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Aegon-CNOOC marks opening Jiangsu branch in Nanjing

The Hague, September 7, 2005

"Our expansion into Nanjing continues Aegon's growth strategy for Asia and long-term commitment to the Chinese market," said Aegon Chairman and CEO Donald J. Shepard.

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 Jiangsu branch in Nanjing.

Following the launch of Aegon-CNOOC's headquarters in Shanghai in May 2003 and the opening of the Beijing branch in May 2005, Nanjing is the second branch office in China. This office offers Aegon-CNOOC an early entrance into the province of Jiangsu, one of the fastest growing and most developed provinces of China. 

"Our expansion into Nanjing continues Aegon's growth strategy for Asia and long-term commitment to the Chinese market," said Aegon Chairman and CEO Donald J. Shepard. "We now look forward to providing the full range of Aegon's life insurance products for the benefit of customers throughout the important Jiangsu province."