KBC details risk exposure to Lehman Brothers

Regulated information* - 15 September 2008 (13.15 p.m. CEST)

In view of the market turmoil and uncertainty caused by concerns over
the American investment bank, Lehman  Brothers, KBC wishes to  detail
its risk exposure to Lehman Brothers.

As of this morning, KBC's risk exposure on Lehman was as follows:

-          Bonds purchased: 145 million EUR
-          Credit facilities outstanding: 85 million EUR (of which 30
million EUR secured)

Moreover, there is some indirect exposure included in the  underlying
assets of  the CDOs  in  which KBC  has  invested. Stress  tests  are
currently being run to compute the exact value at risk. The impact is
expected to be below 50 million EUR.

Finally, KBC has a payment obligation towards Lehman Brothers,  which
is secured by collateral and results from professional  transactions.
The mark-to-market  value  accrued in  favour  of Lehman  amounts  to
approximately 200 million EUR.

* This news item contains information that is subject to the
transparency regulations for listed companies.