van der Werf Steps Down as CEO of AEGON The Netherlands

The Hague — AEGON N.V. announced that Johan van der Werf has stepped down as CEO of AEGON The Netherlands, as of Jan. 21, 2008. van der Werf, who also serves on the Management Board of AEGON N.V., has led the Dutch organization since 2002, and has worked for AEGON and its predecessors since 1982. He will serve as an advisor to the executive board for the remainder of the year.

Pending the executive board's selection of van der Werf's successor, the management board of AEGON The Netherlands will report to Jos Streppel, CFO of AEGON N.V.

"These past 26 years with AEGON have been extremely gratifying," van der Werf stated. "I am proud of the work we have accomplished to create
a more efficient organization and increase customer satisfaction, while
positioning AEGON The Netherlands for future growth. I wish to thank my
colleagues and our dedicated employees who have enabled us to achieve the
progress we have made in recent years. While the decision to leave AEGON
has been difficult for me personally, I have every confidence that AEGON
The Netherlands will secure an even stronger position in the years ahead."

Jos Streppel has been a member of the executive board since 2000. He
currently serves as a member of the supervisory boards of Royal KPN N.V.
and Van Lanschot Bankiers N.V., and is a member of the Dutch Monitoring
Committee Corporate Governance.

Source: AEGON