Fortis Settlement Agreement submitted today to the Amsterdam Court of Appeal

Ageas, Stichting FORsettlement and the claimants' organisations, Dutch shareholder Association VEB, Stichting Investor Claims Against Fortis (SICAF), Stichting FortisEffect and Deminor ("The Parties") announce that today they will jointly submit a request to the Amsterdam Court of Appeal to declare the settlement agreement of 14 March 2016¹ with respect to all civil proceedings related to the former Fortis group for the events in 2007 and 2008 binding.

In accordance with the terms of the settlement agreement of 14 March 2016 whereby Ageas agreed to pay a global amount of EUR 1,204 million to 'Eligible Shareholders' covered by the settlement without admitting any wrongdoing, the Parties will file a request today with the Amsterdam Court of Appeal to declare the settlement binding in accordance with the Dutch Act on Collective Settlement of Mass Claims (Wet Collectieve Afwikkeling Massaschade, "WCAM").

Ageas is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.
Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 40,000 people and reported annual inflows close to EUR 30 billion in 2015 (all figures at 100%).