Presentation of Fortis to Agoria

1. Presentation of Fortis to Agoria Simon van der BurgDeputy Director External Affairs

2. Contents An introduction to Fortis • Ranking and key figures 3 • Three leading businesses: Retail, MPB & Insurance 7 Vision, mission and strategy • Vision and mission 15 • Fortis: raising the bar 18 • Three key levers for sustained growth 17 Fortis + ABN AMRO: together a true European leader 18

3. An introduction to Fortis To be proud of Impressive history in banking and insurance • Strong performance driving net profit to record EUR 4.4 billion in 2006 (+24% before divestments) • Strong position: No. 20 in Fortune Global 500, based on revenues • Strong profitable and sustainable growth strategy • Excellent track record in insurance joint ventures • Unique cross-border network for SME and HNWI • Strong ratings and sound solvency position • One strong brand • 1720: roots of MeesPierson and ASR • 1788: trading with the Russian tsarina Catherine the Great • 1803: financing the United States’ purchase of Louisiana from Napoleon • 1889: ASLK-CGER is the first to combine banking and insurance • 1902: Generale Bank develops in China • 1990: Fortis, first cross-border merger Present in more than 50 countries Over 60,000 dedicated professionals • Key player in Europe (28 countries); niche player in Asia (13 countries) and North America • More than 1,500 retail branches ; 260 credit shops; 180 business centres & private banking offices; 13 representative offices • Insurance sales via bank branches, brokers, tied agents, bank alliances, affinity groups, … • 33% work outside Benelux region • 47% are women • 17% are part-timers • 44% have at least a bachelor degree • 77% are in banking ; 23% in insurance • Average of 4.6 training days per FTE in 2006 • 40 years is the age on average

4. Strong growth through acquisitions & partnerships Selected ABN AMRO activities 1990-2006 Staff: x 3 Net profit: x 8 Market cap: x 16 Total assets: x 28 Captive Finance, Pacific Century Insurance Etalon Life, Cinergy M&T, Dominet, Gutingia, Cadogan, Global Finance Disbank, Dryden WM, Von Essen Bank, O’Connor & Co, Atradius Factor, OutRight, MNIH IDBI Fortis Life Insurance (India) BGL, ASR, Intertrust Millenniumbcp Postbank (Ireland) ASLK-CGER, MeesPierson, Generale Bank Muang Thai KIT Fortis Investment Management Creation of Fortis Assurant Mayban CaiFor Taiping Life Seguros Bilbao CaiFor Integration and consolidation Sustainable growth strategy Acquisitions 2011 2005 1990 2000 Partnership Acquisition Divestment

5. Market capitalisation: Fortis no. 15 in Europe(15 October 2007, in EUR billion) HSBC Santander UBS Unicredito Allianz RB Scotland ING BNP Paribas Intesa San Paolo BBVA AXA Barclays Credit Suisse Soc. Générale Fortis Deutsche Bank HBOS Lloyds TSB Crédit Agricole Generali 50.9

6. 9M 2007FY2006 Net profit before results on divestments 3,580 (-1%)* 4,351 Net profit 3,580 (-1%)* 4,351 Total income 88,449 96,602 Total assets 875,766 775,229 Assets under management 423,443 421,817 Core equity 21,403 19,532 Employees (FTE) 61,770 56,886 Return on Equity 21.5% 22.0% Cost/income ratio (Banking) 60.5% 61.2% Tier 1 ratio (Banking) 6.8% 7.1% Total capital ratio (Banking) 10.8% 11.1% Combined ratio (Insurance) 99.7% 96.1% Share of non-Benelux net profit 18% 21% Operating leverage: Bank (5.9%) 2.1% Insurance (8.7%) (4.3%) Fortis: key figures (IFRS, in EUR million) * Change from 9M 2006

