Aegon successfully sells 12.5 million shares in a.s.r.

Core Viewpoint - Aegon Ltd. has successfully sold 12.5 million shares of ASR Nederland N.V. at a price of EUR 56 per share, generating gross proceeds of EUR 700 million, while ASR repurchased 1,875,000 shares for approximately EUR 105 million [1][2][3] Group 1: Transaction Details - The transaction price for the shares sold was EUR 56 per share, leading to gross proceeds of EUR 700 million [1] - ASR Nederland repurchased 1,875,000 shares at the same price, totaling around EUR 105 million [1] - The transaction is expected to settle on September 5, 2025 [1] Group 2: Shareholding Impact - Following the transaction, Aegon's shareholding in ASR will decrease from 29.96% to approximately 24% [2] - Aegon has agreed to a 180-day lock-up arrangement for its remaining stake in ASR after the settlement [2] Group 3: Financial Implications - The transaction is anticipated to increase Aegon's Group solvency ratio by 11 percentage points, compared to an estimated ratio of 183% as of June 30, 2025 [3] - An IFRS book gain of approximately EUR 0.2 billion is expected in the second half of 2025 as a result of this transaction [3] - The cash proceeds from the transaction will be recorded in Aegon's Cash Capital at Holding in the third quarter of 2025 [3] Group 4: Underwriters - J.P. Morgan, Barclays, and Goldman Sachs acted as Joint Global Coordinators for the transaction [4] - ABN AMRO, BNP Paribas, Citigroup, Deutsche Bank, and ING served as Joint Bookrunners [4]