Delta Lloyd announces successful sale and pricing of its shareholding in Van Lanschot

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Offering highlights

• Offer price of €16.00 per Offer DR (the "Offer Price")
• 11,272,729 depositary receipts (the "Offer DRs") held by Delta Lloyd (as defined below) have been allotted (the "Offering"), leading to a total offering size of €180.4 million, assuming no exercise of the over-allotment option^[1], which would increase to €198.4 million if the over-allotment option would be exercised in full
• The Offering has been several times oversubscribed and attracted both high quality institutional investors as well as large interest from Dutch retail investors
• The Offering is part of Delta Lloyd's plan of management actions and capital measures. The net proceeds will deliver an uplift of c. 8%points to Delta Lloyd's solvency ratio, which will then be at 162% on a pro-forma basis
• Members of the Executive Board of Van Lanschot N.V. (the "Company" or "Van Lanschot") subscribed for an aggregate amount of €1,060,000, which has been allocated in full
• This press release also serves as a pricing statement and has been deposited with the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten; "AFM"). The press release is also available on the Company's and Delta Lloyd's website

Hans van der Noordaa, chairman of Delta Lloyd's Executive Board: "The successful sale of our stake in Van Lanschot delivers an uplift of 8%point to our solvency ratio and will bring our solvency ratio to 162%, which is in the upper half of our target range. We are clearly delivering on our capital plan and we will maintain our focus on generating capital, which creates value for all our stakeholders. I am confident Van Lanschot's shareholders will benefit from the increased free float and we wish the company and its stakeholders all the best for the future."

Karl Guha, chairman of Van Lanschot's Executive Board: "We are very pleased with this outcome. We have been able to attract strong interest from institutional and retail investors. Our new, high quality shareholder base buys into our strategy and positioning of an independent, specialised wealth management firm. The stock, the company and our shareholders will benefit from the increased liquidity. We thank Delta Lloyd for being a loyal shareholder for more than four decades and wish them well."