Aegon announces offering of USD 1 billion of 7.25% Perpetual Capital Securities

The Perpetual Capital Securities will carry a fixed coupon of 7.25% 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 September 21, 2007, and the Perpetual Capital Securities are expected to be admitted for trading on the NYSE within 30 days thereafter. The proceeds from this issue will be used for general corporate purposes. This offering of Perpetual Capital Securities is part of Aegon's overall capital management strategy.

The joint bookrunners for the offering of Aegon Perpetual Capital Securities are Merrill Lynch, Morgan Stanley 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 Merrill Lynch, 4 World Financial Center, New York, +1 212 449 1000 or Morgan Stanley, 180 Varick Street, New York, Attention: Prospectus Department, +1 866 718 1649 or Wachovia Securities, 301 South College Street, Charlotte, +1 866 289 1262.