Delta Lloyd: support from DNB and VEB

Delta Lloyd announces that De Nederlandsche Bank ("DNB") confirmed in a letter to Delta Lloyd, which has been filed with the Enterprise Court of Amsterdam, Delta Lloyd's position that Highfields Capital's ("Highfields") request to the Enterprise Court should be rejected. Highfields requested to prohibit the voting on the proposed rights issue at the shareholders meeting of 16 March 2016. DNB states that a postponement of the voting and the ensuing uncertainty on the rights issue is detrimental to Delta Lloyd.

The VEB, main advocate for Dutch investors, has sent a similar letter to the parties and the Enterprise Court. The VEB emphasizes that the shareholders meeting, not court action, is the appropriate forum to discuss the merits of and decide on the proposed rights issue.