NN Group announces today that Jan Holsboer, chair of the Supervisory Board of NN Group N.V., has decided to step down as of the close of the annual general meeting (AGM) on 29 May 2019. The Supervisory Board has elected David Cole as Jan Holsboer's successor.

Jan Holsboer was appointed to the Supervisory Board on 1 March 2014 and was appointed chair on 7 July 2014. In June 2016, he was reappointed as member and chair of the Supervisory Board. David Cole was appointed to the Supervisory Board effective 1 January 2019.

Jan Holsboer: 'After a career of more than 50 years in the financial services sector and predominantly in the insurance industry, I have decided that the time has come to step down from the Supervisory Board of NN Group. It was a privilege to have been part of NN Group's journey, from the separation from ING Groep, the IPO in July 2014, to the acquisition and subsequent integration of Delta Lloyd Group. I would like to thank my colleagues in the Supervisory Board, the Executive and Management Boards, and all NN employees for their trust and cooperation over the years. I am proud of NN's achievements and leave the company knowing it is well positioned for the future. I wish my successor, David Cole, my Supervisory Board colleagues and NN every success.'

Lard Friese, CEO of NN Group: 'I consider it an honour and a pleasure to have worked closely with Jan Holsboer, as chair of our Supervisory Board, over the past 5 years. Jan has made a profound contribution to the development of NN. On behalf of the Executive and Management Boards, I would like to express my gratitude and appreciation for Jan's mentorship, his commitment to the company and his unwavering support. At the same time, I welcome the Supervisory Board's decision to elect David Cole as new chair and I look forward to our future collaboration.'

David Cole's appointment as chair has been approved by De Nederlandsche Bank (DNB), the Dutch supervisory authority. Jan Holsboer will continue his duties as chair and member of the Supervisory Board up to and including the AGM on 29 May 2019 to ensure a smooth transition to his successor.

Furthermore, the Supervisory Board has decided to nominate Hélène Vletter-van Dort for reappointment as member of the Supervisory Board for a term of four years. She has been member of the Supervisory Board since 6 October 2015. The proposal for reappointment will be submitted for adoption at the AGM.

Further information will be included in the convocation for the AGM, which will be available from 16 April 2019 at www.nn-group.com