UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS. No.:

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1 HANS A. QUAAK, ATTILIO PO and KARL LEIBINGER, on behalf of themselves and those similarly situated, Plaintiffs, v. DEXIA, S.A. and DEXIA BANK BELGIUM (formerly known as ARTESIA BANKING CORP., SA), Defendants. UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS No.: 03-CV (PBS) NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT OF CLASS ACTION WITH DEXIA BANK BELGIUM, SETTLEMENT FAIRNESS HEARING AND MOTION FOR ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES If you purchased the common stock of Lernout & Hauspie Speech Products N.V. ("L&H ") on the NASDAQ Stock Market or purchased L&H call options or sold put options on any United States -based options exchange (all such securities are collectively referred to herein as the "L&H Securities") between August 19, 1998 and November 9, 2000, inclusive (the "Class Period "), you may be eligible to receive a payment from the settlement of this Class Action (the "Action") described below (the "Dexia Settlement"), and you may be a member of the Class that has been certified in the Action (the "Class"). A Federal Court authorized this Notice. This is not a solicitation from a lawyer. The Dexia Settlement provides for the creation of a Settlement Fund of $60,000, ($60 million) to pay claims asserted in the Action on behalf of investors who, between August 19, 1998 and November 9, 2000, inclusive, purchased the common stock of L&H on the NASDAQ Stock Market or purchased L&H call options or sold L&H put options on any United States-based options exchange. The Dexia Settlement resolves claims asserted in the Action by the Plaintiffs (as defined below) against Dexia Bank Belgium ("Dexia ) based upon the alleged conduct of certain of its predecessor entities. Previously and separately, the Lead Plaintiffs have resolved claims asserted in a related action captioned In re Lernout & Hauspie Speech Products Securities Litigation, 00-CV (PBS) ("In re L&H) against KPMG LLP, Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren ("KPMG Belgium ) and Paul Behets (collectively the "KPMG Defendants for $115,000, ($115 million), plus interest (the "KPMG Settlement ). Additionally, the Lead Plaintiffs have resolved claims against certain former directors and officers of L&H (the "Director Defendants ) for $5,270, ($5.27 million) and claims against Flanders Language Valley Fund ('PLV ) for $250, Thus, to date, Lead Plaintiffs have reached settlements in this and related actions amounting to $180,520, ($ million), plus interest. The prior settlements with the KPMG Defendants, the Director Defendants and FLV are currently being administered and, pending Court approval, will soon be available for distribution. For further information concerning the prior settlements, please contact the Claims Administrator or Plaintiffs' Lead Counsel at the telephone numbers or website set forth below. If you have already completed a Proof of Claim and Release Form in connection with the KPMG, Directors or FLV Settlements, you do not have to complete sections 7-18 of the Proof of Claim and Release Form for the Dexia Settlement (information concerning your trading in L&H Securities) to be eligible to share in the proceeds of all settlements reached by the Plaintiffs (collectively, the "Settlements "). To be eligible to share in the proceeds of the Dexia Settlement, however, you must complete sections 6, 19 (United States Citizens ) or 20 (Non- United States Citizens ), 21 and 22 of the Proof of Claim and Release Form for the Dexia Settlement (certain biographical information and a release of Dexia). Because Plaintiffs' claims against Dexia were constrained by the applicable statutes of limitations, the Class Period for the Dexia Settlement is less than four months shorter than the class period applicable to the prior settlements. As a result, persons who bought L&H stock from April 28, 1998 through August 18, 1998 may have valid claims in the KPMG, Directors and FLV Settlements, but will not have valid claims in the Dexia Settlement. Your legal rights are affected whether you do or do not act. Please read this Notice carefully. YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT SUBMIT A CLAIM FORM POSTMARKED NO LATER The only way to get a payment. THAN AUGUST 21, If you exclude yourself from the Class in compliance with the instructions in this Notice, you EXCLUDE YOURSELF FROM THE CLASS SO IT IS will receive no payment from the Dexia Settlement and you will not be bound by the decisions RECEIVED NO LATER THAN JUNE 12, reached in this Action. This is the only option that allows you ever to be part of any other lawsuit against Dexia about the legal claims in this case. OBJECT SO IT IS RECEIVED NO LATER THAN Write to the Court and explain why you object to the Dexia Settlement. JUNE 8, GO TO THE HEARING ON JUNE 22, 2007 AND FILE A NOTICE OF INTENTION TO APPEAR SO IT IS RECEIVED NO LATER THAN JUNE 8, While you are not required under any circumstances to attend the hearing, you may ask to speak in Court about the fairness of the Dexia Settlement by following the procedures outlined herein. If you are a member of the Class (a "Class Member ) and do nothing, you will receive no payment, but you will surrender your right to pursue a lawsuit against DO NOTHING. Dexia and the other Released Parties related to the claims at issue in the Action and ou will otherwise be bound by the decisions reached by the Court in the Action. These rights and options - and the deadlines to exercise them - are explained in this Notice. The Court in charge of this case still has to decide whether to approve the Dexia Settlement. Payments will be made if the Court approves the Settlement, after any appeals are resolved, and after all claims are processed. Please be patient. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 1 of 17

