PRESS RELEASE Periodic Financial Information

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(1)PRESS RELEASE Periodic Financial Information Brussels/Utrecht, 10 November 2010 Third quarter 2010 Third quarter shows a continued strong commercial performance . Year-to-date inflows up 20% to EUR 13.7 billion  Growth in Life (+21%) and Non-Life (+18%) in line with previous quarters; Asian inflows remain strong at EUR 4.7 billion (+55%).  Inflows on a consolidated basis at EUR 9.2 billion (+8%)  Third quarter inflows EUR 4.1 billion, up 17% on last year. . Year-to-date net profit Insurance after non-controlling interests of EUR 334 million  Life net profit EUR 283 million; Non-Life net profit EUR 42 million; Other Insurance net profit EUR 9 million year-to-date.  Third quarter net profit Insurance after non-controlling interests EUR 153 million, including a capital gain of EUR 55 million in Belgium spread over Life and Non-Life.. . Year-to-date Group net profit of EUR 646 million  General Account net profit year-to-date EUR 312 million, of which EUR 37 million in third quarter  Third quarter results include a EUR 163 million positive contribution related to RPI  Third quarter combined net negative impact of EUR 79 million from fair value call option on BNP Paribas shares and RPN(I). Shareholders’ equity at EUR 9.6 billion or EUR 3.90 per share. CEO Bart De Smet said : ” The third quarter continued to be marked by strong inflows, in line with the first half’ performance. Based on this positive trend, we are today reconfirming our full year outlook, with inflows expected to exceed 2009 levels. All of our Insurance operations performed well this quarter with both Life and Non-Life benefiting from strong financial results in Belgium, as a result of a gradual asset reallocation. In Non-Life, we are seeing encouraging trends reflecting the corrective measures adopted in Motor and Fire in the past quarters. However, the net result in Belgium was impacted by heavy storms mid-July. With respect to the execution of our strategy, we continue to make good progress in streamlining and developing our Insurance portfolio. We announced the divestment of our Ukrainian operations; closed the sale of our Turkish activities in mid-October; and began the integration of Kwik Fit Insurance Services in the UK. On Saturday 16 October, the Tesco partnership started underwriting. This illustrates our intention to grow and to take advantage of attractive opportunities in our key insurance markets. The recent evolution in certain legacies, illustrates the complexity of files involving multiple parties. We have committed ourselves to finding solutions which increase value for our shareholders and reduce the complexity of our company.“. Your partner in Insurance PRESS RELEASE. third quarter 2010 | 1. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. .

(2) Content Executive summary...................................................................................... 3 Insurance ............................................................................................................................... 4 General Account .................................................................................................................... 5 Group ..................................................................................................................................... 5. Description of the business segments ......................................................... 6     . Belgium ............................................................................................................................ 7 United Kingdom ................................................................................................................ 9 Continental Europe......................................................................................................... 11 Asia ................................................................................................................................ 13 General Account............................................................................................................. 15. PRESS RELEASE 10 November 2010 Periodic Financial Information more information: INVESTOR RELATIONS Frank Vandenborre +32 (0)2 557 57 33 frank.vandenborre@ageas.com Koen Devos +32 (0)2 557 57 35 koen.a.devos@ageas.com. Disclaimer .................................................................................................. 17 Annexes ..................................................................................................... 18 Annex 1 : Key figures ........................................................................................................... 18 Annex 2 : Quarterly inflow data ............................................................................................ 19 Annex 3 : Inflows per region................................................................................................. 21. PRESS Kathleen Steel +32 (0)2 557 57 37 kathleen.steel@ageas.com. Analyst and Investor conference call today 10.45 CET (09.45 UK Time). Replay: available until 10 December 2010 + 32 2 401 89 89 (Access Code: 327391#) Lines will be open ten minutes before the presentation starts, so please dial in five to ten minutes in advance. No press conference has been foreseen. PRESS RELEASE. third quarter 2010 | 2. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Audiocast: www.ageas.com Listen only (Access code 384403#): + 44 207 750 9926 (United Kingdom) + 32 2 400 25 25 (Belgium) + 1 703 621 9123 (US).

(3) Executive summary Ageas’s third quarter results were marked by the continuation of a strong commercial performance across all business segments.. Total Life operations reported a net profit in the third quarter of EUR 105 million, Non-Life EUR 47 million and Other Insurance EUR 1 million.. Total inflows year-to-date reached EUR 13.7 billion, up 20% compared to the same period last year. The non-consolidated Asian partnerships reported inflows on a 100% basis of EUR 4.5 billion, up 58% on last year. Life inflows at Group level amounted to EUR 11.0 billion up 21%, Non-Life gross written premiums increased 18% to EUR 2.7 billion.. The combined ratio year-to-date, including Workmen’s Compensation at Group level was 104.5% as at the end of September compared to 105.8% at the end of June 2010 and 102.9% at the end of September 2009. Excluding Workmen’s Compensation the combined ratio at group level was 102.8% compared to 102.4% last year.. Third quarter’ inflows were up 17% compared to the same quarter last year, mainly driven by inflows in Asia and the inclusion of the Italian Non-Life operations since the beginning of 2010. Inflows increased across all segments with the exception of Belgium, where in line with previous quarters, premium levels were fairly stable year on year. Inflows through the bank channel remained below the levels of last year.. The year-to-date net profit of the General Account increased to EUR 312 million, due to a positive result in the third quarter of EUR 37 million. The composition of this result highlights the volatility of the various elements of the General Account. The third quarter result was driven by a positive EUR 163 million on RPI; the increased valuation of the call option on BNP Paribas shares of EUR 77 million, partly offset by an increase in the liability for RPN(I) of EUR 156 million; and an anticipated loss of EUR 14 million related to the sale of the Ukrainian operations. The sale of the Turkish operations has been closed mid-October and will result in a limited capital gain.. The Insurance net result after non-controlling interests year-to-date amounted to EUR 334 million, compared to EUR 409 million last year. The Insurance operations reported a strong third quarter’ net profit of EUR 153 million, and reflected a positive contribution from all business segments. Belgium reported a net profit of EUR 117 million, mainly driven by a capital gain net-of-tax of EUR 55 million on the sale of government bonds in the context of a reallocation of assets, benefiting both Life and Non-Life. Both in Belgium and the UK, Non-Life’s operating performance continued to show signs of further improvement, thanks to the tariff increases implemented and other corrective measures taken. In Belgium, the negative impact of heavy storms in mid-July partly offset this positive evolution.. PRESS RELEASE. As of 30 September the call option on BNP Paribas shares was valued at EUR 836 million while the liability related to RPN(I) amounted to EUR 496 million. The value of Ageas’s equity investment in RPI as at 30 September rose to EUR 1,027 million compared to EUR 840 million end of June 2010. The year-to-date Group net results after non-controlling interests consequently increased from EUR 455 million end of June to EUR 646 million end of September. The net profit of the third quarter at Group level amounted to EUR 191 million.. third quarter 2010 | 3. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. In Continental Europe, the Luxembourg and French operations maintained the strong inflow levels of the first half, while the consolidation of the Italian Non-Life activities had an additional positive impact on inflows. Inflows in Portugal were down on last year. In the UK, the insurance partnership between Tesco Bank and Ageas UK began underwriting on 16 October 2010, while the acquisition of Kwik Fit Insurance Services was closed in the course of the third quarter. Integration of the latter is underway..

