THE HAGUE, The Netherlands, October 13 /PRNewswire-FirstCall/ -- AEGON announces that it has successfully completed a capital management transaction that will make available approximately USD 650 million of additional regulatory capital to its US operations. The transaction, which has an initial size of USD 900 million, serves to realize the value of a portion of future profits associated with an existing book of traditional life business. The term of the transaction between AEGON and JPMorgan Chase Bank is ten years.

"Improving returns of AEGON's businesses continues to be one of our key priorities," said AEGON CFO Jan Nooitgedagt. "This latest transaction, which is part of our capital preservation program, will further strengthen our overall capital position and enable us to manage our capital more effectively."

Between the third quarter of 2008 and the second quarter of 2009, AEGON released EUR 3.3 billion of capital from its businesses and is committed to exploring additional capital preservation initiatives.

AEGON

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 approximately 29,500 people and have over 40 million customers across the globe.

    Key figures              Second quarter 2009       Full year 2008

    Underlying earnings
    before tax                EUR 404 million         EUR 1.57  billion
    New life sales            EUR 469 million         EUR 2.63  billion
    Gross deposits            EUR 6.8 billion         EUR 40.75 billion
    Revenue generating
    investments               EUR 342 billion         EUR 332   billion
    (End of period)


    DISCLAIMER
    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.

Further details of potential risks and uncertainties affecting the company are described in the company's filings with Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report on Form 20-F. 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.

    AEGON Group Corporate Communications & Investor Relations
    Media relations
    Greg Tucker
    +31(0)70-344-8956
    E-mail: gcc-ir@aegon.com

    Investor relations
    Gerbrand Nijman
    +31(0)70-344-8305 or +1-877-548-9668 - toll free USA only
    E-mail: ir@aegon.comWebsite

    http://www.aegon.com

SOURCE AEGON N.V.