RNS Number:0994L
Aegon N.V.
14 May 2003

AEGON N.V. prices offering of USD 750 Million of 4.75% Senior Notes
due 2013



AEGON N.V. (NYSE: AGN) today announced the pricing of an offering of USD 750
million of 4.75 % Senior Notes due 2013. The net proceeds from the sale of the
senior notes will be used to repay maturing indebtedness. The senior notes will
be issued under AEGON's existing shelf registration statement. The offering is
expected to close on May 20, 2003.

Banc of America Securities LLC and Citigroup are joint book-running managers on
the transaction. Copies of a prospectus relating to this offering may be
obtained from Banc of America Securities LLC (9 West 57th, New York, NY 10019,
Attn Zachary E. Frost, Tel: +1 212 933 2913, Fax:+1 212 847 5184) and Citigroup
(Prospectus Department, Citigroup Global Markets Inc, Fax : +1 718 765 6734).

This press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of the notes in any state or
jurisdiction in which such offer, solicitation or sale is unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.

About AEGON
AEGON N.V. is the holding company of one of the world's largest listed insurance
groups ranked by market capitalization and assets. Close to 90% of the existing
business is in life insurance, pensions and related savings and investment
products. The Group is also active in accident and health insurance, general
insurance and limited banking activities. The AEGON Group is a decentralized
multi-domestic corporation. Worldwide over 26,000 people are employed by AEGON.

AEGON is active in three major markets: the United States, the Netherlands and
the United Kingdom. The Group is also present in, among others, Canada, Hungary,
Spain, Belgium, Germany, Ireland, Taiwan and China and has a representative
office in India. Its corporate headquarters are located in The Hague, the
Netherlands.

Disclaimer

Forward-looking statements

The statements contained in this press release that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as "believe", "estimate", "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;
  * changes affecting currency exchange rates, including the euro/US dollar
    and euro/UK pound 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;
  * the costs of defending litigation, the risk of unanticipated material
    adverse outcomes in such litigation and AEGON's exposure to other contingent
    liabilities;
  * acts of God, acts of terrorism and acts of war;
  * changes in the policies of central banks and/or foreign governments;
  * 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; and
  * our failure to achieve anticipated levels of earnings or operational
    efficiencies as well as other cost saving initiatives.



The Hague, May 14, 2003

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Inquiries:

AEGON N.V.

Group Communications                    Investor Relations

Phone : +31 (0)70 344 83 44             NL +31 (0)70 344 83 05

                                        USA +1 410 576 45 77

Web site: www.aegon.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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