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Aegon N.V. increases eurobonds to EUR 1 billion

The Hague, May 21, 2003

Today Aegon NV increased the 4.625% Eurobond 2008 issue, which was launched on 2 April 2003 by EUR 100 million from EUR 900 million to EUR 1 billion.

The bonds will mature on 16 April 2008. The coupon of the bonds is 4.625% and the issue price of the increase of EUR 100 million is 100.263%. Lead-managers are Barclays Capital and Deutsche Bank. The proceeds will be used to refinance maturing debt