The shares are being offered by NLFI to qualified investors through an accelerated bookbuilding procedure (the Offering). a.s.r. intends to place an order in the Offering to repurchase 3,000,000 shares, being 2% of the total issued share capital. The share repurchase fits the mandate of the Executive Board, granted by the Annual General Meeting on May 31 2017, to repurchase own shares up to a maximum of 10% of the issued share capital. NLFI will allocate a.s.r.'s order in whole.

The repurchase is in line with a.s.r.'s strategy of using capital in value creating opportunities and by returning capital to its shareholders in an efficient manner, for example through participation in a sale of shares by NLFI. The repurchase will be financed from the company's own funds and has a limited impact on its solvency ratio.

Following successful completion of the transaction, NLFI's shareholding in a.s.r. will decrease from 36.8% to 20.1% of the total outstanding share capital. As previously announced, NLFI intends to sell its remaining shareholding in a.s.r. in due course.

NLFI has agreed with the joint bookrunners that the remaining shares in a.s.r. held by NLFI will be subject to a lock-up period of 60 calendar days after settlement of the transaction. The joint bookrunners may waive the lock-up at their sole discretion.

ASR Nederland NV published this content on 12 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 June 2017 16:04:14 UTC.

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