Aegon N : AGM Presentation

Welcome - Welkom

Annual General Meeting of Shareholders

Algemene Vergadering van

Aandeelhouders

The Hague, May 15, 2020

Helping people achieve a lifetime of financial security

William L. Connelly

Chairman of the Supervisory Board

Voorzitter van de Raad van Commissarissen

2

Welcome to the Annual	Welkom bij de jaarlijkse
General Meeting of	Algemene Vergadering van
Shareholders	Aandeelhouders

3

Agenda item 1 │ Agendapunt 1

OpeningOpening

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		4

Agenda item 2 │ Agendapunt 2

2019	Presentatie over de gang
Business overview	van zaken in 2019

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		5

Living up to our purpose in testing times

Alex Wynaendts

CEO & Chairman of the Executive Board

The Hague, May 15, 2020

Helping people achieve a lifetime of financial security

Today's storyline

• Impact ofCOVID-19
• • People
  • Customers
  • Operations
  • Financials
• Briefly looking back on 2019
• • Focus on growth and capital
  • Active portfolio management
  • Financial highlights
• Living up to our purpose

7

We are living in testing times

With huge impact on customers and employees

• COVID-19impacts:
• • People
  • Operations
  • Customers
  • Financials
• Main responsibilities:
• • Ensuring safety of our employees
  • Fulfilling promises to our customers by maintaining strong capital position
  • Supporting our communities

8

Our response to COVID-19 crisis

Health and safety of employees primary responsibility; continued operations

• Crisis management
• • Effective crisis management governance in place; global guidance - local implementation
• Working from home
• • Stable working from home environment was enabled for all our employees across the world
• Engagement
• • Global framework introduced to sustainwell-being, engagement and productivity of employees

• Continuity of critical services ensured
• • While working from home
• Business continuity of critical outsourcing partners
• • Shown to be robust
• Enhancing use of digital solutions
• • For answering customer questions

9

Our response to COVID-19 crisis

Providing guidance and financial relief to our customers

•Ensuring uninterrupted customer service

−Increased customer appraisal

• No material pandemic exclusions
• • After outbreak,COVID-19 coverage included in critical illness product China

• Providing premium payment and fee

flexibility

• • Case-by-caseapproach for insurance, pensions and mortgages
• Offering relevant solutions and advice
• • Launch oftele-health in Spain and Portugal providing 24 hrs. medical advice for free

10

Our response to COVID-19 crisis

Supporting our communities

• Our businesses responded with local initiatives for immediate support

• For a total of over EUR 1 million to date
• Initiatives include:

US:providing protective gear to frontline healthcare workers

Across Europe:donating medical supplies and food to the elderly and helping supply protective gear to healthcare workers

UK:dedicated corporate donation for local charity to be decided by employees

NL:support healthcare workers	Asia:supporting
insurance; laptops for children	hospitals and relief
for home schooling	and developments
	organizations,
	supplying personal
	protective equipment
	and promoting health
	education

11

Execution of strategy in 2019

• Environment remained challenging
• • Persistent low interest rates in our key markets
  • Customers impacted by economic uncertainty
  • Growing need for solidarity and financial security
• Further simplified our organization
• • Reorganization of US businesses
  • Aegon International launched
• Investing in the future
• • Responsible business
  • Leveraging technology
  • Build-upanalytics capabilities

12

Continued focus on growth and capital in 2019

•Improved commercial momentum while we continued to invest in customer services

• Increase in Life, Accident & Health sales and gross deposits during the year

•Capturing opportunities in fast-growing markets

−Financial protection and investment management in India and China

•Strong normalized capital generation of EUR 1.6 billion over 2019

−Up 12% compared with 2018

•Solid Group Solvency II ratio of 201% per year-end 2019

−All business units also strongly capitalized

13

Successfully optimizing our portfolio

Underlying earnings before tax(in EUR million, FY2019)

Manage for Value				Drive for Growth
•Reinsured a quarter of longevity risk in				•Positive momentum in Life and Accident
	the Netherlands				& Health sales, as well as gross deposits
•	New own employee pension plan protects	35%	€ 1,973		•Eighth consecutive full year of positive
	capital position and reduces volatility		55%	external third-party net inflows for Aegon
		million
•	Successful transfer of policy			Asset Management
	administration to Atos in the UK				•Realized targeted expense savings from
			10%		Cofunds integration

