Repayment internal Subordinated debt

Ageas announces that its Belgian subsidiary AG Insurance has redeemed its 5.25% Fixed-to Floating Rate Callable Subordinated Notes due 2044 on its first call date: 18 June 2024. This operation will have an estimated impact on Ageas’s Group Solvency of around – 2%. At the same time, it will create additional capacity to potentially issue Solvency eligible subordinated capital instruments.