The criteria for the number of stock appreciation rights or stock option rights to be offered to the members of the Executive Board are as follows: 1. Comparison of the AEGON share price with the share prices of a peer group of nine financial companies (ABN Amro, AIG, Allianz, AXA, Fortis, Generali, ING, Prudential PLC, and Zurich). The comparison is based on the share price performance over the preceding three years. 2. If the AEGON share price achieves a top three position, each Executive Board member will receive 200,000 rights, if it ranks in the bottom group (three companies) 50,000 rights will be granted and if it finishes in the middle group (of four companies) each Executive Board member will earn 100,000 rights. 3. If there is no increase in earnings per share, no options will be granted. At the balance sheet date, J.B.M. Streppel had a 5% mortgage loan of EUR 680,700, and A.R. Wynaendts had two mortgage loans, totaling EUR 635,292 with interest rates of 3.9% and 4.1% respectively. In accordance with the terms of these contracts no principal repayments were received on these loans in 2003. The terms of these loans have not been amended. STOCK OPTIONS INCLUDING STOCK APPRECIATION RIGHTS OF ACTIVE MEMBERS OF THE SUPERVISORY BOARD Stock Stock options Exercise Market options Exercise Balance at price price Balance at price January 1 EUR Lapsed Date EUR December 31 EUR K.J. Storm 200,000 29.02 200,000 — — — — 200,000 46.95 0 — — 200,000 46.95 200,000 34.50 0 — — 200,000 34.50 100,000 34.84 0 — — 100,000 34.84 The options have been granted by reason of membership in the Executive Board in the related years. COMMON SHARES HELD BY THE SUPERVISORY BOARD MEMBERS Shares held in AEGON at December 31, 2003 M. Tabaksblat 7,644 T. Rembe 6,658 K.J. Storm 276,479 F.J. de Wit 7,624 TOTAL 298,405 28 INVESTMENT CHARGES Non- Life Non-life technical Total 2003 Investment expenses and interest charges 217 3 642 862 2002 Investment expenses and interest charges 271 2 691 964 2001 Investment expenses and interest charges 242 6 806 1,054 AEGON GROUP ANNUAL REPORT 2003 119