Transform Tomorrow - Aegon

Aegon to cancel all preferred shares• Agreement with Vereniging Aegon to cancel all preferred shares►►►Simplified capital structure and improved quality of capitalHigh-quality capital base under new European regulatory solvency requirementsVereniging Aegon to substantially reduce its debt• All preferred shares (book value of EUR 2.1 billion) to be exchanged at fair value of EUR 1.1 billion►Vereniging Aegon to receive EUR 400 million from Aegon in cash and the equivalent of EUR 655 millionin common shares in addition to a total of EUR 83 million of dividends on the preferred shares• Vereniging Aegon agreed to give up its economic preferential status• Impact on EPS limited to 3% as increase in number of common shares by 7% is partly offsetby ending preferred dividend paymentsBalanced outcome for all stakeholders16