AEGON Asset Management Wins Asset Management Mandate From Stichting Notarieel Pensioenfonds

THE HAGUE, December 3 - AEGON Asset Management has won the mandate to manage a fixed income
portfolio on behalf of Stichting Notarieel Pensioenfonds (SNPF). SNPF is the
occupational pension fund for the notaries and junior notaries. SNPF's total
assets under management amount to approximately EUR 1 billion.

The mandate comprises two major parts. The first part is the active
management of a EUR 100 million fixed income portfolio. AEGON will manage
this portfolio using a Core Plus investment strategy that matches the
risk/return requirements as set by SNPF. The Core Plus investment strategy
effectively combines the efficiency of passive investments with the portable
alpha of AEGON's fixed income overlay fund.

The second part of the mandate concerns the active management of a fixed
income overlay fund. The objective of the overlay is to provide additional
return on top of the return of an existing loan portfolio of EUR 140 million
with SNPF. The entire mandate is effective as of December 1, 2009.

Max Muntinga, Directeur SNPF: "We have chosen AEGON Asset Management
because of its expertise in fixed income with which they have achieved
excellent investment performance. AEGON is an asset manager that understands
the investment issues of pension funds, and provides effective and
transparent solutions. The mandate that we awarded to AEGON matches perfectly
with our requirements and adds the benefits of diversification to the
existing investment strategies."

Michel Hulters, European Head of Institutional Sales: "We are very
pleased that Stichting Notarieel Pensioenfonds chose AEGON Asset Management
for managing a part of its fixed income portfolio. The active management of
fixed income portfolios has been one of our core competencies for many years.
Our investment style is marked by its structured and disciplined approach to
decision-making and its focus on risk management."

About AEGON Asset Management

AEGON Asset Management takes an active approach to managing investments,
helping retail and institutional clients to maximize available investment
opportunities and realize their financial objectives. As part of AEGON, AEGON
Asset Management has businesses in over twenty countries in Europe, the
Americas and Asia. AEGON Asset Management manages approximately EUR 200
billion on behalf of individual investors, financial institutions, pension
funds and insurance companies around the world. The AEGON Asset Management
businesses employ over 1,300 staff worldwide.

This press release is also available on www.aegonam.co.uk.

    Contact information

    Media relations: Thurstan Robinson
    +31(0)70-344-5563
    thurstan.robinson@aegon.com

Contact information: Media relations: Thurstan Robinson, +31(0)70-344-5563, thurstan.robinson at aegon.com