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Intervention Delville-Fortiter.Be Delville-Fortiter.be Intervention Philippe Delville Brussels Consulting Group SA/NV - Managing Partner, Advisor of minority shareholders Mobile : (+32) 476. 44. 73. 42 Courriel : [email protected] Intervention Intervention of Mr Philippe Delville at the Ageas shareholders GM of April 29, 2015. (Summary presented at the GM - Complete text hereunder) Dear Madam, Dear Sir, Dear Partner in Ageas, My name is Philippe Delville. For those who don’t know me I refer them to my portrait in the newspaper L’Echo of August 7 last year, last page, I was the 3d of a series of 5, called “les emmerdeurs des assemblées générales d’actionnaires” which I would translate by “these bluddy troublemakers at annual meetings of shareholders”. Actually in that series I was in very fine company such as that of André de Barsy, who like me does his homework of activist shareholder, or Eric Knight, of Knight Vinke Asset Management, who makes quick money out of his homework. So rather than a “bluddy troublemaker”, please call me an activist shareholder who does his homework properly. Because for me our Annual General Meeting is not just the price to pay to get to (otherwise) free buffets and bars : it is a working session which I have prepared with care, if not as cleverly as André, but certainly doing it the best I could. And today, and more than ever before, I want you to benefit from the fruits of my homework. If you are among those who come here only for the free buffets and bars, then you’ll have to wait another … minutes & … seconds more before getting to them. This is the exact time if have chronometered it will take for me to read a written presentation. A written presentation copy of which will be given to 2 trustworthy newspapers, L’Echo & De Tijd, and through them to Bloomberg News, with a strict embargo until I read its very last word. Once I have summarized it to you, I will hand over a complete copy of it to our Chairman of the GM and ask him to add in Appendix to the minutes of this GM; complete because I will not read its last paragraphs in this GM but jmmediately thereafter in a private meeting I will hold here; “private” because I will ask no press representatives to be present at it except the 3 medias I just mentioned whom I have given an exclusivity to. Everything I will now tell you which is not in my written note will be in French and counted outside my time credit. In no way will I exceed this time credit, even if you insist. If one of you is fed up with what I believe to have the duty to let you know, just get the attention of our Chairman, Mr De Mey : I trust him that by a simple majority vote of raising one hand (not 2 !), he will tell me if a majority of you wants me to stop. If your vote is that I stop, I will obey right away to your sovereign decision. Simply I will keep what’s left unread of my written presentation for the private meeting I will hold here just after our GMs. Once my private meeting is itself adjourned, but not before, I will lift the embargo I have imposed on the 3 Medias. From then on, every one of you will be free to protect its/her/his interests as it/she/he wishes, including passing orders on stocks like ageas of course, and – why not ! - BNP Paribas. 2 Intervention Now to set the stage, 4 initial remarks: 1. - For those who do not know me, my biographical note is in my website delville-fortiter.be (fortiter eaning here either “for the 3d time” or “courageously” in latin). Please note I have deposited all my 9 shares (so 9 times more than our fellow shareholder DRS, the new name of Deminor, who deposited one to allow its M. Demoulin use the microphone # 1). I indeed sold all my other Fortis SA/NV shares, which I had inherited from my wife (deceased in August 2000): they were sold at the end of 2007 at an average quotation around 15. - €. Note also that my sons who also inherited shares from their mother did not follow the advice of their father and kept them. Even one of them, again contrary to the advice of the latter, subscribed to the September 2008 capital increase. They are in no way my principals here but I feel it a moral duty to help them recoup part of their huge capital loss. 2. - Worthwhile for you to know that I might be the only living Belgian citizen who has been twice declared fully insolvent : first, by the Court of appeal on an appeal filed on behalf of the French Government’s affiliate company GBL Suez by the law firm Simont Braun, an offspring of Stibbe ; second, in January 2014 by the Supreme Court (Cour de cassation) of Belgium which, for that reason, appointed Mr John Kirkpatrick, of the law firm Liedekerke Wolters Waelbroeck & Kirkpatrick, to assist me pro deo in the case <Delville v/ BNP Paribas Fortis>, a case I