2 1. STATEMENT OF PLAINTIFFS' RECOVERY SUMMARY NOTICE This Notice relates to the proposed settlement of the Action filed by Lead Plaintiffs Hans A. Quaak, Attilio Po, and Karl Leibinger ("Lead Plaintiffs ) and additional named plaintiffs Joseph Pincus Revocable Trust, Rodman Heubach, and John and Eleanor Stickevers (collectively, the "Plaintiffs ), against Dexia. If approved by the Court, the proposed Dexia Settlement described herein will fully resolve all Released Claims, as described below, against Dexia and the other Released Parties. Pursuant to the terms of Dexia Settlement, a fund consisting of $60 million in cash has been established to pay claims of investors who, during the Class Period, purchased the common stock of L&H on the NASDAQ Stock Market or purchased L&H call options or sold L&H put options on any United States-based options exchange. The proceeds of the Dexia Settlement, along with interest accumulated on those proceeds, are referred to herein as the "Gross Settlement Fund. The Net Settlement Fund (the Gross Settlement Fund less Notice and Administration Costs, Attorneys' Fees and Litigation Expenses awarded by the Court to all counsel for the Plaintiffs in the Action ("Plaintiffs' Counsel ), and any compensatory award granted to the Plaintiffs by the Court) will be distributed in accordance with the Plan of Allocation described herein (the "Plan of Allocation ). Lead Plaintiffs' damages expert estimates that approximately 104 million shares traded on the NASDAQ Stock Market may have been damaged during the Class Period as a result of Dexia's allegedly wrongful conduct. The average recovery per damaged share will depend upon a number of variables, including when and for what prices Class Members purchased those securities and the amount of the Recognized Losses (as defined below) suffered by those Class Members who file valid Claim Forms. Assuming that the owners of all affected shares traded on the NASDAQ Stock Market elect to participate, Lead Plaintiffs' damages expert estimates that the average per share recovery from the Gross Settlement Fund will be approximately $0.58 per damaged share before the deduction of any Court-approved attorneys' fees, litigation expenses, Notice and Administration Expenses or compensatory awards to the Plaintiffs. Previously, Class Members that: (a) purchased approximately 21,422,610.3 shares of L&H stock, (b) purchased call options to buy 1,830,400 shares of L&H stock, and (c) sold put options with respect to 2,608,300 shares of L&H stock during the Class Period submitted claims in connection with the KPMG, Directors and FLV Settlements. If Class Members who purchased or sold an equivalent number of shares and options during the Class Period submit valid claims in connection with the Dexia Settlement, the total recovery (including interest) derived from the KPMG, Directors, FLV and Dexia Settlements will amount to more than $7.29 per damaged L&H share or damaged L&H share underlying an eligible option contract with respect to which Class Members have filed valid claims, before the deduction of any Court-approved attorneys' fees, litigation expenses, Notice and Administration Expenses, or compensatory awards to the Plaintiffs. Lead Plaintiffs are also continuing to pursue their claims against Jozef Lernout, Pol Hauspie, Gaston Bastiaens and Nico Willaert (the "Non- Settling Defendants) in the In re L&H action. For more about those claims, see Section 27 below. H. REASONS FOR THE DEXIA SETTLEMENT The Dexia Settlement resolves claims asserted by the Lead Plaintiffs against Dexia and certain other Released Parties who are affiliated with Dexia. Lead Plaintiffs have alleged that Dexia's predecessor, Artesia Banking Corporation ("Artesia Banking ) violated the federal securities laws by participating in a fraudulent scheme to inflate artificially the price of L&H Securities and by issuing false and misleading analyst reports regarding L&H's financial results during the Class Period. The Dexia Settlement, however, should not be construed as an admission of wrongdoing by Dexia. Notwithstanding the Dexia Settlement, Dexia continues to deny any liability in this Action. This Action has been the subject of significant litigation efforts, negotiations and mediation efforts undertaken with the assistance of a professional mediator. Based upon the course of the litigation, and those negotiation and mediation efforts, Lead Plaintiffs and their lead counsel ("Lead Counsel ) concluded that the terms of the Dexia Settlement represent a fair and adequate resolution of Class Members' claims against Dexia. Plaintiffs and Dexia disagree as to the probable outcome of the Action with respect to liability and damages. While Plaintiffs were prepared to proceed to trial against Dexia, and Lead Plaintiffs and Lead Counsel were confident in the merits of their case, they recognize that a trial is a risky proposition and that the Class may not have prevailed on all or any of its claims. Dexia was prepared to defend its predecessors' conduct at trial and asserted numerous defenses that could potentially have disposed of Plaintiffs' claims. Among other defenses, Dexia asserted that: (a) Plaintiffs' claims were untimely and barred by the applicable statutes of limitations; (b) it could not be liable because it did not make any actionable fraudulent statements during the Class Period; (c) Plaintiffs could not establish that any Class Member relied upon any statement made or action taken by Dexia during the Class Period; (d) Dexia did not cause any loss allegedly suffered by Plaintiffs and the members of the Class; and (e) the Class could not properly be certified for a variety of reasons, including Plaintiffs' inability to establish the reliance and loss causation elements of their claims on a class-wide basis. Plaintiffs also recognized that, even if they were successful at trial, there could be no assurance that: any Judgment entered against Dexia would exceed the amount of the Gross Settlement Fund; Plaintiffs would succeed in having that Judgment affirmed on appeal; or that Plaintiffs would succeed in collecting an amount in excess of the Gross Settlement Fund from Dexia, which itself has no UnitedStates operations and is headquartered in Belgium. In assessing the likely outcome of this litigation, Plaintiffs weighed the fact that class actions are not permitted in Belgium. As a result, Plaintiffs and Lead Counsel recognized that there was some risk that any judgment entered against Dexia would not be enforceable in Belgium, where most of Dexia's assets are located. Furthermore, Plaintiffs and Lead Counsel considered the fact that the federal securities laws provide a defendant with the right to a determination of its proportionate share of any judgment entered against it in a securities fraud action, unless the plaintiffs prove that the defendant acted in a knowing manner. In light of the numerous other parties against whom Lead Plaintiffs have pursued securities fraud claims, Plaintiffs and Lead Counsel recognized that it was possible that a jury could determine that Dexia was responsible for only a relatively small share of the losses suffered by Class Members. Plaintiffs and Lead Counsel also considered the fact that the rules concerning the assessment of damages against defendants in actions involving the alleged misconduct of numerous persons and entities are uncertain and subject to debate. During the course of their negotiations and mediation with Dexia, it became apparent to Plaintiffs and Lead Counsel that the parties advocated widely divergent views regarding these damages and "loss causation rules. While Plaintiffs and Lead Counsel were confident in the merits of their views, they recognized that there could be no assurance that the views advocated by Plaintiffs would be adopted by the trial or appellate courts. In light of the foregoing factors, the amount of the Dexia Settlement, and the immediacy of recovery to the Class, Lead Plaintiffs and Lead Counsel believe that the proposed Dexia Settlement is fair, reasonable and adequate, and in the best interests of the Class. Lead Plaintiffs and Lead Counsel believe that the Dexia Settlement provides a substantial benefit to the Class, particularly when that benefit is considered in light of the risks Plaintiffs faced in prosecuting Class Members' claims. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 2 of 17

3 III. STATEMENT OF POTENTIAL OUTCOMES OF CASE The parties disagree on both liability and damages and do not agree on the average amount of damages per share, per call option or per put option that would be recoverable if Lead Plaintiffs were to have prevailed on each claim alleged against Dexia. Dexia denies that it is liable to Lead Plaintiffs or the Class and denies that Lead Plaintiffs or the Class have suffered any damages caused by Dexia. The issues about which the Parties disagree include, for example: (i) the appropriate economic model for determining the amount by which L&H Securities were artificially inflated (if at all) during the Class Period; (ii) the amount by which L&H Securities were artificially inflated (if at all) during the Class Period; (iii) the effect of various market forces that influenced the trading prices of L&H Securities at different times during the Class Period; (iv) the extent to which external factors, such as general market and industry conditions, influenced the trading prices of L&H Securities at various times during the Class Period; (v) the extent to which the alleged misrepresentations and omissions influenced (if at all) the trading prices of L&H Securities at various times during the Class Period; (vi) whether the statements made or facts allegedly omitted were material or otherwise actionable under the federal securities laws; (vii) whether Dexia's conduct amounted to a violation of the federal securities laws; (viii) whether Dexia could be found liable for misrepresentations and omissions communicated to the market by other persons and entities; and (ix) whether Dexia's predecessors acted with the state of mind necessary to attribute any or substantial damages to Dexia. IV. STATEMENT OF ATTORNEYS' FEES AND EXPENSES AND COMPENSATORY AWARDS SOUGHT Lead Counsel intend to apply for an award of attorneys' fees on behalf of all Plaintiffs' Counsel not to exceed twenty-five percent (25%) of the Gross Settlement Fund. In addition, Lead Counsel intend to apply for reimbursement of litigation expenses paid and incurred in connection with the prosecution and resolution of the claims against the Settling Defendants in an amount not to exceed $1,300, Plaintiffs will also ask the Court to approve the claims administration expenses incurred to process Class Members' claims. If the Court approves Lead Counsel's fee and expense application, the average cost per share of L&H stock purchased during the Class Period will be approximately $0.16 (assuming Lead Counsel request a 25% fee). Plaintiffs' Counsel have expended considerable time and effort in prosecuting this Action on a contingent fee basis, and have advanced the substantial expenses of the Action with the expectation that, if they were successful in obtaining a recovery for the Class, they would be paid a fair fee and the reasonable expenses advanced by them from that recovery. The maximum fee that Lead Counsel will request on behalf of Plaintiffs' Counsel falls within the range of the percentage fees typically awarded in securities class action litigation. Because the Plaintiffs have also expended considerable efforts on behalf of the Class, Plaintiffs will also request that the Court approve compensatory awards to the seven Plaintiffs in a total amount of no more than $150, V. IDENTIFICATION OF ATTORNEYS' REPRESENTATIVES FOR INQUIRIES REGARDING SETTLEMENT Any questions regarding the Dexia Settlement should be directed to the following Lead Counsel: Patrick T. Egan, Esq., Berman DeValerio Pease Tabacco Burt & Pucillo, One Liberty Square, Boston, MA 02109, (800) , ; or Patrick L. Rocco, Esq., Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, NY 10018, (212) , WHAT THIS NOTICE CONTAINS A. BASIC INFORMATION WHY DID I GET THIS NOTICE PACKAGE? WHAT IS THIS LAWSUIT ABOUT? WHY IS THIS A CLASS ACTION? WHY IS THERE A SETTLEMENT? WHY HAS DEXIA AGREED TO THE SETTLEMENT? WHAT LED UP TO THE SETTLEMENT? WHAT ARE THE REASONS PLAINTIFFS AGREED TO THE SETTLEMENT?... 5 B. WHO IS A MEMBER OF THE CLASS AND A POTENTIAL CLAIMANT IN THE DEXIA SETTLEMENT? HOW DO I KNOW IF I AMA MEMBER OF THE CLASS AND ENTITLED TO APART OF THE SETTLEMENT FUND? ARE THERE EXCEPTIONS TO BEING INCLUDED? WHAT SHOULD I DO IF I AM STILL NOT SURE IF I AM INCLUDED?... 6 C. THE SETTLEMENT BENEFITS - WHAT YOU GET WHAT DOES THE SETTLEMENT PROVIDE? HOW MUCH WILL MY PAYMENT BE?... 6 D. HOW YOU GET A PAYMENT - SUBMITTING A CLAIM FORM HOW CAN I GET A PAYMENT? WHEN WILL I GET MY PAYMENT? WHAT AM I GIVING UP TO GET A PAYMENT OR STAY IN THE CLASS?... 7 E. EXCLUDING YOURSELF FROM THE CLASS AND THE SETTLEMENT 16. HOW DO I GET OUT OF THE SETTLEMENT? IF I DO NOT EXCLUDE MYSELF, CAN I SUE DEXIA FOR THE SAME THING LATER? IF I EXCLUDE MYSELF, CAN I GET MONEY FROM THIS SETTLEMENT?...7 F. THE LAWYERS REPRESENTING YOU DO I HAVE A LAWYER IN THIS CASE? HOW WILL THE LAWYERS BE PAID?...7 G. OBJECTING TO THE SETTLEMENT HOW DO I TELL THE COURT THAT I OBJECT TO THE SETTLEMENT? WHAT IS THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF FROM THE CLASS?...8 H. THE COURT ' S FAIRNESS HEARING WHEN AND WHERE WILL THE COURT DECIDE WHETHER TO APPROVE THE SETTLEMENT?... 8 QUESTIONS? CALL (866) OR (414 ) OR VISIT OR WRITE TO : LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 3 of 17

