Rob Routs to Succeed Dudley Eustace as Chairman of AEGON's Supervisory Board in 2010

THE HAGUE, The Netherlands, February 9  /PRNewswire-FirstCall/ -- Rob Routs will take over as Chairman of AEGON's Supervisory Board at the Annual General Meeting of Shareholders in April 2010.

Mr. Routs, 62, a former Executive Director with Royal Dutch Shell PLC., will succeed Dudley Eustace, who will retire in 2010 as chairman of AEGON's Supervisory Board. Mr. Eustace, who joined AEGON's Supervisory Board in 1997 and whose current term ends this year, will be nominated for an additional one-year term at this year's Annual General Meeting of Shareholders on April 22, 2009. As announced at last year's Annual General Meeting of Shareholders, Mr. Eustace has been asked by the Supervisory Board to stay on as Chairman for an additional year, in light of the number of new members to the Supervisory Board and in order to ensure continuity.

"I am very pleased that Rob has agreed to succeed me as chairman of AEGON's Supervisory Board," Mr. Eustace said. "His broad experience in a variety of management positions with an international company will be of tremendous benefit to AEGON and its stakeholders in the years ahead. I am certain he will make a very successful chairman."

Mr. Routs has been a member of AEGON's Supervisory Board since 2008. His current term expires in 2012.

  Biography

  Name: Rob J. Routs
  Age: 62
  Nationality: Dutch




Educated at the Technological University at Eindhoven in the Netherlands, Rob Routs began his career at Royal Dutch Shell in 1971 as a researcher and engineer. Over the next 30 years, he held a series of management jobs at the company in the Netherlands, the United States and Canada. Until recently, he was Royal Dutch Shell's Executive Director for the Downstream. Mr. Routs was appointed to AEGON's Supervisory Board in 2008. He also sits on the Board of Directors of Canadian Utilities and of the business school INSEAD and he is a member of The Economic Development Board of Singapore International Advisory Council.

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 nearly 32,000 people and have over 40 million customers across the globe.

  Key figures              2007                    First nine months
                                                   2008

  Underlying earnings
  before tax               EUR 2.64 billion        EUR 1.75 billion

  New life sales           EUR 3.27 billion        EUR 2.03 billion

  Gross deposits           EUR 44.53 billion       EUR 28.82 billion

  Revenue generating
  investments
  (end of period)          EUR 371 billion         EUR 351 billion



  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: believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, 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;

  - 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.


  Group Corporate Communications & Investor Relations

  Media relations
  Greg Tucker
  [phone]
  E-mail: 

  Investor relations
  Gerbrand Nijman
  [phone] or [phone] - toll free USA only
  E-mail: 


  Website: http://www.aegon.com/

DATASOURCE: AEGON N.V.



CONTACT:  Group Corporate Communications & Investor Relations: Media

relations, Greg Tucker, [phone], E-mail: ; Investor

relations, Gerbrand Nijman, [phone] or [phone] - toll free

USA only, E-mail: 

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