General Presentation

World Leader of Public Finance

General Presentation

June 2005

2

Contents

! Dexia within the local public finance market

! Group financial performance and targets

! Business lines

! Appendices

Part One

Dexia within the local public finance market

4

The main markets of local public finance

Outstanding debt 2003 1,240 Bn€ 514 Bn€ 1,473 Bn€

Method of financing Bond market

Mainly Bank Loans

Bond market and Bank loans

Annual expected future growth rate

4.5 % 1.5 % 4.5 %

5

The playersThe local public finance market

Domestic savingsbanks

L.T. lending institutions

Arrangers

Bond insurers

Disintermediated(Munic ipal bond market)

Intermediated

Liability-driven Asset-driven

Dexia Bank Dexia Crédit Local

Investors

Dexia Public Capital Markets

Dexia Municipal Agency (DMA)Dexia Hypothekenbank Berlin (DHB)Dexia CrediopDexia New York…

6

Market constituents and clients’ needs

Market constituents

! Municipalities

! Regions

! Social housing institutions

! Health care institutions

! Schools / universities

! Charities

! Project Finance structures

Clients’ needs

! Funding

! Long-lasting relationship

! Assistance to Financial/budget management

! Access to capital markets solutions

! Optimisation of debt and cost of debt

! Public/private partnership

7

Dexia is the only global player to offer full range of products/services to the local public sector

Local public sector

Local public Local public sectorsector

Project Financing

Insurance Services

Debt Management

Structured Loans

Long term Loans

Capital MarketsSolutions

Credit Enhancement

Asset Management

Payment services / Short term lendings

8

5980

27

12

1996 1997 1998 1999 2000 2001 2002 2003

Dexia outperformed the market in Europe

1996 1997 1998 1999 2000 2001 2002 2003

Europe

514 Bn€451 Bn€

CAGR: +1.9% p.a. 107 Bn€

72Bn€

CAGR: +5.9% p.a.

Grou p

+4.4% p.a.

+11.7% p.a.

Local authorities* Other local players

* Subsovereign borrowers, excluding the German Länder

Local authorities*

Long-term loans outstanding

9

Key business model features

! Solvency of borrowers" Low risk asset weighting" Narrow margins" Low cost of risk

! Long-term" Annuity building business" Low revenue volatility

! Importance of funding" High credit ratings needed

! Differential advantages" A “volume” business " Innovation: new products successfully marketed in a country can be exported to others

10

A different business model

1,000

4

342

42

622

587

91

1,000

559

1.000

22

211

59

964

959

63

1.000

630

Net income before minorities

Cost of risk

Costs

Revenues (1,000 basis)

Non performing loans

Shareholder Equity

Customer deposits

Risk-weighted assets

Customer loans (1,000 basis)

Dexia Group of the 29 first European banks

Data: FY 2004 results

B/S

P&

L

11

Profit margin *

* Profit Margin : Net income before minority interests / Total revenue** Banking activ ities only

Ranking in term of market capitalization as of May 27th, 2005 / Data 2004, except for Bank of Ireland (Sept. 04)

-25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0%

Den DanskeBank of Ireland

DexiaNordea

Banco PopularAIB

HBOSBBVA

Standard Chartered KBC

BNP ParibasLloydsHSBC

BarclaysFortis **

Average of 30 BanksUnicreditoABN AmroSantander

SocGenUBS

RBOSIntesa

ING Groep**CA SASP IMI

Bank Austria CreditanstaltCrédit Suisse

Deutsche BankAllianz (Banking

HVB Group

23 %

34 %

Average of 30 Banks

Dexia

12

History:In 1996 CCB and CLF combined into Dexia

Crédit local de France (CLF)

LT bond

issues

LT lendingsto local public

authorities

(52 Bn€)

Bond portfolio

assets liabilities

Retail

customer

deposits

(66 Bn€)

Lendings to local public authorities

Retail loans

Bond portfolio

assets liabilities

+ BILPrivate Banking

Asset Management

Fund Administration

Crédit Communal de Belgique (CCB)

Net combined income 1996: 481 M€12

13

Dexia primary franchise …

LiabilitiesAssets

High grade bond funding 128 Bn€Institutional client deposits 52 Bn€Retail/Private Banking deposits 65 Bn€

