In accordance with the rules on financial transparency*, Schroders Plc has notified Ageas on 14 December 2015 that, on 10 December 2015, its interest has fallen below the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 4.98%.

Reason for the notification Acquisition or disposal of voting securities or voting rights

Notification by A parent undertaking or a controlling person

Persons subject to the notification requirement

Schroders Plc

Date on which the threshold is crossed 10 December 2015

Threshold that is crossed (in %) 5%

Denominator 223,778,433 shares

Notified details

Chain of controlled undertakings through which the holding is effectively held, if applicable

Schroders Plc is not a controlled entity, it is the parent company of Schroder Administration Limited, which itself is the parent company of Schroder Investment Management Limited and Schroder International Holdings Limited; who are discretionary fund managers holding shares on behalf of their clients and can exercise the voting rights for all shares mentioned in Section 10. Schroder Investment Management North America Limited is a subsidiary of Schroder Investment Management Limited; and a discretionary fund manager holding shares on behalf of its clients and can exercise the voting rights for all shares mentioned in Section 10. Schroder & Co. Limited is a subsidiary of Schroder Administration Limited; and a discretionary fund manager holding shares on behalf of its clients and can exercise the voting rights for all shares mentioned in Section 10. Schroder (C.I,) Limited. Limited is a subsidiary of Schroder International Holdings (Bermuda) Limited, which itself is a subsidiary of Schroder Holdings (Bermuda) Limited; which itself is a subsidiary of Schroder International Holdings Limited, and a discretionary fund manager holding shares on behalf of its clients and can exercise the voting rights for all shares mentioned in Section 10.

This press release and the notifications received by Ageas are available on the website.

* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

Ageas is an international insurance group with a heritage spanning 190 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, the Philippines and Vietnam and has subsidiaries in France, Portugal, Hong Kong and the UK. Ageas is the market leader in Belgium for individual life and employee benefits, as well as a leading Non-Life player through AG Insurance. In the UK, Ageas occupies the number 3 position in cars insured and has a strong presence in the over 50's market. Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has reported annual inflows close to EUR 26 billion in 2014.