Aegon to sell Aegon UK to Standard Life for a total consideration of GBP 2.0 billion

Schiphol, April 15, 2026 Transaction marks the completion of the strategic review of Aegon UK, further supporting Aegon in its ambition to become a leading US life insurance and retirement group The proceeds are valued at GBP 2.0 billion and consist of a shareholding of 15.3% (181.1 million shares) in Standard Life plc (Standard Life)1 and a cash amount of GBP 0.75 billion. Any remittances taken out of Aegon UK between the signing and closing of the transaction will be deducted from the GBP 0.75 billion cash amount Total consideration equivalent to 14.2x 2025 operating result after tax and 1.9x 2025 IFRS Shareholder's equity2 The cash received from the transaction, minus the value of the remittances that were expected to be received from Aegon UK between the signing and the closing of the transaction, is expected to be used for a combination of deleveraging and share buybacks, once the transaction is completed Aegon's group financial ambitions for 2026 and 2027, as communicated at its Capital Markets Day 2025, will be updated to reflect the transaction announced today, with target growth rates unchanged but starting from an adjusted base level Aegon's asset management activities in the UK will remain part of Aegon's global asset manager and will be an important asset management partner for the new combined business The transaction is expected to close around the end of 2026, subject to customary conditions, including regulatory approvals The relationship agreement with Standard Life entitles Aegon to appoint one non-Executive Director on the Board of Standard Life.