MEMBERS OF THE EXECUTIVE BOARD OF AEGON N.V. Donald J. Shepard (1946), American nationality, started his career with Life Investors in 1970. Serving in various management and executive functions with Life Investors, he became executive vice-president and chief operating officer in 1985, a position he held until AEGON consolidated its other United States operations with Life Investors to form AEGON USA in 1989. He became a member of the Executive Board in 1992. As per April 18, 2002 he became chairman of the Executive Board of AEGON N.V. Joseph B.M. Streppel (1949), Dutch nationality, started his career in 1973 at one of AEGON’s predecessors in several treasury and investment positions. In 1986 he became CFO of FGH BANK and in 1987 he joined the Executive Board of FGH BANK. In 1991 he became chairman and CEO of Labouchere and in 1995 also of FGH BANK. In 1998 he became CFO of AEGON N.V. Since May 2000 he has been a member of the Executive Board of AEGON N.V. Johan G. van der Werf (1952), Dutch nationality, started his career in 1973 as an officer in the Merchant Marine. In 1982 he joined one of the predecessors of AEGON as a district sales manager. From 1987 till 1992 he was chairman of the management board of Spaarbeleg and in 1992 he became a member of the management board of AEGON The Netherlands. As from 2002 he is a member of the Executive Board of  AEGON N.V. and CEO of AEGON The Netherlands. Alexander R. Wynaendts (1960), Dutch nationality, started his career with ABN AMRO in 1984 and had several assignments  in Asset Management (Amsterdam) and Corporate Finance (London). In 1997 he joined AEGON’s Group Business Development department and was promoted executive  vice-president and head of Group Business Development in  May 1998. In that position he was responsible for Asia. He is  a member of the Boards of AEGON UK, AEGON Spain and  ÁB-AEGON (Hungary). In 2003 he was appointed a member  of the Executive Board of AEGON N.V. AEGON GROUP ANNUAL REPORT 2003 8