(4) Insurance. In Belgium, increased inflows in the broker channel and NonLife could not entirely offset lower inflows in the Life banking channel. In the United Kingdom, inflows increased 20% and in Continental Europe inflows went up 22%. However, inflows in Portugal declined to EUR 1.5 billion year-to-date compared to a very strong EUR 1.8 billion last year, while the market share in Funds Under Management remained unchanged at 25%. Asia continued to outperform with growth in all countries and an overall increase above 50%. For the first nine months, inflows in Life activities, including non-consolidated activities at 100%, reached EUR 11.0 billion, up 21% on the same period last year. In Belgium, inflow levels at AG Insurance remained slightly below last year’s level (-3%), with premium levels in the third quarter comparable year on year. In Continental Europe inflows increased 17%, mainly due to a continuation of the improved performance in Luxembourg and France more than offsetting lower inflows in Portugal. In Asia, growth levels remain strong (+58% year-to-date). Gross written premiums in Non-Life for the first nine months amounted to EUR 2.8 billion, up 18%. Inflows in Ageas’s main Non-Life markets, Belgium and the UK, grew respectively 5% and 18%. In Continental Europe, the consolidation of the Italian Non-Life operations since the beginning of the year contributed EUR 150 million of gross written premiums yearto-date. In Malaysia and Thailand, inflows grew 30% year-todate. Life funds under management in the consolidated activities amounted to EUR 72.4 billion, up 2% at the end of June. Life funds under management of Ageas’s non-consolidated partnerships reached EUR 14.3 billion, slightly down due to the weakening of the euro. Non-Life funds under management remained fairly stable compared to the end of June at EUR 5.1 billion, up 17% on the same period last year. Total funds under management of the consolidated entities and including Non-Life, amounted to EUR 77.6 billion. PRESS RELEASE. compared to EUR 76.0 billion and EUR 70.8 billion end of June 2010 and end of September 2009 respectively. Net profit Ageas’s Insurance net profit after non-controlling interests year-to-date amounted to EUR 334 million compared to EUR 409 million last year. The Belgian operations contributed EUR 205 million while the net profit in the UK, Continental Europe and Asia amounted to EUR 16 million, EUR 27 million and EUR 86 million respectively. The negative variance is mainly attributed to Belgium, marked by higher non-controlling interests and a positive one-off tax impact in the first half of 2009. The third quarter’ net profit after non-controlling interests amounted to EUR 153 million compared to EUR 148 million last year. Capital gains realized in Belgium of EUR 55 million had a significant positive impact on both the Life and Non-Life net result. These sales were the first step in the context of an asset reallocation whereby Ageas sold government bonds, mainly Belgian, German and French, for an amount of EUR 1.2 billion which will be subsequently reinvested. The net profit of Life activities year-to-date amounted to EUR 283 million compared to EUR 323 million last year. A lower result in Belgium, due to the reasons already explained, was only partially offset by a higher contribution from the Asian operations. Net profit in the third quarter amounted to EUR 105 million compared to EUR 116 million last year. The Non-Life operations contributed EUR 41 million year-todate compared to EUR 75 million last year with a third quarter net result of EUR 47 million compared to EUR 29 million last year. This net result included part of the capital gains realized in Belgium (EUR 24 million) and the negative impact resulting from a storm hitting large parts of the southern part of Belgium in July. Combined ratios at the group level were 104.5% at the end of September compared to 105.9% at the end of June. In Belgium, the combined ratio improved from 107.1% at the end of June to 105.6% at the end of September. Excluding Workmen’s Compensation the combined ratio at the end of September fell to 102.5% or 101.2% for the third quarter. In the UK, the combined ratio continued to improve to 104.9% at the end of September compared to 106.5% at the end of June.. third quarter 2010 | 4. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Gross inflows Total gross inflows year-to-date, including EUR 4.5 billion from non-consolidated partnerships on a 100% basis, amounted to EUR 13.7 billion, up 20% compared to the same period last year. The performance in the third quarter was broadly in line with the first half year’ performance: total inflows increased in all segments except for Belgium where inflows stabilized..