Public/Project Finance credit o/S 212 Bn€

Credit Enhancement 326 BnUS$(FSA)

Asset Management 72 Bn€

Aggregate amounts at Dec. 31, 2004

14

53%

14%

22%

11%

Business portfolio

Pie chart represents segment contributions to the underlying net income – Group share in 2004 (i.e. excluding nonrecurring items & central assets), with changes in Business Lines segmentation* i.e.under EU GAAP without IAS 32 & IAS 39 and IFRS 4

Net income - Group share* FY 2004 : 1,822 M€

Public/Project Finance & Credit Enhancement

Investment Management and Insurance Services

Personal Financial Services

Treasury andFinancial Markets

Part Two

Group financial performance and targets

16

1.92

1.441.241.13

1.251.15

0.980.85

0.750.66

1996 1997 1998 1999 2000 2001 2002 2003 2004 2007

A double digit growth of the Earnings Per Share

1.63

2.02

(1) Excluding nonrecurring items(2) Without IAS 32 & 39 and IFRS 4

Objective

CAGR:+ 12.0 % p.a.

CAGR:+ 12.0 % p.a.

CAGR “UNDERLYING” :+ 10.1 % p.a.

CAGR “UNDERLYING” :+ 10.1 % p.a.

Reported Earnings per Share (in Eur)

(1)

(1)

(2)

EU GAAP Dexia GAAP

17

Dividend Per Share

0.390.43

0.48 0.480.53

0.62

0.320.36

0.310.26

1997 1998 1999 2000 2001 2002 2003 2004

CAGR:+11.5 % p.a.

CAGR:+11.5 % p.a.

Dexia BelgiumDexia France

Dexia

+ 17.0%+ 17.0%

Gross Dividend (in Eur)

18

MIDTERM TARGET

9.3% 9.9%10.7%

9.6%

2002 2003 2004 Q1 2005

MIDTERM TARGET

ROE and Tier 1 ratioTi

er 1

rat

ioR

OE

* core ROE i.e., equity without AFS and CFH reserves

EU GAAP Dexia GAAP

EU GAAP* Dexia GAAP

18.7%19.8%

16.5%16.2%

12%

14%

16%

18%

20%

2002 2003 2004 Q1 2005

19

Return on risk-weighted assets (RORWA)*

1.50%1.40%

1.76%

1.32%1.23%

1.50%1.30%

1.01%

0%

1%

2%

2001 2002 2003 2004

Dexia Peer group**

* The ratio between the net income including minority interests and the average risk-weighted assets** Peer Group: Abn-Amro, Barclays Bank, HVB Group, BBVA, BNP Paribas, Crédit Lyonnais then CA SA,

Deutsche Bank, Allianz (Banking activities), Fortis, KBC, ING Groep, Lloyds TSB, Nordea, Société Générale, SP IMI (estimates)

*** FY 2004 data for Peer Group Source Company Reports

20

59.0 58.9 59.2

55.954.0

52.6

2001 2002 2003 2004 Q1 2005 2007

Cost/income ratio (%)

Objective

* Excluding nonrecurring items

*

under Dexia GAAP under EU GAAP

*

21

Cost of risk related to total net O/S commitments (in basis points)

For Credit Enhancement activities, Cost of Risk relates to net par outstanding insured

* Excluding impact of charges for Legio Lease at Dexia Bank Nederland

6.47.8

2.2

6.6

12.2

9.8

5.7

1.80.8

1997 1998 1999 2000 2001 2002 2003 2004 Q1 2005

1.20.4 0.7 0.6 0.6

2.5

1.20.6 0.5Credit

enhancement

Banking activities

*

*

*

**

22

Summary of P&Lunder EU GAAP (IFRS as endorsed by EU Commission)

(M€)

2004 (1)

Q1 2004 (1) Q1 2005 ∆ Q1 04/ Q1 05

Evolution of underlying (2)

Income

5,629 1,458 1,453 - 0.3% + 5.1%

Costs

- 3,064 -743 - 773 + 4.1% + 5.9%

Gross operating income

2,565 715 680 - 4.9% + 4.1%

Cost of risk

- 226 - 14 - 90 x 6.6

Tax expense

- 429 - 150 - 101 - 33.0%

Other items -88 - 32 - 14 n.s.

