KBC has reported an encouraging underlying net profit of EUR 465 million inthe first quarter of 2009 with measures to contain further structured creditexposure.

This is significantly better than the EU 176 million realised in thedifficult previous quarter. Operating trends have turned positively acrossbusiness units and business margins recovered significantly with operating costlevels reduced, while loan impairment charges also remained well withinexpectations and even below the previous quarter level.

For more detailed information on KBC Earnings statement, please go to: http://www.kbl.lu/