ASR Nederland N.V. — M&A Activity 2017

Apr 5, 2017

THIS PRESS RELEASE CONTAINS INSIDE INFORMATION AS MEANT IN CLAUSE 7 OF THE MARKET ABUSE REGULATION.

NLFI sells 20 million shares in a.s.r.

Utrecht, 5 April 2017, 7:05 CET

Stichting administratiekantoor beheer financiële instellingen (NLFI), on behalf of the Dutch State, has completed the accelerated book building offering to qualified investors of 20,000,000 ordinary shares in a.s.r. at a price of EUR 25.75 per share, realising EUR 515 million of aggregate proceeds. a.s.r. will not receive any proceeds from the offering.

The transaction reduces NLFI's stake in a.s.r.'s share capital from 50,1% to 36,8%. After cancellation of the 3,000,000 shares that a.s.r. acquired in January 2017, NLFI's shareholding in a.s.r. is expected to represent 37.5% of a.s.r.'s share capital.

a.s.r. didn't participate in this offering because, at the time of the offering in January of this year, it already repurchased the maximum number of shares for which it is currently authorized by its shareholders. The granting of a new authorization to the Executive Board for the repurchase of a.s.r.'s own shares at arm's length conditions, and the cancellation of the 3,000,000 shares that a.s.r. acquired, will be placed on the agenda for the Annual General Meeting of 31 May 2017.

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Media Relations Investor Relations Daan Wentholt Michel Hülters T: +31 (0)6 5335 4156 T: +31 (0)6 1549 9569 E-mail: daan.wentholt@asr.nl Barth Scholten

T: +31 (0)6 3044 1571 E-mail: ir@asr.nl

About ASR Nederland N.V.

ASR Nederland N.V. (a.s.r.) has been in the insurance business since 1720. a.s.r. is one of the leading insurance companies in the Netherlands. a.s.r. offers insurance, pension, banking and asset management solutions under the labels a.s.r., De Amersfoortse, Ditzo, Ardanta and Europeesche Verzekeringen. a.s.r. is listed on the Amsterdam Euronext stock exchange. For more information, pleas e visit www.asrnl.com.

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