NN Group announces stock fraction for 2015 interim dividend

Shareholders of NN Group were given the option to receive the interim dividend for 2015 of EUR 0.46 per ordinary share either in cash or in ordinary shares.

Shareholders who have elected to receive the interim dividend in shares will receive one NN Group N.V. ordinary share for every 58.21 ordinary shares held. The stock fraction has been based on the volume-weighted average price of EUR 26.778 for NN Group shares on Euronext Amsterdam for the five trading days from 25 August 2015 through 31 August 2015. Any remaining stock fractions will be paid in cash using the volume-weighted average share price of EUR 26.778. The stock and cash dividend are approximately equal in value. If a shareholder has not made a choice during the election period, the interim dividend will be paid in cash.

Approximately 28.8% of shareholders have elected to receive the interim dividend in ordinary shares. Consequently, 1,674,470 new ordinary shares will be issued as stock dividend.

NN Group will neutralise the dilutive effect of the stock dividend on earnings per share through the repurchase of 1,674,470 ordinary shares from ING Group, at the volume-weighted average share price of EUR 26.778 used to calculate the stock fraction. NN Group intends to cancel all or part of the repurchased shares in due course. Following the repurchase of shares, ING Group's stake in NN Group will decrease to 37.1% of outstanding shares (net of treasury shares).

Payment of the interim dividend on the ordinary shares in cash, after deduction of statutory withholding tax, if applicable, and the transfer of the new ordinary shares and settlement of fractions in cash, as well as the repurchase of ordinary shares from ING Group, will take place on 7 September 2015.

Press enquiries NN Group Manel Vrijenhoek [phone] [e-mail]

Investor enquiries NN Group Investor Relations [phone] [e-mail]

NN Group profile
NN Group is an international insurance and investment management company, active in more than 18 countries, with a strong presence in a number of European countries and Japan. With around 12,000 employees the group offers retirement services, insurance, investments and banking to more than 15 million customers. NN Group includes Nationale-Nederlanden, NN (formerly known as ING Insurance) and NN Investment Partners (formerly known as ING Investment Management). NN Group is listed on Euronext Amsterdam (NN).