307 Proposal for profit appropriation Major shareholders  General As of December 31, 2013, Aegon’s total authorized share capital consisted of 6,000,000,000 common shares with a par value of EUR  0.12 per share and 3,000,000,000 common shares B with a par value of EUR 0.12 per share. At the same date, there were  2,131,458,863 common shares and 579,005,440 common shares B issued. Of the issued common shares, 39,836,533 common shares  were held by Aegon as treasury shares and 1,471,377 treasury shares were held by its subsidiaries.  All of Aegon’s common shares and common shares B are fully paid and not subject to calls for additional payments of any kind. All of  Aegon’s common shares are registered shares. Holders of shares of New York registry hold their common shares in the registered form  issued by Aegon’s New York transfer agent on Aegon’s behalf. Shares of New York registry and shares of Netherlands registry are  exchangeable on a one-to-one basis and are entitled to the same rights, except that cash dividends are paid in US dollars on shares of  New York registry.  In order to reflect the prevailing market price of Aegon N.V. common shares fully within the indication provided, the number of dividend  coupons that give entitlement to a new common share of EUR 0.12 will be determined on June 13, 2014 after 5.30 pm, based on the  average share price on NYSE Euronext Amsterdam in the five trading days from June 9, 2014 up to and including June 13, 2014.  If the proposed dividend is approved by shareholders, Aegon shares will be quoted ex-dividend on May 23, 2014. The record date for  the dividend will be May 27, 2014. Shareholders can elect to receive a dividend in cash or in shares during the dividend election period,  which will run from May 30, 2014 up to and including June 13, 2014. The dividend will be payable as of June 20, 2014. At the Annual General Meeting of shareholders on May 21, 2014, the Executive Board will, absent unforeseen circumstances, propose a  final dividend for 2013 of EUR 0.11 per Common Share and EUR 0.00275 per 40 Common Shares B. The final dividend will be paid in  cash or stocks at the election of the shareholder. The value of the stock dividend will be approximately equal to the cash dividend. Appropriation of profit will be determined in accordance with the articles 31 and 32 of the Articles of Association of Aegon N.V. The  relevant provisions read as follows: 1. The General Meeting of Shareholders shall adopt the annual accounts. 2. If the adopted profit and loss account shows a profit, the Supervisory Board may decide, upon the proposal of the Executive Board,  to set aside part of the profit to augment and/or form reserves. 3. The profits remaining after application of 2 above shall be put at the disposal of the General Meeting of Shareholders. The  Executive Board, subject to the approval of the Supervisory Board, shall make a proposal for that purpose. A proposal to pay a  dividend shall be dealt with as a separate agenda item at the General Meeting of Shareholders. 4. The Executive Board may, subject to the approval of the Supervisory Board, make one or more interim distributions to the holders of  common shares and common shares B. 5. Distributions are made in accordance with the principle as laid down in article 4 of the Articles of Association of Aegon N.V. that the  financial rights attaching to a Common Share B are one-fortieth (1/40 th ) of the financial rights attaching to a Common Share. 6. The Executive Board may, subject to the approval of the Supervisory Board, decide that a distribution on common shares and  common shares B shall not take place as a cash payment but as a payment in common shares, or decide that holders of common  shares and common shares B shall have the option to receive a distribution as a cash payment and/or as a payment in common  shares, out of the profit and/or at the expense of reserves, provided that the Executive Board is designated by the General Meeting  to issue shares. Subject to the approval of the Supervisory Board, the Executive Board shall also determine the conditions applicable  to the aforementioned choices. 7. The company’s policy on reserves and dividends shall be determined and can be amended by the Supervisory Board, upon the  proposal of the Executive Board. The adoption and thereafter each amendment of the policy on reserves and dividends shall be  discussed and accounted for at the General Meeting of Shareholders under a separate agenda item. 2013 2012 Dividend on preferred shares - 59 Final dividend on common shares 232 214 Earnings to be retained 614 1,308 Net income attributable to equity holders of Aegon N.V. 846 1,581