Dexia Crédit Local - EMTN G2017-02 TRANCHE 8 La

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Dexia Crédit Local - EMTN G2017-02 TRANCHE 8

La Défense, 31 March 2017

Dexia Credit Local decided to issue on 3 April 2017 - EUR 113,600,000 - Floating Rate Notes due March 2019 guaranteed by the States of Belgium, France and Luxembourg to be assimilated to the EUR 100,000,000 issued on 7 March 2017, to the EUR 45,000,000 issued on 9 March 2017, to the EUR 150,000,000 issued on 13 March 2017, to the EUR 100,000,000 issued on 15 March 2017, to the EUR 50,000,000 issued on 17 March 2017, to the EUR 90,000,000 issued on 21 March 2017 and to the EUR 25,000,000 issued on 30 March 2017.

The Information Memorandum dated 5 July 2016 relating to the Guaranteed Euro Medium Term Notes Programme benefitting from an unconditional and irrevocable first demand guarantee by the States of Belgium, France and Luxembourg and the supplements to the Information Memorandum dated 19 August 2016, 17 November 2016, 5 January 2017 and 23 February 2017, approved by the Luxembourg Stock Exchange are available on the website of the Luxembourg Stock Exchange ( www.bourse.lu ), at the registered office of the issuer: Tour Dexia La Défense 2 - 1, Passerelle des Reflets - TSA 92 202 - 92919 La Défense Cedex, France, and at the office of the Paying Agent.

The Pricing Supplement relating to the issue will be available on the website of the Luxembourg Stock Exchange (www.bourse.lu), at the office of the issuer: Tour Dexia La Défense 2 - 1, Passerelle des Reflets - TSA 92 202 - 92919 La Défense Cedex, France, and at the office of the Paying Agent.

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