Composition of the Board of Directors

The Board will propose to Fortis' shareholders to reappoint Count Maurice Lippens for a three-year term and Baron Daniel Janssen for a one-year term, Mr. Janssen reaching in 2006 the age limit set by the Board.

 

The Board decided not to propose to Fortis' Shareholders the reappointment of Prof. Dr. Annemieke Roobeek, applying the new policy adopted by the Board regarding the maximum duration of a mandate as non-executive Member.

 

Mrs. Roobeek joined in 1994 the Supervisory Board of Fortis Amev and is since 1998 non-executive member of the Board of Directors of Fortis. During all these years the Board benefited from Mrs. Roobeek's sound understanding of the Fortis' strategic choices and of her strong commitment to the Board work and Fortis development. The Board expresses its deep gratitude for the important contribution made by Mrs. Roobeek to Fortis during a period of significative external and internal growth.

 

Later today, 9 March 2005, the Board will determine the 2004 Fortis Results and the dividend proposal to be submitted for decision to shareholders. The press release relative to the results and the dividend will be issued on Thursday 10 March, before the opening of Euronext.

 

Fortis is an integrated financial services provider active in the fields of banking and insurance. With a market capitalization of EUR 27,7 billion (28/02/2005) and around 52,000 employees, Fortis ranks in the top 20 of European financial institutions. In its home market, the Benelux countries, Fortis occupies a leading position which it aims to develop and bolster. Fortis is drawing on the expertise it has acquired in its home market to realize its European ambitions via growth platforms. Fortis also operates successfully worldwide in selected activities. In specific countries in Europe and Asia it effectively exploits its know-how and experience in bancassurance. Fortis is listed on the exchanges of Amsterdam, Brussels and Luxembourg and has a sponsored ADR programme in the United States. More information is available on www.fortis.com