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Aegon announces successful completion of innovative capital management transaction

The Hague, January 31, 2008

Aegon announced today that it has successfully completed an innovative capital management transaction.

Aegon announced today that it has successfully completed an innovative capital management transaction. This transaction provides the company with flexible solutions that help manage reserves and capital in a cost efficient manner.

The transaction is a 30-year, USD 1.5 billion AXXX financing transaction between an Aegon company and JPMorgan Chase Bank N.A. and has an initial size of USD 300 million. Despite challenging market conditions, this transaction was efficiently executed and provides a cost effective alternative to Letter of Credit (LOC) solutions for Regulation AXXX requirements in the United States. JPMorgan Chase Bank N.A. has acted as Sole Lead Arranger.

Aegon will continue to explore further opportunities for securitizations and other innovative capital market transactions as part of its ongoing commitment to efficiently and actively manage capital and reserve needs.