BRUSSELS, BELGIUM--(MARKET WIRE)--Dec 9, 2008 --
As stated before, Fortis reconfirms that sufficient means
are made
available in the Group to service all debt.
The financial situation as communicated in the press release of 14 November 2008, will not be materially impacted even in case of substantial reimbursements.
Fortis holding (Fortis SA/NV and Fortis N.V.) will, after
the
conclusion of the deal with BNP Paribas, include only (1)
international insurance activities, (2) a 66% stake in a
structured
credit portfolio entity and (3) financial assets and liabilities
of
various financing vehicles.
The international insurance activities (Fortis Insurance International) are located in UK, France, Hong Kong, Luxembourg (Non-Life), Germany, Turkey, Russia, and Ukraine, and in joint ventures in Luxembourg (Life), Portugal, China, Malaysia, India and Thailand.
Fortis holding is therefore no longer involved in any banking activities, and once the deal with BNP Paribas is concluded, will concern only international insurance activities.
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 65 66
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