Aegon Ltd. · EURONEXT:AGN
Aegon — Shareholder Meeting (June 2026)
48 slides from Aegon's shareholder meeting presentation, Jun 10, 2026
Slide 1: Welcome Annual General Meeting of Shareholders
Filed by Aegon Ltd. Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Aegon Ltd. Commission File No. : 001-10882 Welcome Annual General Meeting of Shareholders Bermuda, June 10, 2026
Slide 2: Disclaimer: Important Information for Investors and Securityholders
Disclaimer Important Information for Investors and Securityholders This communication is not intended to and does not constitute an offer to sell, buy or exchange or the solicitation of an off er to sell, buy or exchange any securities or the solicitation of any vote or approval in any jurisdiction,
Slide 3: David Herzog, Chair of the Board of Directors
David Herzog Chair of the Board of Directors
Slide 4: Agenda item: Opening
Agenda item 1 Opening 4
Slide 5: Annual Report and Annual Accounts 2025
Annual Report and Agenda item 2 Annual Accounts 2025 5
Slide 6: Business Overview 2025, redomiciliation update, Annual Accounts 2025
Business Overview 2025, update on the redomiciliation Agenda items 2.1 and 2.2 process , and presentation of the Annual Accounts 2025 6
Slide 7: Lard Friese, CEO
Lard Friese CEO
Slide 8: Welcome
Welcome 8
Slide 9: Transforming Aegon
Transforming Aegon ▪ Solid 2025 results demonstrate strength of strategy and ability to deliver on ambitions ▪ Delivered or exceeded financial targets set at CMD 2023 ▪ Continued to return capital to shareholders through dividends and share buybacks ▪ Unlocking next chapter in Aegon’s transformation
Slide 10: Delivering on commitments: financial targets for 2025
Delivering on commitments Financial targets for 2025 (in EUR million) 1 Operating capital generation US Financial Assets capital employed US capital employed (in USD billion) (in USD billion) 5.6 9.1 1,460 8.6 7.9 1,287 1,280 3.9 45% 34% Financial Assets ✓ 62% 2.7 ✓ 66% Strategic Assets 55% 38% FY20
Slide 11: Strong commercial momentum at Transamerica Americas
Strong commercial momentum at Transamerica Americas Protection Solutions Distribution Savings & Investments WFG licensed agents New individual life sales Net deposits mid -sized plans (number in thousand) (in USD billion) (in USD million) 96 1.1 617 86 473 0.6 36 36 37 36 FY24 FY25 FY24 FY25 FY24 FY
Slide 12: Commercial momentum in other units
Commercial momentum in other units International Asset Management New life sales Third-party net deposits (in EUR million) (in EUR billion) 269 13.7 266 24 27 37 4.5 35 64 71 9.2 3.1 144 132 2.1 1.0 FY24 FY25 FY24 FY25 TLB and others Strategic Partnerships Spain & Portugal Global Platforms China Bra
Slide 13: Our purpose guided our actions
Our purpose guided our actions ▪ Supporting customers in making confident financial choices ▪ More focused and data -driven approach to sustainability ▪ External recognition for sustainability approach 13
Slide 14: Our transformation journey since 2020
Our transformation journey since 2020 Our vision: Increasing focus Leader in investment, Building foundations protection, and retirement Implementing strategy solutions 14 14
Slide 15: Relocating to the US
Relocating to the US ▪ Focusing on the large and growing US market for life, protection and retirement solutions ▪ Building a bigger, broader, and more profitable US life insurance and retirement industry leader The Next Frontier: to become a leading ▪ After the relocation, Aegon Ltd. will continue
Slide 16: Timeline to complete the relocation
Timeline to complete the relocation 4Q 2026 Aim for Jan. 1, 2028 Legal domicile & EGM for approval Transition of legal seat and group regulator 1 of relocation regulator ; Aegon becomes domestic issuer Feb. 2027 Aug. 2027 2H 2027 Aim for Jan. 1, 2028 Group Update on Update on CMD Renaming Aegon Ltd.
