ageas SA/NV

Major Shareholding Notification • May 20, 2019

PRESS RELEASE

Brussels, 20 May 2019 – 17:40 (CET)

Ageas: Transparency notification

In accordance with the rules on financial transparency*, Ageas notifies that on 15May 2019, its interest has fallen below the threshold of 3% of the shares issued by Ageas. Its current shareholding stands at 2.65%.

Reason for the notification

Acquisition or disposal of voting securities or voting rights Downward crossing of the lowest threshold

Notification by A parent undertaking or a controlling person

Persons subject to the notification requirement ageas SA/NV

Date on which the threshold is crossed 15 May 2019

Threshold that is crossed (in %) 3 %

Denominator 198,374,327

Notified details See annex 1a

Chain of controlled undertakings through which the holding is effectively held, if applicable ageas SA/NV fully owns Ageas Insurance International NV that in turn holds 75% of the share capital of AG Insurance SA/NV and 100% of Ageasfinlux S.A.

Additional information

The shares related to the FRESH do not bear dividend nor voting rights as long as they are attributed to Ageasfinlux S.A.

* 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

@AgeasGroup

ANNEX 1a

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
AG Insurance SA/NV	47,620	47,620		0.02%
ageas SA/NV	2,109,966	1,236,734		0.62%
Ageasfinlux S.A. (related to FRESH)	3,968,254	3,968,254		2.00%
Subtotal	6,125,840	5,252,608		2.65%
	TOTAL	5,252,608	0	2.65%	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
	TOTAL			0	0.00%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	5,252,608	2.65%

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%).