been re-elected non-executive director for a period of three years, namely until the end of the Annual General Meetings of Shareholders of 2011.

Rana Talwar has been re-elected non-executive director for a period of three years, namely until the end of the Annual General Meetings of Shareholders of 2011.

Jean-Paul Votron has been re-elected executive director for a period of three years, namely until the end of the Annual General Meetings of Shareholders of 2011.

Louis Cheung Chi Yan has been elected non-executive director for a period of three years, namely until the end of the Annual General Meetings of Shareholders of 2011.

Auditor

KPMG has been appointed sole auditor of the company for the financial years 2009, 2010 and 2011. Pursuant to their existing mandates, the current auditors PwC and KPMG will jointly perform the external audit of the 2008 annual consolidated accounts.

Amendments to the Articles of Association

The proposed amendments to the Articles of Association were also approved. The main amendments are: -- for Fortis SA/NV: the proposal to cancel the unappropriated balance of the authorised capital and the issue of new authorised capital for a period of three years. The new authorised capital was fixed at EUR 2,022,048,000

-- for Fortis N.V.: the proposal to raise the authorised share capital from EUR 1,948,800,000 to EUR 2,007,600,000 and the proposal to move the registered office of the company to Amsterdam 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 35.1 billion (31/03/2008), Fortis ranks among the 15 largest financial institutions in Europe. Our sound solvency position, our presence in more than 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available on www.fortis.com



Press Contacts: Brussels: +32 (0)2 565 35 84 Utrecht: +31 (0)30 226 32 19

Investor Relations: Brussels: +32 (0)2 565 53 78 Utrecht: +31 (0)30 226 65 66





Copyright © Hugin AS 2008. All rights reserved.

Contact Information