(5) Investment portfolio Ageas’s investment portfolio at fair value as of 30 September 2010 amounted to EUR 59.6 billion compared to EUR 58.5 billion at the end of June, as a result of new inflows and a revaluation of assets. The overall composition has not changed significantly since the end of the year with more than 90% invested in fixed income securities and around 3% in equities. 97% of the total portfolio is investment grade and about 94% of the total portfolio is rated A or higher. Ageas’s total investment in Southern European sovereign bonds at 30 September amounted to EUR 8.9 billion (at historical/amortized cost) and EUR 8.4 billion at fair value. No material change occurred compared to the situation at the end of June. The total gross unrealized capital gains on the government bond portfolio and on the total bond portfolio rose from EUR 0.7 billion and EUR 1.7 billion at the end of June to EUR 1.4 billion and EUR 2.7 billion respectively at the end of September 2010.. General Account The year-to-date net result of the General Account amounted to EUR 312 million, including a EUR 37 million positive contribution in the third quarter. This result is mainly explained by the net profit of the equity investment in Royal Park Investments (RPI), and the higher value of the call option on the BNP Paribas shares partly offset by the volatility in the fair value of RPN(I). The third quarter result also included an anticipated loss of EUR 14 million related to the sale of the Ukrainian operations, which is expected to be closed in the fourth quarter. With respect to RPI, Ageas was able to account for a positive contribution of EUR 186 million year-to-date, in line with its 44.7% stake in RPI, mainly driven by the increase in fair value of the loan portfolio. Similar to previous quarters, RPI performed an impairment test on its goodwill as at 30 September. The outcome of the test revealed no need for an impairment. In addition, the revaluation of the SWAP. PRESS RELEASE. operations, concluded earlier this year and treated as a cash flow hedge, resulted in an increased value of EUR 81 million. As a result of both the realised profit and the fair value changes of the interest rate swaps, the value of Ageas’s equity investment in RPI increased to EUR 1,027 million at the end of September. The fair value of the call option on the BNP Paribas shares at the end of September increased to EUR 836 million. This represents an increase of EUR 77 million in the third quarter, due to an increase of the BNP Paribas share price (up 16.5%), partly mitigated by volatility dropping from 39% to 34%. The fair value of the RPN(I) increased from EUR 340 million at the end of June to EUR 496 million at the end of September, mainly explained by the increased value of the CASHES and a decrease of the discount rate applied.. Group Shareholders’ equity, net cash and capital position Shareholders’ equity at 30 September 2010 amounted to EUR 9.6 billion compared to EUR 9.2 billion at the end of June. Positive revaluations of equities and bond investments (+EUR 0.5 billion), together with retained profit (EUR 0.2 billion), partly compensated by negative currency revaluations of the Asian and UK entities, explain the increase. Capital On 30 September 2010 Ageas’s Group core equity amounted to EUR 8.6 billion, including the core equity at the level of the General Account (EUR 2.3 billion). This exceeds the total consolidated regulatory minimum requirements of the insurance activities by EUR 5.7 billion. Total available capital within the insurance activities amounted to EUR 6.5 billion, corresponding to a solvency ratio of 223%. Minimum solvency requirements at the end of September amounted to EUR 2.9 billion. Net cash position The net cash position including bank deposits in the General Account as at 30 September 2010, assuming full redemption of the European Medium Term Notes (EMTN) programme amounted to EUR 2.3 billion. The level of discretionary capital at the end of September 2010 decreased to EUR 0.7 billion compared to EUR 0.9 billion at the end of June, due to the increased valuation of RPN(I) and the financial and operational loss of the General Account.. third quarter 2010 | 5. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. The Other Insurance segment reported a net profit year-todate of EUR 9 million compared to EUR 11 million last year. The net result in the third quarter amounted to EUR 1 million compared to EUR 4 million last year. The acquired activities of Kwik Fit Insurance Services contributed over a two-month period EUR 3.4 million while one-off acquisition costs had a negative impact of EUR 5.0 million..

(6) Description of the business segments. Belgium. Continental Europe. The Belgian insurance activities, operating since June 2009 under the name of AG Insurance, have a long standing history. Total gross inflows in 2009 amounted to nearly EUR 7 billion and the company serves more than 2.5 million customers. 75 to 80% of total inflows relate to Life insurance while 20 to 25% to Non-Life. It offers a comprehensive range of Life and Non-Life products sold to private individuals and SMEs. It operates a multichannel strategy with distribution via more than 3,000 independent brokers and via the bank channels of BNP Paribas Fortis and Bank of the Post. AG Employee Benefits is the dedicated business unit selling group life and health care products, mainly to larger enterprises. Since May 2009, BNP Paribas Fortis owns 25% of AG Insurance.. Continental Europe consists of the European insurance activities, excluding Belgium and the United Kingdom. It includes five countries and is a mix of leading positions in mature markets such as Portugal and Luxembourg and smaller positions in fast-growing markets or the new partnership in Non-Life in Italy. In 2009, about 95% of total inflows were Life related complemented by Non-Life activities in Portugal and Luxembourg. As part of the strategic review in 2009, the Continental Europe segment took a number of initiatives to streamline its portfolio resulting in the sale of the Non-Life activities in Luxembourg, Turkey and the Ukraine, and the closure of the Russian activities.. United Kingdom. Asia. Ageas in the UK is a leading domestic provider of Non-Life insurance solutions with a related Life protection business launched in 2008. The UK business has a strong presence in the Personal lines market and is continuing to expand its Commercial lines propositions. The UK business is the affinity partner of a number of very strong brands including Tesco Bank, John Lewis Partnership, Age UK and Toyota (GB) Limited. The UK business adopts a multi-channel distribution strategy across brokers, affinity partners and own distribution. Its 100% owned subsidiaries include RIAS which has over a million customers in the growing over 50 market segment, Ageas Insurance Solutions which provides white label solutions to affinity partners, outsourcing services as well as direct internet promotion of its own brands and the recently acquired operations of Kwik Fit Insurance Services.. Ageas is active in the Asian region since 2001. Today it is present in five countries with its regional office based in Hong Kong where it operates a fully-owned subsidiary. The other activities are organised in the form of joint ventures with leading local partners such as China Taiping, Maybank, KASIKORNBANK, Industrial Development Bank of India and Federal Bank in China, Malaysia, Thailand and India respectively. End of June 2010, the Asian segment represented already 35% of total inflows at Group level, equal to the contribution of the Belgian activities. Ageas reports on a consolidated basis on Hong Kong while the other stakes are accounted for as equity investments.. Ageas reports the UK results in three sub-segments – Life, Non-Life and Other Insurance, which includes the results of its retail operations.. PRESS RELEASE. third quarter 2010 | 6. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Ageas’s results reflect since 2010 the new reporting structure along the lines of the four insurance business segments : Belgium, United Kingdom, Continental Europe and Asia. A short business description of the new segments follows :.

(7) Belgium . Inflows year-to-date stable at EUR 5.1 billion  Inflows third quarter at EUR 1.6 billion, 1% up on last year  Life inflows year-to-date at EUR 3.8 billion down 3%  Non-Life gross written premiums up 5% to EUR 1.2 billion. . Life funds under management at EUR 47.9 billion, +5% vs. end 2009. . Net profit after non-controlling interests year-to-date at EUR 205 million (vs. EUR 301 million in 2009).  Third quarter’ net profit after non-controlling interests at EUR 117 million, supported by EUR 55 million capital gains on bonds. . Overall combined ratio year-to-date at 105.6%, excluding Workmen’s Compensation at 102.5%.  Combined ratio in third quarter of 102.7%, excluding Workmen’s Compensation at 101.2%. Net profit year-to-date amounted to EUR 205.3 million, compared with EUR 301.1 million last year. Non-controlling interests year-to-date reached EUR 71.3 million compared to EUR 45.9 million last year. The third quarter net profit amounted to EUR 117 million compared to EUR 106 million last year. The sale of EUR 1.2 billion of government bonds in the context of a gradual reallocation of assets, has resulted in a capital gain of EUR 55 million (net-of tax and after noncontrolling interests).. PRESS RELEASE. The combined ratio at the end of September stood at 105.6% compared with 103.3% last year. Excluding Workmen’s Compensation, the combined ratio improved slightly to 102.5% from 102.8% last year. The combined ratio in the third quarter was 102.7% compared to 98.8% last year. Excluding Workmen’s Compensation, the third quarter’ combined ratio stood at 101.2%.The combined ratios include the negative impact of a heavy storm in July hitting substantial parts of the South of Belgium with a negative estimated impact of EUR 10 million after tax and after noncontrolling interests. Workmen’s Compensation improved significantly in the third quarter compared to the previous two quarters. third quarter 2010 | 7. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Total gross inflows year-to-date amounted to EUR 5.1 billion, almost in line with last year’s levels. Life inflows declined 3% and reached EUR 3.8 billion. Inflows in traditional savings through the bank channel remained below last year’s level, partly compensated by higher sales in unit-linked products. As in the first six months of the year, inflows via the broker channel remained high. Non-Life gross written premiums reached EUR 1.2 billion, up 5% with all product lines contributing but, especially Motor and Health Care..

