Paris, 2nd October 2008

CNP Assurances and Dexia

Dexia has been informed that the Board of Directors of CNP Assurances has decided to participate in the capital increase of Dexia which was announced Tuesday morning in a proportion which will bring its participation up to close to 3% of Dexia's capital. The shares thus purchased will be attributed to the participation of the Caisse des depôts et consignations in this capital increase. This transaction is in keeping with the historical partnership between Dexia and CNP Assurances.