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## ❏ OTHER INFORMATION 

## INDEPENDENT AUDITOR’S REPORT 

TO: THE SUPERVISORY BOARD AND THE EXECUTIVE BOARD OF AEGON N.V. 

## REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 

We have audited the accompanying consolidated financial statements 2010 of AEGON N.V., The Hague (as set out on pages 80 to 224, and comprise the consolidated balance sheet as at December 31, 2010, the consolidated income statement, statement of comprehensive income, statement of changes in equity and cash flow statement for the year then ended and notes, comprising a summary of the significant accounting policies and other explanatory information. 

## MANAGEMENT’S RESPONSIBILITY 

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the Dutch Civil Code, and for the preparation of the Report of the Executive Board in accordance with Part 9 of Book 2 of the Dutch Civil Code. Furthermore management is responsible for such internal control as it determines is necessary to enable the preparation of the consolidated Financial statements that are free from material misstatement, whether due to fraud or error. 

## AUDITOR’S RESPONSIBILITY 

Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Dutch law, including the Dutch Standards on Auditing. This requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. 

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. 

In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. 

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit 

## OPINION WITH RESPECT TO THE CONSOLIDATED FINANCIAL STATEMENTS 

In our opinion, the consolidated financial statements give a true and fair view of the balance sheet of AEGON N.V. as at December 31, 2010 its result and its cash flows for the year then ended in accordance with International Financial Reporting Standards as issued by the IASB , as adopted by the European Union and with Part 9 of Book 2 of the Dutch Civil Code. 

## REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS 

Pursuant to the legal requirement under Section 2:393 sub 5 at e and f of the Dutch Civil Code, we have no deficiencies to report as a result of our examination whether the Report of the Executive Board, to the extent we can assess, has been prepared in accordance with Part 9 of Book 2 of this Code, and whether the information as required under Section 2:392 sub 1 at b-h has been annexed. Further we report that the Report of the Executive Board, to the extent we can assess, is consistent with the consolidated financial statements as required by Section 2:391 sub 4 of the Dutch Civil Code. 

The Hague, March 23, 2011 

## ERNST & YOUNG ACCOUNTANTS LLP 

signed by A.F.J. van Overmeire 

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