AEGON N.V. - AEGON repays one third of government support

Dec 01, 2009 (PR Newswire Europe via COMTEX) --
AEG | Quote | Chart | News | PowerRating -- e>AEGON repays one third of government support

THE HAGUE - 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.


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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

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.

Key figures - EUR Q3 2009 Full year
2008

Underlying earnings 351 million 1.6 billion
before tax

New life sales 484 million 2.6 billion


Gross deposits 6.8 billion 40.8 billion


Revenue generating
investments 354 billion 332 billion
(end of period)

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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.

Press release

DECEMBER 1, 2009




END

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