Regulated information: Ageas reports first half year 2016 Results

• Insurance net result reflects strong operating performance and capital gain on Hong Kong sale
• Group net result includes the provision for the Fortis settlement agreement

All 1^st half year 2016 figures are compared to the 1^st half year 2015 figures unless otherwise stated.

Ageas CEO Bart De Smet said: "The first half of this year was marked by the announced settlement agreement related to the civil Fortis legacies in the first quarter, the closing of the sale of our Hong Kong activities and the acquisition of Ageas Seguros in Portugal. Since the initial announcement, the settlement has attracted further support from other parties which is a positive development in the process towards achieving a binding declaration from the Court of Amsterdam which we hope to obtain by mid 2017.

As we look more broadly at our Insurance activities, the Asian and Belgian Life business were the key drivers of the growth of inflows during the first half of 2016. This first half net insurance result, including the capital gain related to the Hong Kong divestment, was the best so far for Ageas. Excluding all exceptional events, our operating performance is improving and remains in line with our ambitions. The operational result combined with our solid cash position and very stable and strong solvency level give us the comfort to launch a new buy-back programme of EUR 250 million."

More information can be found in the press release attached.