Netherlands: Delta Lloyd Group investor day highlights

• Cost savings on target
• Longevity risk under control, as impact of increase on solvency will be mitigated by cost savings
• Operational return on equity for 2010 in line with stated objectives¹
• Operational result forecast to rise at least 3% per year in 2011 and 2012
• Dividend per share forecast to grow at least 3% per year in 2011 and 2012.

Today, 22 November, Delta Lloyd Group is holding its first investor day for analysts and institutional investors. During the day, members of the executive board and managing directors of business units will give presentations providing updates on organisational simplification, financial performance and commercial activities.

Update on organisational simplification
In his presentation, CEO Niek Hoek will look at the progress and results of the announced organisational simplification. The aim is to achieve a clear separation between commercial activities (brands, marketing and sales) and support activities (product development, administration and processing).

Besides a simpler structure, lower overhead and clear division of responsibilities, the resulting organisation will also be better aligned to our customers’ needs. In addition, the simplification will enable substantial cost reductions and better service. The change process is progressing as planned and the new structure will be in place on 1 January 2011.

Cost savings mitigate increase in longevity risk
The cost reduction programme is also bearing fruit, with the targeted €50 million of savings for 2010 on target to reduce costs below €950 million.

The impact of (future) cost savings is expected to mitigate the effects of increased longevity risk. Therewith the combined impact of cost savings and increased longevity on IGD solvency is under control (approximately 5% points).

Operational result and dividend expectations
Operational return on equity for 2010 is in line with stated objectives¹. Delta Lloyd Group forecasts to increase its operational result by at least 3% per year in 2011 and 2012 compared to 2010. As a result, dividend growth is also expected to be at least 3% for 2011 and 2012.

Sessions
The investor day will consist of two sessions conducted by members of the executive board and managing directors which can be followed via a webcast.

10am-12.45pm - Update on organisational simplification, financial performance and commercial activities, followed by a presentation on general insurance.

1.45pm-5pm - Presentations on Dutch and Belgium life insurances, bank and asset management.

The presentations are available on the website of Delta Lloyd Group (www.deltalloydgroup.com) from 8.30am CET.

The investor day (English spoken) can be followed via a live webcast at www.deltalloydgroup.com.

-ends-

¹ Operational return on equity in range of 8–12% (midpoint at 10%)

More information:

Delta Lloyd Group
Media relations +31 (0) 20 594 44 88
Investor relations +31 (0) 20 594 96 93

Notes to editors:

About Delta Lloyd Group

Delta Lloyd Group is a financial services provider offering life insurance, general insurance, asset management and banking products and services. Delta Lloyd Group's target markets are the Netherlands and Belgium.

The Group operates primarily under the brand names of Delta Lloyd, OHRA and ABN AMRO Insurance in the Netherlands, and under the Delta Lloyd brand name in Belgium. Delta Lloyd Group employs approx. 6,000 permanent staff is listed on NYSE Euronext Amsterdam.

Important information

• Certain statements contained in this press release that are not historical facts are "forwardlooking statements". These forward-looking statements are based on management’s beliefs and projections and on information currently available to them. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Delta Lloyd Group's control and all of which are based on management's current beliefs and expectations about future events.
• Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Delta Lloyd Group undertakes no duty to and will not update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement as a result of risks and uncertainties facing Delta Lloyd Group and its subsidiaries. Such risks, uncertainties and other important factors include, among others: (i) changes in the financial markets and general economic conditions, (ii) changes in competition from local, national and international companies, new entrants in the market and self-insurance and changes to the competitive landscape in which Delta Lloyd Group operates, (iii) the adoption of new, or changes to existing, laws and regulations, (iv) catastrophes and terrorist-related events, (v) default by third parties owing money, securities or other assets on their financial obligations, (vi) equity market losses, (vii) long- and/or short-term interest rate volatility, (viii) illiquidity of certain investment assets, (ix) flaws in underwriting assumptions, pricing and/or claims reserves, (x) the termination of or changes to relationships with principal intermediaries or partnerships, (xi) the unavailability and unaffordability of reinsurance, (xii) flaws in Delta Lloyd Group’s underwriting, operating controls or IT systems, or a failure to prevent fraud, (xiii) a downgrade (or potential downgrade) of Delta Lloyd Group’s credit ratings, (xiv) the outcome of pending, threatened or future litigation or investigations, and (xv) a conflict between Aviva and minority shareholders in Delta Lloyd Group.
• Should one or more of these risks or uncertainties materialise, or should any underlying assumptions prove to be incorrect, Delta Lloyd Group 's actual financial condition or results of operations could differ materially from those described herein as anticipated, believed, estimated or expected.
• Please see the Annual Report for the year ended 31 December 2009 for a description of certain important factors, risks and uncertainties that may affect Delta Lloyd Group’s businesses.
• The figures in this press release have not been audited.