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NN Group NV: NN Group announces stock fraction for 2016 interim dividend and repurchase of shares to neutralise stock dividend

As NN Groupannouncedon 18 August 2016, its shareholders were given the option to receive a 2016 interim dividend of EUR 0.60 per ordinary share either in cash or in ordinary shares.
Shareholders who have elected to receive the interim dividend in shares will
receive one NN Group N.V. ordinary share for every 44.51 ordinary shares
held. The stock fraction is based on the volume-weighted average price of EUR
26.704 for NN Group shares on Euronext Amsterdam for the five trading days
from 30 August up to and including 5 September 2016. Any remaining stock
fractions will be paid in cash. The stock and cash dividend are approximately
equal in value. For shareholders that have not made a choice during the
election period, the dividend will be paid in cash.

Approximately 42.3% of shareholders have elected to receive the interim
dividend in ordinary shares. Consequently, 3,086,014 new ordinary shares will
be issued as stock dividend.

NN Group will neutralise the dilutive effect of the stock dividend through the
repurchase of ordinary shares for a total amount of EUR 82 million,
equivalent to the value of the stock dividend. This share buyback will be in
addition to the open market share buyback programme for an amount of up to
EUR 500 million which was announced on 26 May 2016 and the repurchase of
shares for an amount of EUR 156 million to neutralise the dilutive effect of
the stock dividend related to the 2015 final dividend. These share buybacks
will be executed under the programme by financial intermediaries by 31 May
2017. The shares will be repurchased at a price that does not exceed the last
independent trade or the highest current independent bid on Euronext
Amsterdam. The share buyback programme is being executed within the
limitations of the existing authority granted by the General Meeting on 2
June 2016 and is being performed in compliance with the safe harbour
provisions for share buybacks. NN Group intends to cancel all of the
repurchased shares acquired under the programme.

Payment of the dividend in cash, after deduction of statutory withholding tax
if applicable, and the transfer of the new ordinary shares and settlement of
fractions in cash will take place on 9 September 2016. For further

| Press enquiries NN Group Investor enquiries NN Group |
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|Daphne Andriesse Investor Relations |
|+31 (0) 6 83 641 626 +31 88 663 5464 |
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NN Group profile

NN Group is an international insurance and asset management company, active in
more than 18 countries, with a strong presence in a number of European
countries and Japan. With around 11,500 employees the group offers retirement
services, insurance, investments and banking to more than 15 million
customers. NN Group includes Nationale-Nederlanden, NN and NN Investment
Partners. NN Group is listed on Euronext Amsterdam (NN).

Important legal information

All figures in this document are unaudited. Small differences are possible in
the tables due to rounding. Certain of the statements contained herein are
not historical facts, including, without limitation, certain statements made
of future expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ materially from
those in such statements due to, without limitation: (1) changes in general
economic conditions, in particular economic conditions in NN Group's core
markets, (2) changes in performance of financial markets, including
developing markets, (3) consequences of a potential (partial) break-up of the
euro, (4) changes in the availability of, and costs associated with, sources
of liquidity as well as conditions in the credit markets generally, (5) the
frequency and severity of insured loss events, (6) changes affecting
mortality and morbidity levels and trends, (7) changes affecting persistency
levels, (8) changes affecting interest rate levels, (9) changes affecting
currency exchange rates, (10) changes in investor, customer and policyholder
behaviour, (11) changes in general competitive factors, (12) changes in laws
and regulations, (13) changes in the policies of governments and/or
regulatory authorities, (14) conclusions with regard to accounting
assumptions and methodologies, (15) changes in ownership that could affect
the future availability to us of net operating loss, net capital and built-in
loss carry forwards, (16) changes in credit and financial strength ratings,
(17) NN Group's ability to achieve projected operational synergies and (18)
the other risks and uncertainties detailed in the Risk Factors section
contained in recent public disclosures made by NN Group.

Any forward-looking statements made by or on behalf of NN Group speak only as
of the date they are made, and, NN Group assumes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information or for any other reason.

This document does not constitute an offer to sell, or a solicitation of an
offer to buy, any securities.

NN Group Press Release


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NN Group NV via Globenewswire

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