AEGON MANAGEMENT BOARD AEGON’s Management Board was established at the beginning of 2007 to further strengthen the management of the Group’s worldwide business activities. Working alongside the Executive Board, the Management Board oversees a broad range of issues that impact AEGON’s international growth objectives. While the Executive Board remains AEGON’s sole statutory executive body, the Management Board provides vital support and expertise in pursuit of the Group’s strategic goals.

Donald J. Shepard

Chief Executive Officer, Chairman Executive Board

(1946, Nationality: US citizen)

Don Shepard began his career in 1970 with Life Investors Inc., an insurance holding company based in Cedar Rapids, Iowa. He held various management and executive positions before becoming Life Investors’ Executive Vice-President and Chief Operating Officer in 1985. In 1989, when Life Investors was consolidated with AEGON’s other US businesses, Mr. Shepard was appointed President and CEO of the newly created AEGON USA. In 1992, he became a member of AEGON’s Executive Board and in April 2002 was appointed Chairman. In addition to his position at AEGON, Mr. Shepard also serves as a member of the boards of directors at CSX Corporation and PNC Financial Services Group.

Joseph B.M. Streppel

Chief Financial Officer, Member Executive Board

(1949, Nationality: Dutch)

Jos Streppel started his career in 1973, occupying treasury and investment positions at one of AEGON’s predecessor companies in the Netherlands. In 1986, he became the Chief Financial Officer of FGH Bank, joining the bank’s Executive Board the following year. In 1991, Mr. Streppel was appointed Chairman and CEO of the merchant bank Labouchère. Four years later, he also became Chairman of FGH Bank. Mr. Streppel was named as AEGON’s Chief Financial Officer in 1998. In 2000, he was appointed to the Group’s Executive Board. In addition to his positions at AEGON, Mr. Streppel is a member of the Supervisory Boards of both Royal KPN N.V and Van Lanschot Bankiers N.V.

Alexander R. Wynaendts

Chief Operating Officer, Member Executive Board

(1960, Nationality: Dutch)

Alex Wynaendts began his career in 1984 with ABN Amro, working in Amsterdam and London in the Dutch bank’s capital markets, asset management, corporate finance and private banking operations. In 1997, Mr. Wynaendts joined AEGON as Senior Vice-President for Group Business Development. Since 2003, he has been a member of AEGON’s Executive Board, overseeing the Group’s international growth strategy. In April 2007, Mr. Wynaendts was named AEGON’s new Chief Operating Officer and in April 2008, Mr. Wynaendts will take over from Mr. Shepard as Chairman of AEGON’s Executive Board.

Patrick S. Baird

President and CEO of AEGON USA

(1954, Nationality: US citizen)

Pat Baird began his career at AEGON USA in 1976. He has served as Executive Vice-President and Chief Operating Officer, Chief Financial Officer and Director of Tax and was appointed to his current position in March 2002. Mr. Baird has been a member of AEGON’s Management Board since the beginning of 2007. Mr. Baird is also a member of the board of directors at QCR Holdings in the United States.

Otto Thoresen

CEO of AEGON UK

(1956, Nationality: British)

Otto Thoresen joined Scottish Equitable in 1978, where he qualified as an actuary and worked in a number of roles including marketing manager. He left Scottish Equitable in 1988 to take up various management and executive roles at UK insurers Abbey Life and Royal Insurance before returning to AEGON UK in 1994 as Development Director. In 2002, Mr. Thoresen was appointed Finance Director of AEGON UK before becoming the company’s CEO three years later. Mr. Thoresen has been a member of AEGON’s Management Board since the beginning of 2007.