The Hague, May 16, 2024 - Aegon today announces the appointment of Duncan
Russell (1978) as Chief Financial Officer (CFO), effective September 1, 2024.
Duncan will succeed Matt Rider (1963), who will retire after over seven years of
exceptional service to the company. Matt will continue to serve as a member of
the Board of Transamerica on a non-executive basis.
Duncan Russell joined Aegon as Chief Transformation Officer in 2020. Prior to
Aegon, Duncan worked at UK-based Admiral Group Plc, where he last held the
position of CFO of Admiral Financial Services. Prior to that, he worked for NN
Group N.V., responsible for Group Capital Management, Treasury, Business
Development and Group Strategy, and at J.P. Morgan as Managing Director and Head
of Equity Research European Insurance.
"I am pleased to appoint Duncan Russell as our new CFO," said Aegon CEO, Lard
Friese. "I am confident that with his financial acumen, deep insurance expertise
and comprehensive knowledge of the capital markets and our organization, he will
continue to contribute to the success and transformation of our company.
"I also want to extend my deepest gratitude to Matt Rider for his dedication and
contribution over the years. His wealth of financial and insurance expertise,
his leadership and guidance have been instrumental in building and maintaining
Aegon's strong financial profile and improving its financial performance."
"I am grateful for the opportunity to be the next CFO of Aegon. We have
ambitious operational, strategic, and financial goals and I am excited to
continue working with my colleagues to deliver on them," added Duncan Russell.
Reflecting on his tenure, Matt Rider remarked, "It has been a privilege to serve
as CFO of Aegon. I am proud of the things we have accomplished as a team and am
grateful for the opportunity to have contributed. As I retire, I am confident in
Duncan's leadership, and wish him and the entire team continued success."
Contacts

 Media relations                         Investor relations
 Richard Mackillican                     Yves Cormier
 +31(0) 62 741 1546                      +31(0) 70 344 8028
 richard.mackillican@aegon.com           yves.cormier@aegon.com
 (mailto:richard.mackillican@aegon.com)  (mailto:hielke.hielkema@aegon.com)

About Aegon
Aegon is an international financial services holding company. Aegon's ambition
is to build leading businesses that offer their customers investment,
protection, and retirement solutions. Its portfolio of businesses includes fully
owned subsidiaries in the US, UK, and a global asset manager. In addition, Aegon
has partnerships in Spain & Portugal, Brazil, and China, which create value by
combining strong local partners with Aegon's international expertise. In the
Netherlands, Aegon generates value via a strategic shareholding in a market
leading insurance and pensions company.
Aegon's purpose of helping people live their best lives runs through all its
activities. As a leading global investor and employer, Aegon seeks to have a
positive impact by addressing critical environmental and societal issues, with a
focus on climate change and inclusion & diversity. Aegon is headquartered in The
Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Stock
Exchange. More information can be found at aegon.com
(http://www.aegon.com/about/). (http://www.aegon.com/about/)
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, could, is confident, will, and similar expressions as they relate to
Aegon. These statements may contain information about financial prospects,
economic conditions and trends and involve risks and uncertainties. In addition,
any statements that refer to sustainability, environmental and social targets,
commitments, goals, efforts and expectations and other events or circumstances
that are partially dependent on future events are forward-looking statements.
These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Aegon undertakes no
obligation, and expressly disclaims any duty, 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 and adversely 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:

  * Unexpected delays, difficulties, and expenses in executing against Aegon's
    environmental, climate, diversity and inclusion or other "ESG" targets,

goals and commitments, and changes in laws or regulations affecting us, such

    as changes in data privacy, environmental, safety and health laws;
  * Changes in general economic and/or governmental conditions, particularly in
    Bermuda, the United States, the Netherlands and the United Kingdom;
  * Civil unrest, (geo-) political tensions, military action or other
    instability in a country or geographic region;

* 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;
      * The effects of declining creditworthiness of certain public sector

securities and the resulting decline in the value of government exposure

        that Aegon holds;
      * The impact from volatility in credit, equity, and interest rates;
  * Changes in the performance of Aegon's investment portfolio and decline in
    ratings of Aegon's counterparties;
  * 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 condition;
  * 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
    written premium, policy retention, profitability and liquidity of its
    insurance subsidiaries;

* The effect of applicable Bermuda solvency requirements, the European Union's

    Solvency II requirements, and applicable equivalent solvency requirements
    and other regulations in other jurisdictions affecting the capital Aegon is
    required to maintain;

* Changes in the European Commissions' or European regulator's position on the

    equivalence of the supervisory regime for insurance and reinsurance
    undertakings in force in Bermuda;
  * Changes affecting interest rate levels and low or rapidly changing interest
    rate levels;
  * Changes affecting currency exchange rates, in particular the EUR/USD and
    EUR/GBP exchange rates;
  * Changes affecting inflation levels, particularly in the United States, the
    Netherlands and the United Kingdom;