Slide 17: Concluding remarks
▪ Continued strong progress on Aegon’s transformation ▪ Continued to deliver or outperform on our financial commitments Concluding remarks ▪ Ready for the next frontier ▪ Extraordinary General Meeting (EGM) in fourth quarter of 2026 17
Slide 18: Thank you
Thank you
Slide 19: Extraordinary General Meeting of Shareholders: timeline and agenda items
Extraordinary General Timeline and agenda Meeting of Shareholders items 19
Slide 20: Path to the EGM redomiciliation vote – indicative timeline
Path to the EGM redomiciliation vote – indicative timeline Multiple opportunities for engagement leading to the EGM Proposed governance framework and Transition to US domestic agreement with Vereniging Aegon on issuer subject to US GAAP EGM investor Investor engagement on 1 go-forward structure anno
Slide 21: Business Overview 2025, redomiciliation update, Annual Accounts 2025
Business Overview 2025 , update on the redomiciliation Agenda items 2.1 and 2.2 process, and presentation of the Annual Accounts 2025 21
Slide 22: Agenda item 2.3 Remuneration Report 2025 – Advisory vote
Agenda item 2.3 Remuneration Report 2025 Advisory vote 22
Slide 23: Mark Ellman, Chair of the Compensation & Human Resource Committee
Mark Ellman Chair of the Compensation & Human Resource Committee
Slide 24: Remuneration Report content as published in the 2025 Integrated Annual Report
Report content as published in the 2025 Integrated Annual Report ▪ Business and remuneration highlights 2025 Remuneration ▪ Remuneration at Aegon in general ▪ Remuneration Report regarding the Non - Report Executive Directors ▪ Remuneration Report regarding the Executive Director
Slide 25: 2025 Non-Executive Director remuneration
2025 Non-Executive Director remuneration 1 2 In EUR thousand Retainer cash Retainer shares Benefits Total 2025 Total 2024 As of June 12, 2025 81 28 109 David Herzog Chair as of November 13, 2025 Until November 12, 2025 William Connelly 325 108 433 500 Mark Ellman 130 30 160 153 Corien Wortmann 130 3
Slide 26: CEO remuneration
CEO remuneration 1 Allocated remuneration in 2025 In EUR 2 Salary STI Pension Benefits Total 2025 Total 2024 thousand 1,365 1,869 205 103 3,542 3,385 2025 Short -Term Incentive outcome Performance metrics Weight Target Result Score Operating Capital Generation 45% 1,187 1,287 142% Commercial metric
Slide 27: CEO remuneration continued
CEO remuneration continued 2026 Compensation package In EUR Target Total Salary Pension Target STI Target LTI thousand Compensation 221 1,472 3,685 1,474 6,854 15% 100% 250% Open cycle Long -Term Incentive Plans At target grant Value at grant date Holding LTI cycle (# of shares) (in EUR thousand) Ve
Slide 28: Agenda item 2.3 Remuneration Report 2025 – Advisory vote
Agenda item 2.3 Remuneration Report 2025 Advisory vote 28
Slide 29: How to vote
▪ Please submit your vote by clicking on “for”, “against”, or “withheld” ▪ You can change your vote until the voting is closed ▪ A vote confirmation will be displayed Click here to vote How to vote 29
Slide 30: Approval of the final dividend 2025
Approval of the final dividend Agenda item 2.4 2025 Voting item 30
Slide 31: Dividend
Dividend ▪ It is proposed that the final dividend for 2025 will amount to EUR 0.21 per common share and EUR 0.00525 per common share B ▪ If approved, and in combination with the interim dividend paid over the first half of 2025, Aegon’s total dividend over 2025 will amount to EUR 0.40 per common sha
Slide 32: Proposal to appoint EY as independent auditor for 2027
Proposal to appoint Agenda item 3 .1 EY as independent auditor for the 2027 financial year Voting item 32
Slide 33: Composition of the Board of Directors of Aegon
Composition of the Board Agenda item 4 of Directors of Aegon Voting item 33
Slide 34: Alteration of bye-law 21.2 and extension of Lard Friese's term
Approval of alteration of bye-law 21.2 and extension of Mr. Lard Friese’s term as Executive Director (CEO) of the Agenda item 4.1 Board of Directors until the end of the AGM in 2030 Voting item 34
Slide 35: Mr. Lard Friese
Mr. Lard Friese ▪ Age: 63 ▪ Nationality: Dutch ▪ Main occupation: CEO and Chairman of the Executive Committee of Aegon Ltd. ▪ Shares in Aegon: 401,874 Memberships of other Boards: ▪ Chairman of the Board of Directors of the Geneva Association ▪ Member of the Supervisory Board of Pon Holdings B.V. (n
Slide 36: Election of Ms. Leni Boeren as member of the Board
Election of Ms. Leni Boeren as member of the Board of Agenda item 4.2 Directors until the end of the AGM in 2030 Voting item 36
Slide 37: Ms. Leni Boeren
Ms. Leni Boeren ▪ Age: 62 ▪ Nationality: Dutch ▪ Main occupation: Non -Executive Director ▪ Shares in Aegon: none Memberships of other Boards: ▪ Non-Executive member of the Board of Directors of Air France -KLM (listed) ▪ Member of the Supervisory Board of NIBC Bank ▪ Vice -Chair of the Supervisory
Slide 38: Composition of the Board of Directors of Aegon
Composition of the Board Agenda item 4 of Directors of Aegon Voting item 38
Slide 39: Exclusion of pre-emptive rights and acquisition of shares
Exclusion of pre -emptive Agenda item 5 rights and acquisition of shares Voting item 39
Slide 40: Authorization to exclude pre-emptive rights: issuance under 10%
Authorization of the Board of Directors to restrict or exclude pre-emptive rights in connection with an issuance of common shares of less than Agenda item 5.1 10% of the Company’s issued share capital Voting item 40
Slide 41: Authorization to exclude pre-emptive rights: rights issue over 10%
Authorization of the Board of Directors to restrict or exclude pre-emptive rights in connection with a rights issue in excess of 10% of the Agenda item 5.2 Company’s issued share capital Voting item 41
Slide 42: Authorization to acquire shares in the Company
Authorization of the Board of Agenda item 5.3 Directors to acquire shares in the Company Voting item 42
Slide 43: Exclusion of pre-emptive rights and acquisition of shares
Exclusion of pre -emptive Agenda item 5 rights and acquisition of shares Voting item 43
Slide 44: Voting results
Voting results ® aegon
Slide 45: Agenda item: Any Other Business
Agenda item 6 Any Other Business 45
Slide 46: Agenda item: Closing
Agenda item 7 Closing 46
Slide 47: Thank you
® aegon Thank you
Slide 48: End of Aegon's 2026 Annual General Meeting of Shareholders
End of Aegon’s 2026 Annual General Meeting of Shareholders