There have been no material events after the balance sheet date that would require adjustment to the Consolidated Financial Statements as at 31 December 2007.

VINCI and Fortis signed on 5 March 2008 a memorandum of understanding with a view to combine their respective activities in the public car park industry. This combination willd be achieved through VINCI Park, a subsidiary of VINCI Concessions, and Interparking, a subsidiary of Fortis Real Estate. The new entity will manage 1.3 million parking places in 1,800 car parks in 16 countries worldwide.

After a period of due diligence, the final agreement is expected to be signed in the third quarter of 2008. The completion of the transaction will be subject to customary closing conditions and regulatory approvals. The transaction will have a positive impact on Fortis' solvency ratio.

Fortis and Santander announced on 27 February 2008 that they have reached an agreement by which Santander will purchase from Fortis the Brazilian asset management activities of ABN AMRO, which Fortis acquired as part of the Consortium’s (RBS, Fortis and Santander) purchase of ABN AMRO. Fortis will retain the Latin American (ex-Brazil) institutional sales and some equity investment teams related to funds distributed through ABN AMRO/Fortis channels.

This transaction, which amounts to approximately EUR 209 million, should be finalised in the second quarter of 2008, subject to customary closing conditions and regulatory approvals.

Fortis launched on 18 February 2008 a Core Tier 1 capital transaction in the amount of USD 750 million (‘NITSH’ or ‘Non-Innovative Tier-1 Hybrid Securities’). The transaction is non-dilutive. This instrument is a non equity-linked, perpetual and subordinated debt, callable as of 2013 and without incentive to redeem. The securities are qualified as ’non-innovative Tier 1’, not subject to a 15% regulatory limit.