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Aegon completes USD 550 million Regulation XXX Securitization

The Hague, May 1, 2007

Aegon announced today that it successfully closed an offering of USD 550 million of 30-year maturity securities by its wholly-owned subsidiary LIICA Holdings LLC.

The proceeds from the issuance will be used to fund certain statutory reserves associated with level premium term life insurance policies (commonly referred to as Regulation XXX reserves) reinsured by LIICA Re I.

The Series A Floating Rate Guaranteed Notes are insured by Assured Guaranty Corp. which will guarantee the timely payment of scheduled interest payments under the Notes and the ultimate repayment of the principal amount of the Notes on the maturity date. Morgan Stanley was the sole structuring agent and sole book-runner for the transaction.

This transaction is designed to provide an alternative to Letter of Credit (LOC) solutions for Regulation XXX redundant reserve requirements in the United States and marks another important milestone for Aegon in efficiently managing its reserves and capital.

Aegon will continue to explore further opportunities for securitizations and structured financing as part of its ongoing commitment to efficiently and actively manage capital and reserve needs.