1  Mr. Button was appointed as CFO and member of Aegon’s Executive Board per May 15, 2013. Fixed compensation is disclosed for the period that Mr. Button has  been part of the Executive Board 2  Mr. Nooitgedagt’s fixed compensation is reflective of his time with Aegon till retirement as per August 1, 2013 Subject to the adoption of the annual accounts at the General  Meeting of Shareholders on May 21, 2014, variable  compensation for Executive Board members is set in cash and  shares, based on both their individual and the company´s  performance. Targets for the performance indicators have been  set in line with the agreed variable compensation targets and  2013 company budgets. Actual performance is being measured  over 2013. Under the Executive Board Remuneration Policy  2011, the variable compensation Executive Board members are  entitled to will be paid out over a number of years.  Over the performance year 2013, Mr. Wynaendts was awarded  EUR 1,031,635 in total conditional variable compensation.  Mr. Button was awarded EUR 467,665 3 . Mr. Nooitgedagt  was awarded EUR 433,959 4  total conditional variable  compensation  5 . Forty percent of variable compensation related to performance  year 2013 is payable in 2014. This will be split 50/50 in a cash  payment and in an allocation of shares.  Mr. Wynaendts and Mr. Button are eligible to receive  in 2014 a cash payment of EUR 206,327 and  EUR 93,533 respectively. The number of shares to be made available in 2014 is 41,961 for  Mr. Wynaendts and 19,146 for Mr. Button. With regard to  vested shares (with the exception of shares sold to meet income  tax obligations), a retention (holding) period is applicable for  a further three years, before they are at the disposal of the  Executive Board members. The remaining part of variable compensation for the performance  year 2013 (60% of the total, which for Mr. Wynaendts equates  to EUR 309,489 and 62,943 shares and for Mr. Button equates  to EUR 140,300 and 28,716 shares) is to be paid out in future  years, subject to ex-post assessments which may result in  downward adjustments and be subject to meeting additional  conditions. In each of the years 2015, 2016 and 2017, 20% of  the total variable compensation may be made available. Any  payout will be split 50/50 in a cash payment and an allocation  of shares (vesting). After vesting (with the exception of shares  sold to meet income tax obligations), a retention (holding) period  is applicable for a further three years, before shares are at the  disposal of the Executive Board members. No variable compensation from previous performance years  payable in 2013 has been adjusted downwards in 2013. No circumstances have been identified to lower payout of the  deferred payment from prior performance years that vests  in 2014 (the so called “ex post assessment”) or to lower the  payout of the up-front payment of the 2013 performance  year variable compensation that vests in 2014 (the so called  “ex-ante 3 assessment”). Impact of ex-ante and ex-post assessment on attribution  of variable compensation Conditional variable compensation awards 2013 107 Member 2013 2012 Alexander R. Wynaendts CEO & Chairman EB 1,049,156 1,049,156 Darryl D. Button CFO & Member EB 1) 474,789 - Jan J. Nooitgedagt CFO & Member EB (retired) 2) 433,959 743,930 3 Mr. Button was appointed as CFO and member of Aegon’s Executive Board per May 15, 2013. Conditional variable compensation is disclosed for the period that Mr. Button has been part of the Executive Board. 4 Mr. Nooitgedagt’s conditional variable compensation is reflective of his time with Aegon till retirement as per August 1, 2013. 5 Mr. Nooitgedagt’s variable compensation is paid out as follows. 40% equally split in cash (EUR 86,792) and shares (17,650) both vesting in 2014. The remaining part (60%, EUR 130,188 and 26,478 shares) will be split in thee equal parts and will vest in cash and shares in 2015, 2016 and 2017. The vested shares (with the exception of shares sold to meet income tax obligations) are subject to a three year retention (holding) period before they are at the disposal of Mr. Nooitgedagt.