Ageas: Ageas appeals against judgment in AFM case

Ageas announced on 25 Augustus 2010 that the Dutch Authority for the Financial Markets (AFM) had levied a fine on ageas NV/SA and ageas N.V. (amounting to EUR 288,000) regarding what the AFM deemed to be insufficient disclosures by Fortis in September 2007.

Ageas disputed this decision but has learned today that the decision of the AFM has been upheld by the Rotterdam District Court.

Ageas regrets this judgment and will file an appeal against the decision with the competent court in the Netherlands.

Ageas is  an  international insurance company with a heritage spanning more than 180 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Germany, Hong Kong and UK. It is the market leader in Belgium for individual life and employee benefits, as well as a leading non-life player, through AG Insurance, and in the UK, it has a strong presence as the third largest player in private car insurance and the over 50's market. It employs more than 13,000 people and has annual inflows of almost EUR 18 billion.

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Rue du Marquis 1 - 1000 Brussels - Belgium
Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
www.ageas.com