The Fortis financial statements for the year ended 31 December 2004 were drawn up in accordance with the applicable legal and regulatory requirements in Belgium. An overview of these accounting principles (Fortis Accounting Principles, FAP) is given in the Fortis financial statements for the year ended 31 December 2004. In order to facilitate comparison, Fortis has restated these consolidated financial statements in accordance with IFRS. This note provides further information about the impact of the transition to IFRS.