KBC Ancora reduces interest charges by EUR 0.6 million on an annual basis. On an existing loan of EUR 100 million, which runs until May 2027, KBC Ancora has reduced its interest charges by EUR 0.6 million on an annual basis. Over the total term of this loan, the reduction in interest charges amounts to EUR 4.2 million. In this context 10 million additional KBC Group shares have been pledged. The interest rate for the existing (bullet) loan of EUR 100 million, which runs until May 2027, has been revised downwards with effect as of the end of May 2020. This transaction will reduce KBC Ancora’s interest charges by EUR 0.65 million for the current financial year. In subsequent years, the reduction in the interest charges amounts to EUR 0.6 million on an annual basis. Over the total term of this loan, the reduction in interest charges amounts to EUR 4.2 million.