Net income – Group share

1,822 519 475 - 8.6% + 12.0%

(1) Without IAS 32 & IAS 39 and IFRS 4(2) Based on pro forma accounts, excluding nonrecurring items

Part Three

Business lines

# Public/Project Finance and Credit Enhancement

# Personal Financial Services

# Investment Management and Insurance Services

# Treasury and Financial Markets

Public/Project Finance & Credit Enhancement

• Municipal Finance• Project Finance• Corporate Lending• Credit Enhancement (FSA)

24* Excluding nonrecurring items

This business line covers:

53%Underlying* net income FY 2004: 884 M€

Q1 2005: 238 M€

2004

Geographical origin of the net income*

* Underlying net income in 2004

• Long and short-term

financing to the public sector

• Other financial services to the

public sector

• Project Finance and

Corporate Lending

Dexia NY

• Liquidity facilities

• Project Finance

• Bond portfolio

FSA

• Credit Enhancement – Muni

• Credit Enhancement – ABS

Other (mainly Europe)

16%

FSA28%

America 6%

France + Benelux

50%

Other (mainly Europe)

16%

FSA28%

America 6%

France + Benelux

50%

25

A robust “single-digit” revenue growth

1,7161,793

1,8772,043

634724 790

884

2001 2002 2003 2004

RevenueNet income - Group share

(M €)

26

under EU GAAP under Dexia GAAP

79.3 80.3 82.2 85.5

54.5 65.7 71.480.7

17.421.1

24.126.8

2001 2002 2003 2004

America

Other countries

France + Belgium

Growth of outstandings stems mainly from new markets…

CAGR 2001-2004

+15.5%

+14.0%

+2.6%

+8.5%

(Bn€)Long-Term outstandings

151.2

177.7193.0

167.1

27

58.3 58.6 58.8 60.6

14.1 14.8 16.7 19.26.9 6.9 6.7

5.8

2001 2002 2003 2004

Corporate andProject Finance

Other local players

Local Authorities

… and from “other local players” in historic markets(France & Belgium)

CAGR 2001-2004

+10.8%

+1.3%

(Bn€) +2.6%

- 5.9%

Long-Term outstandings

79.3 82.285.5

80.3

28

103133

165187

87

86

98

95

8

3

5

6

32

38

34

25

2001 2002 2003 2004

International asset-backed obligations

International municipal obligations

U.S. asset-backed obligations

U.S. Muni obligations(Bn US$)

294

CAGR 2001 - 2004

+43.6%

+4.1%

+22.1%

+14.5%+9.4%

217

266

326

FSA’s credit enhancement: a high growth business Net par outstanding

29

CAGR 1999-2004*

ABV: 16.7%BV: 15.8%

$20

$30

$40

$50

$60

$70

$80

$90

$100

$110 post-mergerpre-mergerAdjusted book value

19991994 199719961995 1998 20032000 2001

Book value

* Growth rates include dividends

$ perShare

2002 2004

Adjusted book value (ABV) per share of $110.90 at December 31, 2004 = Book value of $76.76 + after-tax net deferred premium revenue, net of deferred acquisition cost, of $21.25 + PV of future installment premiums and net interest margin of $13.83 – fair-value adjustments for insured credit default swaps of $.94.

Since the merger with Dexia, FSA’s adjusted book value has grown at a high double digit rate

30

Public/Project Finance & Credit EnhancementUnderlying* P&L

(M€)

Full Year 2004**

Q1 2005

Income

2,043 539

Costs

- 693 - 180


1,351 359

Cost of risk

- 30 + 1

Tax expense

- 394 - 113

Other items - 43 - 9


884 238

Cost-income ratio

33.9%

ROEE***

22.8%

* Based on pro forma accounts; excluding nonrecurring items; under EU GAAP (IFRS as endorsed by EU Commission)** Without IAS 32, IAS 39 and IFRS 4*** Return on economic equity = net income – Group share / allocated equity

31

Development largely driven by organic growth

Based on

leading to

High single digit annual growth of Underlying Gross Operating Income*

Public/Project Finance & Credit EnhancementStrategy and outlook

InnovationInnovation

Broadening of client baseBroadening of client base

Geographic expansionGeographic expansion

32* Objective of the 3-year plan 2004-2007 disclosed at Investor Day 11.02.05


22% Underlying* net income FY 2004: 372 M€

Q1 2005: 101 M€

33

• Retail banking• Private banking


2004


Dexia : a key player in asset gathering,mainly in Belgium and Luxembourg

55.8

8.2

6.1

18.0

55.6

2.5

81.2

38.4

Volumes outstanding in Bn€, at 31/03/2005

Life insurance technical reserves

Off-balance sheet products (Mutual funds, direct securities, …)

