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marketwire

Complement to the press release dated 8 December (Fortis Finance bondholders can opt for early redemption)

  • Press Release
  • Source: FORTIS
  • On 3:40 am EST, Tuesday December 9, 2008

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.

Related Quotes

SymbolPriceChange
FORB.BR2.90-0.03
Chart for FORTIS
{"s" : "forb.br,forsy.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""}

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

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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