DELTA LLOYD : to sell Bank Belgium to Anbang Insurance Group

Delta Lloyd NV ("Delta Lloyd") announced today that it has reached an agreement to sell Delta Lloyd Bank Belgium to Anbang Insurance Group Co. Ltd. ("Anbang") for a consideration of € 219 million. Anbang is a leading Chinese insurance company and offers a wide range of financial services.  

The transaction will have an estimated positive effect of around 10 percentage points on IGD group solvency. The impact on the IFRS capital will be -4.5% (shareholders' funds at FY 2013: € 2,621 million and at Q3 2014: € 2,734 million). The distribution agreement between Delta Lloyd Life and Delta Lloyd Bank is part of the transaction. Completion of the transaction between Delta Lloyd and Anbang is subject to regulatory approvals and is expected to occur in the course of 2015.

Executive Board chairman Niek Hoek: "This decision is in line with our strategy, which includes the ambition to grow in the Belgian life insurance and pensions market. The proposed sale of the banking activities in Belgium will strengthen the group's focus on insurance and unlock capital for investment in our strategic activities."

The sale process will not include Delta Lloyd's banking activities in the Netherlands. Delta Lloyd Bank Belgium and Delta Lloyd Bank Netherlands are separate entities positioned directly under Delta Lloyd NV, and both report into the group's Bank segment.

Anbang
Anbang is a leading insurance company based in Beijing with more than 30,000 employees and over
€ 90 billion in assets. It provides a comprehensive range of financial and insurance services and products to more than 20 million customers, including life insurance, pensions, health insurance, property and casualty insurance, bank and asset management, etc.

Since its founding, Anbang has delivered excellent results to its clients and utilised the most advanced technology to enhance the customer experience. As a Chinese insurance company with an international vision, Anbang has established a strategy to offer complete, globalised services to its clients and to realise stable, long-term returns through investments in asset allocation around the world. Anbang has identified Belgium for its unique position in the center of Europe. Its recent acquisition of Fidea in October 2014 is the first step of Anbang's strategy to provide comprehensive financial services to Belgian clients and to clients across Europe going forward. The proposed transaction will be the next step in implementing this strategy. Anbang will be keen to support Delta Lloyd Bank Belgium in its strategy to target mass affluent and high net worth individual
clients.

Delta Lloyd Bank Belgium
Delta Lloyd Bank Belgium focuses primarily on middle and high-end segment individual customers providing a comprehensive range of products and services, including deposits, investment products, asset management and lending. Through a network of branches and independent agents, the bank provides a geographical coverage with physical presence in premium locations for its target customers. Utilising the oldest and one of the most respected financial services brands established in Belgium - "Bank Nagelmackers 1747", the bank has developed a unique position in a highly attractive market offering strong margins and growth opportunities.

Media Relations             +31 (0)20 594 44 88
Martijn Donders, Anneloes Geldermans
mediarelations@deltalloyd.nl

Investor Relations          +31 (0)20 594 96 93
Roeland Haanen, Hans Duine
ir@deltalloyd.nl