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direct/ FORTIS (BE) - Decisions taken by the General Meetings of Shareholders of 23 May 2007

05-24-2007 11:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FORTIS (BE)

The Annual General Meetings of Shareholders of Fortis S.A./N.V. and Fortis N.V. have approved all proposals put forward by the Board of Directors (including the proposals for dividend and the election and re-election of members of the Board of Directors).

Dividend
The meeting declared a gross dividend of EUR 1.40 per Fortis Share for the financial year 2006. As an interim dividend of EUR 0.58 per Fortis Share was paid in September 2006, the final dividend will amount to EUR 0.82 and will be payable from 14 June 2007.

The Fortis Share represents one share in each of the two parent companies, Fortis S.A./N.V. and Fortis N.V. Shareholders can opt to receive the dividend from Fortis S.A./N.V., thus from 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:

25 May 2007 Ex-dividend quotation
25 May 2007 Start of dividend election period
8 June 2007 End of dividend election period
14 June 2007 Payment of 2006 final dividend (coupon no. 38)

Final gross dividend paid out by Fortis N.V. in the Netherlands will amount to EUR 0.82 per Fortis Share. Final net dividend will amount to EUR 0.697, being gross dividend less Dutch dividend withholding tax of 15% in principle.

Final gross dividend paid out by Fortis S.A./N.V. in Belgium will amount to EUR 0.82 per Fortis Share. Final net dividend will amount to EUR 0.615, being gross dividend less Belgian withholding tax of 25% in principle. Any shares accompanied by coupon no. 38 from the VVPR strip will be subject to Belgian withholding tax of only 15%, so net dividend of EUR 0.697 per share will be paid on those shares.

Board of Directors
Baron Philippe Bodson has been re-elected non-executive director for a period of three years, namely until the end of the Annual General Meeting of 2010.

Jan-Michiel Hessels and Ronald Sandler have been re-elected non-executive directors for a period of three years, namely until the end of the Annual General Meeting of 2010.

Baron Piet Van Waeyenberge has been re-elected non-executive director for a period of one year, namely until the end of the Annual General Meeting of 2008.

Herman Verwilst has been appointed executive director for a period of three years, namely until the end of the Annual General Meeting of 2010.

Amendments to the Articles of Association
The proposed amendments to the Articles of Association were also approved.
The main amendments are:
- the dematerialisation of the Fortis Share in response to Belgian legislation requiring dematerialisation as from 1 January 2008
- authorisation of the Board of Directors to introduce a registration date system with respect to general shareholders´ meetings.
- bringing forward the date of the Annual General Meeting of Shareholders

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 43.2 billion (30/04/2007), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 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 at 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 32 20


Press release
http://hugin.info/134212/R/1128577/210186.pdf


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