Balance Sheet products (Deposits, savings bonds, …)

Loans to retail customers

Loans to professionals & SME’s

Loans to private banking customers

119.6

26.7 Retailbanking

Privatebanking

of which

34

An on-going shift from B/S products towards non B/S products in retail customers assets

43 43 44 4556 55 56 57

15

24 24 2631

146

10

1997 1998 1999 2000 2001 2002 2003 2004

Volumes outstanding in Bn€

4953

57 59

82

Dexia Bank alone Dexia Bank + Artesia

Off-balance Sheet products (Mutual funds, Life insurance,…)

Balance Sheet products (Deposits, Savings Bonds, …)

80 79

88

35

12%

35%

Domestic market shares in Belgium (at Dec. 2004)

Savings bonds Savings accounts Mutual funds

Mortgages Consumer loans

Dexia market share: 23.0% 16.2% 19.6%

15.3% 18.3%Dexia market share:

36

Personal Financial ServicesStreamlining the branch network after acquiring Artesia in 2001

543

940

299

868

2001 2002 2003 2004 March 2005

Employee network Independent agents network

1,483

1,167

37

-21%-21%

Number of branches in Belgium

Personal Financial ServicesUnderlying* P&L

38


(M€)

Full Year 2004**

Q1 2005

Income

2,164 547

Costs

- 1,577 - 393


586 154

Cost of risk

- 35 - 9

Tax expense

- 180 - 44

Other items + 1 0


372 101

Cost-income ratio

72.9 %

ROEE***

21.7 %

Personal Financial ServicesStrategy and outlook


! Finalize the integration of Artesia, and the restructuring of the distribution networks in Belgium

! Deploy commercial action in Belgium - increase wallet-share

! Fully exploit the synergies between Retail and Private Banking

leading to

Annual growth of underlying Gross Operating Income in excess of 10%*

Underlying Cost/Income Ratio down from 73% in 2004 to 68% in 2007


11%

Underlying* net income FY 2004: 179 M€

Q1 2005: 58 M€

40

• Asset Management• Fund Services• Insurance

Investment ManagementAnd Insurance Services (IMIS)

2004


32%

38%30%


Insurance

AssetManagementFund

Services

Underlying* Gross operating income FY 2004: 251 M€


Underlying* Gross operating income 2004

41

39.8 43.449.3 53.3

4.0

3.83.7

11.2

14.9

18.418.7

4.1

2002 2003 2004 Q1 2005

Institutional mandates

Private clients discretionarymandates

Mutual funds (ret & instit.)

Dexia Asset Management

55.1

(Bn€)

62.2

Assets by type of management

71.5

42

75.7CAGR

+ 15.1%

167

152

153

202

382

403

Custody Central Administration Transfer Agent

Capital managed at end of period (Bn€)

Net Asset Valuations (x 1000)

March 2004

March 2005

March 2004

309

363

Q12005

March 2005

Q12004

Assets managed end of period (Bn€)

Other*

Mandates to DFS

320354

! Fund services

* Dexia-BIL group only; excludes other units of Dexia


43

1,4732,046

2,606

281

317

397

2002 2003 2004

Non life

Life

! Insurance premiums

(M€)


PPF14 %

IMIS8 %

PFS78 %

3,003

44

of which

2,363

1,754

* *

* As previously published for the first and second business lines and excluding direct business of IMS (previous segmentation)

45

Investment Management and Insurance ServicesUnderlying* P&L

(M€)

Full Year 2004**

Q1 2005

Income 630 168

Costs

- 379 - 98

Gross operating income 251 69

Cost of risk

- 1 0

Tax expense

- 63 - 10

Other items - 9 - 1


179 58

Cost-income ratio 60.1 %

ROEE***

24.7 %


Investment Management and Insurance ServicesStrategy and outlook

! Asset Management! Target strong growth of assets

! Fund Services! Continue to develop Luxembourg and international operations! Keep on improving productiv ity