Scale-up for Future

• Continue expanding our digital platforms
• • New partnership with a largee-commerce player in China, driving sales growth
• Agreed partnership with leading mobile wallet MobiKwik in India to launch smart digital insurance product

•Completed divestment of variable annuity joint ventures in Japan	14

Purpose more relevant than ever before

As already recognized 175 years ago

Purpose	Helping people achieve a lifetime of
financial security

• Strategic transformation

Transformation•Financial transformation

• Organizational & cultural transformation

Financial	•	Solid balance sheet
strength	•	Strong liquidity position

To continue to live up to our purpose - also in

these testing times

15

Agenda item 3 │ Agendapunt 3

Annual Report and	Jaarverslag en
Annual Accounts 2019	jaarrekening 2019

16

Agenda item 3.1 │ Agendapunt 3.1

Reports of the Boards	Verslagen van de
for 2019	Raad van Bestuur en de
	Raad van Commissarissen
	over 2019

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		17

Our financial performance in 2019

Matt Rider

CFO & Member of the Executive Board

The Hague, May 15, 2020

Helping people achieve a lifetime of financial security

Today's storyline

• Financial highlights 2019
• Key performance indicators 1Q 2020
• Balance sheet preservation
• Target outlook

19

Financial highlights 2019

IFRS	Capital position
	per year-end

Underlying earnings	Group solvency ratio
EUR 1,973 million	201%
-5% compared with 2018	-10pp compared with 2018

Net income	Holding excess cash
EUR 1,528 million	EUR 1,192 million
Up EUR 784 million from 2018	Within target range

Return on equity	Gross financial leverage
9.5%	28.5%
-70bp compared with 2018	-70bp compared with 2018

Capital generation and

dividend

Capital generation1

EUR 1,569 million

+12% compared with 2018

Gross remittances

to holding

EUR 1,365 million2

Dividend per share3

EUR 0.15

1. Capital generation excluding market impact and one-time items after holding funding & operation expenses

20

1. Excludes EUR 100 million remittances by Aegon the Netherlands to the Group in February 2020; EUR 1,518 million including sale of stake in Japan JVs
2. On April 2, 2020, EIOPA and DNB published statements urging insurers to temporarily postpone all dividend distributions. Proposed final 2019 dividend of EUR 0.16 per share was subsequently cancelled on April 3, 2020

Our key performance indicators in 1Q 2020

Underlying earnings	Net income	Normalized capital	Group Solvency II	Holding excess
before tax		generation	ratio	cash

€ 366 million

€ 1,270 million

€ 311 million

208%

€ 1,379 million

21

Solid capital position in units and at Group level

Group Solvency II ratio

201%	208%
200%
	Target range
	150%
Year-end	March
2019	31, 2020

Group Solvency II ratio at March 31, 2020

• Group Solvency II ratio slightly above the target range supported by normalized capital generation
• Benefit from rising credit spreads, in particular in the Netherlands, were partly offset by adverse market movements in the US

Group Solvency II ratio at the end of April

• Estimated at 190% to 200%
• Mainly driven by narrowing of credit spreads

Solvency II ratio main units at March 31, 2020

• All main units above thebottom-end of their respective target ranges
• Decline in US RBC ratio is mainly due to lower interest rates and equity markets
• Increase in NL Solvency II ratio mainly due to widening of credit spreads
• Stable UK Solvency II ratio reflecting balance sheet light business model

Local solvency ratio by unit

Year-end 2019 and 1Q 2020

US - RBC

470%376%

NL - SII

171% 249%

UK - SII 157% 160%

Notes: 1. Numbers are based on management's best estimates, 2. Bottom-end of the target range US = 350% RBC; bottom-end of the target range NL = 155% Solvency II; bottom-end of	22
the target range UK = 145% Solvency II

Protecting the economic value of the balance sheet

Management actions

Hedging and	Underwriting	Capital
asset allocation	and pricing	preservation

• Rebalanced macro equity hedge to increase downside protection and control hedging costs towards a more linear protection
• Increasing focus of reinvestments on higher rated credit (>55% A rated or higher) in areas less affected by theCOVID-19 crisis
• Focusing on new issuances in corporate bonds to benefit from higher spreads
• Increasing scrutiny and monitoring in potentiallycrisis-affected asset classes