7. Three leading businesses: a balanced portfolio • Market leadership in Benelux – one of Europe’s wealthiest regions • No. 2 in retail financial services and No. 1 credit card issuer • 4 million credit card holders in Benelux and Turkey • Strong footprint in Europe: over 1,500 branches, 260 credit shops in Germany and Poland, Post office network in Belgium and Ireland Retail Banking 23 % * • Strong leadership position in Benelux • Leading worldwide position in specialised sectors (top 10 in renewable energy and in offshore oil and gas services) • Worldwide leader in trust and corporate services • Top 20 worldwide in assets under management from high net worth individuals • Leading service provider in funds administration (worldwide) and in derivatives clearing (Europe) • Top European player in cross-border leasing and factoring Merchant & Private Banking 49 % • Top 10 player in Europe • Largest insurer in Belgium: no. 1 Life, no. 2 Non-life, leading position in group life • Top 3 insurer in the Netherlands, leading market position in niche markets (travel and leisure, funeral policies) • Leadership positions in bancassurance in Portugal, Malaysia and Luxembourg • UK’s third largest private car insurer • No. 6 life insurer in China, no. 6 in Thailand. No. 1 in Malaysia for new individual Life Insurance 28 % * 9M 2007 Contribution to Fortis’s net profit. Excluding Other Banking and General.

8. Retail Banking: successful leverage of our franchise in Europe Belgium Ireland Poland Turkey • Market leader • 4 M active customers • 1,072 branches /343 agents / around 1,000 post offices • An Post joint venture • 1,384 post offices /~3000 post points • 1-2% market share (niche) • 280 K customers • 200 sales points/branches • 1.5 – 3.6% market share • 700 K customers • 226 branches Netherlands Fortis Investments • N°6 in multi-funds sales (Europe) • EUR 131bn FuM • Top 4 (3-5% market share) • 0,9 M active customers • 158 branches /1,000 brokers Consumer Finance • Active in 7 countries • #1 card issuer in Benelux • 4 M credit cards • Focus on credit cardsand consumer loans • Distributing via credit shops and branches Retail Banking Luxembourg • 20% market share Individuals, 40% market share P&S • 278 K customers • 37 branches • Net profit 9M 2007: € 3,580m • Net profit contribution of Retail Banking: € 864m Net Profit Fortis Retail Banking 23 %

9. 5 Merchant & Private BankingStrong client franchise, excellence in product skills Profile Key Data FY 2006 (EUR) • Core client areas are Corporates (selected large and mid-sized), Institutionals and HNWIs • Strong client franchise in the Energy, Commodities and Transportation segment • Global Markets, Investment Banking, SFS and CFC service all client groups • 13,000 FTEs • Recent acquisitions include Cinergy Marketing and Trading (’06), O’Connor (’05) and Dryden Wealth Management (’05), Dreieck (’05) • Total Income: 5,246 m • Net Profit: 2,020 m • Assets under Administration: 131 bn • Assets under Custody: 313 bn • Funds under Mgmt: 79 bn • Credit RWCs: 154 bn • ECAP: 7,501 m • RARORAC: 23% Market Position Contribution to Fortis • N°1 Bank in Benelux, Top 20 Private Bank Worldwide, Global Top 3 in Commodities and Top 10 in Shipping, Top 5 in US Energy • Global Top 3 in Trust, European Top 5 in Factoring, Top 5 in pan-European Leasing • Second largest global administrator in the hedge fund industry Net profit (9M 2007) ECAP (2006) 49% 46%

10. 5 InsuranceA significant and solid contributor to Fortis’ results Key financial data 2006 Profile/description • Composite insurer with focus on life insurance when entering new markets • Multi-channel distribution with strong base in broker and bancassurance • Top 3 position in key markets and top 10 player in European Insurance market • Rapidly and swiftly expanding internationally • Excellent track record in operating and managing partnerships • Gross inflow • Life • Non-life • Operating costs • Net profit • Life • Non-life • Combined ratio • APE EUR 17.2 billion • EUR 12.1 billion • EUR 5.0 billion EUR 1.3 billion EUR 1.4 billion • EUR 924 million • EUR 496 million 96.1% EUR 1.3 billion Leading market position Solid profit contribution to Fortis • Fortis has significant market positions in its markets: • Market leader in Belgium • Top three player in the Netherlands • Second largest player in Luxembourg • Third largest car insurer in the UK • Largest Chinese/Foreign JV in China • Leader in bancassurance in Belgium, Portugal, Malaysia, Thailand and China • Top three in Malaysia (Life, Non-Life and Takaful) Net profit 100% = EUR 3,580 million (9M 2007) Retail 23% Insurance 28% 49% MPB

