Initial Pillar II evaluation: €188 per participant

The transaction will be finalized in the second half of this year, after the necessary authorization is obtained.  Market sources indicated that the price paid by Aegon for the BT Aegon Fond de Pensii takeover is correct.  The administration company was established in 2007, with a joint venture between Aegon and Banca Transilvania.

Two further Pillar II transactions will be concluded by the end of 2009, one the merger of BCR Fond de Pensii and Omniasig, the other a merger between Interamerican and Bancpost.