BELGIAN

39, avenue des Arts, 4th floor
B1040 BRUSSELS

Belgium

Phone: 3225490750
Fax: 3225490751
E-Mail: fbcbkf@hotmail.com

The Fund is dissolve to leave January 1st, 2010 (law of December 21st, 2009 carrying fiscal and various dispositions , Moniteur belge /Official newspaper December 31st, 2009). The Managing director is indicated liquidator. Liquidation is enclosed on July 1st, 2010 and the federal State of Belgium takes back tasks, missions, rights and obligations of the Fund at that time.

Presentation

The Belgian Congolese Redemption and Management FUND is an autonomous organisation created by the Convention of February 6, 1965 between the Kingdom of BELGIUM and the Democratic Republic of CONGO (ex ZAIRE) under international law.

In particular, the Fund is in charge of the issue, redemption and management of his 3,5 per cent Loan between 1965-2005. Securities are offered for free and voluntary subscription to the holders of some specific ancient Belgian Congo bonds. Bonds of the same Loan are also issued on behalf of the Kingdom of Belgium to be handed over to individuals to settle up damage claims originated from the independence of the Belgian Congo. In addition, the Fund has statutory competency to accept any other mission that might be trusted by the signatory countries.

At the end of its 42nd year, the Fund has paid off 99.10% of bonds originally issued.

The unified loan 1965-2005 having come to an end on 1st July 2005, the refund began from that date onwards. In all, almost 93% of the amount still outstanding was repaid.

Director-General manager : Philippe REUL

A booklet explaining the origin and the essential of the activity of the Fund during the last 30 years has been published at the occasion of the fund 30th anniversary. This publication is also available on request free of any charge.

Annuals Reports

Exercice 2008-2009

ASSETS	LIABILITIES
Public debt of the former Belgian Congo and Convention of May 12, 1977,…. : 70.506.086€15	United debt 3,5 p.c. 1965-2005 : 33.212.382€76 Refinanced loan : 40.000.000€
Furnishing and office equipment : 323.705€61 minus writing-off : 323.705€58	Provisions for the payment of loan interest : 53.979€33
Realisable : 121.889€34	Sundry creditors : 1.871.814€70
Available : 4.520.201€28

GRAND TOTAL : 75.148.176€80	GRAND TOTAL : 75.148.176€80

CONTINGENT ACCOUNTS

Sums placed for account of third parties : 5.711.961€83

GENERAL ACCOUNT OF RECEIPTS AND EXPENDITURES 2008-2009 (€)

EXPENDITURES	RECEIPTS
General expenses of management : 923.890€99	Received and indebted endowments of the Kingdom of Belgium : 0€
Writing-off for materials, furnishing and office equipment : 695€99	Credit interest on short-term and current account assets : 214.648€40
Art 27 of the statute : 204.800€
Loan administration expenses : 1.940€122	Reduction of the provision for the payment of loan interest and bank commissions : 216.108€59
Loan interest (refinanced loan) : 1.285.100€00	Balance of the financial year assigned to the amortisation of the public debt of the former Belgian Congo and to the redemption of the commitment in capital of the Kingdom of Belgium : 1.985.670€11
GRAND TOTAL : 2.416.427€10	GRAND TOTAL : 2.416.427€10

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Last revision on 2010/01/01