11. Vision and mission Our vision In a more complex yet more convergent world, innovation, speed and agility will be as crucial as scale, track record and reach. Fortis will stand out as a professional international financial services brand, recognised for its ability to deliver superior and sustainable stakeholder value by constantly anticipating and surpassing the needs of customers, investors, employees, partners and communities wherever we do business. Our mission Fortis provides compelling customer solutions creatively. One of Europe’s most dynamic and sustainable financial services brands, we deliver specialised, innovative and pragmatic customer solutions across a network of channels and by leveraging our operational and entrepreneurial expertise

12. Fortis: raising the bar The excellent results in the period 2004-06, combined with the organisational structure, allow Fortis to reconfirm and accelerate its strategy of becoming a leading European financial services provider, with a strong customer focus, renowned for the quality of its services, and growing in the enlarged Europe, and selectively in Asia and North America. It will achieve this by: • strengthening its leadership positions • invest in growth engines • continue external growth

13. Three levers to sustain growth Disciplined external growth expand • Strict criteria • Strategic fit • Financial fit • Resource fit Invest in growth engines grow • Identify core skills and expertise • Mobilize management focus, talent and capital • Roll outto new markets Leveraging the Enhanced Operating Model perform Strategy - Communication - Values Controlled growth Group resources Finance Risk Investments Insurance Retail Banking Merchant & Private Banking

14. Fortis + ABN AMRO: a unique opportunity… • BU Netherlands(excl. former Dutch wholesale clients, Interbank, DMC Consumer Finance, EC remedies) • BU Private Clients globally • BU Asset Management globally • 33.8% of Shared Assets Scope Strategic Rationale • Market leader in Benelux financial services, with top positions in all segments • Strong European platforms in asset gathering with more than EUR 500 billion Assets under Management • Steady recurrent earnings streams in wealthy Benelux home market, funding international growth • Strong growth engines: roll-out of proven models in Private Banking, Asset Management, Merchant Banking niches, multi-channel distribution Insurance, Consumer Finance, … Strong GrowthOpportunities • Natural fit and proven integration skills on both sides to drive annual pre-tax synergies of EUR 1.3 billion by 2010 • Target return on investment of 11.1% by 2010 SignificantValue CreationPotential

15. …making sum worth more than the parts • Leading retail bank in Belgium and Luxembourg • Leading commercial banking network serving exporting companies in Europe • Unique private banking offering • Growing consumer finance activities • Prominent player in the European insurance market • Strong and undisputed position in the commercial market in the Netherlands • Extensive private banking network • Solid asset management operations • Distinctive transaction banking services • Long and distinct heritage

16. Fortis Stand-alone Fortis + ABN AMRO: top player in Europe set for growth Growth Strategy Well-balanced business mix (% of FY 2006 net profit, pro forma) >7.2 Synergies / Financing Costs Retail Banking Insurance ABN Amro Stand-alone 5.0 Asset Management 1.2 FortisStand-alone Merchant Banking 3.8 Commercial Banking 2006 2007 2008 2009 2010 Private Banking Key figures • More than 10 million retail banking clients • 2,500 retail branches in Europe, 145 Business Centres • Total AuM: EUR ~ 500 billion • More than 80% of banking income in Net interest income & Commissions • Continued commitment to achieve 30% of net profit from outside Benelux • More than 80,000 FTEs Note: all data on this slide are pro forma, based on FY 2006 public information and company estimates

17. # 1 in the Benelux The Benelux Leader Unique customer access Undisputed leader across Benelux: • Mortgages: #1 • Consumer lending: #1 • Investments: #1 • Savings accounts: # 1 • Business lending: # 1 • Serving more than 10 million customers through the Benelux’ largest network of almost 2,000 branches • High penetration of multi-channel distribution in all three countries • Strong presence in wealthiest regions of Benelux: Flanders, Luxembourg, Randstad Rich and mature markets havesignificant wealth accumulation potential Complementary models • Similar retail segmentation(Mass Retail, Affluent/Preferred Banking, Professionals/Small Enterprises) allowing a swift replication of best practice • Performance-driven sales organizations, packaging as cornerstone of product offering • Customer centric approach (Huisbank/ Service)