(8) Individual Life inflows in the bank channel were down 5% on last year, a satisfying performance in the absence of specific campaigns and taking into account the current low interest rate environment. Unit-linked sales slowed during the third quarter, but remained 19% up on last year, driven by the sales of 12 tranches of structured closed-end products. Inflows via the broker channel increased 13% supported by strong sales of the “Top Rendement Invest” product and a good performance in the “Safe Return +” product. Group Life business, distributed via the Employee Benefits channel, were 4% lower compared to last year. However last year’s inflows included exceptional single premium payments to cover the underfunding of certain group contracts. Life’ funds under management increased to EUR 47.9 billion (+2%) compared with EUR 46.9 billion end of June 2010 and up 5% on year-end 2009, with both unit-linked and non-unit linked contributing. Funds under management related to nonunit linked business increased 6% to reach EUR 41.1 billion. Unit-linked funds under management increased 3% thanks to a positive unit value evolution. Group Life funds under management grew 5% compared to the end of 2009. The nine months’ net profit amounted to EUR 186.3 million, down from EUR 260.3 million on last year (-28%). Net profit in the third quarter amounted to EUR 83.0 million, compared to EUR 86.5 million last year. This result includes a EUR 31 million capital gain on the sale of government bonds. These sales are related to the implementation of an adjusted investment strategy.. PRESS RELEASE. Non-Life Gross written premiums year-to-date were up 5% on the same period last year and reached EUR 1,231 million. All product lines showed growth, most noticeably Motor and Health Care. Growth in Motor (+9%) was partly driven by new inflows (+4%) and the positive impact of tariff increases (+4.5%) implemented throughout 2009 and in the first part of 2010. As announced at the end of August, additional tariff increases between 4 and 5% on top of the ABEX indexation in Retail Fire were introduced in the third quarter both on new and existing contracts. Gross written premiums via the broker channel year-to-date increased to EUR 882 million, up 5% on last year. Inflows in SME and corporate lines increased 5% to EUR 467 million while retail inflows went up 4%. Non-Life gross written premiums through the bank channel reached EUR 179 million, up 3% on prior year. Health Care premiums, distributed through the Employee Benefits channel, rose 7% compared to the same period last year, reaching EUR 170 million mainly driven by new business in group Health Care and sector plans since the beginning of the year. Net profit year-to-date turned positive and amounted to EUR 19.0 million with a third quarter net profit of EUR 34.4 million. This result includes EUR 24 million capital gains on the sales of bonds related to the aforementioned adjusted investment strategy. In Workmen’s Compensation, the previous year claims result improved in the third quarter. Finally, a heavy summer storm hit substantial parts of the South of Belgium mid-July and resulted in an estimated cost of EUR 19 million pre-tax and before minorities or some EUR 10 million impact on net result. The first nine months’ combined ratio, including Workmen’s Compensation, amounted to 105.6%, compared with 103.3% last year. Excluding Workmen’s Compensation, the combined ratio was 102.5% compared to 102.8% last year. The combined ratio in the third quarter was 102.7% compared to 100.6% in the previous quarter, including the net impact of the above mentioned weather related events. Excluding the impact of Workmen’s Compensation, the third quarter combined ratio dropped to 101.2%.. third quarter 2010 | 8. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Life Life inflows year-to-date reached EUR 3.8 billion, down 3% on last year. Individual Life inflows amounted to EUR 3.0 billion, 2% below last year’s level. Group Life reached EUR 0.8 billion, 4% under last year’s performance..

(9) United Kingdom  . Inflows year-to-date at EUR 840 million, up 20% on last year  Inflows third quarter at EUR 291 million, up 16% on last year Net profit after non-controlling interests year-to-date of EUR 16 million (vs. EUR 27 million in 09).  Third quarter net profit after non-controlling interests at EUR 7 million.  . Strengthened retail distribution through closing of Kwik Fit Insurance Services acquisition in August Improving overall combined ratio year-to-date of 104.9% (vs. 106.5% end of June).  Combined ratio in third quarter of 102.0%. Year-to-date net profit after non-controlling interests amounted to EUR 15.5 million compared to EUR 26.9 million last year. The lower net result compared to last year is due to lower investment income and capital gains, the one-off transaction costs related to the acquisition of Kwik Fit Insurance Services (EUR 5.0 million) and the start-up costs related to the Tesco partnership (EUR 3.3 million). The net result for the third quarter amounted to EUR 7.2 million (vs. EUR 6.1 million in Q3 09).. PRESS RELEASE. Life Gross inflows in the UK’s protection business for the first nine months amounted to EUR 19 million, compared to EUR 6 million in the same period last year. This continued growth reflects the successful roll out of the protection proposition to an increasing number of Independent Financial Advisers (IFAs), with 55% of the total IFA network now selling Ageas’s products. Ageas’s UK protection business now has a 5.1% market share among IFAs. The net loss year-to-date was EUR 2.8 million, compared to a net negative result of EUR 5.0 million in the same period last year. The net loss in the third quarter amounted to EUR 1.1 million.. third quarter 2010 | 9. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Inflow levels for the first nine months amounted to EUR 840 million, up 20% on the same period in 2009, and driven by growth in both Personal (+14%) and Commercial lines (+40%). The currency impact on inflows compared to last year amounted to EUR 27 million or 3% of the increase. Third quarter’ inflow amounted to EUR 291 million or 16% up on last year..

