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Investor Presentaiton

Purchase price & closing requirements Purchase Price Considerations ■ KBC Bank NV has agreed to acquire 100% of Raiffeisenbank Bulgaria (RBBG) for a total cash consideration of 1015m EUR (the "Purchase Price"), payable at closing EPS accretive from year 1 onwards. The Purchase Price represents a 1.64x multiple of the 2022E Tangible Book value and a 13 P/E (1) (based on 2022E earnings) Closing Requirements ■ Closing of the Transaction is dependent upon the regulatory approvals from the Bulgarian National Bank (BNB) and the Bulgarian Financial Supervision Commission (FSC), the non-objection by the National Bank of Belgium (NBB) and the European Central Bank (ECB) and Bulgarian Competition Protection Commission approval ■ The Transaction is expected to close mid-2022 (1) Including RR synergies (Run Rate synergies: recurring for longer terms & perpetual synergies ) + best estimate book value 10 KBC
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