• Business growth drives earnings performance:
  • Net operating earnings up 2% to EUR 509 million* (up 7% in constant currency)
  • Net underlying operating earnings up 10% to EUR 531 million (up 15% in constant currency)

• Net income up 47% to EUR 541 million:
  • Increase mainly due to higher operating earnings and additions to provisions for guarantees in 2006

• Strong increase in new life sales of 12%; Total deposits rise 53%

• Profitable growth as value of new business rises 51% to EUR 235 million

• Revenue generating investments up 4% (constant currency: up 11%)

* 2007 is compared to pro forma data for 2006. These figures are presented after the change in accounting principles and after the change in definition of operating earnings to include AEGON's share in net results of associates and exclude the effect of any movements in the fair value of guarantees, as would have been the case had AEGON The Netherlands' hedge program been in place for those two years. Net income is, however, only affected by the change in the accounting principles. See also Table Financial Overview on page 3 and AEGON's press release of July 24, 2007. See also page 36 of this press release for more details.

Commenting on developments during the third quarter, Donald J. Shepard, Chairman of AEGON's Executive Board, stated:

"The increases we are reporting today in operating earnings, net income, value of new business and new life sales demonstrate the strong underlying performance of AEGON's businesses.

"During the quarter, we made good progress in further strengthening AEGON's distribution network in the United States, Asia and Europe with our acquisition of Merrill Lynch's life insurance business, our new partnership with Taishin bank in Taiwan and a new joint venture in Spain with Caja Cantabria. In addition, our new license to begin operations in the southern province of Guangdong will further expand our presence in the rapidly developing Chinese market.

"The 12% increase in new life sales for the Group was the result of solid growth across all units. In AEGON's Other Countries unit, new life sales doubled compared to the third quarter of 2006, due especially to strong sales in both Taiwan and Poland.

"In the United States, we achieved solid deposit growth with a 67% increase compared with the same period last year. The increase was primarily a result of strong production growth in our pension and institutional businesses. In Central and Eastern Europe, strong sales of pensions and mutual funds also contributed to a 53% increase in overall deposits for the Group.

"AEGON's total revenue generating investments increased by 11% at constant currency exchange rates. This reflects the net growth of both our deposits and premium business, as well as market performance.

"AEGON experienced no impairments in its subprime investment holdings during the quarter. We continue to be confident with our position in the difficult US subprime market.

"Today we have announced that I will be stepping down as Chairman of the Executive Board at the next Annual General Meeting of Shareholders in April 2008, in keeping with AEGON's customary retirement age. I am very pleased with the selection of Alex Wynaendts to succeed me and wish him every success in creating value for AEGON's stakeholders in the years to come."

Cautionary note regarding non-GAAP measures 
This press release includes certain non-GAAP financial measures: 2006 (net) pro-forma operating earnings, net operating earnings, operating earnings before tax, (net) underlying operating earnings and value of new business. The reconciliation of net operating earnings and operating earnings before tax to the most comparable IFRS measures is provided on page 34. A reconciliation of (net) underlying operating earnings to operating earnings before tax is provided on page 23.

Value of new business is not based on IFRS, which are used to report AEGON?s quarterly statements and should not be viewed as a substitute for IFRS financial measures.

AEGON believes that these non-GAAP measures, together with the IFRS information, provide a meaningful measure for the investment community to evaluate AEGON's business relative to the businesses of our peers.

Local currencies and constant currency exchange rates
This press release contains certain information about our results and financial condition in USD for the Americas, GBP for the United Kingdom, HUF for Hungary and NTD for Taiwan because those businesses operate and are managed primarily in those currencies. Certain comparative information presented on a constant currency basis eliminates the effects of changes in currency exchange rates. None of this information is a substitute for or superior to financial information about us presented in EUR, which is the currency of our primary financial statements.

Forward-looking statements
The statements contained in this press release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'believe', 'estimate', 'target',  'intend', 'may', 'expect', 'anticipate', 'predict', 'project', 'counting on', 'plan', 'continue', 'want', 'forecast', 'should', 'would', 'is confident' and 'will' and similar expressions as they relate to us are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. We undertake no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations, including, but not limited to, the following:

• Changes in general economic conditions, particularly in the United States, the Netherlands and the United Kingdom;
• Changes in the performance of financial markets, including emerging markets, including:
  • The frequency and severity of defaults by issuers in our fixed income investment portfolios; and
  • The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in value of equity and debt securities we hold;
• The frequency and severity of insured loss events;
• Changes affecting mortality, morbidity and other factors that may affect the profitability of our insurance products;
• Changes affecting interest rate levels and continuing low interest rate levels and rapidly changing interest rate levels;
• Changes affecting currency exchange rates, including the EUR/USD and EUR/GBP exchange rates;
• Increasing levels of competition in the United States, the Netherlands, the United Kingdom and emerging markets;
• Changes in laws and regulations, particularly those affecting our operations, the products we sell and the attractiveness of certain products to our consumers;
• Regulatory changes relating to the insurance industry in the jurisdictions in which we operate;
• Acts of God, acts of terrorism, acts of war and pandemics;
• Changes in the policies of central banks and/or foreign governments;
• Litigation or regulatory action that could require us to pay significant damages or change the way we do business;
• Customer responsiveness to both new products and distribution channels;
• Competitive, legal, regulatory, or tax changes that affect the distribution cost of or demand for our products;
• Our failure to achieve anticipated levels of earnings or operational efficiencies as well as other cost saving initiatives;
• The impact on our reported financial results and financial condition as a result of our adoption of International Financial Reporting Standards.

ABOUT AEGON

AEGON is one of the world's largest life insurance and pension companies, and a strong provider of investment products. AEGON empowers local business units to identify and provide products and services that meet the evolving needs of customers, using distribution channels best suited to local markets. AEGON takes pride in balancing a local approach with the power of an expanding global operation.

With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 30,000 people worldwide. AEGON?s businesses serve millions of customers in over twenty markets throughout the Americas, Europe, and Asia, with major operations in the United States, the Netherlands and the United Kingdom.

Respect, quality, transparency and trust constitute AEGON's core values as the company continually strives to meet the expectations of customers, shareholders, employees and business partners. AEGON is driven to deliver new thinking with the ambition to be the best in the industry.

	The Hague, the Netherlands	Baltimore, the United States
Analysts & Investors	+31 (0)70 344 83 05	877 548 9668 (toll free - USA only) / +1 410 576 45 77
Media	+31 (0)70 344 83 44
E-mail	gca-ir@aegon.com	ir@aegonusa.com
Website	www.aegon.com

Media conference call

A media conference call on the third quarter 2007 results will be held this morning at 08.15 hrs CET. This conference call and Q&A session can be followed simultaneously via an audio webcast on AEGON's website www.aegon.com.

An analyst and investor conference call on the third quarter 2007 results will be held today at 15.00 hrs CET (London 14.00 hrs, New York 09.00 hrs.)

The listen-only phone numbers for the conference call are as follows:

The Netherlands : +31 20 796 5332

United Kingdom : +44 208 515 2301

United States and Canada : +1 303 262 2137

The conference call and Q&A session can be followed simultaneously via an audio webcast on AEGON?s website www.aegon.com.