(10) Within Personal lines, Private motor insurance produced an inflow year-to-date of EUR 404 million, 8% up on last year largely driven by the announced tariff increases. In addition both Household and Travel books continued to grow to EUR 207 million (+21%) and EUR 52 million (+19%) respectively reflecting the broadening of existing relationships in the Household market and by partnership growth in Travel. Inflows in Commercial lines year-to-date amounted to EUR 140 million, representing 40% growth compared to last year. This rapid growth is a result of the continued implementation of the strategy to increase products and capability in the Small and Medium Sized Enterprises (SME) market and strong alignment to brokers’ needs. The net result after non-controlling interests for the first nine months amounted to EUR 9.1 million, compared to EUR 21.3 million last year. The third quarter net result was EUR 7.0 million helped by a further improvement in the operational performance and the positive impact of rate increases, particularly in Motor. Year-to-date the start-up costs related to the Tesco Bank partnership amounted to EUR 3.3 million.. Other Insurance The retail operations, RIAS, Ageas Insurance Solutions (UKAIS) and Kwik Fit Insurance Services (KFIS), saw a 20% year on year increase in fee and commission income to EUR 100 million, driven by good customer retention, portfolio growth, add-on revenues and growth in partnership income, building on the healthy pipeline of partnership opportunities secured in 2009 and the addition of KFIS (EUR 21 million). Revenue excluding KFIS increased 7.6% compared to 2009. KFIS has added 600,000 customers and a strong performing brand to the UK’s portfolio. It has consolidated Ageas as the fourth largest Personal lines intermediary distributor in the UK and represents another step in the continuing development of the UK’s multi-distribution strategy. The net profit year-to-date is EUR 9.2 million compared to EUR 10.6 million last year. It includes a two-month operational contribution from KFIS (EUR 3.4 million) as well as the one-off acquisition costs (EUR 5.0 million). Excluding KFIS, the net profit would have increased 21% over the same period last year, on the strength of commission income growth and a lower interest rate environment, even after allowing for investments associated with the take-up of new schemes.. The Non-Life combined ratio year-to-date was 104.9%, a further improvement compared to the end of June (106.5%). At the end of September last year, the combined ratio amounted to 104.6%. The combined ratio for the third quarter fell to 102.0% benefiting from continuing management actions and tariff increases. The Insurance partnership between Tesco Bank and Ageas UK has been launched on schedule and according to plan on 16 October. The Motor and Household partnership, worth over EUR 580 million in annual gross written premiums, is expected to provide cover for over 1.5 million customers and has led to the creation of around 1,500 jobs in sites across the UK. The partnership will be managed independently from Ageas’s existing businesses through a separate FSA authorised insurance company called Tesco Underwriting Ltd, which is 50.1% owned by Ageas and 49.9% owned by Tesco Bank. The number of cars insured by Ageas will increase to around 2.7 million, consolidating its position as the second largest car insurer in the UK.. PRESS RELEASE. third quarter 2010 | 10. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Non-Life Total gross written premiums for the first nine months of 2010 amounted to EUR 821 million, up 18% on the same period last year, driven by the continued development of both the Personal and Commercial lines portfolios..

(11) Continental Europe . Inflows year-to-date at EUR 3.1 billion, up 22% on last year.  Inflows third quarter at EUR 907 million, 16% up on last year. . Net profit after non-controlling interests year-to-date at EUR 27 million (vs. EUR 28 million in 2009).  Third quarter net profit after non-controlling interests at EUR 10 million. . Sale announced of Ukrainian operations to Horizon Capital; Sale Turkish Life operations to BNP Paribas Assurance closed in October. Total gross inflows for the first nine months amounted to EUR 3.1 billion, up 22% on the same period last year, a continuation of the good performance of the first half. The commercial performance continues to benefit from the inclusion of the Italian Non-Life business since the beginning of this year (EUR 150 million year-to-date) and from the higher volumes, especially in the Luxembourg and French operations. Inflows in Portugal are 15% down on last year, among others due to lower sales in unit-linked and compared to a strong performance last year. Third quarter inflows amounted to EUR 907 million compared to EUR 782 million last year (+16%). This strong increase is essentially explained by the recovery in Luxembourg and the above mentioned inclusion of the Italian Non-Life inflows.. Net profit after non-controlling interests year-to-date reached EUR 27 million compared to EUR 28 million last year, driven by sound underwriting results and the positive impact of the ongoing streamlining of the insurance portfolio, partially offset by higher corporate tax rates in Portugal. The net result after non-controlling interests for the third quarter amounted to EUR 10 million (vs. EUR 13 million last year). Mid September, Ageas announced it reached an agreement with US based investment company Horizon Capital for the sale of Fortis Life Insurance Ukraine. This transaction is expected to close in the last quarter of the year.. PRESS RELEASE. third quarter 2010 | 11. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. th On October 12 Ageas closed the sale of Ageas’s Pension and Life activities in Turkey, announced in the second quarter..

(12) Life Life gross inflow year-to-date reached EUR 2.8 billion, up 17% compared to the same period last year. Luxembourg exceeded the EUR 1 billion mark driven by renewed product offering and regained customers’ confidence. Inflow levels in France grew by 25% to EUR 0.3 billion, mainly due to the strong performance of the broker and the agent channel. In Portugal, Continental Europe’s largest Life operation, inflows were EUR 1.4 billion, 17% below the levels of last year. The lower inflow levels are explained by the very strong performance last year, the low appetite for unit-linked products and a conscious strategy around the sale of traditional savings products. In terms of Funds under Management, the company remains a market leader, with a market share of 25%. Within Continental Europe unit-linked business remains the major product line with EUR 1.4 billion inflows year-to-date. Inflows in traditional savings products grew 32% on last year to EUR 1.1 billion, due to customer preferences for savings products with a guaranteed element. Product developments have focused on to customers’ preferences.. Non-Life Non-Life gross written premiums reached EUR 325 million, +79% compared to the same period last year. The Italian operations, included since the beginning of 2010, contributed EUR 150 million to total inflows. The Portuguese Non-Life business grew by 8%, thanks to Health Care, especially the successful brand Médis and in Fire. Net profit after non-controlling interests increased to EUR 5 million (vs. EUR 4 million in 2009) driven by a better technical performance in Portugal, confirmed also by the improved combined ratio from 91.3% last year to 90.5%. However, the Italian operations are still impacted by bad claims experience in the South. As announced in the first half, corrective measures have been initiated in order to redress this adverse situation. Overall, the combined ratio in the third quarter improved from 99.1% for the first half of 2010 to 98.6% in the third quarter or a year-to-date combined ratio of 99.0%.. Net profit after non-controlling interests amounted to EUR 22 million (vs. EUR 23 million last year) due to an improved technical performance, higher volumes, and the positive impact of an ongoing streamlining of the insurance portfolio. The increased corporate tax rate in Portugal from 26.5% to 29% partly offset these better results.. PRESS RELEASE. third quarter 2010 | 12. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Funds under Management increased to EUR 23.2 billion, +3% on the end of June and +8% on year end, driven by an increase in inflows, reduced lapses and the overall improved condition of the financial markets..

