KBC Groupe : KBC a mis sa participation de 16,17% dans Bank Zachodni WBK sur le marché

Le présent communiqué ne constitue pas une offre de vente de titres destinée aux États-Unis, au Canada, au Japon ou en Australie. Aucun des titres visés ici ne peut être offert ou vendu aux États-Unis, au Canada, au Japon ou en Australie sans enregistrement ou dispense d'enregistrement. Aucun titre visé ici ne fera l'objet d'une offre publique aux États-Unis, au Canada, au Japon ou en Australie.

Communiqué de presse

- Hors séance boursière - Information réglementée*

Bruxelles, 22 mars 2013

Ce jour, KBC Bank SA a mis sa participation de 16,17% dans Bank Zachodni WBK sur le marché par le biais d'une offre secondaire de titres. Le processus du "bookbuilding" a débuté le 18 mars et était réservé à des investisseurs institutionnels autorisés. La vente de 15.125.964 actions offertes (représentant 16,17% des actions existantes BZ WBK) au prix final d'offre de 245 PLN par action a rapporté 37,1 milliards de PLN (0,9 milliard d'EUR) à KBC et renforce sa position de solvabilité déjà solide avec 0,6%. Le ratio Tier augmentera dès lors à 14,7%. Pour KBC, cette cession constitue une étape majeure du déploiement du plan stratégique convenu avec la Commission européenne en 2009.

KBC et Santander, les actionnaires vendeurs, ont accordé une option inverse de couverture des surallocations (reverse greenshoe option) en vue de stabiliser jusqu'à 10% du volume final de l'offre ; Deutsche Bank AG, London Branch, a été nommé agent stabilisateur pour le compte des preneurs fermes.

Consécutivement à la clôture de l'offre, KBC et Santander respecteront chacun une période d'incessibilité de 90 jours, tandis que BZ WBK respectera une période d'incessibilité de 180 jours, sous réserve de certaines exceptions, en particulier à la demande des autorités de contrôle ou par suite d'engagements.

Cette cession d'actions clôture le désinvestissement de Kredyt Bank et la présence bancaire du groupe KBC en Pologne. Le désinvestissement de Kredyt Bank libère pour KBC un volume de capital de 1,0 milliards d'EUR sous Bâle II, dont près de 0,6 milliards d'EUR au premier trimestre 2013. L'impact du désinvestissement de Kredyt Bank (y compris le désengagement de cette participation de 16,17%) sur le ratio Tier 1 total (pro forma) consolidé de KBC Groupe avoisine +1,3% dont près de +0,8% au dernier trimestre de 2012 et +0,6% au premier trimestre 2013.

Johan Thijs, CEO de KBC Groupe, a salué l'annonce d'aujourd'hui : "Pour KBC, le désinvestissement de Kredyt Bank et notre désengagement du marché bancaire polonais ont été des décisions difficiles à prendre, d'autant plus que nous croyons dans le potentiel de ce marché. Néanmoins, la vente de notre participation dans BZ WBK constitue une nouvelle étape importante, et l'une des dernières, dans la réalisation de notre plan stratégique convenu avec la Commission européenne. Cette transaction réussie libère un volume de capital appréciable et a un impact favorable sur le compte de résultats de KBC et son ratio Tier 1."

Pour tout complément d'information, veuillez contacter :

Wim Allegaert, Directeur Investor Relations, KBC Groupe.

Tél. [phone] - E-mail [e-mail]

Viviane Huybrecht, Directeur Communication Groupe / Porte-parole KBC Groupe

Tél. : [phone] - E-mail : [e-mail]

***

NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN OR TRANSMITTED IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES OR POSSESSIONS, ANY STATE AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.

This announcement does not comprise a prospectus for the purposes of Directive 2003/71/EC or any other applicable laws, rules or regulations and does not contain or constitute or form part of any offer or invitation, or any solicitation of an offer, for securities referred to herein and should not be relied on in connection with any contract or commitment whatsoever. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Any offer to acquire securities referred to herein pursuant to any potential offering of shares in BZ WBK (the "Offering") will be made, and any investor should make his investment decision solely on the basis of the appropriate and final offering document which may be made available to the selected investors in due course in connection with the Offering.