4 24. DO I HAVE TO COME TO THE HEARING? MAY I SPEAK AT THE HEARING? IF YOU DO NOTHING WHAT HAPPENS IF I DO NOTHING AT ALL?... 8 J. CONTINUING LITIGATION AGAINST THE NON-SETTLING DEFENDANTS WILL I RECEIVE NOTICE OF THE OUTCOME OF THE CLAIMS AGAINST THE NON-SETTLING DEFENDANTS?...8 K. GETTING MORE INFORMATION IS ADDITIONAL INFORMATION CONCERNING THE SETTLEMENT AVAILABLE TO ME? HOW DO I GET MORE INFORMATION?...9 L. PLAN OF ALLOCATION OF NET SETTLEMENT FUND AMONG CLASS MEMBERS... 9 M. SPECIAL NOTICE TO SECURITIES BROKERS AND OTHER NOMINEES A. BASIC INFORMATION 1. WHY DID I GET THIS NOTICE PACKAGE? You or someone in your family may have purchased the common stock of L&H on the NASDAQ Stock Market or purchased L&H call options or sold L&H put options on any United States -based options exchange between August 19, 1998 and November 9, 2000, inclusive. The Court ordered that this Notice be sent to you because, as a potential Class Member, you have a right to know about the proposed Dexia Settlement and your options before the Court decides whether to approve the Dexia Settlement or you become bound by the decisions reached in the Action. If the Court approves the Dexia Settlement, after objections and appeals are resolved, a claims administrator appointed by the Court will process the payments that the Dexia Settlement allows. The Court in charge of the case is the United States District Court for the District of Massachusetts, and the case is known as Quaak, et al. v. Dexia, S.A., et al., Civil Action No.: 03-CV (PBS). The people that filed this lawsuit are the Plaintiffs, and Dexia is the Defendant. 2. WHAT IS THIS LAWSUIT ABOUT? L&H was a Belgium-based speech recognition software manufacturer. During the Fall of 2000, L&H announced that, as a result of past accounting "errors and irregularities, the Company had overstated its publicly reported revenues by 64%, or a total of $377,000, ($377 million). On November 29, 2000, L&H filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. Beginning on August 9, 2000, sixteen class actions were filed in or transferred to the United States District Court for the District of Massachusetts. The plaintiffs in those actions alleged that the defendants violated the federal securities laws by engaging in accounting fraud at L&H. These actions were consolidated by Orders dated February 26, 2001 and September 10, 2001, under the caption In re Lernout & Hauspie Securities Litigation. By its Order dated February 26, 2001, the Court appointed Hans A. Quaak, Attilio Po and Karl Leibinger as the Lead Plaintiffs for the Class in In re L&H and approved the Lead Plaintiffs' selection of counsel, appointing Berman DeValerio Pease Tabacco Burt & Pucillo; Shalov Stone Bonner & Rocco LLP; and Cauley Bowman Carney & Williams, PLLC as Lead Counsel in In re L&H. The Lead Plaintiffs and Lead Counsel undertook massive formal and informal discovery efforts in connection with the In re L&H action. In August 2003, based on recently reported news and evidence uncovered in the course of Lead Counsel's investigation of Class Members' claims, Plaintiffs filed this Action against Dexia's parent, Dexia, S.A. In their initial complaint, the Lead Plaintiffs alleged that Dexia, S.A. was liable for alleged violations of the federal securities laws committed by its predecessor, Artesia Banking. Plaintiffs later named Dexia, the corporate successor to Artesia Banking, as a defendant in this Action and agreed to voluntarily dismiss Dexia, S.A. as a defendant. In their Fourth Amended Class Action Complaint, dated November 2, 2006 (the "Complaint ), Plaintiffs allege that, between August 19, 1998 and November 9, 2000, Artesia Banking and its subsidiary, Artesia Securities, S.A., directly participated in a fraudulent scheme designed to inflate artificially L&H's financial results and stock price and issued certain materially false and misleading representations in analyst reports concerning L&H, all in violation of Sections 10(b), 20(a) and 20A of the Securities Exchange Act of 1934 (the "Exchange Act ) and Rule I Ob-5 promulgated thereunder. Specifically, Plaintiffs allege that Artesia Banking violated the federal securities laws by, among other things, providing and concealing loans to purportedly "unaffiliated L&H customers that were secretly guaranteed by L&H's officers and by issuing fraudulent analyst reports in the name of Artesia Securities that positively reported on L&H's operations and financial performance without disclosing Artesia Banking's role in inflating L&H's reported financial results. Plaintiffs further allege that, while engaging in this scheme, Artesia Banking sold shares of L&H common stock without disclosing its fraudulent scheme in violation of Sections 10(b) and 20A of the Exchange Act and Rule lob-5. Plaintiffs further alleged that they and other Class Members purchased L&H Securities during the Class Period at prices artificially inflated as a result of the fraudulent scheme Plaintiffs alleged and by the false statements and omissions identified in the Complaint. By orders dated February 9, 2005 and August 8, 2006, the Court denied Dexia's motions to dismiss the Second and Third Amended complaints, respectively. Dexia's motion to dismiss the insider trading claim asserted in the Fourth Amended Complaint was pending at the time the parties reached this Settlement. Plaintiffs' motion to certify the Class was also pending at that time. 3. WHY IS THIS A CLASS ACTION? Class actions allow many similar claims to be brought together in a single lawsuit so that each individual plaintiff will not have to incur the often prohibitive expenses of bringing a separate suit. In a class action, one or more people called "Class Representatives sue on behalf of people who have similar claims. All these people are a "Class or "Class Members. One court resolves the issues for all Class Members, except for those who exclude themselves from the Class. This case was assigned to United States District Judge Patti B. Saris. The Court recently certified the Action to proceed as a class action on behalf of all Class Members. 4. WHY IS THERE A SETTLEMENT? There has been no trial in the Action and the Court did not decide in favor of the Plaintiffs or Dexia. Rather than proceeding to trial, Plaintiffs and Dexia agreed to the proposed Dexia Settlement. That way, they avoid the risks and cost of a trial, and the people affected will get compensation. The Lead Plaintiffs and their attorneys think the Dexia Settlement is best for all Class Members. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 4 of 17

