As NN Group announced on 25 February 2016, its shareholders were given the option to receive the final dividend for 2015 of EUR 1.05 per ordinary share either in cash or in ordinary shares.

Shareholders who have elected to receive the dividend in shares will receive one NN Group N.V. ordinary share for every 24.71 ordinary shares held. The stock fraction is based on the volume-weighted average price of EUR 25.948 for NN Group shares on Euronext Amsterdam for the five trading days from 15 June through 21 June 2016. Any remaining stock fractions will be paid in cash using the volume-weighted average share price of EUR 25.948. 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 45.8% of shareholders have elected to receive the dividend in ordinary shares. Consequently, 6,020,620 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 156 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. The share buyback will be executed under the programme and within the limitations of the existing authority granted by the General Meeting on 2 June 2016. 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 programme will be executed by financial intermediaries by 31 May 2017, and will be 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 28 June 2016. For further information:

https://www.nn-group.com/Investors/Dividends.htm