Aegon N.V. announces offering of USD 925 million of 6.375% Perpetual Capital Securities

Aegon N.V. announces the pricing of an offering of USD 925 million in 6.375 % Perpetual Capital Securities in an SEC registered offering.

The Perpetual Capital Securities will carry a fixed coupon of 6.375 % 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 June 1, 2005, and the Perpetual Capital Securities are expected to be admitted for trading on the NYSE within 30 days thereafter. The proceeds from the issue will be used for general corporate purposes. This issue will further strengthen Aegon’s capital base in a non-dilutive and cost effective manner.  

The joint bookrunners for the offering of Aegon Perpetual Capital Securities are Merrill Lynch & Co. and UBS Investment Bank. Citigroup, Morgan Stanley and Wachovia Securities are senior co-managers. 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 & Co., 4 World Financial Center, New York, telephone 212 449-1000 and UBS Securities LLC, 677 Washington Blvd, Stamford, CT 06901 attention Fixed Income Syndicate, telephone 203 719-1088.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Perpetual Capital Securities in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.