5 Before agreeing to the Dexia Settlement, Lead Counsel closely analyzed the claims asserted against Dexia, the law applicable to those claims, and Dexia's potential defenses. To assist them in assessing the value of Class Members' claims, Plaintiffs and Lead Counsel also consulted with and provided Dexia with reports prepared by experts on forensic accounting, damages and loss causation, and international banking. In addition, before agreeing to the Dexia Settlement, Lead Counsel conducted an extensive investigation and discovery into the events and transactions underlying the claims alleged in the Complaint. This investigation included interviews with several former L&H employees who were familiar with the subject matter of the claims, and a review of L&H's filings with the United States Securities and Exchange Commission ("SEC ), press releases and other publicly disseminated statements. Lead Counsel also reviewed over 750,000 pages of documents produced by the defendants and third-parties in the In re L&H action, including documents that L&H and the KPMG Defendants provided to the SEC in connection with the SEC's investigation into L&H, as well as transcripts of testimony taken by the SEC, including testimony of certain employees and partners of KPMG LLP. Lead Counsel also obtained an order from the United States Bankruptcy Court for the District of Delaware permitting Plaintiffs to review over 4.5 million pages of L&H documents located in Belgium and Massachusetts. One of the Lead Plaintiffs also filed a civil party appearance with the office of the Belgian Investigating Magistrate, the office conducting a Belgian criminal investigation into the fraud at L&H. Through this access, Lead Counsel have been able to review approximately 150,000 documents and witness statements in Belgium, which include documents seized by the Belgian criminal authorities. In addition, Plaintiffs have reviewed over 160,000 pages of documents produced by Dexia in this Action. All told, Plaintiffs' Counsel have reviewed over 5 million pages of documents, served over 70 third-party subpoenas and have taken and defended numerous depositions, including 17 depositions of Dexia officers, directors and managing agents. Many of those documents were in foreign languages, and Lead Counsel arranged to have numerous documents that were relevant to Plaintiffs' claims reviewed by multi-lingual attorneys and translated into English so that they could be utilized in prosecuting Plaintiffs' claims against Dexia. The decision made by Plaintiffs and Lead Counsel to enter the Dexia Settlement was also informed by the arguments raised by the parties in connection with the numerous motions filed during the course of this Action, including the three motions to dismiss referenced above, two motions filed by Dexia seeking appellate review of certain issues resolved in connection with Dexia's motions to dismiss, twelve motions to compel additional discovery, and the class certification motion. The Court and the Court of Appeals for the First Circuit (the "First Circuit ) initially granted Dexia permission to prosecute an appeal concerning certain issues that Dexia argued would dispose of Plaintiffs' claims. Plaintiffs eventually succeeded, however, in convincing the First Circuit to "remand that appeal to the trial court without prejudice, thereby effectively preventing Dexia from raising appellate issues until after a trial or the First Circuit permitted an appeal from any decision certifying the Class in this Action. Nevertheless, the arguments raised by Dexia in connection with the appeal, and the Court's initial decision to certify certain questions for appeal to the First Circuit, further demonstrated the risks presented by the legal defenses presented by Dexia. 5. WHY HAS DEXIA AGREED TO THE SETTLEMENT? At all times, Dexia has denied that it did anything wrong and has argued that, even if Plaintiffs were to prevail on their theory of liability, Dexia did not cause any of the losses suffered by Class Members. The Dexia Settlement is not evidence of, an admission of, or a concession of any fault or liability whatsoever on the part of Dexia or any of its predecessor banks or employees, or any infirmity in any defenses it would have asserted or intended to assert in the Action. Taking into account the uncertainty and risks inherent in any litigation, however, Dexia determined that it was desirable, and in its best interests, that the claims against it be dismissed on the terms set forth in the Stipulation of Settlement governing this Action (the "Dexia Stipulation ) so that Dexia could avoid further risks and uncertainties of litigation and significant defense costs. 6. WHAT LED UP TO THE SETTLEMENT? The Action was commenced in August of As noted above, Lead Plaintiffs and Lead Counsel have undertaken substantial efforts to prosecute the Class's claims since that time. In particular, the Dexia Settlement was preceded by extensive discovery and motion practice and arm's-length negotiations among Lead Counsel and counsel for Dexia. Lead Counsel participated in face-to-face and telephonic meetings with counsel for Dexia concerning the possibility of resolving this Action, including preliminary settlement discussions that were abandoned while the parties engaged in extensive litigation efforts and a full-day session with the assistance of a professional mediator that ultimately resulted in the Dexia Settlement. Following the conclusion of the parties' mediation efforts, the terms of the Dexia Settlement were set forth in the Dexia Stipulation. 7. WHAT ARE THE REASONS PLAINTIFFS AGREED TO THE SETTLEMENT? Plaintiffs and Lead Counsel believe that the claims asserted against Dexia have merit. They recognize, however, the significant risks and expense associated with the potentially lengthy proceedings necessary to pursue their claims against Dexia through trial and appeals. Plaintiffs and Lead Counsel have taken into account the issues discussed above in Section II of this Notice. In assessing the merits of the Dexia Settlement, Lead Plaintiffs and Lead Counsel also considered the risks presented by the defenses asserted by Dexia and the possibility that Dexia would prevail at trial. Among other defenses, Plaintiffs expected Dexia to argue that the Class's claims should be dismissed in connection with a summary judgment motion, at trial, or on appeal because: (i) Plaintiffs' claims were untimely; (ii) Dexia did not engage in a scheme to defraud L&H investors; (iii) it did not make any material misrepresentations or omissions; (iv) it did not act knowingly or recklessly in engaging in the purported fraudulent scheme alleged by Plaintiffs; (v) it did not control Artesia Securities or exercise control over the publication of the allegedly false analyst reports concerning L&H issued in Artesia Securities' name; (vi) Artesia Securities did not knowingly or recklessly make the misrepresentations or omissions Plaintiffs alleged; and (vii) Dexia's predecessors did not cause any damages suffered by the members of the Class. Plaintiffs and Lead Counsel also expected Dexia to argue that, even if Dexia were found liable for the claims asserted by Plaintiffs, Dexia bore only a small percentage of the fault for the losses suffered by the members of the Class. In addition, Plaintiffs and Lead Counsel considered the risks inherent in presenting a complex case such as this one to a jury, particularly where a number of parties are alleged to have engaged in fraudulent conduct. Plaintiffs and Lead Counsel also assessed the implications of the fact that Dexia is currently part of a judicial inquiry conducted by an investigating magistrate in Belgium related to L&H. In light of these factors, and based on the substantial efforts of Lead Counsel detailed in response to Question 4 above, Lead Counsel, who have substantial experience in securities class action litigation, believe that the Dexia Settlement represents a fair compromise of Class Members' claims. Plaintiffs and Lead Counsel believe that a recovery now will provide an immediate benefit to Class Members and that the amount of that benefit is reasonable in light of the substantial risks inherent in further pursuit of this litigation. Considering these factors and balancing them against the certain and substantial benefits that the Class will receive as a result of the Dexia Settlement, Plaintiffs and Lead Counsel determined that the Dexia Settlement described herein is fair, reasonable and adequate and that it is in the best interests of the Class to settle the claims against Dexia on the terms set forth in the Dexia Stipulation and this Notice. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 5 of 17

6 I I B. WHO IS A MEMBER OF THE CLASS AND A POTENTIAL CLAIMANT IN THE DEXIA SETTLEMENT? To see if you are a Class Member or whether you will get money from the Dexia Settlement, you first have to determine if you are a Class Member. 8. HOW DO I KNOW IF I AM A MEMBER OF THE CLASS AND ENTITLED TO A PART OF THE SETTLEMENT FUND? The Class certified by the Court and covered by the Dexia Settlement consists of all persons and entities that purchased the common stock of L&H on the NASDAQ Stock Market or purchased L&H call options or sold L&H put options on any United States-based options exchange between August 19, 1998 and November 9, 2000, inclusive (the "Class Period ). 9. ARE THERE EXCEPTIONS TO BEING INCLUDED? Yes. The following people and entities are excluded from the Class: (i) the KPMG Defendants, any partners or principals of KPMG LLP or KPMG Belgium, members of their immediate families and their legal representatives, heirs, successors or assigns, any predecessors or successors of KPMG LLP or KPMG Belgium and any entity in which any of the above persons or entities have or had a controlling interest; (ii) KPMG International and all KPMG International member firms; (iii) immediate family members of Paul Behets and his legal representatives, heirs, successors or assigns; (iv) L&H and any predecessors or successors of L&H; (v) the officers and directors of L&H, the members of their immediate families and their legal representatives, heirs, successors or assigns and any entity in which any of the above persons or entities have or had a controlling interest; (vi) the Transactional Plaintiffs, Rocker Plaintiffs, and Trustee Plaintiffs, as defined in the Stipulation; and (vii) Dexia, its affiliates, parents, subsidiaries, predecessors (including, but not limited to, Artesia Banking Corporation, S.A., Artesia Securities, S.A., Banque Paribas Belgium and Bacob Bank C.V.), successors and assigns and any current or former partners, principals, directors or officers of Dexia. Also excluded from the Class are any putative Class Members who exclude themselves by filing a request for exclusion in accordance with the requirements set forth in this Notice. RECEIPT OF THIS NOTICE DOES NOT NECESSARILY MEAN THAT YOU ARE A CLASS MEMBER OR ARE ENTITLED TO RECEIVE PROCEEDS FROM THE DEXIA SETTLEMENT. IF YOU WISH TO PARTICIPATE IN THE DEXIA SETTLEMENT, YOU MUST SUBMIT THE ENCLOSED CLAIM FORM POSTMARKED NO LATER THAN AUGUST 21, (Please refer to Paragraph 13 below for further information about submitting a Claim Form). 10. WHAT SHOULD I DO IF I AM STILL NOT SURE IF I AM INCLUDED? If you are still not sure whether you are included, you can ask for free help. You can call toll-free (866) to request additional information, obtain the information available at or call Lead Counsel at the numbers specified in Section V above. You can also elect to fill out and return the Claim Form described in Question 13 to see if you qualify. If you did not receive a copy of the Claim Form with this Notice, you can obtain a copy of the Claim Form from the Claims Administrator, at or from Lead Counsel. C. THE SETTLEMENT BENEFITS - WHAT YOU GET 11. WHAT DOES THE SETTLEMENT PROVIDE? Dexia has agreed to pay the Class $60 million to settle the claims asserted by the Plaintiffs. That Gross Settlement Fund, which includes interest on Dexia's payment, will be distributed to the members of the Class who submit valid Claim Forms in connection with the Dexia Settlement after all Court-approved attorneys' fees, notice and administration expenses, taxes and compensatory awards to the Plaintiffs are deducted from the Gross Settlement Fund. 12. HOW MUCH WILL MY PAYMENT BE? Your share of the fund will depend on the number of valid Claim Forms that Class Members submit, how many shares of L&H stock and/or call options you bought or put options you sold, and when you bought and sold them. The proposed Plan of Allocation is set forth at the end of this Notice. By following the instructions in the proposed Plan of Allocation located at the end of this Notice, you can calculate your "Recognized Claim. After all Class Members have submitted their Claim Forms, the payment you get will reflect your pro rata Recognized Claim in relation to the total of everyone's Recognized Claims. See the instructions in the proposed Plan of Allocation for more information concerning your Recognized Claim. D. HOW YOU GET A PAYMENT - SUBMITTING A CLAIM FORM 13. HOW CAN I GET A PAYMENT? If you purchased the common stock of L&H on the NASDAQ Stock Market or purchased L&H call options or sold L&H put options on any United States-based options exchange between August 19, 1998 and November 9, 2000, inclusive, then you must send in a Claim Form in connection with the Dexia Settlement to qualify for payment. If you have already submitted a Proof of Claim and Release form that was accepted in connection with the KPMG, Directors or FLV Settlements, you need only complete Sections 6, 19 (United States Citizens) or 20 (Non -United States Citizens ), 21 and 22 of the Proof of Claim and Release Form for the Dexia Settlement to be eligible to collect your share of the Dexia Settlement. A Proof of Claim and Release Form for the Dexia Settlement is being circulated with this Notice. You may also obtain a Proof of Claim and Release Form for the Dexia Settlement (the "Claim Form ) on the Internet at ww.lernouthauspiesettlement.com or by contacting the Claims Administrator or Lead Counsel. Please read the instructions set forth in the Proof of Claim and Release Form for the Dexia Settlement carefully. You may not be eligible for any payment from the Gross Settlement Fund if you complete the Proof of Claim and Release Form for the Dexia Settlement improperly or if you fail to submit all documents the form requires, sign the form and mail it to the Claims Administrator postmarked no later than August 21, WHEN WILL I GET MY PAYMENT? The Court will hold a hearing on June 22, 2007 to decide whether to approve the Dexia Settlement. If the Court approves the Dexia Settlement, there may be appeals. It is always uncertain whether these appeals can be resolved, and resolving them can take time, perhaps more than a year. It will also take time to process the Claim Forms submitted by all Class Members. Please be patient. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 6 of 17

