The dematerialization of securities in Belgium

"Dematerialized securities" are securities deposited in a securities account in the name of the owner and which can not be obtained in physical form..

The purpose of dematerialization of securities is to eliminate the circulation of "paper" securities and thus to reduce fraud: to avoid inheritance tax, money laundering, ....

Legally, a holder of bearer shares is legally the owner thereof and must not prove their origin. Dematerialization will make it mandatory to deposit these securities in a registered securities account with a bank. Hence the impossibility of ousting the payment of death duties.

In Belgium, the law on the abolition of bearer securities was published in the Moniteur Belge on 23 December 2005. It will have different effects spreading from January 1, 2008 but are only affected bearer securities under Belgian law, ie issued by Belgian companies. For foreign securities, please consult your bank.

For detailed information on this law, consult your bank.

FOR ALL YOUR PAPER SHARES, PAPER OBLIGATIONS, IF YOUR BANK SAYS THAT THEY DO NOT VALUE MORE THAN,

CONSULT-US!

In any case, do not destroy them or leave them with your bank for destruction. For all securities that are not listed on the stock exchange, banks have only minimal knowledge of what is still valid or not.

Finally, if your titles are worthless, they may interest us collectors. Do not hesitate to contact us to request an evaluation of these.

The dematerialization of securities in Belgium

Belgian Association for Scripophily N.P.O.

Account :

Association Belge de Scriptophilie A.S.B.L.

Compte bancaire :