NAT PORTEFEUIL (D) : FINGEN S.A. - Results of the Offer after reopening; squeeze out and delisting of the NPM/CNP shares

ANNOUNCEMENT

RESULTS and nEXT STEPS of ThE VoLUnTaRY TaKEoVER BId In CaSh

by FINGEN S.A. (the «Bidder»)

A Public Company with Limited Liability, the registered office of which is located at rue de la Blanche Borne 12,

6280 Gerpinnes (Loverval) - Belgium, - Nr. 0466.498.932 (Charleroi Register of Legal Entities)

FOR ALL SHARES (the «Shares»)

(not yet held by the Bidder and persons affiliated to him)

Issued by NATIONALE PORTEFEUILLEMAATSCHAPPIJ N.V. / COMPAGNIE NATIONALE A PORTEFEUILLE S.A. (the «Company»)

A Public Company with Limited Liability, the registered office of which is located at

rue de la Blanche Borne 12, 6280 Gerpinnes (Loverval) - Belgium - Nr. 0404.676.971 (Charleroi Register of Legal Entities)

I. Results of the Offer after reopening

At the end of the reopening of the Offer, as announced on 26 April 2011, acceptations - including those received during the initial acceptance period - cover a total volume of 29,413,602 Shares.

II. Payment of the Shares tendered to the Offer

The payment of the price (EUR 49.01 per Share) of the 2,812,272 Shares tendered to the Offer following the reopening of the Offer as well as the transfer of ownership of such Shares to the Bidder will take place on 9 June 2011.

III. Squeeze out and delisting of the NPM / CNP shares on Euronext Brussels

The launch of a squeeze out, in compliance with article 42 of the Royal Decree on Takeover Bids, is subject to the following two conditions:

(i) holding at least 95% of the capital with voting rights and of the shares with voting rights and (ii) having acquired, as part of the Offer, at least

90% of the capital with voting rights subject to the Offer.

As a reminder, the fulfillment of the first condition was already ascertained at the end of the initial acceptance period as the Bidder and persons affiliated to him already held 96.4% of the capital with voting rights of NPM /CNP.

Taking into consideration the total volume of Shares tendered during the initial acceptance period and the reopening, it was noted that 96.04%

of the Shares subject to the Offer, were tendered to the Bidder.

The two conditions to which the launch of a squeeze out is subject to are thus achieved.

Consequently:

1. The Offer is reopened, in compliance with article 43 of the Royal Decree on Takeover Bids (as described above)

with the consequences of a squeeze out, from 26 May 2011 until 20 June 2011, at the price of EUR 49.01 per Share.

2. The NPM / CNP shares, including the Shares not tendered to the Offer, will be delisted from Euronext Brussels on

25 May 2011 after trading, as already announced by Euronext Brussels on 12 May 2011.

IV. Characteristics of the squeeze out

1. acceptance of the offer

Shareholders can tender their Shares by filling out the Acceptance Form attached as Appendix 1 to the Prospectus and depositing it with one of the Counter Banks or by registering their acceptance directly with one of these, at no costs. Shareholders may elect to have their acceptance registered with another financial intermediary. In such case, they should inquire about the costs, fees and commissions that the relevant financial intermediary might charge and which they will have to bear.

IV. Characteristics of the squeeze out

1. acceptance of the offer

Shareholders can tender their Shares by filling out the Acceptance Form attached as Appendix 1 to the Prospectus and depositing it with one of the Counter Banks or by registering their acceptance directly with one of these, at no costs. Shareholders may elect to have their acceptance registered with another financial intermediary. In such case, they should inquire about the costs, fees and commissions that the relevant financial intermediary might charge and which they will have to bear.

2. Publication of the Results of the squeeze out

21 June 2011.

3. Payment date

The payment of the Shares tendered during the squeeze out as well as the transfer of ownership of such Shares to the Bidder shall take place on 5 July

2011, at the latest.

4. Transfer with full rights to the Bidder of the Shares not being tendered to the offer

In compliance with article 43, paragraph 3 of the Royal Decree of 27 April 2007 on Takeover Bids, the attention of the shareholders, holding Shares subject to the Offer, should be drawn to the following:

(i) the ownership of the Shares not tendered to the Offer during the period which is determined above (supra, III,1), shall be automatically transferred to the Bidder.

(ii) the price of the Shares the ownership of which will be automatically transferred to the Bidder, will be deposited with the Caisse des depôts et consignations for the benefit of their former owners.

5. Taxes on Stock Market Transactions

The tax on stock market transactions will be borne by the Bidder.

6. Prospectus with Response Memorandum and acceptance form and addendum to the Prospectus

The Prospectus and the Addendum to the Prospectus were approved by the CBFA on 22 March 2011.

The Prospectus and the Addendum to the Prospectus are available in French, Dutch and English. In the case of differences between the French, Dutch and English versions, the French versions will prevail. The Response Memorandum of the Board of Directors of the Company, approved by the CBFA on

22 March 2011, forms an integral part of the Prospectus.

The Prospectus and the Addendum to the Prospectus are available in French, Dutch and English on the internet websites of the Company (www.cnp.be, www.npm.be, www.npm-cnp.be) and BNP Paribas Fortis (www.bnpparibasfortis.be/epargneretplacer) for the French versions, (www.bnpparibasfortis.be/sparenenbeleggen) for the Dutch versions and (www.bnpparibasfortis.be/saveandinvest) for the English versions.

The Prospectus and the Addendum to the Prospectus are furthermore available on the internet websites of ING (www.ing.be), KBC (www.kbc.be, www.kbcsecurities.be), Dexia (www.dexia.be), Puilaetco Dewaay Private Bankers (www.puilaetcodewaay.be) and KBL (www.kbl.lu/wps/portal/internet/opacnp). The Prospectus and the Addendum to the Prospectus can also be requested without charge by telephone from BNP Paribas Fortis [phone] (for French) [phone] (for Dutch), ING [phone] (for French) [phone] (for Dutch) [phone] (for Engliish), KBC [phone] (for French) [phone] (for Dutch), Dexia [phone], Bank Delen [phone], Puilaetco Dewaay

[phone] and KBL [phone], [phone]

The Bidder has been advised on certain financial matters in relation to the Offer by

BNP Paribas Fortis

Counter Banks

Capitalized terms used in this announcement have the meaning ascribed to such terms in the Prospectus.