AEGON Repays One Third of Government Support

THE HAGUE, The Netherlands, December 1 - AEGON yesterday repaid one third of the EUR 3 billion in core capital the
company secured last year through its largest shareholder, Vereniging AEGON
and funded by the Dutch government. AEGON first announced its intention to
repay the Dutch government in August when it raised EUR 1 billion in a
successful equity issue.

The total payment to the Dutch government amounts to EUR 1.15 billion.
Under the terms of AEGON's agreement with the Dutch government, the premium
for repayment amounted to EUR 108 million based on the volume weighted
average share price of AEGON shares of EUR 4.8315 during the five trading
days from November 23 until November 27. The amount repaid includes accrued
interest from May 22, 2009 of EUR 44 million.

Repayment of the initial EUR 1 billion to the Dutch government is an
important first step toward full repayment of the core capital funded by the
Dutch government.

About AEGON

As an international life insurance, pension and investment company based
in The Hague, AEGON has businesses in over twenty markets in the Americas,
Europe and Asia. AEGON companies employ approximately 29,000 people
and have over 40 million customers across the globe.

                                           Full year
    Key figures - EUR           Q3 2009         2008
    Underlying earnings
    before tax              351 million  1.6 billion
    New life sales          484 million  2.6 billion
    Gross deposits          6.8 billion 40.8 billion
    Revenue generating
    investments
    (end of period)         354 billion  332 billion

Forward-looking statements

The statements contained in this press release that are not historical
facts are forward-looking statements as defined in the US Private Securities
Litigation Reform Act of 1995. The following are words that identify such
forward-looking statements: aim, believe, estimate, target, intend, may,
expect, anticipate, predict, project, counting on, plan, continue, want,
forecast, goal, should, would, is confident, will, and similar expressions as
they relate to our company. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are
difficult to predict. We undertake no obligation to publicly update or revise
any forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which merely reflect company
expectations at the time of writing. Actual results may differ materially
from expectations conveyed in forward-looking statements due to changes
caused by various risks and uncertainties. Such risks and uncertainties
include but are not limited to the following:

Changes in general economic conditions, particularly in the United
States, the Netherlands and the United Kingdom;

Changes in the performance of financial markets, including emerging
markets, such as with regard to:

    - The frequency and severity of defaults by issuers in our fixed income
      investment portfolios; and

    - The effects of corporate bankruptcies and/or accounting restatements on
      the financial markets and the resulting decline in the value of equity
      and debt securities we hold;

The frequency and severity of insured loss events;

Changes affecting mortality, morbidity and other factors that may
impact the profitability of our insurance products;

Changes affecting interest rate levels and continuing low or rapidly
changing interest rate levels;

Changes affecting currency exchange rates, in particular the EUR/USD
and EUR/GBP exchange rates;

Increasing levels of competition in the United States, the Netherlands,
the United Kingdom and emerging markets;

Changes in laws and regulations, particularly those affecting our
operations, the products we sell, and the attractiveness of certain products
to our consumers;

Regulatory changes relating to the insurance industry in the
jurisdictions in which we operate;

Acts of God, acts of terrorism, acts of war and pandemics;

Effects of deliberations of the European Commission regarding the aid
we received from the Dutch State in December 2008;

Changes in the policies of central banks and/or governments;

Litigation or regulatory action that could require us to pay
significant damages or change the way we do business;

Customer responsiveness to both new products and distribution channels;

Competitive, legal, regulatory, or tax changes that affect the
distribution cost of or demand for our products;

Our failure to achieve anticipated levels of earnings or operational
efficiencies as well as other cost saving initiatives; and

The impact our adoption of the International Financial Reporting
Standards may have on our reported financial results and financial condition.

Further details of potential risks and uncertainties affecting the
company are described in the company's filings with Euronext Amsterdam and
the US Securities and Exchange Commission, including the Annual Report on
Form 20-F. These forward-looking statements speak only as of the date of this
document. Except as required by any applicable law or regulation, the company
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in the company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is
based.

    Contact information

    Media relations: Greg Tucker
    +31(0)70-344-8956
    gcc-ir@aegon.com

    Investor relations: Gerbrand Nijman
    +31-(0)70-344 8305
    877-548-9668 - toll free USA only
    ir@aegon.com

www.aegon.com

Contact information: Media relations: Greg Tucker, +31(0)70-344-8956, gcc-ir at aegon.com. Investor relations: Gerbrand Nijman, +31-(0)70-344-8305, 877-548-9668 - toll free USA only, ir at aegon.com