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Aegon CFO Jan Nooitgedagt to Retire; Darryl Button Named as Successor and CRO Tom Grondin to Join the Management Board

Aegon CFO Jan Nooitgedagt to Retire; Darryl Button Named as Successor and CRO
                   Tom Grondin to Join the Management Board

  PR Newswire

  THE HAGUE, The Netherlands, November 20, 2012

THE HAGUE, The Netherlands, November 20, 2012 /PRNewswire/ --

Aegon announces that Chief Financial Officer Jan Nooitgedagt (59, Dutch) has
decided to retire at the end of his current term, in line with Aegon's
retirement arrangements for Executive Board members. The Supervisory Board of
Aegon N.V. will propose the appointment of Darryl Button (43, Canadian) as his
successor and as a member of the Executive Board at Aegon's Annual General
Meeting of Shareholders on May 15, 2013. Mr. Button is currently Executive
Vice President and Head of Aegon's Corporate Financial Center and previously
served as CFO of Aegon Americas for eight years. The appointment of Mr. Button
is subject to the approval of the Dutch Central Bank.

As of January 1, 2013, Chief Risk Officer Tom Grondin (43, Canadian) will be
appointed to Aegon's Management Board. Mr. Grondin has served as Chief Risk
Officer since 2003. The inclusion of Mr. Grondin's position on the Management
Board reflects the importance of risk management within the organization. The
Management Board will be comprised of the CEO, CFO and CRO of Aegon N.V., the
CEO of Aegon Americas, the CEO of Aegon The Netherlands, the CEO of Aegon UK,
and the CEO of Aegon Central & Eastern Europe.

"We are grateful to Jan for the significant role he has played in
strengthening Aegon's financial position and risk profile during the
challenges of the past years," said Supervisory Board Chairman Rob Routs. "We
have full confidence in Darryl Button and look forward to benefiting from his
extensive operational experience in Aegon's largest country unit as management
continues to pursue the clear strategic priorities it has identified for the
coming years. With the appointment of Tom Grondin to the Management Board we
will further strengthen our disciplined approach to managing business risk in
a manner that supports our long-term growth ambitions."

Darryl Button

Executive Vice President, Head of the Corporate Financial Center 43, Canadian

Darryl Button was appointed Executive Vice President and Head of Aegon's
Corporate Financial Center on September 1, 2012. His current responsibilities
include actuarial, accounting and reporting, as well as treasury and capital
management, tax, and investor relations.

Darryl joined Aegon in 1999 as Director of Product Development and Risk
Management of Aegon USA's Institutional Markets operating unit. He was named
Aegon USA's Corporate Actuary in 2002 and Chief Financial Officer of Aegon
Americas in 2005, where he oversaw overall balance sheet management activities
for the Americas. Between 2008 and 2011, he was given the additional
responsibilities of Chairman, as well as executive management responsibility
for Aegon's Canadian operations. Prior to joining Aegon, Darryl was employed
by Mutual Life Insurance Co. of Canada.

Darryl earned a Bachelor's of Mathematics degree in Actuarial Science and
Statistics from the University of Waterloo in Ontario, Canada. He is a Fellow
of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries,
and a member of the American Academy of Actuaries.

Tom Grondin

Executive Vice President, Chief Risk Officer 43, Canadian

Tom Grondin was appointed Chief Risk Officer of Aegon N.V. in August 2003. His
current responsibilities include managing the risk and compliance functions.
In this role, Tom is responsible for the development and oversight of Aegon's
Enterprise Risk Management framework and internal Economic Framework. The
Economic Framework has helped guide Aegon's risk and business strategy over
the years.

Tom joined Aegon in 2000 as Director of Product Development and Risk
Management and was later promoted to Chief Actuary of Aegon USA's
Institutional Markets operating unit. As Chief Actuary, he had overall
responsibility for pricing, profitability and risk management for the
business. Prior to joining Aegon, Tom was employed as a consultant at
Tillinghast-Towers Perrin, and before that as an Asset/Liability manager at
Manulife Financial.

Tom holds a B.A. in Mathematics and Statistics from the University of Windsor
in Ontario, Canada. He is a Fellow of the Society of Actuaries, Fellow of the
Canadian Institute of Actuaries, and a member of the American Academy of
Actuaries.

DISCLAIMER

The statements contained in this document that are not historical facts are
forward-looking statements as defined in the US Private Securities Litigation
Reform Act of 1995. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions that are difficult to
predict. 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. Details of potential risks and uncertainties affecting the
company are described in the company's filings with NYSE Euronext Amsterdam
and the US Securities and Exchange Commission, including the Annual Report.
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.

Media relations  Greg Tucker   +31(0)70-344-8956   gcc@aegon.com  
Investor relationsWillem van den Berg +31(0)70-344-8305 ir@aegon.com

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