Path:

Aegon-CNOOC marks opening Beijing branch

The Hague, May 17, 2005

Aegon N.V. has announced that Aegon-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of Aegon N.V. with the Chinese National Offshore Oil Corporation (CNOOC), today officially marked the opening of its Beijing branch.

Following the launch of Aegon-CNOOC’s headquarters in Shanghai in May 2003, Beijing is the first branch office in China. According to Donald J. Shepard, CEO of Aegon N.V., “We are delighted with the success of Aegon-CNOOC’s operations in Shanghai over the past three years, success that has been largely driven by the strong and committed partnership between CNOOC and Aegon. We are confident that the foundation we have established will enable Aegon-CNOOC to succeed in Beijing and further develop the significant opportunities across China in the coming years.”