PERSONAL PENSION PLAN. Defined contribution agreement (unit-linked insurance) Employer Policy number(s)

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1 UNIFORM PENSION OVERVIEW 2010 Delta Lloyd Levensverzekering NV DATE PERSONAL PENSION PLAN June 2010 OUR REFERENCE: UPO Status on 1 January 2010 Product name PERSONAL PENSION PLAN Insurance company Delta Lloyd Levensverzekering NV Contract type Defined contribution agreement (unit-linked insurance) Employer Policy number(s) You receive a pension overview every year because you participate in a pension plan through your employer. This overview provides insight into the payment you will receive when you retire or become occupationally disabled, but also into the payment your partner and/or children will receive if you die. All pension funds and insurance companies in the Netherlands use the same overview. This makes it much easier to understand your pension situation and simplifies your financial planning. KEEP YOUR PENSION OVERVIEW IN A SAFE PLACE. PLEASE READ THE NOTES CAREFULLY. THESE FORM AN INTEGRAL PART OF THE UNIFORM PENSION OVERVIEW. FOR WHOM IS THIS PENSION OVERVIEW INTENDED? For you For your partner born on xx xxxxxx xxxx Civil Service Number (BSN): born on xx xxxxxx xxxx For your children WHICH DATA FORM THE BASIS OF YOUR PENSION OVERVIEW? Employment start date Retirement date Part-time percentage Full-time pensionable salary Full-time state pension offset Full-time pensionable amount Defined contribution as a percentage of the pensionable amount Defined contribution Additional contribution xx xxxxxx xxxx xx xxxxxx xxxx xxx% xx.xx% x,xxx.xx x,xxx.xx

2 HOW MUCH CAPITAL CAN YOU ACCRUE? In this pension plan you accrue capital, which will be used to buy a life-long regular pension for you on your retirement date and for your partner (if you have one) upon your death. Please bear in mind that the capital amounts mentioned below are based on a projected return of 4.00% per year. The capital available on your retirement date may be more or less than the amounts indicated. Projected capital on your 65th birthday If you remain with your current employer until the age of 65 Projected capital on your 65th birthday If your current employment was terminated on 1 January 2010 Accrued value Investment value on 1 January 2010 If you die after the termination of your employment, capital will become available and will be used to pay a benefit to your surviving dependants from your death onwards. The available capital may be higher or lower than the amount indicated and will depend on the value of the investments. The available capital on 1 January 2010 amounted to. HOW MUCH PENSION WILL YOU RECEIVE? ON RETIREMENT Indicative pension if you remain with your current employer If you remain with your current employer, in addition to a death benefit the projected capital of xxx,xxx can be used to buy the following annual pension: from the age of 65 until your death, excluding state old-age pension (AOW) Indicative pension if your current employment is terminated If your current employment is terminated, in addition to a death benefit the projected capital of xx.xxx can be used to buy the following annual pension: from the age of 65 until your death x,xxx.xx, excluding state old-age pension (AOW) The above amounts are based on a projected interest rate of 4.00% and are indicative only. The level of the actual pension will depend on the charges and interest rates applicable on your retirement date. State old-age pension (AOW) When you reach the age of 65, you will receive a state old-age pension under the General Old Age Pension Act (Algemene ouderdomswet / AOW). If you have lived outside the Netherlands at any time between your 15th and 65th birthdays, you may receive a smaller AOW benefit. You will receive your company pension on top of the state pension.

3 IF YOU DIE DURING YOUR CURRENT EMPLOYMENT If you die before your retirement date Your partner will receive from your death until his/her 65th birthday from his/her 65th birthday until his/her death Your children will receive (amount per child) from your death until the age of 21, excluding state old-age pension (AOW) x,xxx.xx If you die after your retirement date The projected capital of xxx,xxx.xx that will be accrued if you remain with your current employer entitles your partner to the pension below. This is based on an assumed interest rate of 4.00%. The actual pension may be higher or lower than these amounts, because its level will depend on the capital available and the charges and interest rates applicable on your retirement date. Your partner will receive from your death until his/her 65th birthday from his/her 65th birthday until his/her death, excluding state old-age pension (AOW) Your children will receive (amount per child) Your children are not entitled to a pension upon your death. IF YOU DIE AFTER TERMINATION OF YOUR CURRENT EMPLOYMENT If you die before your retirement date The projected capital of that will be accrued if your current employment is terminated entitles your partner and/or children to the pension below. This is based on an assumed interest rate of 4.00%. The actual pension may be higher or lower than these amounts, because its level will depend on the capital available and the charges and interest rates applicable on your date of death. Your partner will receive from your death until his/her 65th birthday from his/her 65th birthday until his/her death, excluding state old-age pension (AOW) Your children will receive (amount per child) For more information on the options for your children, please see the notes. If you die after your retirement date The projected capital of xx.xxx.xx that will be accrued if your current employment is terminated entitles your partner to the pension below. This is based on an assumed interest rate of 4.00%. The actual pension may be higher or lower than these amounts, because its level will depend on the capital available and the charges and interest rates applicable on your retirement date. Your partner will receive from your death until his/her 65th birthday from his/her 65th birthday until his/her death, excluding state old-age pension (AOW) Your children will receive (amount per child): You children are not entitled to a pension upon your death. Surviving dependant s pension (ANW) Upon your death, your partner and/or children may be entitled to benefit under the Surviving Dependants Act (Algemene nabestaandenwet / ANW).