• Variable annuity repricing in 2Q20 to lead to lower withdrawal rates and lower guarantees
• Launched a new variable annuity product on BaNCS platform with principal protection and upside potential suited for these markets
• Specific new business underwriting requirements introduced, e.g.
• • Restricting coverage for new policies for certain age groups in the US
  • Postponements of certain coverages with confirmedCOVID-19 exposure in US
  • Adjusted underwriting criteria in travel and income protection in Netherlands

• Legal merger of core US Life entities improving asset adequacy testing sufficiency
• Continuing to pursue options for accelerating capital generation in Manage for Value businesses
• Increasing focus on operational excellence to preserve earnings and therewith capital generation, including limiting project and discretionary spend as far as possible

23

Focus on maintaining solid financial position despite challenging conditions

Financial position and outlook

(March 31, 2020)

Group Solvency II ratio

208%

Holding excess cash

EUR 1.4 billion

Return on Equity target

Very unlikely to reach 10%

return on equity target in 2020 given

the extraordinary circumstances

Other medium-term targets

Difficult to provide a full assessment

of COVID-19 related impacts on

medium-term targets

24

Agenda item 3.1 │ Agendapunt 3.1

Reports of the Boards	Verslagen van de
for 2019	Raad van Bestuur en de
	Raad van Commissarissen
	over 2019

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		25

Agenda item 3.2 │ Agendapunt 3.2

Annual Accounts 2019 and	Jaarrekening 2019 en rapport
report independent auditor	van de onafhankelijke
	accountant

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		26

Gert-Jan Heuvelink

15 May 2020

Presentation by PwC

15 May 2020

Audit of Aegon's 2019 Financial Statements

• Audit opinion(refer to pages 328 to 336 of the Annual Report)
• Materiality
• Scope of our group audit
• Risk of fraud andnon-compliance with laws and regulations
• Key audit matters:
• • Valuation of certain assets and liabilities arising from insurance contracts
  • Valuation of certain level 3 investments
  • Uncertainties in policyholder claims and litigation
• Subsequent event procedures /Covid-19 outbreak
• Other information included in the Annual Report

	15 May 2020
PwC	29

Agenda item 3.2 │ Agendapunt 3.2

Annual Accounts 2019 and	Jaarrekening 2019 en rapport
report independent auditor	van de onafhankelijke
	accountant

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		30

Agenda item 3.3 │ Agendapunt 3.3

Remuneration Report 2019

Remuneratierapport 2019

This item will be subject to an advisory vote / Over dit agendapunt wordt een adviserende stem uitgebracht		31

Ben Noteboom

Chairman of the Remuneration Committee

Voorzitter van de Remuneratie Committee

32

Supervisory Board Remuneration Policy 2019

2019 Supervisory Board fees

Fees	Scope
Base Fee	Supervisory Board membership

	Risk or Audit Committee membership
	Membership of other Committees
Attendance Fee	Committee meetings
	For extra Supervisory Board meetings (>6)
Travel Fee	To attend Supervisory Board (Committee)
	meeting

Amount(in EUR)

80,000 per year - Chairman

50,000 per year - Vice-Chairman

40,000 per year - Members

13,000 per year - Chairman

8,000 per year - Members

10,000 per year - Chairman

5,000 per year - Members

3,000 per meeting

3,000 per meeting

2,000 for continental or US-interstate travel

4,000 for intercontinental travel

33

Supervisory Board remuneration in 2019

Remuneration received in 2019

In EUR thousands	Base Fee	Attendance Fee	Travel Fee	Total
Connelly	95	54	20	169
Ellman	56	39	20	115
Noteboom	58	39	6	103
Van der Veer	58	54	6	118
Wortmann - Kool	63	54	6	123
Young	66	66	26	158
Dineen*	40	27	12	79
Total	436	333	96	865

* Up to October 11, 2019

34

Executive Board Remuneration Policy 2019

Compensation and benefit overview

Component	Details
Fixed compensation	Paid in monthly installments
Variable compensation	Target/maximum: 80%/100% of fixed compensation
	Pay-out:
	•40% upfront
	•60% deferred, tranche vesting over 3-yr period (3x 20%)
	•Each portion paid 50:50 in cash/shares
	•All shares subject to additional 3-year holding period

Pension	40% of fixed compensation*
	28% of fixed compensation - grandfathered arrangement Mr. Wynaendts
Other benefits	E.g. company car, social security and tax paid by employer
* Up to May 2019, an end of term arrangement applied to Mr. Wynaendts.		35

Executive Board remuneration in 2019

Remuneration received in relation to 2019

In EUR thousands	Fixed	Variable**	Pension	Benefits	Total
Wynaendts*	1,314	1,048	1,302	252	3,916
Rider	931	743	373	77	2,124
Total	2,245	1,791	1,675	329	6,040

* Pension Mr. Wynaendts: includes Jan-May end of term arrangement, June-Dec 40% of fixed compensation.	36
** Awarded in relation to 2019 performance year (to be paid in 2020-2023).

