New OLO 48 (2)

Press release from the Belgian Debt Agency

The KINGDOM OF BELGIUM intends to issue a new benchmark syndicated 15 year (OLO48) this week. The new OLO will have a maturity of 28th March, 2022. The Kingdom has mandated Calyon, Citigroup, Fortis and Goldman Sachs as joint bookrunners. All primary and recognised dealers in Belgian government securities will be invited to join the syndicate. ICMA/FSA Stabilisation. The OLO auction scheduled for 29th May, 2006 is cancelled.