ageas SA/NV

Major Shareholding Notification • Sep 18, 2018

PRESS RELEASE

Brussels, 18 September 2018 – 17:40 (CET)

Ageas and BlackRock: Transparency notification

In accordance with the rules on financial transparency*, Blackrock has notified Ageas on 14 September 2018 that, on 12 September 2018, its shareholding stands at 5.06%.

Netherlands

Australia

Road, Central, Hong Kong

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

BlackRock, Inc. 55 East 52nd Street, New York, NY, 10055, U.S.A. BlackRock (Netherlands) B.V. Rembrandt Tower, 17th floor, Amstelplein, Amsterdam,

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 Max-Joseph-Straße 6, Munich, 80333, Germany BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden

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 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000

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.

Date on which the threshold is crossed 12 September 2018

Threshold that is crossed (in %) 5 %

Denominator 203,022,199

* 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 33

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

Notified details

A) Voting rights	Previous notification		After the transaction
	# of voting rights		# of voting rights	% of voting rights
		Linked to	Not linked to	Linked to	Not linked to
Holders of voting rights		securities	the securities	securities	the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	30,766	28,760		0.01%
BlackRock (Singapore) Limited	12,814	12,814		0.01%
BlackRock Advisors (UK) Limited	2,060,898	1,634,058		0.80%
BlackRock Advisors, LLC	202,402	203,604		0.10%
BlackRock Asset Management Canada Limited	139,932	134,910		0.07%
BlackRock Asset Management Deutschland AG	423,809	425,757		0.21%
BlackRock Asset Management North Asia Limited	30,876	36,152		0.02%
BlackRock Capital Management Inc.	0	436		0.00%
BlackRock Financial Management, Inc.	70,059	70,414		0.03%
BlackRock Fund Advisors	3,038,153	2,970,663		1.46%
BlackRock Institutional Trust Company, National Association	2,952,233	2,897,327		1.43%
BlackRock International Limited	15,038	15,038		0.01%
BlackRock Investment Management (Australia) Limited	58,608	59,166		0.03%
BlackRock Investment Management (UK) Limited	543,192	767,053		0.38%
BlackRock Investment Management, LLC	312,549	346,436		0.17%
BlackRock Japan Co., Ltd	341,073	269,301		0.13%
BlackRock Life Limited	0	2,599		0.00%

		10,232,402		9,874,488		4.86%
		TOTAL			9,874,488	0	4.86%	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				6,691	0.00%		physical
BlackRock Advisors (UK) Limited	Contract For Difference				5,570	0.00%		cash
BlackRock Advisors, LLC	Contract For Difference				8,857	0.00%		cash
BlackRock Institutional Trust Company, National Association	Contract For Difference				11,560	0.01%		cash
BlackRock Investment Management (UK) Limited	Contract For Difference				828	0.00%		cash
BlackRock Investment Management, LLC	Contract For Difference				165,292	0.08%		cash
BlackRock Advisors (UK) Limited	Securities Lent				58,480	0.03%		physical
	TOTAL				388,958	0.19%
Total A & B			# of voting rights				% of voting rights
			10,263,446				5.06%

Chain of controlled undertakings through which the holding is effectively held, if applicable

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock International Limited BlackRock Life Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Trident Holding Company Limited BlackRock Japan Holdings GK BlackRock Japan Co., Ltd.

BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock International Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC

BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc.

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock Capital Management, Inc.

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Asset Management North Asia Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock Asset Management Deutschland AG

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Canada Holdings LP BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc.

BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Advisors (UK) Limited

Additional information

The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc going below 5%.

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, Luxembourg, 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 50,000 people and reported annual inflows close to EUR 34 billion in 2017 (all figures at 100%).