As NN Group announced on 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 information: https://www.nn-group.com/Investors/Dividends.htm