A highly rated, EU-based note programme secured by a diversified pool of assets and capital, and guaranteed by AEGON Financial Assurance Ireland Limited (AFA). AFA capital is supported by a net worth maintenance agreement from AEGON N.V. and AFA liabilities are reinsured by AEGON Schadeverzekering N.V., an integral part of AEGON Netherlands. Any person who is not a party to the net worth maintenance and reinsurance agreements has no right to enforce their provisions.

Facts at-a-glance

Notes issued by AGIM

• AGIM is a limited purpose operating company based in Dublin.
• Notes are secured by a floating charge on a diversified asset pool for the benefit of noteholders.
• 1% minimum capital requirement at issuance.
• As a result of a decision by Aegon N.V. in the first quarter of 2009 to seek to reduce spread based balances in its U.S.-based Institutional Markets Division, AGIM will not issue any new notes.

Notes guaranteed by AFA

• AFA is a non-life insurance company based in Dublin and regulated by the Financial Regulator in Ireland.
• AFA is licensed to write credit, suretyship, financial guarantee, and miscellaneous financial loss insurance.
• 3% minimum capital requirement at issuance.

Programme support provided by AEGON N.V. and AEGON Schadeverzekering

• AFA capital supported by AEGON N.V. under a net worth maintenance agreement.
• AEGON N.V. has made available to AGIM a $500 million liquidity facility.
• All AFA liabilities will be reinsured to AEGON Schadeverzekering, a non-life insurance company which is an integral part of AEGON Netherlands.
• Any person who is not a party to these agreements has no right to enforce their provisions.

Support from AEGON USA business units

• AEGON USA Investment Management, LLC and AEGON USA Realty Advisors, Inc. oversee asset management.
• AEGON Institutional Markets provides asset/liability, liquidity, and risk management oversight, as well as legal, accounting, and customer service support.