The contemplated sale of securities referred to herein and the distribution of this announcement and other information in connection with the contemplated sale of securities referred to herein in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, any shares in BZ WBK to any person in the United States, Australia, Canada or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The shares in BZ WBK referred to herein (the "Shares") may not be offered or sold in the United States unless registered under the US Securities Act of 1933 (the "Securities Act") or offered in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The potential offer and sale of the Shares has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. Subject to certain exceptions, the Shares may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.

This announcement is directed only at (i) persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order or (iv) other persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the Offering may lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). Any investment activity to which this announcement relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. The contemplated sale of securities referred to herein will not be made to the public in the United Kingdom.

This announcement is for promotional purposes only and under no circumstances shall constitute an offer or invitation, or form the basis for a decision, to invest in the securities of BZ WBK.

This announcement does not constitute a recommendation within the meaning of the Regulation of the Polish Minister of Finance Regarding Information Constituting Recommendations Concerning Financial Instruments or Issuers Thereof dated 19 October 2005.

No reliance may be placed for any purpose whatsoever on the information contained in this announcement. Such information is for background purposes only, may be subject to change and may not be complete or accurate.

Acquiring securities to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering investment should consult an authorized person specializing in advising on such investments. This announcement does not constitute a recommendation concerning the Offering. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned.

Deutsche Bank, Citi, Morgan Stanley, BofA Merrill Lynch, Credit Suisse, KBC Securities, Santander Investment, Dom Maklerski BZ WBK, Goldman Sachs International, UBS Investment Bank, Dom Maklerski PKO BP, ING, Royal Bank of Canada (RBC Europe Limited) and Société Générale (the "Managers") are acting for KBC, Santander and BZ WBK and no one else in connection with the contemplated sale of the Shares, and will not be responsible to anyone other than KBC, Santander and BZ WBK for providing the protections afforded to their clients nor for providing advice in connection with the contemplated sale of the Shares.

This announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of BZ WBK. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might' or other similar expressions or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. KBC and Santander wish to caution you that these statements are only predictions and that actual events or results may and often do differ materially. Any forward-looking statements reflect KBC and Santander's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to BZ WBK's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made and each of KBC, Santander, the Managers and their respective affiliates disclaims any obligation or undertaking to update these statements to reflect events and circumstances occurring after the date hereof; to reflect the occurrence of unanticipated events or as a result of new information or otherwise. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of BZ WBK, including risks specifically related to BZ WBK and its operations.

In connection with the Offering, the Managers and any of their affiliates, acting as investors for their own accounts, may purchase Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Shares and other securities of BZ WBK or related investments in connection with the Offering or otherwise. Accordingly, references in any applicable offering document, if produced and made available to any investors, to the Shares being offered, subscribed, acquired, placed or otherwise dealt in should be read as including any offer to, or subscription, acquisition, placing or dealing by, the Managers and any of their affiliates acting as investors for their own accounts. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

None of the Managers or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to BZ WBK, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

In connection with the Offering, Deutsche Bank AG, London Branch as stabilization manager, or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, effect transactions with a view to supporting the market price of BZ WBK's shares at a higher level than that which might otherwise prevail in the open market. Deutsche Bank AG, London Branch is not required to enter into such transactions and such transactions may be effected on the Warsaw Stock Exchange and may be undertaken at any time during the period commencing on the date of the disclosure of the final offer price and ending no later than 30 calendar days after the allotment of the offer shares. However, there will be no obligation on Deutsche Bank AG, London Branch or any of its agents to effect stabilizing transactions and there is no assurance that stabilizing transactions will be undertaken. Such stabilizing measures, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilize the market price of BZ WBK's shares above the offer price. Save as required by law or regulation, neither Deutsche Bank AG, London Branch nor any of its agents intends to disclose the extent of any stabilization transactions conducted in relation to the Offering. In connection with the Offering, Deutsche Bank AG, London Branch as stabilization manager, may, for stabilization purposes, acquire up to a maximum of 10% of the total number of the offer shares comprised in the Offering.

*Ce communiqué contient des informations soumises à la réglementation sur la transparence des entreprises cotées en Bourse

KBC Groupe SA, avenue du Port 2 , 1080 Bruxelles

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