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Aegon announces offering of USD 500 million of 6.875% Perpetual Capital Securities

The Hague, June 21, 2006

Aegon N.V. announces the pricing of an offering of USD 500 million of 6.875% Perpetual Capital Securities in an SEC registered offering.

The Perpetual Capital Securities will carry a fixed coupon of 6.875% and are priced at USD 25. Application will be made to list the Perpetual Capital Securities on the New York Stock Exchange (NYSE). The offer is expected to close on June 28, 2006, and the Perpetual Capital 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 Aegon Perpetual Capital Securities are Citigroup and Merrill Lynch & Co. Senior co-managers are Morgan Stanley, UBS Investment Bank and Wachovia Securities. The offering is being made only pursuant to a prospectus supplement and an accompanying prospectus, copies of which may be obtained when available from Citigroup, Brooklyn Army Terminal, 140 58th St., Brooklyn, NY 11220, Att: Prospectus Department – 8th floor, telephone +1 877 858 5407 and Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, telephone +1 866 500 5408 (CUSIP N00927306).