18. The Netherlands truly becomes a retail home market Top 3 player # 1 Consumer Finance (incl. cards) # 1 Funds # 2 Mortgages # 2 Professionals # 3 Savings Accounts Joint entity • Strong market penetration: • Top 2 household penetration in Mass, Affluent • Top 2 position in Professionals • Customer centric mindset • Strong brand • Solid internet platform • 3rd branch network • Strong talent base • ‘First in mind’ positioning • Strong position in affluent and professionals segment • ABN AMRO second prompted brand within banks • Relatively high share of internet transactions ABN AMRO customers • 3rd nationwide network of bankshops and advisory branches • Consistent historic strong rankings of ABN AMRO on list of favourite employers in NL • ‘First in mind’ positioning • Strong position in consumer finance with ICS • Growth/retention of Fortis share of wallet in mass and affluent driven by sales mindset • Integrated commercial and consumer, generalist branches • Number 1 employer of 2007

19. Creation of a leading European asset manager… Highly profitable & sizeable Leading provider ofasset management solutions ABN AMRO businesses FY 2006 (EUR m) Fortis Combined • True multi-product investment and structuring solutions • Autonomous investment centers for a broad range of asset classes • Each investment center with core proprietary research process designed specifically to extract alpha • 100% accountability aimed at motivating investment specialists to create alpha • Range of investment styles from traditional long only to long-short products focused on absolute return strategies Total Revenues Oper. Expenses Loan Losses Minorities Net Profit C/I ratio 745 (528) - (14) 138 70.9% 347 (208) - (3) 98 59.9% 1,092 (736) - (17) 236 67.4% Top tier European Asset Manager A winning combination • Common management philosophy & similar strategy • Strong product complementarities: highly diversified range of strongly performing products • Firm European footprint combined with global reach & scale • Deep pool of talent to lead and manage the combination • EUR 160million synergy potential • Access to high growth markets & capabilities in high growth product areas FY 2006AuM(EUR bn) 1,374 1 2 3 4 5 6 7 8 9 10 11 12 Barc-lays Allianz AXA Natixis DB UBS CASA CS ING SGAM BNPAM Fortis + ABN Note: all data on this slide are pro forma, based on FY 2006 public information and company estimates

20. … with leveraged capacities in New territories ■■ Amsterdam ■ Brussels ■Antwerp ■Düsseldorf ■■Frankfurt ■■London ■■Luxembourg ■■Paris ■■Madrid ■■Milan ■Vienna ■Warsaw ■■Zurich ■ Oslo ■ Stockholm ■ Helsinki ■ Copenhagen ■ Brno ■■ Athens ■■Hong Kong ■■Shanghai ■ Taipei ■ Seoul ■ Singapore • ABN AMRO ■Boston ■New York ■Toronto ■Chicago ■Atlanta ■St Petersburg ■Moscow ■Almaty • Fortis ■■Tokyo ■Willemstad ■Sydney ■Mumbai ■Buenos Aires ■Sao Paulo ■■Jakarta ■Istanbul

21. Creation of a Top 3 European Private Bank… One integrated international Private Bank Market leader in wealthy Benelux market • Service Provider of choice for HNW and UHNW clients • Dedicated, broad and differentiated service offering • Leading position in Benelux and relevant presence in international Private Banking centers Top 3 European Private Bank A winning combination • Strengthened European footprint &creation of strong growth platform in Asia • Similar client segmentation, service philosophy and geographical focus • Leverage best practices and local market strengths into the international network AuM(EUR bn) 1,220 487 221 189 182 176 138 130 104 88 1 2 3 4 5 6 7 8 9 10 UBS CS Fortis + ABN DB Pictet HSBC Barc-lays BNPP LO-DH CASA Note: all data on this slide are pro-forma, based on FY 2006 public information and company estimates

22. Netherlands • Belgium • France • UK • Italy • Poland • Spain • Luxembourg • Switzerland Germany • Hong Kong • Singapore • Jersey/Guernsey • Taiwan • Curacao • UAE • Indonesia • India … with a growth platform in Asia • ABN AMRO • Fortis

23. Thank you