Major Shareholding Notification • Dec 11, 2024
Major Shareholding Notification
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Regulated information • Brussels, 11 December 2024 – 17:40 (CET)

In accordance with the rules on financial transparency*, The Goldman Sachs Group, Inc has notified Ageas on 9 December 2024 that, on 3 December 2024, its interest has exceeded the statutory threshold of 3% of the shares issued by Ageas in box A (Voting rights). On 6 December 2024 it notified that, on 2 December 2024, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 5.66%.
Reason for the notification of 9 December 2024
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 3 December 2024
Threshold that is crossed (in %) 3%
Denominator 187,971,187
Notified details See annex 1 b
.
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
This press release and the notifications received by Ageas are available on the website.
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.
1210 Brussels – Belgium ISIN: BE0974264930 Impact24 INVESTOR RELATIONS www.ageas.com Sustainability

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Press release 041 | 01 +32 (0)2 557 57 32Annual Reporting
| Name | Address (for legal entities) |
|---|---|
| The Goldman Sachs Group, Inc | Corporation Truse Center, 1209 Orange Street, Wilmimgton, DE 19801, USA |
| Goldman Sachs International | 25 Shoe Lane, Plumtree Court, London EC4A 4AU, UK |
| 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 |
||
| The Goldman Sachs Group, Inc. | 0 | 0 | 0,00% | |||
| Goldman Sachs International | 972.917 | 5.699.620 | 3,03% | |||
| Goldman Sachs Asset Management, L.P. |
444.530 | 444.653 | 0,24% | |||
| Goldman Sachs Bank Europe SE | 0 | 34.351 | 0,02% | |||
| Goldman Sachs Asset Management International |
17.200 | 20.591 | 0,01% | |||
| Folio Investments, Inc. | 12 | 12 | 0,00% | |||
| Goldman Sachs & Co. LLC | 704 | 0 | 0,00% | |||
| TOTAL | 6.199.227 | 0 | 3,30% | 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 | |
| Goldman Sachs International | Swap | 03/05/2028 | 4.085.724 | 2,17% | Cash | |
| Goldman Sachs International | Swap | 28/11/2034 | 49.186 | 0,03% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 45.500 | 0,02% | Cash | |
| Goldman Sachs International | Swap | 29/11/2034 | 32.586 | 0,02% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 27.972 | 0,01% | Cash | |
| Goldman Sachs International | Swap | 23/08/2027 | 13.656 | 0,01% | Cash | |
| Goldman Sachs International | Swap | 27/11/2034 | 11.199 | 0,01% | Cash | |
| Goldman Sachs International | Swap | 25/11/2027 | 8.842 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 28/06/2034 | 8.713 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 27/11/2034 | 8.659 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 8.260 | 0,00% | Cash | |
| Goldman Sachs & Co. LLC | Swap | 27/12/2024 | 8.136 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Swap | 03/03/2025 | 7.269 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 19/06/2034 | 6.324 | 0,00% | Cash |
| Goldman Sachs International | Swap | 24/04/2034 | 6.183 | 0,00% | Cash |
|---|---|---|---|---|---|
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 6.100 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4.890 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4.475 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4.313 | 0,00% | Cash |
| Goldman Sachs International | Swap | 29/11/2027 | 4.224 | 0,00% | Cash |
| Goldman Sachs International | Swap | 04/12/2034 | 4.150 | 0,00% | Cash |
| Goldman Sachs International | Swap | 30/10/2034 | 3.882 | 0,00% | Cash |
| Goldman Sachs International | Call Option | 04/02/2025 | 3.750 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3.600 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3.200 | 0,00% | Cash |
| Goldman Sachs International | Swap | 26/11/2027 | 2.790 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 2.353 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 2.350 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.900 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.800 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.550 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.473 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.388 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.300 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.200 | 0,00% | Cash |
| Goldman Sachs International | Swap | 22/10/2025 | 1.118 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.101 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.100 | 0,00% | Cash |
| Goldman Sachs International | Swap | 17/01/2034 | 1.020 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.000 | 0,00% | Cash |
| Goldman Sachs International | Swap | 17/01/2034 | 937 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 800 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 800 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 592 | 0,00% | Cash |
| Goldman Sachs International | Swap | 14/11/2033 | 548 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 462 | 0,00% | Cash |
| Goldman Sachs International | Swap | 30/10/2034 | 416 | 0,00% | Cash |
| Goldman Sachs International | Swap | 15/08/2034 | 375 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 300 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 300 | 0,00% | Cash |
|---|---|---|---|---|---|
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 290 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 290 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 173 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 150 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 100 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 70 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 70 | 0,00% | Cash |
| Goldman Sachs International | Swap | 15/03/2027 | 35 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Swap | 03/03/2025 | 26 | 0,00% | Cash |
| Goldman Sachs International | Securities Lending | Open | 23.042 | 0,01% | physical |
| Goldman Sachs Bank Europe SE | Securities Lending | Open | 6.611 | 0,00% | physical |
| Goldman Sachs & Co. LLC | Securities Lending | Open | 6.271 | 0,00% | physical |
| TOTAL | 4.445.391 | 2,36% |
| TOTAL (A & B) | # of voting rights % of voting rights | ||
|---|---|---|---|
| CALCULATE | 10.644.618 | 5,66% |

