SNS REAAL N.V. (“SNS REAAL”) announces that Lehman Brothers, as Sole Global Co-ordinator on behalf of the Underwriters of the offering, which was announced on 13 June 2007, has fully exercised the over-allotment option. The over-allotment option requires the selling shareholder, Stichting Beheer SNS REAAL, to sell an additional 3,030,303 existing ordinary shares (“Shares”) at the offer price of € 16.50 per Share. Total gross proceeds of the over-allotment option will be approximately € 50 million for Stichting Beheer SNS REAAL. Stichting Beheer SNS REAAL will own approximately 54.3% of SNS REAAL's outstanding share capital after the exercise of the over-allotment option.

The total offering of new and existing ordinary shares in the capital of SNS REAAL therefore increases to 36,363,636 shares and the total gross proceeds of the offering will amount to € 600 million, of which € 350 million is for SNS REAAL and € 250 million is for Stichting Beheer SNS REAAL. The total number of SNS REAAL shares outstanding is unaffected by the exercise of the over-allotment option and remains 258,555,997.