October 24, 2019 -- Aegon today announces that it is exercising its right to redeem the USD 1 billion perpetual capital securities with a coupon of 6.375% issued in 2005. The redemption of these grandfathered Tier 1 securities will be effective December 15, 2019, when the principal amount of USD 1 billion will be repaid together with any accrued and unpaid interest. The securities (ISIN code: NL0000021541, CUSIP code: 007924301) are currently listed on the New York Stock Exchange with symbol AEH. This listing will be terminated following the redemption of the securities. A notice of redemption will be sent to all currently registered holders of the perpetual capital securities by the trustee, The Bank of New York Mellon. The Paying Agent is Citibank N.A., 480 Washington Boulevard, 30th Floor, Jersey City, New Jersey 07310.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  AEGON N.V., 6.375% Perpetual Capital Securities, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/15/2015 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 6.375% ($1.59375) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by these capital securities are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-41 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.38% $1.59	$25.00 $25.00	Called for 12/15/2019 None	Baa1 BBB 10/15/2019	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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HOME PAGE:     http://www.aegon.com/
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Company's Email Address Links

Email Address	ir@aegon.com
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Foreign Address and Phone Numbers

Address:   AEGONplein 50, 2501 CB The Hague, the Netherlands
Main Phone Number	+31-70-344-8305
Fax Number	+31-70-344-5238
Inv Rel Phone Number	+31 70 344 8405

Address and Phone Numbers

U.S. Representative	AEGON USA
Address:
Main Phone Number	781-575-4555
Fax Number	201-324-3284
Investor Relations	781-575-4555
Toll Free Phone Number	877-548-9668

CEO - Alex Wynaendts

CFO - Jan Nooitgedagt