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 1c
Date on which the threshold is crossed 2 December 2024
Threshold that is crossed (in %) 5%
Denominator 187,971,187
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
| Name | Address (for legal entities) | |||
|---|---|---|---|---|
| The Goldman Sachs Group, Inc | Corporation Truse Center, 1209 Orange Street, Wilmimgton, DE 19801, USA | |||
| Goldman Sachs International | 25 Shoe Lane, Plumtree Court, London EC4A 4AU, UK |
| 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 |
|
| The Goldman Sachs Group, Inc. | 0 | 0,00% | |||
| Goldman Sachs International | 972.917 | 0,52% | |||
| Goldman Sachs Asset Management, L.P. |
444.530 | 0,24% | |||
| Goldman Sachs Asset Management International |
17.200 | 0,01% | |||
| Goldman Sachs & Co. LLC | 704 | 0,00% | |||
| Folio Investments, Inc. | 12 | 0,00% | |||
| TOTAL | 1.435.363 | 0 | 0,76% | 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 | |
| Goldman Sachs International | Swap | 03/05/2028 | 4.111.365 | 2,19% | Cash | |
| Goldman Sachs International | Swap | 28/11/2034 | 54.035 | 0,03% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 45.500 | 0,02% | Cash | |
| Goldman Sachs International | Swap | 29/11/2034 | 33.193 | 0,02% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 27.972 | 0,01% | Cash | |
| Goldman Sachs International | Swap | 23/08/2027 | 14.125 | 0,01% | Cash | |
| Goldman Sachs International | Swap | 27/11/2034 | 11.199 | 0,01% | Cash | |
| Goldman Sachs International | Swap | 28/06/2034 | 8.888 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 25/11/2027 | 8.842 | 0,00% | Cash | |
| Goldman Sachs & Co. LLC | Swap | 27/12/2024 | 8.771 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 27/11/2034 | 8.659 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 8.260 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Swap | 28/02/2025 | 7.514 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 24/04/2034 | 7.286 | 0,00% | Cash |
| Goldman Sachs International | Swap | 19/06/2034 | 7.173 | 0,00% | Cash |
|---|---|---|---|---|---|
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 6.100 | 0,00% | Cash |
| Goldman Sachs International | Swap | 30/10/2034 | 5.624 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4.890 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4.475 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 4.296 | 0,00% | Cash |
| Goldman Sachs International | Call Option | 04/02/2025 | 4.018 | 0,00% | Cash |
| Goldman Sachs International | Swap | 30/10/2034 | 3.882 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3.600 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 3.200 | 0,00% | Cash |
| Goldman Sachs International | Swap | 29/11/2027 | 2.792 | 0,00% | Cash |
| Goldman Sachs International | Swap | 26/11/2027 | 2.790 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 2.347 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 2.343 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.900 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.800 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.550 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.467 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.388 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.300 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.200 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.100 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.097 | 0,00% | Cash |
| Goldman Sachs International | Swap | 22/10/2025 | 1.090 | 0,00% | Cash |
| Goldman Sachs International | Swap | 17/01/2034 | 1.042 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 1.000 | 0,00% | Cash |
| Goldman Sachs International | Swap | 17/01/2034 | 914 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 800 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 800 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 590 | 0,00% | Cash |
| Goldman Sachs International | Swap | 14/11/2033 | 548 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 500 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 460 | 0,00% | Cash |
| Goldman Sachs International | Swap | 30/10/2034 | 416 | 0,00% | Cash |
| Goldman Sachs International | Swap | 15/08/2034 | 375 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 300 | 0,00% | Cash |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 300 | 0,00% | Cash | |
|---|---|---|---|---|---|---|
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 290 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 290 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 173 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 150 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 02/12/2027 | 141 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 100 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 70 | 0,00% | Cash | |
| Goldman Sachs Bank Europe SE | Call Warrant | 31/12/2030 | 69 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 15/03/2027 | 35 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 28/02/2025 | 25 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 28/02/2025 | 16 | 0,00% | Cash | |
| Goldman Sachs International | Call Option | 03/12/2024 | 15 | 0,00% | Cash | |
| Goldman Sachs International | Swap | 03/03/2025 | 2 | 0,00% | Cash | |
| Goldman Sachs International | Securities Lending | Open | 4.707.803 | 2,50% | physical | |
| Goldman Sachs Bank Europe SE | Securities Lending | Open | 41.701 | 0,02% | physical | |
| Goldman Sachs & Co. LLC | Securities Lending | Open | 900 | 0,00% | physical | |
| TOTAL | 9.194.854 | 4,89% | ||||
| TOTAL (A & B) | ||||||
| # of voting rights % of voting rights | ||||||
| CALCULATE | 10.630.217 | 5,66% | ||||
| Ageas is a listed international insurance Group with a heritage spanning 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit | ||||||
| their specific needs, today and tomorrow, and is also engaged in reinsurance activities. 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, Portugal, Türkiye, 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 |
| TOTAL (A & B) | # of voting rights % of voting rights | ||
|---|---|---|---|
| CALCULATE | 10.630.217 | 5,66% |
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