ageas SA/NV

Major Shareholding Notification • Mar 5, 2020

PRESS RELEASE

Brussels, 5 March 2020 – 17:40 (CET)

Ageas and BlackRock: Transparency notification

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 4 March 2020 that, on 3 March 2020, its interest has exceeded the legal threshold of 5% of the shares in the section 10A issued by Ageas. Its current total shareholding stands at 5.17%.

Reason for the notification Acquisition or disposal of voting securities or voting rights

Notification by A parent undertaking or a controlling person

Persons subject to the notification requirement See annex 1a

Date on which the threshold is crossed 3 March 2020

Threshold that is crossed (in %) 5% shares

Denominator 198,374,327

Notified details See annex 1b

Chain of controlled undertakings through which the holding is effectively held, if applicable The full chain of command can be found on https://www.ageas.com/investors/shareholders

Additional information

The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. (section 10A) going above 5%.

* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

REGULATED INFORMATION

EURONEXT BRUSSELS Ticker: AGS ISIN: BE0974264930

MEDIA CONTACT +32 (0)2 557 57 36

INVESTOR RELATIONS +32 (0)2 557 57 32

Ageas Rue du Marquis 1 1000 Brussels - Belgium www.ageas.com

@AgeasGroup

ANNEX 1a

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG	Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street, Melbourne, VIC 3000, Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC	1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

ANNEX 1b

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	23,292	23,292		0.01%
BlackRock (Singapore) Limited	8,563	8,563		0.00%
BlackRock Advisors (UK) Limited	1,612,946	1,908,401		0.96%
BlackRock Advisors, LLC	110,543	110,377		0.06%
BlackRock Asset Management Canada Limited	141,705	143,845		0.07%
BlackRock Asset Management Deutschland AG	310,103	308,255		0.16%
BlackRock Asset Management North Asia Limited	28,795	27,155		0.01%
BlackRock Financial Management, Inc.	114,248	96,703		0.05%
BlackRock Fund Advisors	3,151,058	3,140,821		1.58%
BlackRock Institutional Trust Company, National Association	2,906,691	2,937,800		1.48%
BlackRock International Limited	3,819	3,819		0.00%
BlackRock Investment Management (Australia) Limited	73,593	73,593		0.04%
BlackRock Investment Management (UK) Limited	412,056	428,776		0.22%
BlackRock Investment Management, LLC	713,115	629,341		0.32%
BlackRock Japan Co., Ltd.	172,900	169,075		0.09%
Subtotal	9,783,427	10,009,816		5.05%
	TOTAL	10,009,816	0	5.05%	0.00%

B) Equivalent financial instruments		After the transaction
Holders of equivalent financial instruments	Type of financial instrument		Expiration date Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
BlackRock Advisors (UK) Limited	Securities Lent			38,578	0.02%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			4,331	0.00%	physical
BlackRock Advisors, LLC	Contract for Difference			28,566	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			11,371	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			1,078	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			168,837	0.09%	cash
	TOTAL			252,761	0.13%

TOTAL (A & B)		# of voting rights % of voting rights
	CALCULATE	10,262,577	5.17%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 3 March 2020 that, on 28 February 2020, its interest has fallen below the legal threshold of 5% of the shares in the section 10A issued by Ageas. Its current total shareholding stands at 5.15%.

Reason for the notification Acquisition or disposal of voting securities or voting rights

Notification by A parent undertaking or a controlling person

Persons subject to the notification requirement See annex 1c

Date on which the threshold is crossed 28 February 2020

Threshold that is crossed (in %) 5% shares

Denominator 198,374,327

Notified details See annex 1d

Chain of controlled undertakings through which the holding is effectively held, if applicable The full chain of command can be found on https://www.ageas.com/investors/shareholders

Additional information

The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. (section 10A) going below 5%.

* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

ANNEX 1c

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG	Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street, Melbourne, VIC 3000, Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC	1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

ANNEX 1d

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	23,292	23,292		0.01%
BlackRock (Singapore) Limited	8,563	8,563		0.00%
BlackRock Advisors (UK) Limited	1,694,942	1,612,946		0.81%
BlackRock Advisors, LLC	110,543	110,543		0.06%
BlackRock Asset Management Canada Limited	141,629	141,705		0.07%
BlackRock Asset Management Deutschland AG	313,463	310,103		0.16%
BlackRock Asset Management North Asia Limited	30,205	28,795		0.01%
BlackRock Financial Management, Inc.	114,090	114,248		0.06%
BlackRock Fund Advisors	3,176,303	3,151,058		1.59%
BlackRock Institutional Trust Company, National Association	2,910,429	2,906,691		1.47%
BlackRock International Limited	3,819	3,819		0.00%
BlackRock Investment Management (Australia) Limited	73,593	73,593		0.04%
BlackRock Investment Management (UK) Limited	437,017	412,056		0.21%
BlackRock Investment Management, LLC	758,302	713,115		0.36%
BlackRock Japan Co., Ltd.	160,595	172,900		0.09%
Subtotal	9,956,785	9,783,427		4.93%
	TOTAL	9,783,427	0	4.93%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument		Expiration date Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
BlackRock Advisors (UK) Limited	Securities Lent			163,196	0.08%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			51,455	0.03%	physical
BlackRock Advisors, LLC	Contract for Difference			28,566	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			11,371	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			1,078	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			168,837	0.09%	cash
	TOTAL			424,503	0.21%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,207,930	5.15%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 2 March 2020 that, on 27 February 2020, its interest has exceeded the legal threshold of 5% of the shares in the section 10A issued by Ageas. Its current total shareholding stands at 5.24%.

Reason for the notification Acquisition or disposal of voting securities or voting rights

Notification by A parent undertaking or a controlling person

Persons subject to the notification requirement See annex 1e

Date on which the threshold is crossed 27 February 2020

Threshold that is crossed (in %) 5% shares

Denominator 198,374,327

Notified details See annex 1f

Chain of controlled undertakings through which the holding is effectively held, if applicable The full chain of command can be found on https://www.ageas.com/investors/shareholders

Additional information

The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. (section 10A) going above 5%.

* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

ANNEX 1e

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG	Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street, Melbourne, VIC 3000, Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC	1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

ANNEX 1f

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	23,292	23,292		0.01%
BlackRock (Singapore) Limited	8,563	8,563		0.00%
BlackRock Advisors (UK) Limited	1,355,291	1,694,942		0.85%
BlackRock Advisors, LLC	110,543	110,543		0.06%
BlackRock Asset Management Canada Limited	140,856	141,629		0.07%
BlackRock Asset Management Deutschland AG	315,836	313,463		0.16%
BlackRock Asset Management North Asia Limited	27,155	30,205		0.02%
BlackRock Financial Management, Inc.	113,848	114,090		0.06%
BlackRock Fund Advisors	3,186,594	3,176,303		1.60%
BlackRock Institutional Trust Company, National Association	2,931,377	2,910,429		1.47%
BlackRock International Limited	3,819	3,819		0.00%
BlackRock Investment Management (Australia) Limited	73,734	73,593		0.04%
BlackRock Investment Management (UK) Limited	366,767	437,017		0.22%
BlackRock Investment Management, LLC	646,846	758,302		0.38%
BlackRock Japan Co., Ltd.	286,731	160,595		0.08%
Subtotal	9,591,252	9,956,785		5.02%
	TOTAL	9,956,785	0	5.02%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument		Expiration date Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
BlackRock Advisors (UK) Limited	Securities Lent			180,679	0.09%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			55,476	0.03%	physical
BlackRock Advisors, LLC	Contract for Difference			28,566	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			11,371	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			1,078	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			168,837	0.09%	cash
	TOTAL			446,007	0.22%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,402,792	5.24%

This press release and the notifications received by Ageas are available on the website.

Ageas is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 45,000 people and reported annual inflows of over EUR 34 billion in 2018 (all figures at 100%).