Executive Board variable compensation in 2019

2019 Aegon results for calculation Executive Board variable compensation

37

Executive Board variable compensation in 2019 (cont'd)

2019 results Mr. Wynaendts for variable compensation calculation

38

Executive Board variable compensation in 2019 (cont'd)

2019 results Mr. Rider for variable compensation calculation

39

Executive Board remuneration in 2020

Annualized remuneration levels per January 2020

In EUR thousands	Fixed	Variable	Pension	Total
Wynaendts	1,327	Target:	80%	40%	Target: 3,318
	+ 2% allowance*	Max: 100%	+ 28%*	Max: 3,584
Friese **	1,485	Target:	80%	40%	Target: 3,267
		Max: 100%		Max: 3,564
Rider	941	Target:	80%	40%	Target: 2,070
		Max: 100%		Max: 2,258

* Grandfathered arrangements (2% allowance and 28% pension).

** When appointed. Received a separate sign-on arrangement of EUR 1.25 mln in March 2020 when hired, which is split in (almost) half cash and the other half in Aegon shares. Half of the sign-on payment has been paid upfront and the other half is deferred to vesting dates in future years.

40

Agenda item 3.3 │ Agendapunt 3.3

Remuneration Report 2019

Remuneratierapport 2019

This item will be subject to an advisory vote / Over dit agendapunt wordt een adviserende stem uitgebracht		41

Agenda item 3.4 │ Agendapunt 3.4

Adoption of the	Vaststelling van de
Annual Accounts 2019	jaarrekening 2019

42

Agenda item 3.5 │ Agendapunt 3.5

DividendDividend

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		43

Dividend

• In its Annual Report 20191), Aegon proposed a final 2019 dividend of EUR 0.16 per common share and EUR 0.004 per common share B, absent further deterioration of the market circumstances, and based on the assessments made at that time
• Subsequently, Aegon decided to forego the 2019 final dividend to comply with the call2)made by EIOPA and DNB
• Therefore, the total dividend for financial year 2019 is the interim dividend of EUR 0.15 per common share and EUR 0.00375 per common share B, paid in September 2019
• Aegon will review opportunities for returning capital to its shareholders as soon as appropriate
• Aegon will take a decision on the 2020 interim dividend in August 2020 in line with our dividend policy, taking circumstances and outlook at that time into consideration

1)The Annual Report 2019 was published on March 18, 2020.

44

1. On April 2, 2020, EIOPA and DNB published statements urging insurers to temporarily postpone all dividend distributions.

Agenda item 3.5 │ Agendapunt 3.5

DividendDividend

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		45

Agenda item 4 │ Agendapunt 4

Release from liability

Kwijting

46

Agenda item 4.1 │ Agendapunt 4.1

Release from liability for the	Verlenen van kwijting aan de
members of the	leden van de Raad van Bestuur
Executive Board for their duties	voor de uitoefening van hun
performed during 2019	taak in 2019

47

Agenda item 4.2 │ Agendapunt 4.2

Release from liability for the	Verlenen van kwijting aan de
members of the	leden van de Raad van
Supervisory Board for their	Commissarissen voor de
duties performed during 2019	uitoefening van hun taak in
	2019

48

Agenda item 5 │ Agendapunt 5

RemunerationRemuneratie

49

Ben Noteboom

Chairman of the Remuneration Committee

Voorzitter van de Remuneratie Committee

50

Agenda item 5.1 │ Agendapunt 5.1

Adoption of the Remuneration	Vaststelling van het
Policy for members of the	remuneratiebeleid voor de
Executive Board	leden van de Raad van Bestuur

51

Proposed Executive Board Remuneration Policy

Main change 1: Increase alignment with shareholders by increasing shares in pay-mix

Component

Current

Proposed

Pay-mix of

variable compensation

50%	33.33%
in cash
in cash
50%	66.67%
in Aegon
in Aegon	shares
shares

52

Proposed Executive Board Remuneration Policy (cont'd)