7 I I I 15. WHAT AM I GIVING UP TO GET A PAYMENT OR STAY IN THE CLASS? Unless you exclude yourself, you will remain a Class Member. If the Dexia Settlement is approved, all Class Members who do not exclude themselves from the Class will release all "Released Claims (as defined below) against the "Released Parties (as defined below). "Released Claims means all claims (including "Unknown Claims, as defined in California Civil Code Section 1542), demands, rights, liabilities, and causes of action of every nature and description whatsoever, known or unknown, whether or not concealed or hidden, wherever asserted or that could be or could have been asserted, including, without limitation, claims for negligent misrepresentation, fraud, aiding and abetting, violations of any state, federal or foreign law, statutes, rules or regulations of or by the members of the Class as against the Released Parties, arising out of or relating to Class Members' purchases of L&H common stock on the NASDAQ Stock Market during the Class Period or purchases of call options to acquire L&H common stock or sales of put options related to L&H common stock on any United States-based options exchange during the Class Period, except claims relating to the enforcement of this Settlement. "Released Parties means: Dexia, its predecessors (including, but not limited to, Artesia Banking Corporation, S.A., Artesia Securities, S.A., Banque Paribas Belgium and Bacob Bank C.V.), successors and assigns and past or present related entities or corporations (including, but not limited to, Dexia, S.A. and its subsidiaries or affiliates) as well as each of their current or former partners, principals, directors, officers, employees, attorneys, successors, agents, insurers, co-insurers and reinsurers. It is understood that no named defendant in the L&H Action constitutes a Released Party within the meaning of this Settlement. If you remain a Class Member, all of the Court's orders will apply to you and legally bind you. E. EXCLUDING YOURSELF FROM THE SETTLEMENT If you do not want to be a member of the Class and do not want a payment from the Dexia Settlement, but you want to keep the right to sue or to continue to sue Dexia on your own at your own expense, then you must exclude yourself from the Class. This is sometimes referred to as "opting out of the Class. If you want to be excluded from the Class, you must submit a request for exclusion. If you request exclusion from the Class and do not revoke that request for exclusion: (i) you will not be entitled to share in the benefits of any judgment favorable to the Class; (ii) you will not receive any payment from the Dexia Settlement; and (iii) you will not be bound by any judgment or decision by the Court unfavorable to the Class. 16. HOW DO I GET OUT OF THE SETTLEMENT? To exclude yourself from the Dexia Settlement, you must send a letter by mail stating that you "request exclusion from the Class in Quaalc et al. v. Dexia, S.A., et al., Civil Action No.: 03-CV (PBS). Persons requesting exclusion are also requested to provide the date(s), price(s), and number(s) of shares, call options, or put options they purchased or sold during the Class Period. In addition, be sure to include your name, address, telephone number, and your signature. Your exclusion request must be mailed to the following address received no later than June 12, 2007: LERNOUT & HAUSPIE SECURITIES LITIGATION THE DEXIA SETTLEMENT CLASS EXCLUSIONS C/O A.B. DATA, LTD. P.O. BOX MILWAUKEE, WI You cannot exclude yourself by phone, fax, or by . If you ask to be excluded, you will not get any payment from the Dexia Settlement, and you cannot object to the Dexia Settlement. You will not give up any rights to sue Dexia and you may be able to sue (or continue to sue) Dexia in the future for the claims involved in this lawsuit. 17. IF I DO NOT EXCLUDE MYSELF, CAN I SUE DEXIA FOR THE SAME THING LATER? No. If you are a Class Member, unless you exclude yourself from the Class, you give up any rights to sue the Released Parties, including Dexia, for any Released Claim. If you have a pending lawsuit raising any of the Released Claims or any other claims against any of the Released Parties, speak to your lawyer in that case immediately. You must exclude yourself from this Class to continue to pursue any Released Claim against Dexia or any other Released Party. Again, the exclusion deadline is June 12, No. 18. IF I EXCLUDE MYSELF, CAN I GET MONEY FROM THIS SETTLEMENT? If you exclude yourself from the Class, do not send in a Claim Form to ask for any money. F. THE LAWYERS REPRESENTING YOU 19. DO I HAVE A LAWYER IN THIS CASE? The Court ordered that the law firms of Berman DeValerio Pease Tabacco Burt & Pucillo in Boston, Massachusetts; Shalov Stone Bonner & Rocco LLP in New York, New York; and Cauley Bowman Carney & Williams, PLLC in Little Rock, Arkansas represent you and other Class Members. These lawyers are called Lead Counsel. If you prefer to be represented by your own lawyer, you may hire one at your own expense. 20. HOW WILL THE LAWYERS BE PAID? Lead Counsel will move the Court to award attorneys' fees not to exceed twenty-five percent (25%) of the Gross Settlement Fund and for reimbursement of expenses advanced by counsel of no greater than $1,300, ($1.3 million), plus interest. The requested fees and expenses would amount to an average of $0.16 per damaged share of L&H stock traded on the NASDAQ during the Class Period. Lead Counsel have expended considerable time and effort in the prosecution of this litigation on a contingent fee basis and have advanced the substantial expenses associated with the Action with the expectation that, if they were successful in obtaining a recovery for the Class, they would be paid a fair fee and the reasonable expenses advanced by them from that recovery. The maximum fee that Lead Counsel will request on behalf of Plaintiffs' Counsel falls within the range of the percentage fees typically awarded in securities class action litigation. G. OBJECTING TO THE SETTLEMENT You can tell the Court that you object to the Dexia Settlement or some aspect of the Dexia Settlement. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 7 of 17

