Schedule of rates and charges for securities transactions

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1 Schedule of rates and charges for securities transactions January 01, 2015 Orders Euronext... 2 Foreign stock exchanges... 3 Eurobonds... 4 KBC Investment Funds... 4 KBC Investment Products issued by KBC Asset Management... 4 Collections Of securities in physical form Of securities held in a KBC Custody Account... 5 Corporate actions Relating to securities in physical form... 6 Relating to securities held in a KBC Custody Account... 6 Services in respect of securities Actions relating to securities in physical form... 7 Converting securities into registered and bearer form converting registered securities into book-entry securities... 7 Creating passes for attending (Extraordinary) General Meetings... 8 Application of double taxation treaties to securities held in a KBC Custody Account... 8 Securities transactions Deposit of securities in a KBC Custody Account... 9 Withdrawal of gold bars and coins held for investment purposes from a KBC Custody Account... 9 Transfer of securities... 9 KBC Custody Account Custody fee for a KBC Custody Account KBC Asset Insurance KBC Investment Service KBC Managed Portfolios This schedule provides an overview of the rates and charges applying to routine securities transactions at KBC Bank NV. If you have any questions, feel free to contact your KBC Bank branch. Or call the KBC Telecenter on on weekdays between 8 a.m. and 10 p.m. and on Saturdays and bank holidays from 9 a.m. until 5 p.m. Alternatively, you can write, fax, e- mail or surf to: KBC Telecenter 35 Schoenmarkt 2000 Antwerp Fax KBC Bank 01 January 2015 pagina 1/12

2 Euronext stock exchange orders 1 (Brussels, Amsterdam, Paris, Lisbon) and Equiduct 1 Products Products Equiduct Shares, warrants (only trading, not exercise), real estate certificates, trackers, bonds, investment funds 2, certificates of foreign securities, rights (all types) Shares Broker s fee Order size Rate on the equivalent value 3 Fixing market/ < euros 0.85% Continuous market > = euros and < euros 0.75% > = euros 0.40% Public auction 1.5% % Euronext public auction fee (only for sales, with a maximum charge of euros) With a minimum charge of 25 euros Exceptions to the minimum charge Allotment rights and subscription rights 15 euros Partial executions First execution Broker s fee (minimum charge applies) From the second execution onwards Only the broker s fee (no minimum charge) Non-listed funds of other financial institutions IPOs Purchases Find out what the rates are at your branch Sales Charges are stated in the prospectus. Stock market tax Standard rate 0.27% of the equivalent value, with a maximum charge of 800 euros Exceptions 4 OTC funds As stipulated by law Belgian certificates representing foreign securities Bonds (OLOs are exempted) 0.09% of the equivalent value, with a maximum charge of 650 euros On issues 0% on new shares; Standard rates apply to existing shares Additional tax on French shares % on purchase Additional tax on Italian shares % on purchase Discounts for stock exchange orders remitted via KBC-Online Discount of 25% on the broker s fee, with a minimum fee of 20 euros. 1 Any foreign taxes levied are paid by the client. ² In this case, investment funds refer to shares (units) in collective investment undertakings. 3 When equivalent value is referred to in this schedule, it is understood to mean: the number of shares or the nominal amount x price + accrued interest. 4 This overview is not exhaustive. Any other foreign taxes are likewise paid by the client. 5 Shares issued by companies whose registered office is in France and whose market capitalisation exceeds 1 billion euros on 1 January of the fiscal year. 6 Shares issued by companies whose registered office is in Italy and whose market capitalisation exceeds 500 million euros. KBC Bank 01 January 2015 pagina 2/12

