NN Group increases stake in Delta Lloyd to 8.8%

27 February 2017

Press release

This is a press release by NN Group N.V. ('NN Group'), pursuant to the provisions of Section 4 Paragraph 3 and Section 13 Paragraphs 1 and 2 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) (the 'Decree') in connection with the recommended public offer by NN Group for all the issued and outstanding ordinary shares in the capital of Delta Lloyd N.V. ('Delta Lloyd'). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of the Offer Memorandum, which is available as of 2 February 2017, and subject to the restrictions set forth therein. Terms not defined in this press release will have the meaning given thereto in the Offer Memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada or Japan or in any other jurisdiction in which such release, publication or distribution would be unlawful.

Reference is made to the joint press release by NN Group and Delta Lloyd dated 2 February 2017 regarding the publication of the Offer Memorandum for the recommended public cash offer by NN Group Bidco B.V., a directly wholly-owned subsidiary of NN Group ('the Offeror'), to all holders of issued and outstanding ordinary shares in the capital of Delta Lloyd (the 'Shares') to acquire their Shares at a price of EUR 5.40 (cum dividend) in cash for each Share (the 'Offer').

NN Group announces that, on 27 February 2017, NN Group or its brokers (acting as agents for NN Group) acquired a total of 3,800,138 Shares in the open market at a volume weighted average price of EUR 5.3642 per Share. The highest price per Share paid in a transaction conducted on 27 February 2017 was EUR 5.37.

Date	Transaction type	Total number of shares	Type of shares	Volume weighted average price in EUR
24 February 2017	Purchase	765,711	Ordinary	5.347
27 February 2017	Purchase	3,800,138	Ordinary	5.3642

Together with the 37,039,337 Shares already held by NN Group or its brokers (acting as agents for NN Group) prior to 27 February 2017, NN Group or its brokers (acting as agents for NN Group) now holds 40,839,475 Shares, representing 8.8% of the aggregate number of issued and outstanding ordinary and preference shares in the capital of Delta Lloyd and 9.0% of the issued and outstanding ordinary share capital of Delta Lloyd.