13 June 2014

Today, Delta Lloyd N.V. ('Delta Lloyd') has successfully placed a new € 750 million fixed-to-floating-rate subordinated note transaction at a coupon of 4.375%. The perpetual notes, which were sold to a wide range of investors, can be redeemed at Delta Lloyd's option from 13 June 2024 onwards. Delta Lloyd settled the offering on 13 June 2014. The notes are to be admitted for trading on Euronext following the settlement.

Delta Lloyd chairman of the Executive Board Niek Hoek: "The issue strengthens our capital base and raises our IGD group solvency ratio to well above 200%. This transaction is in line with Delta Lloyd's ambition to broaden its investor base and thus ensure good access to the capital market. The successful placement confirms that investors trust our strategy and our credit story. Conditions in the market for this type of transaction, the first perpetual in the institutional euro market by a Dutch insurer since 2005, are currently very good. There was great interest in the notes."

Delta Lloyd has placed the subordinated notes with a wide range of international institutional investors. The issue was more than seven times oversubscribed. The term is perpetual, with the option to repay at par after 10 years (perpetual non-call 10 structure). Delta Lloyd will use the net proceeds from this issuance for general corporate purposes. The notes qualify as Upper Tier 2 capital for Delta Lloyd under IGD. Standard & Poor's Ratings Services has assigned a BBB- rating to the notes. Delta Lloyd NV has a BBB+ rating, with stable outlook.

The syndicate of banks consisted of ABN AMRO Bank, Barclays Bank, Bank of America Merrill Lynch International, Morgan Stanley & Co. International and RBC Europe.

Summary Terms
Issuer: Delta Lloyd N.V.
Issue rating: BBB- (S&P)
Issue size: € 750 million
Settlement date: 13 June 2014
First call date: 13 June 2024
Coupon: 4.375%
First coupon date: 13 June 2015
Issue price: 99.492%


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, Marscha Corzilius
ir@deltalloyd.nl

Treasury                                  +31 (0)20 594 92 29
Frans de Jong
Frans_de_jong@deltalloyd.nl

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