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## Exchange rates 

Fluctuations in the exchange rate between the euro and the US dollar will affect the dollar equivalent of the euro price of Aegon's common shares traded on NYSE Euronext Amsterdam and, as a result, are likely to impact the market price of Aegon's common shares in the United States. Such fluctuations will also affect any US dollar amounts received by holders of common shares upon conversion of any cash dividends paid in euros on Aegon's common shares. 

As of March 3, 2014, the USD exchange rate was EUR 1 = USD 1.3763. 

The high and low exchange rates for the US dollar per euro for each of the last six months through February 2014 are set forth below: 

<img src='content_image/173131.jpg'>

The average exchange rates for the US dollar per euro for the five years ended December 31, 2013, calculated by using the average of the exchange rates on the last day of each month during the period, are set forth below: 

<img src='content_image/173132.jpg'>

1 The US dollar exchange rates are the noon buying rates in New York City for cable transfers in euros as certified for customs purposes by the Federal Reserve Bank of New York. 

<img src='content_image/173135.jpg'>

<img src='content_image/173134.jpg'>