! Insurance! Develop Life Insurance activities! Pursue the reorganisation of the activ ity

Leading to

Annual growth of underlying Gross Operating Income in excess of 10%*Further improvement of the underlying C/I Ratio


47

Public/Project Finance


Investment Management andInsurance Services

* Excluding FSA (credit enhancement) and Dexia Sofaxis (specialist brokerage)

51% 5%

44%

Underly ing in M€

Insurance Activities* at Group level:Contribution of the Business Lines to the Revenues

Q1 2005 revenues from Insurance: 115 M€

Treasury and Financial Markets


14%

Underlying* net income FY 2004: 231 M€Q1 2005: 82 M€

48

2004

Treasury and Financial MarketsMissions and key figures

! Missions! Long and short-term funding

! Liquidity

! Financial markets desks (Foreign Exchange, Financial Engineering and Derivatives, fixed income…)

! Key figures! L.T. debt issued in 2004: 29 Bn€

! CSP outstanding at 31/12/04: 44 Bn€

! S.T. debt outstanding at 31/12/04: 24 Bn€

! Q1 2005 underlying net income – Group share stems from:! Credit Spread Portfolio: 54 %

! Money Market activities: 24 %

! Financial Derivatives: 11 %

! Other activities (securitization, fixed income, …): 11 %49

Treasury and Financial MarketsUnderlying* P&L

(M€)

Full Year 2004**

Q1 2005

Income

449 138

Costs

- 163 - 42


287 95

Cost of risk

+ 20 + 1

Tax expense

- 73 - 13

Other items - 2 - 1


231 82

Cost-income ratio

36.2 %

ROEE***

25.9 %

50* Based on pro forma accounts; excluding nonrecurring items; under EU GAAP (IFRS as endorsed by EU Commission)** Without IAS 32, IAS 39 and IFRS 4*** Return on economic equity = net income – Group share / allocated equity

! Develop, through permanent innovation, the offer of Market products

to the commercial Business Lines and Group Treasury Functions

! Support the growth of Group’s balance sheet

! Optimize the use of allocated equity by maintaining a cautious

risk/return balance

Leading to

Mid single digit annual growth of Gross Operating Income*

Treasury and Financial Markets Strategy and outlook


Appendices

53

Stock Performance

Stock Performance of Dexia from January 2, 2004

12 €

13 €

14 €

15 €

16 €

17 €

18 €

19 €

2/01

/200

4

16/0

1/20

04

30/0

1/20

04

13/0

2/20

04

27/0

2/20

04

12/0

3/20

04

26/0

3/20

04

9/04

/200

4

23/0

4/20

04

7/05

/200

4

21/0

5/20

04

4/06

/200

4

18/0

6/20

04

2/07

/200

4

16/0

7/20

04

30/0

7/20

04

13/0

8/20

04

27/0

8/20

04

10/0

9/20

04

24/0

9/20

04

8/10

/200

4

22/1

0/20

04

5/11

/200

4

19/1

1/20

04

3/12

/200

4

17/1

2/20

04

31/1

2/20

04

14/0

1/20

05

28/0

1/20

05

11/0

2/20

05

25/0

2/20

05

11/0

3/20

05

25/0

3/20

05

8/04

/200

5

22/0

4/20

05

6/05

/200

5

20/0

5/20

05

average Dexia EuroStoxx Banks EuroStoxx50

2004 2005

27/0

5/20

05

54

Total shareholder return

2,143 2,049 2,013

2,816

3,265

CAC 40 EuroStoxx50 BEL 20 EuroStoxxBanks

Dexia

Value in € at 27/05/2005 of 1,000 € invested*

1,4751,221

1,100908987

CAC 40 EuroStox x50 BEL 20 EuroStox xBanks

Dexia

on November 20, 1996(day before creation of Dexia)

on September 19, 1999(day before merger Dexia France and Dexia Belgium)

* With dividends reinvested, calculated with Dexia share at 17.84 €

55

Dexia ranking in Euroland (market capitalisation)

