AEGON N.V.: AEGON completes two capital management transactions

The Hague, January 29, 2007

AEGON announces successful completion of two innovative capital management
transactions

AEGON announced today that it has successfully completed a structured financing
and a securitization transaction in the past month. These transactions provide
the company with flexible solutions that help manage reserves and capital in a
cost efficient manner.

The first transaction is a 30-year, USD 1.54 billion AXXX / XXX structured
credit transaction between an AEGON company and HSBC Bank USA, N.A. This
transaction has an initial size of USD 980 million and was designed to provide
a cost effective alternative to Letter of Credit (LOC) solutions for Regulation
XXX and AXXX redundant reserve requirements in the United States. HSBC has
acted as Sole Lead Arranger.

The second transaction involved a private Value of in-force (ViF)
securitization by AEGON UK, enabling AEGON UK to monetize a portion of future
profits associated with an existing book of unit-linked business. The
securitization will add around GBP 90 million to the total core capital of
AEGON. The capital created by the transaction will be used by AEGON UK to
return capital to the Group. This transaction was managed by Barclays Capital.

AEGON will continue to explore further opportunities for securitizations and
structured financing as part of its ongoing commitment to efficiently and
actively manage capital and reserve needs.

ABOUT AEGON

AEGON is one of the world's largest life insurance and pension companies, and a
strong provider of investment products. We empower our local business units to
identify and provide products and services that meet the evolving needs of our
customers, using distribution channels best suited to their local markets. We
take pride in balancing a local approach with the power of an expanding global
operation.

With headquarters in The Hague, the Netherlands, AEGON companies employ
approximately 27,000 people. AEGON's three major markets are the United States,
the Netherlands and the United Kingdom. In addition, the Group is present in a
number of other countries including Canada, China, Czech Republic, Hungary,
Poland, Slovakia, Spain and Taiwan.

Respect, quality, transparency and trust constitute AEGON's core values as the
company continually strives to meet the expectations of customers,
shareholders, employees and business partners. AEGON is driven to deliver new
thinking and our ambition is to be the best in the industry.

Forward looking statements

The statements contained in this press release that are not historical facts
may be forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as believe', estimate', 'target',
intend', may', expect', anticipate', predict', project', counting on',
plan', continue', want', forecast', should', would', is confident' and
will' and similar expressions as they relate to us are intended to identify
such forward-looking statements. 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 speak only as of their dates.

  * All forward-looking statements are subject to various risks and
    uncertainties that could cause actual results to differ materially from
    expectations, including, but 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, including:
   
  * 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 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 affect
    the profitability of our insurance products;
   
  * Changes affecting interest rate levels and continuing low interest rate
    levels and rapidly changing interest rate levels;
   
  * Changes affecting currency exchange rates, including 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;
   
  * The impact on our reported financial results and financial condition as a
    result of our adoption of International Financial Reporting Standards.
   
CONTACT INFORMATION

Group Corporate Affairs & Investor Relations

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