Disclosure pursuant to transparency legislation...

Regulated information* - 1 December 2008 (8 a.m. CEST)


The purpose of the transparency legislation is to ensure transparency
of the shareholder structure of listed companies. In order to  enable
investors to submit  notifications as required  by this  legislation,
the  Belgian  transparency  rules  impose,  among  other  things,  an
obligation on the  listed companies  to disclose  information on  the
number of  shares, the  number of  voting rights  and the  number  of
rights to subscribe to as yet unissued securities with voting right.

The information that  must be published  by KBC is  available on  its
website www.kbc.com/investor relations (under the sections 'number of
shares' and 'shareholder structure').

As at 30 November 2008,  the 1998/2008 Mandatorily Convertible  Bonds
(MCBs) issued by KBC Bank NV reached maturity. In accordance with the
terms of  issue,  all  remaining  2 524  722  outstanding  MCBs  were
contributed to  the capital  of  KBC Group  NV  on 1  December  2008,
against the issuance  of the same  number of ordinary  shares of  KBC
Group NV.

This resulted in the following changes  as at 1 December 2008,  which
are  being   disclosed   to   enable  investors   to   submit   their
notifications:
-          The number of MCBs has been reduced to 0;
-          The number of ordinary shares of KBC Group NV increased by
2 524 722 to 357 704 668;
-          The issued share capital of KBC Group NV increased from  1
235 381  265 EUR  to 1  244 167  297 EUR.  As MCBs  are part  of  the
consolidated equity under IFRS, this  conversion does not affect  the
equity as  mentioned  under  IFRS. Moreover,  given  that  MCBs  were
already included in the denominator  of the Earnings per Share  (EPS)
calculation, this conversion is not EPS-dilutive.

Contact for notifications: KBC Group NV, Investor Relations Office  -
IRO, Havenlaan 2, BE-1080 Brussels, [e-mail]





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


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.