3 Foreign stock exchange orders 1 Broker s fee Order size Rate on the equivalent value 2 Exchanges abroad < euros 1.20% (Austria, Canada, Czech > = euros and < euros 1.10% Republic, Denmark, > = euros 1.00% Finland, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Norway, Poland, Spain, Sweden, Switzerland, UK, USA) With a minimum charge of Exotic stock exchanges (Australia, Hong Kong, Japan, Malaysia 3, New Zealand, Singapore, South Africa, Thailand³) With a minimum charge of 40 euros Same rate as Exchanges abroad 75 euros Exception No broker s fee, Sale of KBL funds only correspondent charges 4 Non-listed funds of other financial institutions Purchases Find out what the rates are at your branch Sales Partial executions First execution Broker s fee (minimum charge applies) From the second execution onwards Broker s fee (no minimum charge) Stock market tax Shares and rights 0.27% of the equivalent value, with a maximum charge of 800 euros Bonds 0.09% of the equivalent value, with a maximum charge of 650 euros Funds (listed) Varies from fund to fund, with a maximum charge of 1,32% and 2000 euros OTC funds As stipulated by law Statutory foreign taxes 5 Greece 0.20% on sale Hong Kong 0.10% on purchases and sales Ireland 1.00% on purchase France 6 Italy 7 United Kingdom 0.50% on purchase 0.20% on purchase 0.12% on purchase Discount for stock exchange orders remitted via KBC-Online Discount of 25% on the broker s fee, with a minimum fee of 20 euros. 1 Any foreign taxes levied are paid by the client. 2 When equivalent value is referred to in this schedule, it is understood to mean: the number of shares or the nominal amount x price + accrued interest. 3 Only sell orders possible. 4 These are charges levied by the counterparty (correspondent bank or central securities depositary) that are passed on to the customer. 5 This overview is not exhaustive. Any other foreign taxes are likewise paid by the client. 6 Shares and ADRs issued by companies whose registered office is in France and whose market capitalisation exceeds 1 billion euros on 1 January of the fiscal year. 7 Shares issued by companies whose registered office is in Italy and whose market capitalisation exceeds 500 million euros. KBC Bank 01 January 2015 pagina 3/12

4 KBC Bank 01 January 2015 pagina 4/12

5 KBC Investment Funds Charges See fund sheets KBC investment products issued by KBC Asset Management Charges See product sheet Eurobonds Broker s fee Primary market - Secondary market 0.50% of the equivalent value. Discount of 0.25% on the price of the bond for orders with a nominal value euros (or the equivalent value in another currency) for orders where the residual term to maturity of the bond 2 years Stock market tax Primary market - Secondary market 0.09% of the equivalent value, with a maximum charge of 650 euros KBC Bank 01 January 2015 pagina 5/12

6 Collections of securities in physical form KBC securities Securities issued by a Belgian issuer Coupons / dividend Capital at maturity Securities issued by a foreign issuer 1 Coupons / dividend 2 Dividend cheques Capital at maturity 4% % VAT With a minimum charge of With a maximum charge of 4% % VAT With a minimum charge of With a maximum charge of 5 euros incl. 21% VAT euros incl. 21% VAT 7.5 euros incl. 21% VAT euros incl. 21% VAT Collections of securities held in a KBC Custody Account KBC securities Securities issued by a Belgian issuer Coupons / dividend Capital at maturity Securities issued by a foreign issuer 1 Coupons / dividend 2 Capital at maturity 2% % VAT With a minimum charge of With a maximum charge of 2.98 euros incl. 21% VAT euros incl. 21% VAT 1 Including certificates issued by a depositary. 2 + (any) correspondent charges + 21% VAT + (any) issue charges+ 21% VAT Issue charges are charges set by the issuing company. 3 Charges are calculated on the gross coupon in Belgium (gross amount of the coupon abroad less withholding tax). When foreign-currency amounts are converted into euros, either the basic exchange rate on the maturity date minus 1 banking day will be used (if the interest or dividend is being paid on the maturity date) or the basic exchange rate on the maturity date will be used (if the interest or dividend is being paid after the maturity date). KBC Bank 01 January 2015 pagina 6/12

7 Corporate Actions relating to securities in physical form 1 KBC securities Securities issued by a Belgian issuer Date of Corporate Action: - 3 years + 3 years 25 euros 2 Securities issued by a foreign issuer 3 Date of Corporate Action: - 3 years + 3 years 50 euros 2 4 Corporate actions relating to securities kept in a KBC Custody Account All securities kept in a KBC Custody Account 4 1 Transactions involving securities that must be bought or sold (shares, rights, etc.) are subject to standard stock exchange order charges 2 Plus any VAT at 21%, depending on the type of transaction. 3 Including certificates issued by a depositary. 4 + (any) correspondent charges. Plus any VAT at 21%, depending on the type of transaction. + (any) issue charges. Plus any VAT at 21%, depending on the type of transaction. Issue charges are charges set by the issuing company. + (any) statutory charges KBC Bank 01 January 2015 pagina 7/12

