Aegon Strengthens Romanian Position with Addition of Eureko's Life and Pension Business in Romania

Aegon Strengthens Romanian Position with Addition of Eureko's Life and Pension
                             Business in Romania

  PR Newswire

  THE HAGUE, The Netherlands, January 29, 2013

THE HAGUE, The Netherlands, January 29, 2013 /PRNewswire/ --

Aegon announces that it will take over Eureko's life insurance and pension
business in Romania, further strengthening Aegon's position in the Central and
Eastern European region. Eureko is fully owned by Achmea.

Aegon has been active in Romania since 2007 and also has operations in
Hungary, Poland, the Czech Republic, Slovakia and Turkey. Moreover, Aegon
recently announced its entrance into Ukraine with the acquisition of the fifth
largest life insurance company in the country.

The transaction is expected to close in the second half of 2013, pending
regulatory approval. Eureko's Romanian life insurance portfolio and pension
fund business will be integrated into the operations of Aegon Romania.

Following the transaction, Aegon Romania will become the country's third
largest pension provider, with approximately 650,000 pension fund members, and
its life insurance portfolio will become one of the ten largest in the

Gábor Kepecs, CEO of Aegon CEE and a Member of Aegon's Management Board, said:
"Given the increasing demand for life insurance and pension-related products
and services in Romania and throughout the Central and Eastern European
region, we are determined to extend Aegon's recognized expertise to serve the
developing need. The addition of Eureko's Romanian life insurance portfolio
and pension fund business will significantly strengthen our position and
ability to provide reliable long-term financial solutions for a growing
customer base."


Forward-looking statements

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. 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 Aegon.
These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Aegon undertakes
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

  *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 Aegon's fixed income
    investment portfolios;
  *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 Aegon holds; and
  *The effects of declining creditworthiness of certain private sector
    securities and the resulting decline in the value of sovereign exposure
    that Aegon holds;
  *Changes in the performance of Aegon's investment portfolio and decline in
    ratings of Aegon's counterparties;
  *Consequences of a potential (partial) break-up of the euro;
  *The frequency and severity of insured loss events;
  *Changes affecting mortality, morbidity, persistence and other factors that
    may impact the profitability of Aegon's insurance products;
  *Reinsurers to whom Aegon has ceded significant underwriting risks may fail
    to meet their obligations;
  *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;
  *Changes in the availability of, and costs associated with, liquidity
    sources such as bank and capital markets funding, as well as conditions in
    the credit markets in general such as changes in borrower and counterparty
  *Increasing levels of competition in the United States, the Netherlands,
    the United Kingdom and emerging markets;
  *Changes in laws and regulations, particularly those affecting Aegon's
    operations, ability to hire and retain key personnel, the products Aegon
    sells, and the attractiveness of certain products to its consumers;
  *Regulatory changes relating to the insurance industry in the jurisdictions
    in which Aegon operates;
  *Changes in customer behavior and public opinion in general related to,
    among other things, the type of products also Aegon sells, including
    legal, regulatory or commercial necessity to meet changing customer
  *Acts of God, acts of terrorism, acts of war and pandemics;
  *Changes in the policies of central banks and/or governments;
  *Lowering of one or more of Aegon's debt ratings issued by recognized
    rating organizations and the adverse impact such action may have on
    Aegon's ability to raise capital and on its liquidity and financial
  *Lowering of one or more of insurer financial strength ratings of Aegon's
    insurance subsidiaries and the adverse impact such action may have on the
    premium writings, policy retention, profitability and liquidity of its
    insurance subsidiaries;
  *The effect of the European Union's Solvency II requirements and other
    regulations in other jurisdictions affecting the capital Aegon is required
    to maintain;
  *Litigation or regulatory action that could require Aegon to pay
    significant damages or change the way Aegon does business;
  *As Aegon's operations support complex transactions and are highly
    dependent on the proper functioning of information technology, a computer
    system failure or security breach may disrupt Aegon's business, damage its
    reputation and adversely affect its results of operations, financial
    condition and cash flows;
  *Customer responsiveness to both new products and distribution channels;
  *Competitive, legal, regulatory, or tax changes that affect profitability,
    the distribution cost of or demand for Aegon's products;
  *Changes in accounting regulations and policies may affect Aegon's reported
    results and shareholder's equity;
  *The impact of acquisitions and divestitures, restructurings, product
    withdrawals and other unusual items, including Aegon's ability to
    integrate acquisitions and to obtain the anticipated results and synergies
    from acquisitions;
  *Catastrophic events, either manmade or by nature, could result in material
    losses and significantly interrupt Aegon's business; and
  *Aegon's failure to achieve anticipated levels of earnings or operational
    efficiencies as well as other cost saving initiatives.

Further details of potential risks and uncertainties affecting Aegon are
described in its 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, Aegon 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 Aegon's
expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.

ABOUT AEGON As an international life insurance, pensions and asset management
company based in The Hague, Aegon has businesses in over twenty markets in the
Americas, Europe and Asia. Aegon companies employ approximately 25,000 people
and have nearly 47 million customers across the globe. Further information: .

Media relationsGreg Tucker +31(0)70-344-8956 Investor
relationsWillem van den Berg +31(0)70-344-8305
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