S&P         

Moody's

Fitch

Insurance Financial Strength Ratings     

AG Insurance

A- / Stable  (29/11/2011)

A2 / Negative  (19/12/2011)*

A+ / Negative  (17/04/2012)

Millenniumbcp Ageas

BB / Negative (17/01/2012)

NR

BBB- / Negative

(25/11/2011)

Ageas Insurance Co. (Asia)

NR

Baa1/Negative (08/07/2011)

A-/ Stable     (05/01/2012)

Muang Thai Life

BBB+ / Stable  (29/12/2010)

NR

BBB+ Stable (16/12/2010)

NR

NR

(26/09/2011)

Public Information ratings

Ageas Insurance Ltd.

BBBpi (19/9/2011)

Ageas Holdings

ageas SA/NV and ageas N.V.

BBB- / Stable / A-3 (25/10/2010)

Baa3 / Negative / P-3     (19/12/2011)*

BBB+ / Negative / F2 (17/04/2012)

* Ageas has requested in early 2009 that this rating
should be withdrawn. Ageas no longer participates
in Moody's credit rating process. Ageas does not
provide, for purposes of Moody's rating, access to
the books, records and other relevant internal
documents of these rated entities.