Dexia S.A. ADR (DXBGY)

[Renee]

DXBGY: 1 -250 R/S concurrent with Ratio Change. Holders of Dexia SA are required on a mandatory basis to surrender their DR(s) for cancellation and exchange their “Old” DRs for “new” DRs. DR holders will receive 1 “New” Depositary Shares (DSs) for every 250 “Old” DSs. Only whole DSs will be distributed. Old Ratio: 1 DS: 1 Common share; New Ratio: 4 DSs: 1 Common share

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