(13) Asia . Total inflows first nine months at EUR 4.7 billion, up 55% on last year.  Life gross inflows up 58% to EUR 4.3 billion  Non-Life gross written premiums up 30% to EUR 0.4 billion Net profit year-to-date at EUR 86 million (vs. EUR 53 million in 2009).    . Third quarter’ net profit of EUR 19 million Life net profit after non-controlling interests year-to-date of EUR 78 million, +77% Non-Life net profit after non-controlling interests year-to-date nearly stable at EUR 8 million Net capital gain of EUR 35 million in first half related to sale Fortis Centre in Hong Kong. Total gross inflows year-to-date, including non-consolidated partnerships at 100%, reached EUR 4.7 billion, substantially above the inflow levels of last year (+55%). The growth achieved was well spread throughout the region, both in Life and Non-Life. The net profit after non-controlling interests year-to-date rose to EUR 86.1 million, an increase of 63% on last year (EUR 52.7 million). The net profit includes a net capital gain of EUR 35 million related to the sale of real estate in Hong Kong, already reported in the first half. Life First nine months total Life gross inflow, including nonconsolidated partnerships at 100%, amounted to EUR 4.3 billion, up 58% compared to last year. Excluding the positive exchange rate impact, the inflow rose by 48%. Gross inflow of the consolidated operations in Hong Kong reached EUR 237.1 million, 10% up on last year (7% up at constant exchange rates). New business (APE) of the consolidated operations grew 10% to EUR 41.3 million. Similar to the first half, the gross inflows of the nonconsolidated partnerships grew impressively to EUR 4.1 billion, 62% up on last year (51% excluding exchange rate impact). All entities contributed to the strong growth of both gross inflows and new business volumes.. PRESS RELEASE. The further expansion of distribution capacity and product innovation continue to drive Inflow levels in China. Single premium products in the bank channel and a new regular premium product line in the agency channel boosted gross inflows to EUR 2.9 billion (up 65%). Single premium new business contributed EUR 1.4 billion (+68%) whereas regular premium new business grew 33% to EUR 585.1 million. Muang Thai Life, Ageas’ partnership in Thailand, grew its inflow levels by 56% compared to last year, up to EUR 529 million. Single premium business represented EUR 84 million (+108%) while regular premium new business amounted to EUR 143 million (+39%). eTiQa, the partnership with Maybank in Malaysia, continued to grow strongly, mainly driven by non-participating single premium product innovation and Takaful mortgage related life insurance distributed through the bank channels. Gross inflows increased by 46% to EUR 577 million of which EUR 384 million was single premium (+ 61%). IDBI Federal Life Insurance Company in India recorded gross inflows of EUR 100 million, almost doubling inflows over last year (+98%). The growth is supported by the strong brands of both banking partners, IDBI Bank and Federal Bank, a measured expansion of the agency distribution network and a strong focus on product innovation.. third quarter 2010 | 13. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. .

(14) First nine months net profit after non-controlling interests amounted to EUR 77.7 million, compared to EUR 44.1 million last year (+77%). The three main components are :  The consolidated operations in Hong Kong with a net profit year-to-date of EUR 55.5 million compared to EUR 9.7 million last year including a non-recurring net capital gain on real estate of EUR 35 million. Adjusted for the capital gain, the net result amounted to EUR 20.3 million (+109%).  The net profit from the non-consolidated partnerships fell to EUR 30.2 million, compared to EUR 40.8 million last year. The decline is mainly explained by a lower contribution from China due to an impairment of EUR 12 million in the second quarter as a result of the lower equity markets  Other costs and income in the region amounted to negative EUR 8.0 million compared to EUR 6.3 million last year.. PRESS RELEASE. Non-Life Non-Life gross written premiums - at 100% and entirely attributable to the non-consolidated partnerships in Malaysia and Thailand - increased 30% to EUR 385 million in the first nine months (+15% at constant exchange rates). Both partnerships performed well, largely due to the strong development of the retail non-Motor and corporate Marine, Aviation and Transport lines. Gross written premiums achieved EUR 303 million (+32%) and EUR 82 million (+23%) in Malaysia and Thailand respectively. First nine months net profit after non-controlling interests slightly declined to EUR 8.4 million.. third quarter 2010 | 14. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Funds under management in the consolidated operations grew 23% over year end 09 to EUR 1.3 billion, slightly down on first half 2010 due to strengthening of the euro; in local currency the Funds under management increased 6% in the third quarter. Including the non-consolidated partnerships, Funds under Management reached EUR 15.6 billion..

(15) General Account . Net result year-to-date of EUR 312 million  Third quarter net profit of EUR 37 million. . Value call option on BNP Paribas shares at EUR 836 million, up EUR 77 million on the end of June. . Value of RPN(I) at EUR 496 million negative, up EUR 156 million on the end of June. . Value RPI equity investment up to EUR 1,027 million  Third quarter net result of EUR 163 million. The third quarter result included a positive result on RPI of EUR 163 million, an increase of the valuation of the call option on the BNP Paribas shares of EUR 77 million, partly offset by a EUR 156 million fair value adjustment of RPN(I) and an anticipated loss of EUR 14 million on the sale of the Ukrainian operations. Mid September, Ageas reached an agreement with US based investment company Horizon Capital for the sale of Fortis Life Insurance Ukraine.The transaction, subject to regulatory approval, is expected to close in the last quarter of 2010, and an anticipated capital loss of some EUR 14 million has been recorded in the third quarter. Operating expenses in the third quarter amounted to EUR 12 million, in line with previous quarters, while a net interest charge of EUR 11 million was recorded in the third quarter. RPN(I) For the calculation of the fair value of the RPN(I), Ageas has consistently adopted the level 3 valuation model based on valuation techniques for financial derivative instruments, introduced at the end of 2009. At the end of September the total liability for RPN(I), including the State Guarantee, amounted to EUR 496 million compared to EUR 340 million at the end of June. This reflects an additional liability of EUR 156 million versus the last quarter. The increase is mainly attributable to the CASHES market price movement. PRESS RELEASE. (from 48% to 56%), and a decrease of the discount rate, only partially offset by a higher Ageas’s share price, The main assumptions used in the model as of 30 September 2010 are a market value of CASHES of 56%, an initial Ageas’s share price of EUR 2.10, reflecting the closing price at the end of September, an implied share price volatility of 42% and a decrease of the discount spread used by 115 bps to 430 bps. The latter reflects a rally in hybrid capital instruments, of which observed prices are used as a proxy to determine the discount rate applicable to the RPN(I), following Basel III regulatory announcements. The quarterly interest payment for the third quarter amounted to EUR 1.8 million bringing the year-to-date payment to EUR 5 million. Call option on BNP Paribas shares Ageas applies a valuation methodology based on standard Black-Scholes models, using volatility as an important denominator. Given the very large number of options on BNP Paribas shares carried by Ageas, representing 121,2 of the BNP Paribas outstanding shares, the monetization of the options is expected to have an effect on the value of traded options and hence the implied volatility. The volatility at year end 2009 therefore included a size-discount of 7%. At the end of June, Ageas decided to move to a gradual exercise strategy in order to minimize the impact of the implied volatility of the shares on the value of the call option. Following this decision the volatility assumption applied since 30 June is based on extrapolated implied volatility observed in the market at a point in time, without applying a discount.. third quarter 2010 | 15. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. The General Account remains volatile. Having recorded a EUR 275 million positive result over the first half, the General Account, after eliminations and consolidation adjustments, recorded a net profit of EUR 37 million in the third quarter. The net result year-to-date amounted to EUR 312 million..

