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Aegon N.V. announces execution of share buy-back

The Hague, May 25, 2007

Aegon N.V. will repurchase 11.6 million common shares. The buy-back will be completed before June 30, 2007.

With reference to our press releases dated March 8, 2007 and May 16, 2007, Aegon N.V. announces that it has mandated the buy-back of Aegon N.V. shares. The purpose of the buy-back is to neutralize the dilution effect of the 2006 final dividend paid in shares.

Aegon N.V. will repurchase 11.6 million common shares. The buy-back will be completed before June 30, 2007.