* 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
    creditworthiness;
  * Increasing levels of competition, particularly in the United States, the
    Netherlands, the United Kingdom and emerging markets;
  * Catastrophic events, either manmade or by nature, including by way of
    example acts of God, acts of terrorism, acts of war and pandemics, could
    result in material losses and significantly interrupt Aegon's business;
  * The frequency and severity of insured loss events;
  * Changes affecting longevity, mortality, morbidity, persistence and other
    factors that may impact the profitability of Aegon's insurance products;
  * Aegon's projected results are highly sensitive to complex mathematical

models of financial markets, mortality, longevity, and other dynamic systems

    subject to shocks and unpredictable volatility. Should assumptions to these
    models later prove incorrect, or should errors in those models escape the
    controls in place to detect them, future performance will vary from
    projected results;
  * Reinsurers to whom Aegon has ceded significant underwriting risks may fail
    to meet their obligations;

* Changes in customer behavior and public opinion in general related to, among

    other things, the type of products Aegon sells, including legal, regulatory
    or commercial necessity to meet changing customer expectations;
  * Customer responsiveness to both new products and distribution channels;
  * Third-party information used by us may prove to be inaccurate and change
    over time as methodologies and data availability and quality continue to
    evolve impacting our results and disclosures;
  * As Aegon's operations support complex transactions and are highly dependent
    on the proper functioning of information technology, operational risks such
    as system disruptions or failures, security or data privacy breaches,
    cyberattacks, human error, failure to safeguard personally identifiable
    information, changes in operational practices or inadequate controls
    including with respect to third parties with which Aegon does business, may
    disrupt Aegon's business, damage its reputation and adversely affect its
    results of operations, financial condition and cash flows;
  * The impact of acquisitions and divestitures, restructurings, product
    withdrawals and other unusual items, including Aegon's ability to complete,
    or obtain regulatory approval for, acquisitions and divestitures, integrate
    acquisitions, and realize anticipated results, and its ability to separate
    businesses as part of divestitures;
  * Aegon's failure to achieve anticipated levels of earnings or operational
    efficiencies, as well as other management initiatives related to cost
    savings, Cash Capital at Holding, gross financial leverage and free cash
    flow;
  * Changes in the policies of central banks and/or governments;
  * Litigation or regulatory action that could require Aegon to pay significant
    damages or change the way Aegon does business;
  * Competitive, legal, regulatory, or tax changes that affect profitability,
    the distribution cost of or demand for Aegon's products;
  * Consequences of an actual or potential break-up of the European Monetary

Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
* Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away
from multilateral approaches to regulation of global or national operations,

    particularly regarding those laws and regulations related to ESG matters,
    those affecting Aegon's operations' ability to hire and retain key
    personnel, taxation of Aegon companies, the products Aegon sells, and the
    attractiveness of certain products to its consumers;
  * Regulatory changes relating to the pensions, investment, and insurance
    industries in the jurisdictions in which Aegon operates;
  * Standard setting initiatives of supranational standard setting bodies such
    as the Financial Stability Board and the International Association of
    Insurance Supervisors or changes to such standards that may have an impact
    on regional (such as EU), national or US federal or state level financial

regulation or the application thereof to Aegon, including the designation of

    Aegon by the Financial Stability Board as a Global Systemically Important
    Insurer (G-SII);
  * Changes in accounting regulations and policies or a change by Aegon in
    applying such regulations and policies, voluntarily or otherwise, which may
    affect Aegon's reported results, shareholders' equity or regulatory capital
    adequacy levels;
  * Changes in ESG standards and requirements, including assumptions,

methodology and materiality, or a change by Aegon in applying such standards

    and requirements, voluntarily or otherwise, may affect Aegon's ability to
    meet evolving standards and requirements, or Aegon's ability to meet its
    sustainability and ESG-related goals, or related public expectations, which

may also negatively affect Aegon's reputation or the reputation of its board of directors or its management; and
* Reliance on third-party information in certain of Aegon's disclosures, which

    may change over time as methodologies and data availability and quality
    continue to evolve. These factors, as well as any inaccuracies in third-
    party information used by Aegon, including in estimates or assumptions, may

cause results to differ materially and adversely from statements, estimates,

    and beliefs made by Aegon or third-parties. Moreover, Aegon's disclosures
    based on any standards may change due to revisions in framework
    requirements, availability of information, changes in its business or
    applicable governmental policies, or other factors, some of which may be
    beyond Aegon's control. Additionally, Aegon may provide information that is
    not necessarily material for SEC reporting purposes but that is informed by
    various ESG standards and frameworks (including standards for the
    measurement of underlying data), internal controls, and assumptions or
    third-party information that are still evolving and subject to change.

Further details of potential risks and uncertainties affecting Aegon are
described in its filings with the Netherlands Authority for the Financial
Markets and the US Securities and Exchange Commission, including the 2023
Integrated 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.
Â