2-04-2020

VIVAT NV announces Tender Offer for any and all of its EUR 650,000,000 Fixed Rate Unsubordinated Notes due 2024

The Purchase Price for the Notes will be determined by reference to a spread of 160 bps over the interpolated mid-swap rate as detailed in the Tender Offer Memorandum dated 2 April 2020. Copies of the Tender Offer Memorandum are (subject to offer restrictions) available from the Tender Agent as set out below. Capitalised terms used and not otherwise defined in this announcement have the meanings given to them in the Tender Offer Memorandum.

Rationale for the Offer

The purpose of the Offer is to optimise the funding structure of the Issuer by efficiently applying surplus liquidity, following the Issuer's acquisition by Athora. The tender offer is being made on a voluntary basis by the Issuer and does not require any minimum level of participation to be completed.

Citigroup Global Markets Limited and NatWest Markets NV are acting as Dealer Managers for the Offer and Lucid Issuer Services Limited is acting as Tender Agent.

Dealer Managers

Citigroup Global Markets Limited, Telephone: +44 20 7986 8969, Email: liabilitymanagement.europe@citi.com

NatWest Markets NV, Telephone: +44 20 7678 5282, Email: liabilitymanagement@natwestmarkets.com

Tender Agent

Lucid Issuer Services Limited, Telephone: +44 20 7704 0880, Email: vivat@lucid-is.com