filed in my quality of L&H shareholder, my lawyer acting also for several other L&H shareholders ; the case which will soon be reactivated, this time, against not only Fortis Bank but also 3 other banks which all 4 acted as “banksters” in that case, a fact still current as the concealment by the 4 banks is still going on. Being twice declared insolvent, I feel fully protected against the menaces of personal financial retaliation I have received ; so, if I stay within the limit of the law and the decency, being the poorer here, I am the stronger, which allows me in front of you “to call a spade, a spade” (in French : appeler un chat, un chat), thus not Mr “X”, but Mr so and so, be it Mr Filip Dierckx, Michel Pébereau or Didier Reynders ; thus making much easier for you to follow my presentation ; 3. - For your info, I act totally on my one and alone, as I have no obligation to any principal, except moral commitments, first, to my children and second to a gentleman living in WestVlaanderen, shareholder of its neighbor L&H, as he is the one who in May 2002 gave me the information against 4 of the 6 banks operating in Belgium, with the largest number of branch offices. After reviewing his material, I indeed found out the 4 banks had acted as “banksters” with the help of an international law firm to build what my informer called “a white collar hold up” to the detriment of the whole collectivity of Lernout & Hauspie shareholders, except the 2 (he said) crooks Jo Lernout & Pol Hauspie, with the active support of the whole so-called Vlerick Flemish lobby led by another (he said) crook, the former lawyer Louis Verbeke, until last year Chairman of the Vlerick Leuven School van Management in Ghent. 4. - You have noticed that just like last year, I went to the bureau of our GM : I confirm to you that my only goals of exercising what is just a straight right of a shareholder, are the following : - before all, it allows me to find out how many friends I have present today : - from the Report of Activities and the ageas website, you all know who does own 3 % or more of our company, that is: one Franklin Mut .Adv. with between 3 % and 5 % and 4, each with around 5 % : Ageas, Ping An, Schroders & Blackrock ; what I wanted to know is whom they gave their proxies to : I do now ; also whom other institutional investors gave their proxy to or through, like ISS : I know too ; 3 Intervention - of course, what I do not know, is how they have instructed to vote. the “BNPariLeaks” : a goldmine of pieces of evidence which I own From the homework I have conducted since our last General Meeting in April 2014, I have gathered a mine of pieces of evidence which I now own on which to build a strong case with the wrongly called “Fortis SA/NV Case”, to rightly call the “Fortis Bank NV/SA-BNP Paribas Fortis SA/NV Case” ; this goldmine is essentially composed of : - intramails or e-mails exchanged within Fortis Bank-BNP Paribas Fortis more lately within BNP Paribas : some of them I have received, many others have been read to me with their precise sender/receiver identities & precise day, hour, minute ; one unique and very special feature of these is obvious : they all still are the possession of the 2 future defendants or, if they are no longer retrievable by them, it is because they have destroyed them, a recognition of their fault ; other evidences are testimonies already given to the investigating magistrate (juge d’instruction), Mr Jeroen Burm (now retired) or promised to me once I have filed my complaint to the court, or to be given on immediate request from the investigating magistrate, Mr Patrick Gaudious ; - finally some other meaningful data are I do not own as they readily accessible on Internet, such as court decisions in Belgium, the Netherlands or the USA ; key words to get to them will be added to my present presentation to be filed in appendix to the official minutes of our present GM. I will use one of these last pieces of evidence as epigraph to our working session here below. As apex of my pyramidal presentation: intramail within Fortis Bank NV/SA in the last week of August 2007 from its employees Mr David Moucheron to Mr Robert Scharf, quoted in the 82-page subpoena filed in Utrecht on July 2011 by the “Stichting Investor Claims Against Fortis” (Point 64 - ftnt 38 (IR § 1441) - click “English translation Writ (0002878)”) “For the external World, (…) it said: Although we have some US Sub-prime mortgage CDO exposure, we are convinced, based on our current assessment, that this will not have a material effect on our full year 2007 results.” (…) I think we should check with Filip/Karel that we can still keep this line, and how we ’enrich’ to address the liquidity issue (…)”.(bold print added by Investigators).
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