New appointments to the Executive Committee of KBC Group NV

Regulated information* - 25 March 2010 (05.40 p.m. CET)
 
The  Board of Directors of KBC Group NV decided today to appoint John Hollows as
Chief  Risk  Officer  of  KBC  Group,  with effect from 29 April 2010, after the
General Shareholders' Meeting. He will succeed Christian Defrancq, who was Chief
Risk  Officer  and  Member  of  the  Executive  Committee  of KBC Group since 1
September  2009 and expressed his intention to  retire from KBC, as announced in
June of last year.
 
The  Board of Directors also decided that  John Hollows, who is currently CEO of
the  Central  &  Eastern  Europe  and  Russia  Business  Unit  and member of the
Executive  Committee of KBC  Group, will be  succeeded by Marko Voljč, currently
CEO  of K&H Bank and Country Manager for the Hungarian operations. The successor
to Marko Voljč will be appointed in the coming days.
 
 The  Board  of  Directors  of  KBC  Group  NV wishes to take the opportunity to
express its sincere gratitude to Chris Defrancq for his many years of dedication
to the KBC group.
 
 Chris  Defrancq, who  turns 60 in  May, graduated  with a degree in mathematics
from  Ghent University and a degree in actuarial sciences from the KU Leuven. He
joined   KBC   Insurance  NV  in  1998 and  was  appointed  Manager  of  IT  and
Organisation.  In May 2006, he  became Chief Operating  Officer, Shared Services
and Operations Division of KBC Group NV.
 
 With  the approval of  the Executive Committee  and having received advice from
the  Nomination Committee, the Board of Directors  of KBC Group NV has appointed
John  Hollows to succeed  Chris Defrancq as  KBC Group Chief  Risk Officer, with
effect from 29 April 2010.
 
 John  Hollows earned his  degree in law  and economics at Cambridge University.
Between 1978 and 1991, he worked for the head office of Barclays Bank in London,
and  subsequently as  Country Manager  for Barclays  Bank in Taiwan from 1991 to
1995. He  joined KBC Bank in 1996 as  Country Manager of the Shanghai operations
and  in 1999 became  General Manager  for the  Asia-Pacific region, where he was
responsible  for ten branches across six countries.  He was appointed CEO of K&H
Bank  in 2003, and in May 2006 became General Manager of Banking for the Central
Europe Directorate at KBC group headquarters in Brussels. On 1 September 2009 he
was  appointed CEO of the Central &  Eastern Europe and Russia Business Unit and
member of the Executive Committee of KBC Group NV.
 
 Marko Voljč graduated with a degree in economics at the University of Ljubljana
and Belgrade. Between 1976 and 1979, he was head of the analytical department of
the National Bank of Slovenia. From 1979 through 1992, he worked for the World
Bank in Washington D.C. and Mexico City. In 1992, he joined Nova Ljubljanska
Banka in Slovenia as President and CEO. In 2004, he became General Manager of
the Central Europe Directorate at KBC headquarters in Brussels. In that
capacity, he sat on the supervisory boards of KBC's banking subsidiaries in
Poland, Hungary and the Czech Republic. In May 2006, he was appointed CEO of K&H
Bank and became also Country Manager of the Hungarian operations.
 
 The appointments of John Hollows and Marko Voljč have been approved by the CBFA
(the Belgian financial regulator).
 
* This news item contains information that is subject to the transparency
regulations for listed companies.
 
[HUG#1397708]
 
CRO_E.pdf: http://hugin.info/133947/R/1397708/353615.pdf