ageas SA/NV

Major Shareholding Notification • Sep 30, 2019

PRESS RELEASE

Brussels, 30 September 2019 – 17:45 (CET)

Ageas and BlackRock: Transparency notification

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 27 September 2019 that, on 26 September 2019, its interest has fallen below the legal threshold of 5% of the shares issued by Ageas. Its current total shareholding stands at 4.98%.

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 26 September 2019

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. going below 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	100 Bellevue Parkway, Wilmington, DE, 19809, 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 Capital Management, Inc.	100 Bellevue Parkway, Wilmington, 19809, U.S.A.
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.	27,284	27,284		0.01%
BlackRock (Singapore) Limited	7,939	7,939		0.00%
BlackRock Advisors (UK) Limited	1,221,798	1,541,018		0.78%
BlackRock Advisors, LLC	114,326	114,326		0.06%
BlackRock Asset Management Canada Limited	146,698	146,698		0.07%
BlackRock Asset Management Deutschland AG	285,351	285,351		0.14%
BlackRock Asset Management North Asia Limited	24,329	23,460		0.01%
BlackRock Capital Management, Inc.	318	7		0.00%
BlackRock Financial Management, Inc.	35,489	35,489		0.02%
BlackRock Fund Advisors	3,063,506	3,063,506		1.54%
BlackRock Institutional Trust Company, National Association	2,866,145	2,872,285		1.45%
BlackRock International Limited	4,181	4,181		0.00%
BlackRock Investment Management (Australia) Limited	55,731	55,731		0.03%
BlackRock Investment Management (UK) Limited	483,946	524,344		0.26%
BlackRock Investment Management, LLC	368,359	367,296		0.19%
BlackRock Japan Co., Ltd.	185,359	237,473		0.12%
Subtotal	8,890,759	9,306,388		4.69%
	TOTAL	9,306,388	0	4.69%	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			334,287	0.17%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			37,961	0.02%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			3,627	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			14,426	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			14,931	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			938	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			162,553	0.08%	cash
BlackRock Investment Management, LLC	Depositary Receipt			76	0.00%
	TOTAL			568,799	0.29%

The totals will be updated once you have clicked on

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	9,875,187	4.98%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 26 September 2019 that, on 25 September 2019, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current total shareholding stands at 5.00%.

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 2a

Date on which the threshold is crossed 25 September 2019

Threshold that is crossed (in %) 5% shares

Denominator 198,374,327

Notified details See annex 2b

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. going above 5%.

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

ANNEX 2a

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	100 Bellevue Parkway, Wilmington, DE, 19809, 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 Capital Management, Inc.	100 Bellevue Parkway, Wilmington, 19809, U.S.A.
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 2b

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.	27,284	27,284		0.01%
BlackRock (Singapore) Limited	7,939	7,939		0.00%
BlackRock Advisors (UK) Limited	1,205,695	1,221,798		0.62%
BlackRock Advisors, LLC	108,806	114,326		0.06%
BlackRock Asset Management Canada Limited	146,698	146,698		0.07%
BlackRock Asset Management Deutschland AG	285,351	285,351		0.14%
BlackRock Asset Management North Asia Limited	24,366	24,329		0.01%
BlackRock Capital Management, Inc.	306	318		0.00%
BlackRock Financial Management, Inc.	31,217	35,489		0.02%
BlackRock Fund Advisors	3,064,944	3,063,506		1.54%
BlackRock Institutional Trust Company, National Association	2,866,211	2,866,145		1.44%
BlackRock International Limited	3,890	4,181		0.00%
BlackRock Investment Management (Australia) Limited	55,731	55,731		0.03%
BlackRock Investment Management (UK) Limited	467,298	483,946		0.24%
BlackRock Investment Management, LLC	375,570	368,359		0.19%
BlackRock Japan Co., Ltd.	182,361	185,359		0.09%
Subtotal	8,853,667	8,890,759		4.48%
	TOTAL	8,890,759	0	4.48%	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			671,990	0.34%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			164,401	0.08%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			3,627	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			13,886	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			15,442	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			938	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			162,553	0.08%	cash
BlackRock Investment Management, LLC	Depositary Receipt			76	0.00%
	TOTAL			1,032,913	0.52%

The totals will be updated once you have clicked on

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	9,923,672	5.00%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 25 September 2019 that, on 24 September 2019, its interest has fallen below the legal threshold of 5% of the shares issued by Ageas. Its current total shareholding stands at 4.99%.

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 3a

Date on which the threshold is crossed 24 September 2019

Threshold that is crossed (in %) 5% shares

Denominator 198,374,327

Notified details See annex 3b

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. going below 5%.

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

ANNEX 3a

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	100 Bellevue Parkway, Wilmington, DE, 19809, 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 Capital Management, Inc.	100 Bellevue Parkway, Wilmington, 19809, U.S.A.
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 3b

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.	27,284	27,284		0.01%
BlackRock (Singapore) Limited	7,939	7,939		0.00%
BlackRock Advisors (UK) Limited	1,607,488	1,205,695		0.61%
BlackRock Advisors, LLC	108,806	108,806		0.05%
BlackRock Asset Management Canada Limited	146,618	146,698		0.07%
BlackRock Asset Management Deutschland AG	283,675	285,351		0.14%
BlackRock Asset Management North Asia Limited	24,467	24,366		0.01%
BlackRock Capital Management, Inc.	192	306		0.00%
BlackRock Financial Management, Inc.	30,677	31,217		0.02%
BlackRock Fund Advisors	3,084,129	3,064,944		1.55%
BlackRock Institutional Trust Company, National Association	2,877,573	2,866,211		1.44%
BlackRock International Limited	3,890	3,890		0.00%
BlackRock Investment Management (Australia) Limited	54,473	55,731		0.03%
BlackRock Investment Management (UK) Limited	467,357	467,298		0.24%
BlackRock Investment Management, LLC	370,864	375,570		0.19%
BlackRock Japan Co., Ltd.	182,360	182,361		0.09%
Subtotal	9,277,792	8,853,667		4.46%
	TOTAL	8,853,667	0	4.46%	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			671,990	0.34%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			180,866	0.09%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			3,627	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			12,736	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			18,129	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			938	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			162,553	0.08%	cash
BlackRock Investment Management, LLC	Depositary Receipt			76	0.00%
	TOTAL			1,050,915	0.53%

The totals will be updated once you have clicked on

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	9,904,582	4.99%

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%).