Fortis
Rue Royale 20
1000 Brussels
Belgium
Archimedeslaan 6
3584 BA Utrecht
The Netherlands
www.fortis.com
Concerted action of the three governments and the respective supervisory
authorities to support Fortis
• Governments of Belgium, Luxembourg and the Netherlands invest EUR 11.2 billion in
the respective Fortis bank institutions in each country
• Fortis will sell its interest in ABN AMRO (RFS Holdings)
• Maurice Lippens resigns from the Fortis Board of Directors
• Due to the change in strategy, the deteriorated business environment and the decision
to further de-risk the balance sheet, total value adjustments are expected of around
EUR 5 billion after tax in the third quarter
• Above measures lead to an estimated Fortis core equity of around EUR 30 billion. This
results in a EUR 9.5 billion excess core equity for Fortis and a Bank core equity ratio
of above 9% (Basel I) at end of the third quarter 2008. This translates into a total
regulatory capital ratio for Fortis Bank of 13%
• The announced sale of the participation in RFS Holdings will trigger an impairment,
potentially negatively impacting core equity
Fortis and the Governments of Belgium, the Netherlands and Luxembourg announce that they
have entered into an agreement, whereby the Government of Belgium has agreed to invest EUR
4.7 billion in Fortis Bank (Belgium), the Government of the Netherlands has agreed to invest
EUR 4.0 billion in Fortis Bank Nederland (Holding) N.V., and the Government of Luxembourg
will invest EUR 2.5 billion in Fortis Banque Luxembourg SA.
’The actions taken by the Belgian, Luxembourg and Dutch governments are a sign of confidence
in Fortis and of comfort to customers and all other stakeholders alike,’ reacts Fortis CEO
elect Filip Dierckx. ‘These actions ensure the financial strength and stability of our company
going forward.’
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