(16) BNP Paribas dividend yield decreased from 5.208% to 4.665%. The following table provides an overview of the main parameters used on 30 September, including a comparison with the assumptions used on 30 June 2010.. 30 September 2010. 30 June 2010. BNP Paribas share price (EUR). 52.17. 44.77. Strike price (EUR). 66.672. 66.672. Volatility Dividend yield. 34%. 39%. 4.665%. 5.208%. Price option (EUR). 9.86. 8.95. Theoretical value of 121.2 mio options (EUR mio). 1,195. 1,085. Discount because of non-standard features call option. 30%. 30%. Estimated Value net-of-tax (EUR mio). 836. 759. Royal Park Investments (RPI) At the end of September 2010, the fair value of the loan portfolio under IFRS and the net debt outstanding amounted EUR 6.4 billion and EUR 7.5 billion respectively. Total interest payments and principal collections for the first 9 months of 2010 amounted to EUR 128 million and EUR 1,172 billion respectively. The net result under IFRS of RPI for the first nine months amounted to EUR 415 million, driven by the increase in fair value of the loan portfolio, currency results and interest income.. Other items General Operating expenses in the third quarter amounted to EUR 12 million, in line with previous 2010 quarters, but around 50% down on the average run rate of last year. Lower staff expenses compared to last year reflect the scaling down of the corporate centre in line with the new group structure. Other expenses also declined but still include a number of one-off costs related to separation, restructuring and legal issues.. The investment in RPI was not impacted by the periodic impairment testing and as a consequence, Ageas could account a positive contribution of EUR 163 million into the third quarter’ net result, in line with its 44.7% stake in RPI. As reported earlier, RPI concluded a number of interest rate swaps in early 2010, exchanging variable interest streams into fixed interest streams. All the accompanying fair value movements flow through equity thereby increasing the equity value as at 30 September by EUR 81 million year-to-date. As a result of the positive contribution and the impact of the swaps, Ageas’s equity investment in RPI increased from the initial investment of EUR 760 million to EUR 1,027 million at the end of September. For more detailed information on RPI and its assets, please refer to the dedicated RPI website: www.royalparkinvestments.com.. PRESS RELEASE. third quarter 2010 | 16. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. The value of the call option at the end of September amounted to EUR 836 million compared to EUR 759 million end of June 2010, after adjustment for non-standard features. The variance is due to a 16.5% higher BNP Paribas share price, partly mitigated by a volatility dropping from 39% to 34%. The market consensus on the expected.

(17) Disclaimer. The forward-looking statements are no guarantee of future performance and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ageas’s ability to control or estimate precisely, such as future market conditions and the behaviour of other market participants. Other unknown or unpredictable factors beyond the control of Ageas could also cause actual results to differ materially from those in the statements and include but are not limited to the consent required from regulatory and supervisory authorities and the outcome of pending and future litigation involving Ageas. Therefore undue reliance should not be placed on such statements. Ageas assumes no obligation and does not intend to update these statements, whether as a result of new information, future events or otherwise, except as required pursuant to applicable law.. PRESS RELEASE. 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. They are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia. It is an undisputed leader in the Belgian market for Individual Life and Employee Benefits, as well as a leading Non-Life player, through AG Insurance. Internationally Ageas has a strong presence in the UK, where it is the third largest player in private car insurance. The company also has subsidiaries in France, Germany, Ukraine and Hong Kong. Ageas has a track record in developing partnerships with strong financial institutions and key distributors in different markets around the world and successfully operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. Ageas employs more than 11,000 people and has annual inflows of almost EUR 16 billion.. third quarter 2010 | 17. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. The information on which the statements in this press release are based may be subject to change and this press release may also contain certain projections or other forward lookingstatements concerning Ageas. These statements are based on current expectations of the management of Ageas and are naturally subject to uncertainties, assumptions and changes in circumstances. The financial information included in this interim management statement is unaudited..

(18) Annexes Annex 1 : Key figures Key figures Ageas in EUR million 9M 10. 9M 09. Q3 10. Q3 09. 13,735.5. 11,406.5. 4,099.9. 3,501.4. 5,055.4. 5,097.2. 1,552.8. 1,542.9. 839.8. 702.3. 290.3. 250.1. - Continental Europe. 3,116.0. 2,557.4. 906.6. 782.2. - Asia. 926.2. - Belgium - UK. 4,724.3. 3,049.6. 1,350.2. Net profit Insurance before non-controlling interests. 435.6. 491.4. 203.8. 196.3. - Belgium. 276.6. 347.0. 157.8. 141.3. - UK. 12.2. 26.9. 5.3. 6.1. - Continental Europe. 60.7. 64.8. 21.7. 25.4. - Asia. 86.1. 52.7. 19.0. 23.5. Net profit Insurance attributable to shareholders. 333.7. 408.6. 153.2. 148.2. - Belgium. 105.7. 205.3. 301.1. 117.4. - UK. 15.5. 26.9. 7.2. 6.1. - Continental Europe. 26.8. 27.9. 9.6. 12.9 23.5. - Asia. 86.1. 52.7. 19.0. Net profit General Account (incl. eliminations). 311.9. 687.7. 37.4. 52.3. Net profit attributable to shareholders. 645.6. 1,096.3. 190.6. 200.5. Funds under management (in EUR bn). 77.6. 70.8. 77.6. 70.8. Total solvency ratio Insurance. 223%. 230%. 223%. 230%. Weighted average number of ordinary shares (in million) Earnings per share (in EUR) Shareholders' equity Net equity per share (in EUR). PRESS RELEASE. 2,475. 2,475. 2,475. 0.26. 0.44. 0.08. 2,475 0.08. 9,649. 8,582. 9,649. 8,582. 3.90. 3.47. 3.90. 3.47. third quarter 2010 | 18. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Total inflow.

