Stock fraction final dividend 2003 Aegon N.V. determined at 1/51

The proposed 2003 dividend was approved by the shareholders at the Annual General Meeting held on 22 April 2004. Shareholders were given the option to receive the final dividend in cash or new Aegon common shares. The final dividend in cash is EUR 0.20 per common share of EUR 0.12 par value and will be made payable as from 18 May 2004.

Shareholders who elected a final dividend in Aegon shares will receive 1 new Aegon common share per 51 common shares. The stock fraction has been based on the average stock price on Euronext Amsterdam over the period from 4 May up to and including 10 May 2004 and represents an 4.9 % higher value than the cash dividend. Holders of New York shares will be contacted by Aegon's US Transfer Agent, Citibank.