OREANDA-NEWS. The Board of Directors of Dexia SA, who met on March 11, 2013 under the chairmanship of Mr. Robert de Metz, has taken note of the decision of Mr. Olivier Bourges and Mr. Herve de Villeroche to end their mandate as members of the Board.

The Board has decided to co-opt Mr. Thierry Francq and Mrs Delphine dAmarzit as members of the Board to replace Mr. Olivier Bourges and Mr. Herve de Villeroche from March 11, 2013 onwards. Their final appointment will be proposed at the next General Shareholders Meeting.

Dexia would like to thank Mr. Olivier Bourges and Mr. Herve de Villeroche for their contribution to the works of the Board of Directors.

Thierry Francq was born in 1964 and is a French national. He graduated from the Ecole polytechnique and the Ecole nationale de statistiques et dadministration economique (ENSAE). He began his career in 1988 in the Direction de la Prevision (Ministry of the Economy, Finance and Industry), as assistant to the head of the Foreign Bureau and then financial transactions. In 1992, he joined the Treasury Department where he was deputy head of the Housing Financing Bureau and, as of 1995, head of the bureau in charge of French policy regarding the International Monetary Fund (IMF), the international financial system and the preparation of the G7 summits. From 2000 to 2002, he held the position of assistant manager in charge of the regulation of insurance companies, products and markets and then, from 2002 to 2004, assistant manager in the Service des participations before being appointed head of the financing of the economy at the Direction generale du Tresor et de la politique economique (DGTPE). In March 2009, he was appointed secretary general of the Financial Markets Authority (AMF). Since December 2012 he has been executive advisor to the General Director of the French Treasury.

Delphine d'Amarzit was born in 1973 and is a French national. She graduated from the Institut detudes politiques (IEP) in Paris and is a former student of the Ecole nationale dadministration. In 1996 she became a Finance inspector. In 2000 she was appointed assistant secretary general and then in 2001 secretary general of the Paris Club and head of the International indebtedness, Paris Club and credit insurance bureau at the Treasury Department. She then became advisor in charge of the financial sector to the Minister for the Economy, Finance and Industry (2003-2006), assistant manager for financial markets and corporate financing (2006-2007) at the Treasury Department and then adviser for economic and financial affairs to the Prime Minister (2007-2009). Since July 2009 she has been head of department at the Directorate General of the Treasury. She is also a director of the Agence frangaise de developpement and the Banque publique dinvestissement.