ageas SA/NV

Major Shareholding Notification • Sep 3, 2019

PRESS RELEASE

Brussels, 3 September 2019 – 17:40 (CET)

Ageas and BlackRock: Transparency notification

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 3 September 2019 that, on 2 September 2019, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current total shareholding stands at 5.23%.

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 2 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 onhttps://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.

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.	23,406	29,956		0.02%
BlackRock (Singapore) Limited	10,028	7,939		0.00%
BlackRock Advisors (UK) Limited	1,654,255	1,789,727		0.90%
BlackRock Advisors, LLC	108,806	108,806		0.05%
BlackRock Asset Management Canada Limited	147,078	146,608		0.07%
BlackRock Asset Management Deutschland AG	308,182	308,182		0.16%
BlackRock Asset Management North Asia Limited	23,998	24,570		0.01%
BlackRock Capital Management, Inc.	206	299		0.00%
BlackRock Financial Management, Inc.	18,917	21,395		0.01%
BlackRock Fund Advisors	3,076,303	3,077,124		1.55%
BlackRock Institutional Trust Company, National Association	2,923,466	2,883,755		1.45%
BlackRock International Limited	3,890	3,890		0.00%
BlackRock Investment Management (Australia) Limited	54,473	54,473		0.03%
BlackRock Investment Management (UK) Limited	707,291	720,897		0.36%
BlackRock Investment Management, LLC	421,332	381,536		0.19%
BlackRock Japan Co., Ltd.	187,069	379,699		0.19%
Subtotal	9,668,700	9,938,856		5.01%
	TOTAL	9,938,856	0	5.01%	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			210,171	0.11%	physical
BlackRock Asset Management Canada Limited	Securities Lent			470	0.00%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			11,272	0.01%	physical
BlackRock Japan Co., Ltd.	Securities Lent			2,993	0.00%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			3,627	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			11,116	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			25,427	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			428,643	0.22%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,367,499	5.23%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 30 August 2019 that, on 28 August 2019, its interest has fallen below the legal threshold of 5% of the shares in section 10A issued by Ageas. Its current total shareholding stands at 5.09%.

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 August 2019

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. (in 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	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 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.	23,406	23,406		0.01%
BlackRock (Singapore) Limited	10,028	10,028		0.01%
BlackRock Advisors (UK) Limited	1,872,190	1,654,255		0.83%
BlackRock Advisors, LLC	108,806	108,806		0.05%
BlackRock Asset Management Canada Limited	147,078	147,078		0.07%
BlackRock Asset Management Deutschland AG	309,797	308,182		0.16%
BlackRock Asset Management North Asia Limited	24,044	23,998		0.01%
BlackRock Capital Management, Inc.	228	206		0.00%
BlackRock Financial Management, Inc.	16,365	18,917		0.01%
BlackRock Fund Advisors	3,084,345	3,076,303		1.55%
BlackRock Institutional Trust Company, National Association	2,923,310	2,923,466		1.47%
BlackRock International Limited	3,890	3,890		0.00%
BlackRock Investment Management (Australia) Limited	54,473	54,473		0.03%
BlackRock Investment Management (UK) Limited	728,959	707,291		0.36%
BlackRock Investment Management, LLC	276,079	421,332		0.21%
BlackRock Japan Co., Ltd.	409,902	187,069		0.09%
Subtotal	9,992,900	9,668,700		4.87%
	TOTAL	9,668,700	0	4.87%	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			226,388	0.11%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			5,618	0.00%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			3,627	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			11,116	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			25,427	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			435,743	0.22%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,104,443	5.09%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 29 August 2019 that, on 27 August 2019, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current 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 August 2019

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. 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	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 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.	23,406	23,406		0.01%
BlackRock (Singapore) Limited	10,974	10,028		0.01%
BlackRock Advisors (UK) Limited	2,074,717	1,872,190		0.94%
BlackRock Advisors, LLC	108,806	108,806		0.05%
BlackRock Asset Management Canada Limited	147,078	147,078		0.07%
BlackRock Asset Management Deutschland AG	312,262	309,797		0.16%
BlackRock Asset Management North Asia Limited	24,054	24,044		0.01%
BlackRock Capital Management, Inc.	263	228		0.00%
BlackRock Financial Management, Inc.	14,973	16,365		0.01%
BlackRock Fund Advisors	3,088,644	3,084,345		1.55%
BlackRock Institutional Trust Company, National Association	2,945,707	2,923,310		1.47%
BlackRock International Limited	3,890	3,890		0.00%
BlackRock Investment Management (Australia) Limited	54,473	54,473		0.03%
BlackRock Investment Management (UK) Limited	622,453	728,959		0.37%
BlackRock Investment Management, LLC	282,870	276,079		0.14%
BlackRock Japan Co., Ltd.	182,349	409,902		0.21%
Subtotal	9,896,919	9,992,900		5.04%
	TOTAL	9,992,900	0	5.04%	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			193,289	0.10%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			5,618	0.00%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			3,627	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			11,116	0.01%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			24,146	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			401,363	0.20%
TOTAL (A & B)					# of voting rights % of voting rights
			CALCULATE	10,394,263		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%).