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Aegon announces repurchase of shares to neutralize final stock dividend

Press Release, July 4, 2016

Aegon will repurchase 29,258,662 common shares to neutralize the dilutive effect of the 2015 final stock dividend. These shares will be held as treasury shares and will be used to pay future stock dividends.

Aegon is committed to the repurchase of the common shares by engaging a third party to execute the transactions on its behalf.

These transactions will commence on July 4, 2016, and are expected to be completed on or before August 12, 2016. The common shares will be repurchased at a maximum of the daily volume-weighted average price.

Aegon will provide weekly updates regarding the transactions on aegon.com/sharebuyback.