(19) Annex 2 : Quarterly inflow data QUARTERLY INFLOW DATA in EUR million By segment. 9M 10. 9M 09. %. Q3 10. Q3 09. %. Q2 10. Q2 09. %. 3,335. 3,495. (5%). 1,064. 1,044. 2%. 1,162. 1,165. (0%). 489. 430. 14%. 109. 135. (19%). 174. 180. (3%). Gross inflow Life. 3,824. 3,925. (3%). 1,173. 1,179. (0%). 1,336. 1,345. (1%). Gross written premiums Non-Life. 1,231. 1,173. 5%. 379. 365. 4%. 369. 356. 4%. Total inflow Belgium. 5,055. 5,098. (1%). 1,552. 1,544. 1%. 1,704. 1,701. 0%. 19. 6. *. 8. 3. *. 6. 2. *. -. -. *. -. -. *. -. -. *. 19. 6. *. 8. 3. *. 6. 2. *. Gross written premiums Non-Life. 821. 696. 18%. 283. 247. 14%. 279. 232. 20%. Total inflow United Kingdom. 840. 702. 20%. 291. 250. 16%. 285. 234. 22%. Gross written premiums. 1,428. 1,151. 24%. 321. 360. (11%). 569. 293. 94%. Investment contracts without DPF. 1,362. 1,224. 11%. 488. 367. 33%. 402. 454. (11%). Gross inflow Life. 2,790. 2,375. 17%. 809. 727. 11%. 971. 747. 30%. 325. 182. 79%. 96. 54. 80%. 109. 57. 93%. 3,115. 2,557. 22%. 905. 781. 16%. 1,080. 803. 34%. 169. 156. 8%. 63. 53. 19%. 58. 55. 7%. 68. 59. 16%. 23. 21. 13%. 24. 20. 16%. 237. 215. 10%. 86. 74. 17%. 82. 75. 10%. Gross written premiums Non-Life. -. -. -. -. Total inflow consolidated entities. 237. 215. 10%. 86. 74. 17%. 82. 75. 10%. Non-consolidated partnerships at 100%. 4,488. 2,836. 58%. 1,265. 854. 48%. 1,483. 908. 63%. Total inflow Asia. 4,725. 3,051. 55%. 1,351. 928. 46%. 1,565. 983. 59%. 13,735. 11,408. 20%. 4,099. 3,503. 17%. 4,634. 3,721. 25%. Belgium Gross written premiums Investment contracts without DPF. United Kingdom Gross written premiums Investment contracts without DPF Gross inflow Life. Continental Europe. Gross written premiums Non-Life Total inflow Continental Europe. Gross written premiums Investment contracts without DPF Gross inflow Life. Total inflow. PRESS RELEASE. third quarter 2010 | 19. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Asia.

(20) QUARTERLY INFLOW DATA in EUR million By type. 9M 10. 9M 09. 3,824. 3,925. 19. Continental Europe Asia. %. Q3 10. Q3 09. ( 3% ). 1,173. 1,179. 6. *. 8. 2,790. 2,375. 17%. 4,340. 2,754. 237. 215. 4,103. %. Q2 10. Q2 09. %. ( 0% ). 1,336. 1,345. ( 1% ). 3. *. 6. 2. *. 809. 727. 11%. 971. 747. 30%. 58%. 1,236. 845. 46%. 1,405. 864. 63%. 10%. 86. 74. 17%. 82. 75. 10%. 2,539. 62%. 1,150. 771. 49%. 1,323. 789. 68%. 10,973. 9,060. 21%. 3,226. 2,754. 17%. 3,717. 2,957. 26%. 1,231. 1,173. 5%. 379. 365. 4%. 369. 356. 4%. United Kingdom. 821. 696. 18%. 283. 247. 14%. 279. 232. 20%. Continental Europe. 325. 182. 79%. 96. 54. 80%. 109. 57. 93%. Asia. 385. 297. 30%. 115. 83. 40%. 161. 119. 35%. -. -. *. -. -. *. -. -. *. 385. 297. 30%. 115. 83. 40%. 161. 119. 35%. 2,762. 2,348. 18%. 873. 749. 17%. 917. 764. 20%. 13,735. 11,408. 20%. 4,099. 3,503. 17%. 4,634. 3,721. 25%. Life Belgium United Kingdom. Fully consolidated Non-consolidated partnerships at 100% Total inflow Life. Belgium. Fully consolidated Non-consolidated partnerships at 100% Total gross written premiums Non-Life Total inflow. PRESS RELEASE. third quarter 2010 | 20. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. Non-Life.

(21) Annex 3 : Inflows per region Inflows per region Gross written premiums. in EUR million Gross inflow Life. Belgium United Kingdom. France Luxembourg. Total. 9M 10. 9M 09. Q3 10. Q3 09. 9M 10. 9M 09. Q3 10. Q3 09. 9M 10. 9M 09. Q3 10. Q3 09. 75%. 3,824. 3,925. 1,173. 1,179. 1,231. 1,173. 379. 365. 5,055. 5,098. 1,552. 1,544. 100%. 19. 6. 8. 3. 821. 696. 283. 247. 840. 702. 291. 250. Continental Europe Portugal. Non- Life. % ownership. 2,790. 2,375. 809. 727. 325. 182. 96. 54. 3,115. 2,557. 905. 781. 51%. 1,364. 1,652. 307. 482. 175. 163. 54. 50. 1,539. 1,815. 361. 532. 100%. 290. 231. 82. 78. -. -. -. -. 290. 231. 82. 78. 50%/100%. 1,051. 416. 394. 143. -. 19. -. 4. 1,051. 435. 394. 147 1. Ukraine. 100%. 2. 2. 1. 1. -. -. -. -. 2. 2. 1. Germany. 100%. 32. 24. 9. 8. -. -. -. -. 32. 24. 9. 8. Turkey. 100%. 51. 50. 16. 15. -. -. -. -. 51. 50. 16. 15. 25%. -. -. -. -. 150. -. 42. -. 150. -. 42. -. 100%. -. 0. -. 0. -. -. -. -. -. -. -. -. 4,340. 2,754. 1,236. 845. 385. 297. 115. 83. 4,725. 3,051. 1,351. 928. 100%. 237. 215. 86. 74. -. -. -. -. 237. 215. 86. 74. Malaysia. 31%. 577. 394. 145. 120. 303. 230. 84. 60. 880. 624. 229. 180. Thailand. 31%/13%. 529. 340. 180. 108. 82. 67. 31. 23. 611. 407. 211. 131. China. 25%. 2,897. 1,754. 788. 525. -. -. -. -. 2,897. 1,754. 788. 525. India. 26%. 100. 51. 37. 18. -. -. -. -. 100. 51. 37. 18. 10,973. 9,060. 3,226. 2,754. 2,762. 2,348. 873. 749. 13,735. 11,408. 4,099. 3,503. Italy Russia Asia Consolidated entities Hong Kong Non-consolidated. Grand Total. PRESS RELEASE. third quarter 2010 | 21. WorldReginfo - 2f5097f5-574a-4004-aaf0-e6f5e307e59c. partnerships at 100%.

(22)