Buy back OLO 34 (ISIN Code BE0000294034)

Via the MTS Associated Markets electronic platform

Within the framework of its announced Buyback program for bonds coming to maturity within 12 months, the Belgian Debt Agency will start quoting bid prices on a special window on the MTS Associated Markets electronic platform as of next September 29th, to buy back its OLO 34 (ISIN : BE0000294034). The current outstanding of the bond is 11,901,400,000 EUR , it is maturing on 28th September 2005.