8 1 I 21. HOW DO I TELL THE COURT THAT I OBJECT TO THE SETTLEMENT? If you are a Class Member, you can object to the Dexia Settlement if you do not approve of any aspect of the Dexia Settlement. You can give reasons why you think the Court should not approve the Dexia Settlement. To object, you must send a letter saying that you object to the Dexia Settlement in Quaalc et al. v. Dexia, S.A., et al., Civil Action No.: 03-CV (PBS). Be sure to include your name, address, telephone number, signature and the reasons you object to the Dexia Settlement. Mail the objection to these three different places so that it is received no later than June 8, 2007: CLERK'S OFFICE PLAINTIFFS' LEAD COUNSEL COUNSEL FOR DEXIA Clerk of Court Patrick T. Egan, Esq. UNITED STATES DISTRICT COURT FOR THE BERMAN DEVALERIO PEASE DISTRICT OF MASSACHUSETTS TABACCO BURT & PUCILLO John Joseph Moakley United States Courthouse One Liberty Square 1 Courthouse Way, Suite 2300 Boston, MA Boston, MA Jeff E. Butler, Esq. CLIFFORD CHANCE US LLP 31 West 52nd Street New York, NY WHAT IS THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF FROM THE CLASS? Objecting is simply telling the Court that you disapprove of some aspect of the Dexia Settlement. You can object only if you stay in the Class. Excluding yourself is telling the Court that you do not want to be part of the Class. If you exclude yourself, you have no basis to object because the case no longer affects you. H. THE COURT'S FAIRNESS HEARING The Court will hold a hearing to decide whether to approve the Dexia Settlement. You may attend and you may ask to speak. Even if you elect to object to the Dexia Settlement, you have no obligation to appear at the Fairness Hearing. 23. WHEN AND WHERE WILL THE COURT DECIDE WHETHER TO APPROVE THE SETTLEMENT? The Court will hold a Fairness Hearing at 2:00 p.m. on June 22, 2007, in Courtroom 19 at the United States District Court for the District of Massachusetts, John Joseph Moakley United States Courthouse, 1 Courthouse Way, Boston, Massachusetts At this hearing, the Court will consider whether the Dexia Settlement is fair, reasonable, and adequate. If there are objections, the Court will consider them. The Court will listen to people who have asked to speak at the hearing. At or after the hearing, the Court will decide whether to approve the Dexia Settlement and how much to pay Plaintiffs' Counsel. We do not know how long these decisions will take. 24. DO I HAVE TO COME TO THE HEARING? No. Lead Counsel will answer questions the Court may have. You are welcome to come at your own expense. If you submit a written objection, you do not have to attend the Fairness Hearing to address your concerns. As long as you mailed your written objection on time, the Court will consider it. You may also pay your own lawyer to attend, but it is not necessary to do so. 25. MAY I SPEAK AT THE HEARING? You may ask the Court for permission to speak at the Fairness Hearing. To do so, you must send a "Notice of Intention to Appear at the Dexia Fairness Hearing in Quaalc et al. v. Dexia, S.A., et al., Civil Action No.: 03-CV (PBS). Be sure to include your name, address, telephone number, and your signature on that document. Your Notice of Intention to Appear must be received no later than June 8, 2007 by the Clerk of the Court, Lead Counsel and Counsel for Dexia at the three addresses set forth in the response to Question 21. You cannot speak at the hearing if you exclude yourself from the Class. Persons who intend to object to the Dexia Settlement, the application of Lead Counsel for an award of attorneys' fees and expenses, or the proposed compensatory awards to the Plaintiffs and who desire to present evidence at the Fairness Hearing must include in their written objections the identity of witnesses they may call to testify and must provide copies of the exhibits they intend to introduce into evidence at the Fairness Hearing. 1. IF YOU DO NOTHING 26. WHAT HAPPENS IF I DO NOTHING AT ALL? Ifyou do nothing, you will get no money from the Dexia Settlement If you are a Class Member, however, unless you exclude yourself, you will not be able to start a lawsuit, continue with a lawsuit or be part of any other lawsuit against the Released Parties, including Dexia, regarding the Released Claims in this Action. In addition, unless you exclude yourself from the Class, you will be bound by all decisions reached by the Court with respect to the Released Claims. J. CONTINUING LITIGATION AGAINST THE NON-SETTLING DEFENDANTS 27. WILL I RECEIVE NOTICE OF THE OUTCOME OF THE CLAIMS AGAINST THE NON-SETTLING DEFENDANTS? The Lead Plaintiffs continue to pursue claims against the Non-Settling Defendants, L&H's former principal executive officers. At this time, Lead Counsel do not believe that the Non-Settling Defendants possess assets that are material in comparison to the losses suffered by Class Members or the recoveries obtained by Class to date in this Action and the In re L&H litigation. Nevertheless, it is possible that the Lead Plaintiffs may reach a settlement with some or all of the Non-Settling Defendants prior to trial (a "Potential Settlement ). Plaintiffs do not anticipate, however, that any Potential Settlement will produce proceeds that would justify mailing further notice to the Class regarding the recovery obtained in connection with the Potential Settlement. To avoid the high costs of providing mailed notice of any Potential Settlement, Lead Plaintiffs intend to request that the Court permit the Lead Plaintiffs to provide notice of any Potential Settlement through: (a) the issuance of a press release; (b) posting a notice concerning the Potential Settlement on the websites of Berman DeValerio Pease Tabacco Burt & Pucillo ( and Shalov Stone Bonner & Rocco LLP ( and (c) posting a notice concerning the Potential Settlement on the website You can also obtain an update concerning the status of the Lead Plaintiffs' claims against the Non-Settling Defendants by contacting Lead Counsel at the addresses and telephone numbers set forth in the next section. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 8 of 17

9 1 I K GETTING MORE INFORMATION 28. IS ADDITIONAL INFORMATION CONCERNING THE SETTLEMENT AVAILABLE TO ME? This Notice summarizes the proposed Dexia Settlement. More details are set forth in the Dexia Stipulation. You can get a copy of the Dexia Stipulation by contacting: Patrick T. Egan, Esq., Berman DeValerio Pease Tabacco Burt & Pucillo, One Liberty Square, Boston, MA 02109, (800) ; or Patrick L. Rocco, Esq., Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, NY 10018,(212) HOW DO I GET MORE INFORMATION? You can obtain additional information concerning the Dexia Settlement by: calling (866) toll-free; writing to Lernout & Hauspie Securities Litigation Settlement, The Dexia Settlement, c/o A.B. Data, Ltd., P.O. Box , Milwaukee, WI 53217; or visiting the website at where you will fmd additional information that may help you determine whether you are a Class Member and whether you are eligible for a payment. You can also call Lead Counsel at the numbers listed in the response to Question 28. L. PLAN OF ALLOCATION OF NET SETTLEMENT FUND AMONG CLASS MEMBERS The $60 million that Dexia has agreed to pay to the members of the Class and the interest earned thereon are the Gross Settlement Fund. The Gross Settlement Fund, less all taxes, Court-approved costs, fees and expenses (the "Net Settlement Fund ) shall be distributed to Class Members who submit valid Claim Forms in connection with the Dexia Settlement ("Authorized Claimants ) (see the note on Page 1 of this Notice concerning the Claim Forms for the Dexia Settlement). The Claims Administrator shall determine each Authorized Claimant's pro rata share of the Net Settlement Fund based upon each Authorized Claimant's "Recognized Claim. The Recognized Claim formula, which is based on each Authorized Claimant's "Recognized Losses and "Market Profits or Losses is not intended to be an estimate of the amount that a Class Member might have been able to recover after a trial, nor is it an estimate of the amount that will be paid to Authorized Claimants pursuant to the Dexia Settlement. The Recognized Claim formula is the basis upon which the Net Settlement Fund will be proportionately allocated to the Authorized Claimants. For the purpose of calculating Recognized Claims, only Recognized Losses greater than zero will be counted. Sections IA through 3D below explain the calculations for Recognized Losses. The Loss Amounts for both stock and options are calculated on a split adjusted basis. CLASS PLAINTIFFS - COMMON STOCK PURCHASERS (NASDAQ) IA. For shares of common stock purchased between August 19, 1998 and August 7, 2000, inclusive: (1) And sold prior to August 8, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between August 8, 2000 and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- ' (1) (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $ B. For shares of common stock purchased on August 8, 2000: (1) And sold on August 8, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between August 9, 2000 and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $ C. For shares of common stock purchased between August 9, 2000 and August 24, 2000, inclusive: (1) And sold prior to August 25, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between August 25, 2000 and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- ' Trading in L&H shares was halted on November 9, 2000 and resumed December 8, Pursuant to Section 21(D)(e)(1) of the Private Securities Litigation Reform Act of 1995, "... in any private action arising under this title in which the plaintiff seeks to establish damages by reference to the market price of a security, the award of damages to the plaintiff shall not exceed the difference between the purchase or sale price paid or received, as appropriate, by the plaintiff for the subject security and the mean trading price of that security during the 90 -day period beginning on the date on which the information correcting the misstatement or omission that is the basis for the action is disseminated." $ 1.98 was the mean closing price of L&H common stock during the 90-day period beginning on November 9, 2000 and ending on February 7, QUESTIONS? CALL (866) OR (414 ) OR VISIT OR WRITE TO : LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 9 of 17

