New Management Structure AEGON UK

THE HAGUE, The Netherlands, December 7 - In line with AEGON's strategy, AEGON UK continues to focus on efficient
capital management and improving returns on capital. Toward this end, AEGON
has created two separate functions within its UK Risk and Finance operations,
each with local Management Board level responsibility. The new Risk operation
will bring a clear focus on risk, capital management and improving returns.
This development will ensure AEGON is prepared for future changes to the
regulatory environment in the UK insurance sector.

Mark Laidlaw, AEGON UK's Chief Financial Officer will take on the new
Management Board role of Chief Risk Officer and will lead and develop risk
and capital management strategy within AEGON UK.

AEGON has appointed Bill Robertson to the role of Finance Director. Mr.
Robertson is currently Chief Actuary for AEGON N.V., a role he has held since
2004. He previously held a succession of senior finance and actuarial roles
within AEGON UK.

Both Mark Laidlaw and Bill Robertson will report to AEGON UK chief
executive Otto Thoresen.

Commenting on the changes, Otto Thoresen, AEGON UK CEO and a member of
AEGON's Management Board, said, "It is clear that AEGON UK needs to improve
return on capital in line with AEGON's global approach, following the impact
of falls in the financial markets. AEGON's strategy is to improve returns and
to de-risk our balance sheet. Creating a new focus on risk and capital
management will enable us to achieve these dual goals. With the new
management focus, AEGON UK is well placed for the future."

Notes to editors

Mark Laidlaw was appointed Chief Financial Officer in January 2005, and
in this role, led AEGON UK's finance, actuarial and risk functions. Mark
joined AEGON in 1988 and has held a number of key financial roles.

Bill Robertson joins AEGON UK from AEGON N.V. where he was previously
Chief Actuary. Prior to that he held a number of senior finance and actuarial
roles within AEGON UK. He joined AEGON in 1999.

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 guaranteesi 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