AEGON Successfully Issues EUR 1 Billion 7% Notes

THE HAGUE, The Netherlands - Not for Distribution in the USA, Canada and Japan

Today AEGON N.V. announces the issuance of senior unsecured notes with a nominal amount of EUR 1 billion due April 29, 2012, under its USD 6 billion Programme for the Issuance of Debt Instruments. The notes, issued at a price 99.673, will carry a coupon of 7%. The transaction is expected to close on April 29, 2009.

The ability to successfully access capital markets is clear evidence of the financial flexibility of the company. AEGON applies leverage tolerances to its capital base and targets dated subordinated and senior debt to comprise a maximum 5% of the total capital base*). At December 31, 2008, dated subordinated and senior debt accounted for 1.3% of the total capital base. The net proceeds of the issue will be used for general corporate purposes.

The joint book runners are Barclays Capital, BNP Paribas and HSBC. The issue was more than four times oversubscribed and successfully placed across Europe and Asia.

Copies of the documentation relating to this offering are available on AEGON’s corporate website www.aegon.com.

The Notes have not been and will not be registered under the United States Securities Act of 1933 as amended (the ‘Securities Act’) and are subject to certain United States tax law requirements. Subject to certain exceptions, the Notes may not be offered, sold or delivered, directly or indirectly, in the United States, or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the Securities Act). For a further description of registrations on offers, sales, resales and deliveries of Notes, see ‘Subscription and Sale’ in the Base Prospectus.

*) The capital base reflects the capital employed across the company and consists of core capital (shareholders’ equity, excluding the revaluation account, as well as convertible core capital securities), perpetual capital securities (including currency revaluations), and dated subordinated and senior debt.

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 31,500 people and have over 40 million customers across the globe.

Key figures 2008 2007 Underlying earnings before tax EUR 1.57 billion EUR 2.64 billion New life sales EUR 2.63 billion EUR 3.27 billion Gross deposits EUR 40.75 billion EUR 44.53 billion Revenue generating investments EUR 332 billion EUR 370 billion (At December 31)

Group Corporate Communications & Investor Relations Media relations Greg Tucker +31(0)70-344-8956 E-mail: gcc-ir@aegon.com Investor relations Gerbrand Nijman +31(0)70-344 8305 or +1-877548-9668 - toll free USA only E-mail: ir@aegon.com Website www.aegon.com

Source: AEGON N.V.

Group Corporate Communications & Investor Relations, Media relations, Greg Tucker, +31(0)70-344-8956, E-mail: gcc-ir at aegon.com; Investor relations, Gerbrand Nijman, +31(0)70-344 8305 or +1-877548-9668 - toll free USA only, E-mail: ir at aegon.com