10 (ii) The purchase price per share less $ D. For shares of common stock purchased between August 25, 2000 and September 18, 2000, inclusive: (1) And sold prior to September 19, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between September 19, 2000 and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $ E. For shares of common stock purchased on September 19, 20 or 21, 2000: (1) And sold on the same day as purchased, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between the day after the date of purchase and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $1.98. IF. For shares of common stock purchased between September 22, 2000 and October 17, 2000, inclusive: (1) And sold prior to October 18, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between October 18, 2000 and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $ G. For shares of common stock purchased on October 18, 2000: (1) And sold on October 18, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between October 19, 2000 and November 8, 2000, the Recognized Loss shall be the lesser of- (i) The Loss Amount on the date of purchase less the Loss Amount on the date of sale as set forth in Table A, and (3) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (4) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $ H. For shares of common stock purchased between October 19, 2000 and November 8, 2000, inclusive: (1) And sold prior to December 8, 2000, the Recognized Loss shall be zero because the shares were not held over a corrective disclosure; (2) And sold between December 8, 2000 and February 7, 2001, the Recognized Loss shall be the lesser of- (3) And still held as of the close of trading on February 7, 2001, the Recognized Loss shall be the lesser of- (ii) The purchase price per share less $1.98. CLASS PLAINTIFFS - CALL OPTION PURCHASERS ON UNITED STATES- BASED OPTIONS EXCHANGES 2A. For call option contracts3 purchased between August 19, 1998 and August 7, 2000, inclusive, that expired prior to August 8, 2000, there shall be no Recognized Loss because the option contract expired prior to a corrective disclosure. 2B. For call option contracts purchased between August 19, 1998 and August 7, 2000, inclusive, that had an expiration date on or after August 8, 2000, and that were sold or exercised prior to August 8, 2000, the Recognized Loss shall be zero because the option contract was not held over a corrective disclosure. 3 Option contracts represent 100 common shares per contract. OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 10 of 17

11 I 2C. For call option contracts purchased between August 19, 1998 and November 8, 2000, inclusive, that had an expiration date on or after August 8, 2000, and that were sold, exercised or expired between August 8, 2000 and November 8, 2000, inclusive, the Recognized Loss shall be the lesser of: (i) the Loss Amount on date of purchase less the Loss Amount on the date of sale, exercise or expiration as set forth in Table B4; and (ii) the purchase price less the sale price (or stock price less exercise price on the date of exercise/expiration if exercised or expired). 2D. For call option contracts purchased between August 19, 1998 and December 8, 2000, inclusive, that had an expiration date on or after August 8, 2000, and that were still held as of the close of business on November 8, 2000, the Recognized Loss shall be the lesser of: (i) the Loss Amount on date of purchase as set forth in Table B; and (ii) the purchase price. CLASS PLAINTIFFS - PUT OPTION SELLERS ON UNITED STATES-BASED OPTIONS EXCHANGES 3A. For put option contracts5 sold between August 19, 1998 and August 7, 2000, inclusive, that expired prior to August 8, 2000, there shall be no Recognized Loss because the option contract expired prior to a corrective disclosure. 3B. For put option contracts sold between August 19, 1998 and August 7, 2000, inclusive, that had an expiration date on or after August 8, 2000, and that were closed out by an offsetting purchase or assigned prior to August 8, 2000, the Recognized Loss shall be zero because the option contract was not held over a corrective disclosure. 3C. For put option contracts sold between August 19, 1998 and November 8, 2000, inclusive, that had an expiration date on or after August 8, 2000, and that were closed out by an offsetting purchase, assignment or expiration between August 8, 2000 and November 8, 2000, inclusive, the Recognized Loss shall be the lesser of: (i) the Loss Amount on date of sale less the Loss Amount on the date of purchase, assignment or expiration as set forth in Table C6; and (ii) the offsetting purchase price (or exercise price less stock price on the date of assignment/expiration if assigned or expired) less the sale price. 3D. For put option contracts sold between August 19, 1998 and November 8, 2000, inclusive, that had an expiration date on or after August 8, 2000 and that were still open as of the close of business on November 8, 2000, inclusive, the Recognized Loss shall be the lesser of (i) the Loss Amount on date of sale as set forth in Table C; and (ii) the exercise price less $1.98 less the sale price. FURTHER FACTORS USED IN CALCULATING CLAIM PAYMENTS FOR RECOGNIZED LOSSES IN L&H STOCK AND/OR OPTIONS In addition to the calculation of Recognized Losses, the total "Market Profits and Losses by a Class Member will be calculated as the difference between the proceeds derived by a Class Member from transactions in L&H Securities during the Class Period from the funds expended by the Class Member in transactions involving L&H Securities during the Class Period. To the extent a Class Member realized a net profit on the total of all of the Class Member's transactions in L&H Securities during the Class Period, the Class Member shall have no Recognized Claim. Proceeds from the sale of call options or purchases of put options to offset original contracts must be included in the calculation of total Market Profits and Losses. In the event a Class Member has more than one purchase or sale of L&H common stock or options, all purchases and sales within the Class Period shall be matched on a First In, First Out ("FIFO ) basis. Thus, pre-class Period holdings are ignored for purposes of calculating Recognized Claims. Any person or entity who sold L&H common stock "short shall have no Recognized Claim with respect to any purchase during the Class Period to cover such short sale. A purchase or sale of L&H common stock or an L&H option contract shall be deemed to have occurred on the "contract or "trade date as opposed to the "settlement or "payment date. The receipt or grant by gift, devise or operation of law of L&H Securities during the Class Period shall not be deemed a purchase or sale of L&H Securities for the calculation of an Authorized Claimant's Recognized Claim nor shall it be deemed an assignment of any claim relating to the purchase of such securities unless specifically provided in the instrument of gift or assignment. Each Authorized Claimant shall be allocated a pro rata share of the Net Settlement Fund based on his, her or its Recognized Claim as compared to the total Recognized Claims of all Authorized Claimants. Class Members who do not submit valid Claim Forms will not share in proceeds of the Settlement. Class Members who do not either submit a request for exclusion or submit a valid Claim Form will nevertheless be bound by the Dexia Settlement and the Order and Final Judgment of the Court dismissing this Action against Dexia, unless they submit a request to be excluded from the Class. Checks will be distributed to Authorized Claimants after all claims have been processed, after the Court has approved the administrative determinations accepting and rejecting the claims submitted, and after the Court has finally approved the Dexia Settlement. If any funds remain in the Net Settlement Fund by reason of uncashed checks or otherwise, then, after the Claims Administrator has made reasonable and diligent efforts to have Class Members who are entitled to participate in the distribution of the Net Settlement Fund cash their distribution checks, any balance remaining in the Net Settlement Fund one (1) year after the initial distribution of such funds shall be re-distributed, after payment of any unpaid costs or fees incurred in administering the Net Settlement Fund for such re-distribution, to Class Members who have cashed their checks and who would receive at least $10.00 from such a re-distribution. If, six months after such a re-distribution, any funds remain in the Net Settlement Fund, then such balance shall be contributed to a non-sectarian, not-for-profit, 501(c)(3) organization(s) designated by Lead Counsel. M. SPECIAL NOTICE TO SECURITIES BROKERS AND OTHER NOMINEES If you purchased L&H common stock on the NASDAQ Stock Market or purchased L&H call options or sold L&H put options on any United Statesbased options exchange during the Class Period for the beneficial interest of a person or organization other than yourself, you are directed to send a copy of this Notice and the Claim Form to the beneficial owner of these securities postmarked no later than seven (7) days from the date you first receive this Notice, or to provide the names and addresses of such persons no later than seven (7) days from the date you first receive this Notice to Lemout & Hauspie Securities Litigation Settlement, The Dexia Settlement, c/o A.B. Data, Ltd., P.O. Box , Milwaukee, WI 53217, in which case the beneficial owner Table B reflects the Loss Amount per common share and must be multiplied by 100 to calculate the Loss Amount per option contract. ' Option contracts represent 100 common shares per contract. 6 Table C reflects the Loss Amount per common share and must be multiplied by 100 to calculate the Loss Amount per option contract OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 11 of 17

