Fortis finalizes acquisition price for Disbank (NL/BE)

At the time of the announcement of the Fortis' execution of a Share Sale and Purchase Agreement (the "Agreement") with Dogan Sirketler Grubu Holding A.S. and certain other sellers for acquiring a 89.34% stake in Disbank (12 April 2005), Fortis had stated that final purchase price would be determined by way of considering the difference in the net asset value as stated in the Disbank's audited financial accounts for the period ending 31 May 2005 and the 31 December 2004 audited financial account.

The parties have, on this basis, entered into negotiations for determining the final purchase price in accordance with the price adjustment mechanism stipulated in the Agreement. Both parties have agreed on a positive adjustment of YTL 3 million (EUR 1,79 million)
for 100% of Disbank's shares. As a result, the total acquistion price will amount to EUR 986.8 million.

Source: Fortis

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