27/05/2005 (Bn€)1 SANTANDER Central Hispano 57,82 ING Groep 50,03 BNP Paribas 49,74 BBVA 42,65 ALLIANZ DRESDNER 36,46 SOCIETE GENERALE 36,17 ABN AMRO 34,68 DEUTSCHE BANK R 34,09 CREDIT AGRICOLE 30,910 FORTIS 28,611 UNICREDITO ITALIANO 26,012 KBC GROUPE 23,513 INTESA BCI 21,814 NORDEA 21,215 DEXIA 19,516 SAN PAOLO IMI 16,517 BAYERISCHE HYPO & VEREINSBANK 14,918 ALLIED IRISH BANKS 14,619 BANK OF IRELAND 12,120 BCO POPULAR ESPANOL 11,821 BANK AUSTRIA CREDITANSTALT 11,6

56

Main stock indexes including the Dexia stock

$ Euronext 100$ CAC 40$ BEL 20$ Dow-Jones Stoxx & EuroStoxx

$ FTSE Eurotop 100$ FTSEurofirst80$ MSCI $ Next CAC 70

$ Dexia is also included in 4 “Sustainable Growth” indexes: $ DJ Sustainability Index “World”, $ ASPI Eurozone, $ FTSE 4 Good “Europe” and “Global” $ Ethibel Sustainability Index (ESI) “Europe” and “Global”

57

Shareholders’ base at May 11, 2005

9.7%

16.5%

16.2%

6.8%5.0%

0.1%

45.8%

Arcofin

Holding Communal

Groupe CDC (incl. CNP)

Ethias

Staff and Management

Treasury Shares

Others

Total number of shares outstanding: 1,093,374,501(1)

(1) after cancellation of 51,886,865 shares on May 11, 2005(2) Data March 31, 2005

(2)

(2)

(2)

(2)

(2)

58

Credit ratings of main subsidiaries

S&P Moody’s Fitch

Dexia Crédit Local AA Aa2 AA+

Dexia Bank Belgium AA Aa2 AA+

Dexia BIL AA Aa2 AA+

Dexia Municipal Agency AAA Aaa AAA

FSA AAA Aaa AAA

59

New segmentation as from January 1, 2005

Retail

Private Banking

Retail Financial Services becomes


(PFS)

CentralAssets

Treasury and Financial Markets

(TFM)

Investment Management

Services becomes

Investment Management and

Insurance services (IMIS)

Asset Management

Fund Administration

Insurance

Public/Project Finance

CreditEnhancement

Public & ProjectFinance(PPF)

CSP

MM

Others

% FED% Forex% Fixed income% Securitization% Equity Related Services

Share-Leasing (DBNL)

60

New accounting standards: IFRS

& Starting equity base at 01.01.05 increases by 1.9 Bn€ to 12.4 Bn€ at 01/01/05, mainly due to

& GBBR

& Impact of IAS 32 & IAS 39 & IFRS 4

& Use of European Hedge Portfolio (« Carve-out ») allows no radical change in ALM policies and procedures, and should not materially changevolatility of earnings from 2005 onwards

& Some activities will generate some « accounting noise »

' CDS’s at FSA in the P&L

' Some Treasury and Financial Market mostly in the Reserves

& New calculation of Regulatory Capital Ratios lead to tier 1 ratio of 9.6% (at 31/03/05).

61

Economic Capital: a new method implemented in 2005

8.58.78.8

+2.0

+0.6

-2.7

10.6

0.911.5

Basel I « Cooke »

8%

CurrentRegulatory

capital

Total reg. Capital

Basel II Net impact of other risks**

Basel IIPillar 1

(at Dexia IC*)

Basel IIPillar 1

(all Pillar 1 risks

included)

(Bn€)

* IC: 99.97%**Insurance; business; behavioral; diversif ication impact deducted

The amount of economic capital may change from time to time

with continuing refinements of the risk measurement methodology

Economic Capital

!

Economic Capital

Tier One Capital

30/06/04 31/03/05

62

Contacts

Robert BoublilDirector of Investor Relations

Peter de Baere (Brussels)Tel: +32 2 213 57 46Fax: +32 2 213 57 80

[email protected]

Anne Garsoux (Brussels)Tel: +32 2 213 57 49Fax: +32 2 213 57 80

[email protected]

Investor Relations Officers:

Christian Daumann (Paris)Tel: +33 1 43 92 82 54Fax: +33 1 43 92 71 07

[email protected]

Jim Root (Paris)Tel: +33 1 43 92 83 93Fax: +33 1 43 92 71 07

[email protected]

Documents

General Presentation