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Aegon N.V. announces offering of USD 750 million perpetual capital securities in two series

The Hague, December 18, 2005

Aegon N.V. announces the pricing of an offering of USD 500 million in Fixed Rate Perpetual Capital Securities and USD 250 million in Floating Rate Perpetual Capital Securities in an SEC registered offering.

The Fixed Rate Perpetual Capital Securities will carry a fixed coupon of 6.5 % and the Floating Rate Perpetual Capital Securities will carry a coupon of three-month LIBOR plus 0.875 %. Both Securities are priced at USD 25. Application will be made to list each series of the Perpetual Capital Securities on the New York Stock Exchange (NYSE). The offer is expected to close on November 23, 2005, and the Securities are expected to be admitted for trading on the NYSE within 30 days thereafter. The proceeds from the issue will be used for general corporate purposes. This issue will further strengthen Aegon's capital base in a non-dilutive and cost effective manner. 

The joint bookrunners for the offering of both series of Aegon Perpetual Capital Securities are Merrill Lynch & Co. and Wachovia Securities. Citigroup, Morgan Stanley and UBS Investment Bank are senior co-managers. The offering of each series is being made only pursuant to a prospectus supplement and an accompanying prospectus, copies of which may be obtained when available from Merrill Lynch & Co., 4 World Financial Center, New York, telephone 212 449-1000 and Wachovia Securities, 301 South College Street, Charlotte, NC 28288, telephone 704 374-6565.  

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Perpetual Capital Securities in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.