Main change 2: Simplification by moving from tranche-vesting to cliff-vesting

Component

Current

Proposed

Vesting schedule of

Yr 0

+1

+2

+3

+4

+5

+6

Yr 0

+1

+2

+3

+4

+5

variable compensation

20%

33.3%

20%

3 years

10%

10%

3 years

10%

66.7%

2 years

10%

3 years

10%

10%

3 years

Cash

Cash

Shares

Holding period

Shares

Holding period

53

Proposed Executive Board Remuneration Policy (cont'd)

Main change 3: Increase long-term focus with introduction 3-year performance period

Component	Current		Proposed
Performance period	•1 year for all indicators	•	3 years for at least 20% of indicators
		•	1 year for all other indicators

Illustration of proposal

(t-2)	(t-1)	Plan	(t+1)	(t+4)	(t+6)
		year (t)
3-year performance	One variable		33.33% upfront
				in cash
			compensation
		1-yearAllocation	award	Pay-out	66.67%	2-year
		perfor	-		deferred
		mance		in Aegon	holding period
		for plan year (t)
				shares	54

Proposed Executive Board Remuneration Policy (cont'd)

Main change 4: Increase transparency and stakeholder alignment with mandatory categories

Component	Current		Proposed
Performance indicator	•≥ 50% non-financial (by law)	•	≥ 50% non-financial (by law)
mix		•	Mandatory performance indicator
			categories

Proposed categories

Category	Examples of performance indicators
Shareholders	Relative Total Shareholder Return
Capital	Normalized Capital Generation, Solvency II ratio
Earnings	Return on Equity, Underlying Earnings, Earnings per Share
Sales	Market Consistent Value of New Business, Fees and Premium based Revenues, Annualized Revenue on Deposits
Stakeholders	Net Promotor Score, Products per Customer, Employee Training, Employee Turnover
ESG	Employee Engagement, Employee Diversity, Risk Management, Governance
Strategy	Strategy Execution	55

2020 Executive Board performance indicators

Based on proposed policy changes

2019 performance indicators

2020 performance indicators

Category

Aegon financial

Aegon non- financial

Personal

Performance indicators

Net Deposits

Normalized Capital Generation

Return on Equity

Market Consistent Value of New Business Solvency II ratio

Underlying Earnings Before Tax

New Life Sales

Relational Net Promotor Score

Digitally connected customers

Strategy execution

Control environment

Succession planning

Cultural transformation

Mandatory category	Performance indicators
Shareholders	Relative TSR
Capital	Normalized Capital Generation
Earnings	Return on Equity
Sales	Market Consistent Value of New Business
	Fees and Premium based Revenues
Stakeholders	Relational Net Promotor Score
Strategy	Execution of key strategic projects
	Personal indicators: CEO handover, strategy
	execution and transformation projects
ESG	Personal indicators: employee engagement,
	diversity & inclusion and control environment

56

Proposed Executive Board Remuneration Policy (cont'd)

Summary of main remuneration elements

Component	Details
Total remuneration	•Internal references: Management Board and general employee
level	population
	•External references: market trends, inflation, European insurance
	peer group, Dutch AEX peer group
Fixed compensation	•Base Fee: In cash, optionally in shares
Variable compensation	•Target: 80% of fixed compensation
	•Maximum: 100% of fixed compensation
	•Subject to collective plan rules, incl. malus and claw back clauses
Pension	•40% of fixed compensation
Other benefits	•E.g. company car, social security and tax paid by employer.

57

Agenda item 5.2 │ Agendapunt 5.2

Adoption of the Remuneration	Vaststelling van het
Policy for members of the	remuneratiebeleid voor de
Supervisory Board	leden van de
	Raad van Commissarissen

58

Proposed Supervisory Board Remuneration Policy

Main policy changes

Component	Current
Fees	•2019 fee
	levels

Policy-considerations

•Not included

Proposed

• No change to 2019 Fee levels
• Option to index the Fees each year for economic developments (e.g. inflation)
• Any Fee change exceeding this level or change in the scope of a Fee, still requires Shareholder approval
• Explanation how the Policy contributes to Aegon's strategy,long-term interests and sustainability
• Explanation how the Supervisory Board took Aegon's identity, purpose, values and stakeholder environment into account when drafting the Policy

59

Agenda item 5 │ Agendapunt 5

RemunerationRemuneratie

60

Agenda item 6 │ Agendapunt 6

Composition of the	Samenstelling van de
Supervisory Board	Raad van Commissarissen