12 I will be sent a copy of the Notice. If you provided this list to the Claims Administrator in connection with the KPMG, Director or FLV Settlements, you need not provide this list again. If you previously mailed the Notice concerning the KPMG, Director or FLV Settlements to Class Members yourself, you must also send this Notice to those persons. Upon full compliance with these directions, such nominees may seek reimbursement of the reasonable expenses they actually incurred in complying with their obligations by providing the Claims Administrator with proper documentation supporting the expenses for which reimbursement is sought Copies of this Notice and the Claim Form may also be obtained from the Claims Administrator's website, or by calling (866) or (414) DO NOT CALL OR WRITE THE COURT OR THE OFFICE OF THE CLERK OF THE COURT REGARDING THIS NOTICE. d : April 23, 2007 By Order of the Clerk of the Court United States District Court for the District of Massachusetts Stock Price Loss Amount 8/19/ /20/ /21/ /24/ /25/ /26/ /27/ /28/ /31/ /1/ /2/ /3/ /4/ /8/ /9/ /10/ /11/ /14/ /15/ /16/ /17/ /18/ /21/ /22/ /23/ /24/ /25/ /28/ /29/ /30/ /1/ /2/ /5/ /6/ /7/ /8/ /9/ /12/ /13/ /14/ /15/ /16/ /19/ /20/ /21/ /22/ /23/ /26/ /27/ /28/ /29/ /30/ /2/ /3/ /4/ /5/ /6/ TABLE A: LOSS AMOUNTS ON LERNOUT & HAUSPIE COMMON STOCK Stock Loss Price Amount 11/9/ /10/ /11/ /12/ /13/ /16/ /17/ /18/ /19/ /20/ /23/ /24/ /25/ /27/ /30/ /1/ /2/ /3/ /4/ /7/ /8/ /9/ /10/ /11/ /14/ /15/ /16/ /17/ /18/ /21/ /22/ /23/ /24/ /28/ /29/ /30/ /31/ /4/ /5/ /6/ /7/ /8/ /11/ /12/ /13/ /14/ /15/ /19/ /20/ /21/ /22/ /25/ /26/ /27/ /28/ /29/ /1/ /2/ /3/ Stock Loss Price Amount 2/4/ /5/ /8/ /9/ /10/ /11/ /12/ /16/ /17/ /18/ /19/ /22/ /23/ /24/ /25/ /26/ /1/ /2/ /3/ /4/ /5/ /8/ /9/ /10/ /11/ /12/ /15/ /16/ /17/ /18/ /19/ /22/ /23/ /24/ /25/ /26/ /29/ /30/ /31/ /1/ /5/ /6/ /7/ /8/ /9/ /12/ /13/ /14/ /15/ /16/ /19/ /20/ /21/ /22/ /23/ /26/ /27/ /28/ /29/ Stock Loss Price Amount 4/30/ /3/ /4/ /5/ /6/ /7/ /10/ /11/ /12/ /13/ /14/ /17/ /18/ /19/ /20/ /21/ /24/ /25/ /26/ /27/ /28/ /1/ /2/ /3/ /4/ /7/ /8/ /9/ /10/ /11/ /14/ /15/ /16/ /17/ /18/ /21/ /22/ /23/ /24/ /25/ /28/ /29/ /30/ /1/ /2/ /6/ /7/ /8/ /9/ /12/ /13/ /14/ /15/ /16/ /19/ /20/ /21/ /22/ /23/ OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, W Page 12 of 17

13 Stock Price Loss Amount 7/26/ /27/ /28/ /29/ /30/ /2/ /3/ /4/ /5/ /6/ /9/ /10/ /11/ /12/ /13/ /16/ /17/ /18/ /19/ /20/ /23/ /24/ /25/ /26/ /27/ /30/ /31/ /1/ /2/ /3/ /7/ /8/ /9/ /10/ /13/ /14/ /15/ /16/ /17/ /20/ /21/ /22/ /23/ /24/ /27/ /28/ /29/ /30/ /1/ /4/ /5/ /6/ /7/ /8/ /11/ /12/ /13/ /14/ /15/ /18/ /19/ /20/ /21/ /22/ /25/ /26/ /27/ /28/ /29/ /1/ /2/ /3/ Stock Loss Price Amount 11/4/ /5/ /8/ /9/ /10/ /11/ /12/ /15/ /16/ /17/ /18/ /19/ /22/ /23/ /24/ /26/ /29/ /30/ /1/ /2/ /3/ /6/ /7/ /8/ /9/ /10/ /13/ /14/ /15/ /16/ /17/ /20/ /21/ /22/ /23/ /27/ /28/ /29/ /30/ /31/ /3/ /4/ /5/ /6/ /7/ /10/ /11/ /12/ /13/ /14/ /18/ /19/ /20/ /21/ /24/ /25/ /26/ /27/ /28/ /31/ /1/ /2/ /3/ /4/ /7/ /8/ /9/ /10/ /11/ /14/ /15/ /16/ Stock Loss Price Amount 2/17/ /18/ /22/ /23/ /24/ /25/ /28/ /29/ /1/ /2/ /3/ /6/ /7/ /8/ /9/ /10/ /13/ /14/ /15/ /16/ /17/ /20/ /21/ /22/ /23/ /24/ /27/ /28/ /29/ /30/ /31/ /3/ /4/ /5/ /6/ /7/ /10/ /11/ /12/ /13/ /14/ /17/ /18/ /19/ /20/ /24/ /25/ /26/ /27/ /28/ /1/ /2/ /3/ /4/ /5/ /8/ /9/ /10/ /11/ /12/ /15/ /16/ /17/ /18/ /19/ /22/ /23/ /24/ /25/ /26/ /30/ /31/ Stock Price Loss Amount 6/1/ /2/ /5/ /6/ /7/ /8/ /9/ /12/ /13/ /14/ /15/ /16/ /19/ /20/ /21/ /22/ /23/ /26/ /27/ /28/ /29/ /30/ /3/ /5/ /6/ /7/ /10/ /11/ /12/ /13/ /14/ /17/ /18/ /19/ /20/ /21/ /24/ /25/ /26/ /27/ /28/ /31/ /1/ /2/ /3/ /4/ /7/ /8/ /9/ /10/ /11/ /14/ /15/ /16/ /17/ /18/ /21/ /22/ /23/ /24/ /25/ /28/ /29/ /30/ /31/ /1/ /5/ /6/ /7/ /8/ /11/ /12/ OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 13 of 17

14 Stock Price Loss Amount 9/13/ /14/ /15/ /18/ /19/ /20/ /21/ /22/ /25/ /26/ /27/ /28/ Stock Price Loss Amount 9/29/ /2/ /3/ /4/ /5/ /6/ /9/ /10/ /11/ /12/ /13/ /16/ Stock Price Loss Amount 10/17/ /18 / /19 / /20 / /23 / /24/ /25/ /26/ /27/ /30 / /31 / /1/ Stock Loss Price Amount 11/2/ /3/ /6/ /7/ /8/ /8/ TABLE B: LOSS AMOUNTS ON LERNOUT & HAUSPIE CALL OPTIONS Transaction Period Expiration Exercise 8/19/ /8/ /9/ /25/2000 9/19/2000 9/20/2000 9/21/2000 9/22/ /18 / /19/2000 Price 8/7/ /8/2000 8/24/2000 9/18/2000 9/19/2000 9/20/2000 9/21/ /17/ /18 / /8/ / 19 / /19/ /19/ /19/ /19/ /19/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /16/ /16/ /16/ /16/ OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 14 of 17

15 , 1 12/16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /16/ /16/ /16/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /18/ /18/ /18/ /18/ /18/ QUESTIONS? CALL (866) OR (414 ) OR VISIT OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 15 of 17

16 1/18/ /18/ TABLE C: LOSS AMOUNTS ON LERNOUT & HAUSPIE PUT OPTIONS Transaction Period Expiration Exercise 8/19/ /8/ /9/ /25/2000 9/19/2000 9/20/2000 9/21/2000 9/22/ /18 / /19/2000 Price 8/7/ /8/ /24/2000 9/18/2000 9/19/2000 9/20/2000 9/21/ /17/ /18 / /8/2000 8/19/ /19/ /19/ /19/ /19/ /19/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /21/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ /16/ OR WRITE TO: LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 16 of 17

17 12/16/ /16/ /16/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /20/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /17/ /16/ /16/ /16/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /19/ /18/ /18/ /18/ /18/ /18/ /18/ /18/ QUESTIONS? CALL (866) OR (414) OR VISIT OR WRITE TO : LERNOUT AND HAUSPIE SECURITIES LITIGATION, THE DEXIA SETTLEMENT, C/O A.B. DATA, LTD., P.O. BOX , MILWAUKEE, WI Page 17 of 17