8 Actions relating to securities in physical form Cancelling securities Drawing up official report of cancellation 30 euros incl. 21% VAT Compiling list of numbers 0.05 euros per denomination Minimum charge of 30 euros incl. 21% VAT Maximum of 300 euros incl. 21% VAT Searches for non-negotiable bearer securities 60.5 euros per hour, incl. 21% VAT Minimum charge of euros incl. 21% VAT Converting securities 1 into registered form converting registered securities into book-entry securities Registered form 2 Securities issued by a Belgian issuer Securities issued by a foreign Issuer euros incl. 21% VAT euros incl. 21% VAT Converting registered securities into book-entry form 3 Converting registered foreign certificates into bearer securities 50 euros incl. 21% VAT 1 Including certificates issued by a depositary 2 A registered security is a security whose owner's name is recorded in the register kept by the issuing company. 3 These charges are levied per security code KBC Bank 01 January 2015 pagina 8/12

9 Creating passes for attending (Extraordinary) General Meetings For securities held in a KBC Custody Account Application of double taxation treaties 1 to securities held in a KBC Custody Account Annual administrative fee per contract exemption from/reduction in withholding tax 50 euros incl. 21% VAT Exemption from/reduction in tax withheld at source Completion of administrative formalities 2 for recovering tax withheld at source 60 euros incl. 21% VAT + (any) correspondent charges + 21% VAT Per amount recovered 1 These are bilateral treaties concluded between Belgium and a number of different countries in order to avoid or reduce the double taxation of income. 2 Formalities for reclaiming tax on income derived from foreign securities (application of treaties for the avoidance of double taxation). KBC Bank 01 January 2015 pagina 9/12

10 Deposit of securities in a KBC Custody Account KBC securities Securities issued by a Belgian issuer Securities issued by a foreign issuer 1 Registered foreign certificates 50 euros incl. 21% VAT Withdrawal of items from a KBC Custody Account Items 50 euros incl. 21% VAT Transfer of securities 2 Incoming transfer 3 Outgoing transfer3 KBC securities Securities issued by a Belgian issuer Securities issued by a foreign issuer euros incl. 21% VAT euros incl. 21% VAT euros incl. 21% VAT Transfers of securities within the KBC group 1 Including certificates issued by a depositary. 2 These charges are levied per ISIN code 3 Transfer of securities between KBC Bank and an entity outside the KBC group. KBC Bank 01 January 2015 pagina 10/12

11 Custody fee for a KBC Custody Account Standard fee 0.14% incl. 21% VAT Calculated on the total equivalent value in euros of the KBC Custody Account, including gold bars and coins held for investment purposes, excluding exceptions, at the end of the year. The custody fee is charged in January for the current year. Exceptions KBC securities Commercial paper Belgian treasury certificates Strips and rights Minimum 4.84 euros incl. 21% VAT Per security code Registered certificates and securities indicating ownership Handling fees 4.84 euros incl. 21% VAT Per security code 8.47 euros incl. 21% VAT per custody account; not applicable if the account consists only of securities for which no custody fee applies. VAT 21% VAT is not charged on securities included in a KBC Pledged Basket. KBC Bank 01 January 2015 pagina 11/12

12 KBC Asset Insurance Premium 14 euros, incl. charges and taxes Annual fee KBC Premium Banking Life Cover 1 Premium Annual fee Up to 70 years of age Up to 75 years of age Maximum amount covered incl. charges and taxes 2.25 incl. charges and taxes euros per person KBC Investment Service Charges Life Privileged Investment Service euros incl. 21% VAT Annual fee Privileged Investment Service KBC Business Pro Service euros incl. 21% VAT euros incl. 21% VAT Annual fee Annual fee KBC Premium Banking Wealth Management Service KBC Premium Banking Wealth Management Service Select KBC Premium Wealth Management Service 4 Business 363 euros incl. 21% VAT Annual fee 484 euros incl. 21% VAT Annual fee 363 euros incl. 21% VAT Annual fee 1 For Premium Banking clients only KBC Bank 01 January 2015 pagina 12/12

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