61

Agenda item 6.1 │ Agendapunt 6.1

Appointment of Mr. Thomas	Benoeming van de heer
Wellauer as member of the	Thomas Wellauer als lid van de
Supervisory Board	Raad van Commissarissen

62

Thomas Wellauer

• Age: 64
• Nationality: Swiss
• Main occupation
• • Non-executivedirector
• Main former occupation
• • COO of Swiss Re
• Membership of other Boards
• • Chairman of the Board of Directors of SIX(non-listed)
  • Chairman of the Board of Trustees of the University Hospital Zurich Foundation(non-listed)
  • Member of the Global Executive Board of the International Chamber of Commerce(non-listed)*

* The board membership at International Chamber of Commerce will end on June 30, 2020		63

Agenda item 6.1 │ Agendapunt 6.1

Appointment of Mr. Thomas	Benoeming van de heer
Wellauer as member of the	Thomas Wellauer als lid van de
Supervisory Board	Raad van Commissarissen

64

Agenda item 6.2 │ Agendapunt 6.2

Appointment of Mrs. Caroline	Benoeming van mevrouw
Ramsay as member of the	Caroline Ramsay als lid van de
Supervisory Board	Raad van Commissarissen

65

Caroline Ramsay

• Age: 57
• Nationality: British
• Main occupation
• • Senior finance and audit roles in Financial Services
• Main former occupation
• • Group Chief Auditor of RSA plc.
• Membership of other Boards
• • Non-ExecutiveAudit Committee Chair of Brit Syndicates Ltd. (non-listed)
  • Non-ExecutiveAudit Committee Chair of Standard Life UK Smaller Companies Trust plc.
  • Non-ExecutiveAudit Committee Chair of Tesco Underwriting Ltd. (non-listed)
  • Member of FCA Regulatory Decisions Committee and Member of the Payment Systems Regulator Enforcement Decisions Committee(non-listed)
  • Non-ExecutiveAudit Committee Chair of Scottish Equitable plc., Aegon UK, and Cofunds Ltd. (non-listed)*

* The board memberships at Scottish Equitable plc., Aegon UK, and Cofunds Ltd. will end should Mrs. Ramsay be		66
appointed to the Supervisory Board of Aegon N.V.

Agenda item 6.2 │ Agendapunt 6.2

Appointment of Mrs. Caroline	Benoeming van mevrouw
Ramsay as member of the	Caroline Ramsay als lid van de
Supervisory Board	Raad van Commissarissen

67

Agenda item 7 │ Agendapunt 7

Composition of the	Samenstelling van de
Executive Board	Raad van Bestuur

68

Agenda item 7.1 │ Agendapunt 7.1

Appointment of Mr. Lard Friese	Benoeming van de heer
as member of the	Lard Friese als lid van de
Executive Board	Raad van Bestuur

69

Lard Friese

• Age: 57
• Nationality: Dutch
• Shares in the company:
• • None
• Main former occupation:
• • Chair of the Executive Board and CEO of NN Group
• External Board membership that qualify under Act Management and Supervision:
• • None

70

Agenda item 7.1 │ Agendapunt 7.1

Appointment of Mr. Lard Friese	Benoeming van de heer
as member of the	Lard Friese als lid van de
Executive Board	Raad van Bestuur

71

Agenda item 8 │ Agendapunt 8

Cancellation, issuance, and	Intrekking, uitgifte en verkrijging
acquisition of shares	van aandelen

72

Agenda item 8 │ Agendapunt 8

1. Proposal to cancel common shares and common shares B
2. Authorization of the Executive Board to issue common shares with or withoutpre-emptive rights
3. Authorization of the Executive Board to issue shares in connection with a rights issue
4. Authorization of the Executive Board to acquire shares in the Company

1. Voorstel tot intrekking van gewone aandelen en gewone aandelen B
   Machtiging van de Raad van Bestuur tot uitgifte
2. van gewone aandelen met of zonder voorkeursrechten
   Machtiging van de Raad van Bestuur tot uitgifte
3. van gewone aandelen in verband met een claimemissie
4. Machtiging van de Raad van Bestuur tot verkrijging van eigen aandelen door de Vennootschap

73

Agenda item 9 │ Agendapunt 9

Any other business

Wat verder ter tafel komt

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		74

Agenda item 10 │ Agendapunt 10

ClosingSluiting

This item will not be voted upon / Over dit agendapunt wordt niet gestemd		75