ageas SA/NV

Major Shareholding Notification • Apr 2, 2019

PRESS RELEASE

Brussels, 2 April 2019 – 17:40 (CET)

Ageas and BlackRock: Transparency notification

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 29 March 2019 that, on 27 March 2019, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 5.10%.

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 27 March 2019

Threshold that is crossed (in %) 5% shares

Denominator 203,022,199

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 above 5%. Additionally, total holdings for BlackRock Inc. went above 5%.

REGULATED INFORMATION

EURONEXT BRUSSELS Ticker: AGS

MEDIA CONTACT +32 (0)2 557 57 36

ISIN: BE0974264930

INVESTOR RELATIONS +32 (0)2 557 57 32

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

@AgeasGroup

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

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 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.	28,760	28,760		0.01%
BlackRock (Singapore) Limited	14,848	14,848		0.01%
BlackRock Advisors (UK) Limited	2,445,881	2,684,699		1.32%
BlackRock Advisors, LLC	150,619	150,619
BlackRock Asset Management Canada Limited	129,844	129,844		0.06%
BlackRock Asset Management Deutschland AG	393,122	381,982		0.19%
BlackRock Asset Management North Asia Limited	23,142	23,142		0.01%
BlackRock Capital Management, Inc.	66	0		0.00%
BlackRock Financial Management, Inc.	44,673	44,673		0.02%
BlackRock Fund Advisors	3,056,977	3,059,323		1.51%
BlackRock Institutional Trust Company, National Association	2,713,848	2,712,230		1.34%
BlackRock International Limited	12,769	12,769		0.01%
BlackRock Investment Management (Australia) Limited	58,313	58,313		0.03%
BlackRock Investment Management (UK) Limited	534,623	521,529		0.26%
BlackRock Investment Management, LLC	287,054	282,234		0.14%
BlackRock Japan Co., Ltd.	131,464	131,464		0.06%
Subtotal	10,026,003	10,236,429		5.04%
	TOTAL	10,236,429	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	Contract for Difference			1,614	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			3,675	0.00%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			29,586	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			6,085	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			66,653	0.03%	cash
BlackRock Investment Management (UK) Limited	Securities Lent			7,411	0.00%	physical
BlackRock Investment Management, LLC	Depositary Receipt			76	0.00%
	TOTAL			115,100	0.06%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,351,529	5.10%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 28 March 2019 that, on 26 March 2019, its interest has fallen below the legal threshold of 5% of the shares issued by Ageas (in section 10A). Its current 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 1c

Date on which the threshold is crossed 26 March 2019

Threshold that is crossed (in %) 5% shares

Denominator 203,022,199

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. going below 5%. This filing is due to total holdings for BlackRock, Inc. going below 5%. In heading 10) (A & B), however, the form displays it as remaining at 5%. Please note this is due to the rounding of the form.

* 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.	28,760	28,760		0.01%
BlackRock (Singapore) Limited	14,848	14,848		0.01%
BlackRock Advisors (UK) Limited	2,511,228	2,445,881		1.20%
BlackRock Advisors, LLC	150,619	150,619
BlackRock Asset Management Canada Limited	129,844	129,844		0.06%
BlackRock Asset Management Deutschland AG	393,122	393,122		0.19%
BlackRock Asset Management North Asia Limited	23,142	23,142		0.01%
BlackRock Capital Management, Inc.	73	66		0.00%
BlackRock Financial Management, Inc.	44,673	44,673		0.02%
BlackRock Fund Advisors	3,055,620	3,056,977		1.51%
BlackRock Institutional Trust Company, National Association	2,713,848	2,713,848		1.34%
BlackRock International Limited	12,769	12,769		0.01%
BlackRock Investment Management (Australia) Limited	58,313	58,313		0.03%
BlackRock Investment Management (UK) Limited	533,221	534,623		0.26%
BlackRock Investment Management, LLC	288,716	287,054		0.14%
BlackRock Japan Co., Ltd.	131,464	131,464		0.06%
Subtotal	10,090,260	10,026,003		4.94%
TOTAL		10,026,003	0	4.94%	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 Investment Management (UK) Limited	Securities Lent			7,411	0.00%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			1,614	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference			3,675	0.00%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			29,943	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			6,085	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			66,653	0.03%	cash
BlackRock Investment Management, LLC	Depositary Receipt			76	0.00%
	TOTAL			115,457	0.06%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,141,460	5.00%

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 28 March 2019 that, on 25 March 2019, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 5.03%.

Reason for the notification

Acquisition or disposal of voting securities or voting rights Acquisition or disposal of financial instruments that are treated as voting securities

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 25 March 2019

Threshold that is crossed (in %) 5% shares

Denominator 203,022,199

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 total holdings in voting rights 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.	28,760	28,760		0.01%
BlackRock (Singapore) Limited	14,848	14,848
BlackRock Advisors (UK) Limited	2,407,930	2,511,228
BlackRock Advisors, LLC	150,619	150,619		0.07%
BlackRock Asset Management Canada Limited	129,844	129,844
BlackRock Asset Management Deutschland AG	329,944	393,122		0.19%
BlackRock Asset Management North Asia Limited	23,142	23,142		0.01%
BlackRock Capital Management, Inc.	84	73		0.00%
BlackRock Financial Management, Inc.	44,673	44,673		0.02%
BlackRock Fund Advisors	3,044,322	3,055,620		1.51%
BlackRock Institutional Trust Company, National Association	2,712,609	2,713,848		1.34%
BlackRock International Limited	12,769	12,769		0.01%
BlackRock Investment Management (Australia) Limited	58,313	58,313		0.03%
BlackRock Investment Management (UK) Limited	537,189	533,221		0.26%
BlackRock Investment Management, LLC	290,174	288,716		0.14%
BlackRock Japan Co., Ltd.	138,464	131,464		0.06%
	TOTAL	10,090,260	0	4.97%	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 Investment Management (UK) Limited	Securities Lent		7,411	0.00%	physical
BlackRock Advisors (UK) Limited	Contract for Difference		1,614	0.00%	cash
BlackRock Advisors, LLC	Contract for Difference		3,675	0.00%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference		29,943	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference		6,085	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference		66,653	0.03%	cash
BlackRock Investment Management, LLC	Depositary Receipt		76	0.00%
	TOTAL		115,457	0.06%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	10,205,717	5.03%

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%).