4 IN THE EVENT OF OCCUPATIONAL DISABILITY If you become occupationally disabled, you will not receive a supplement to the occupational disability benefit under the Work and Income (Ability to Work) Act (Wet werk en inkomen naar arbeidsvermogen / WIA). Please see the notes for more information, including on the implications of occupational disability for your future pension accrual. WHAT ARE THE OPTIONS? If you want to know more about the options available to you within your pension plan, please see the notes. WILL YOUR PENSION RETAIN ITS VALUE? We cannot answer the question as to whether the accrued capital will buy the same pension in future as we project today. We do not yet know how high your pension will be. Your actual pension will depend above all on: - how much has been paid in pension contributions; - how much capital is available after investment of the contributions; - how much pension you can buy with the capital. WHAT IS YOUR PENSION ACCRUAL? Factor A Pension accrual in 2009 For more information, please see the notes. xxx.xx DO YOU HAVE ANY QUESTIONS? If you have any questions after reading the notes, please contact the Client Service Desk of Delta Lloyd Levensverzekering NV on +31 (0) Our website also gives answers to frequently asked questions. This pension overview has been prepared with the utmost care. It is based on the information we have available and the pension plan rules. The pension plan rules prevail. You can request a copy of these rules from us.

5 NOTES Delta Lloyd Levensverzekering NV DATE UNIFORM PENSION OVERVIEW 2010 June 2010 OUR REFERENCE UPO Defined contribution agreement (unit-linked) WHAT YOU SHOULD KNOW ABOUT YOUR PENSION The Uniform Pension Overview shows the amounts you will receive when you retire or if you become occupationally disabled. It also shows the amounts your partner and/or children will receive if you die. You will receive this overview every year, giving you a good idea of your current and future pension situation. Pension overviews must be easily comparable and computable. That is why insurance companies and pension funds have jointly developed the Uniform Pension Overview. All pension funds and insurance companies use the same overview. This means that if you have pension plans with different pension funds or insurers, you can simply add together the amounts in the different pension overviews. And of course those for your partner, if applicable. The benefits in the pension overview are expressed in gross annual amounts; they are therefore subject to deduction of tax and social insurance contributions. How much you will have to pay depends on your personal circumstances. We would advise you to make sure you keep all the pension overviews together, including those of other pension plans. That way, you have a clear overview of your pension. For general information on pensions, see WHAT EVENTS CAN AFFECT YOUR PENSION? Certain events in your life will affect your pension, such as becoming occupationally disabled or dying, for instance. The pension overview shows the consequences of these events. But marriage, cohabitation, divorce or changing jobs also have consequences for your retirement pension or partner s pension. The pension plan rules explain these consequences. You can request a copy of these rules from us or your employer. If you have any questions, please contact Delta Lloyd Levensverzekering NV or your insurance adviser. THE NATURE OF YOUR PENSION PLAN What type of pension plan do you have? Your pension plan is contribution-based. This means that each year a percentage of the pensionable amount is used to build up your own pension capital. After deducting administration costs and risk premiums, we invest the contributions in investment funds. The investment value partly depends on price movements in the stock market. On your retirement date you must use the pension capital to buy a regular pension benefit. WHICH DATA FORM THE BASIS OF YOUR PENSION OVERVIEW? The information below is used to calculate the amounts indicated in the pension overview. Employment start date This is the date on which you started working for your current employer. Retirement date This is the date on which you are eligible to retire. Part-time percentage This is the percentage that you work in comparison to full-time employment. For example: if you work half days (20 hours a week) and full-time employment is 40 hours a week, then the part-time percentage is 50%. The calculation of the benefit payments takes account of the part-time percentage, if applicable.

6 UNIFORM PENSION OVERVIEW 2010 OUR REFERENCE: UPO Pensionable salary This is the part of your gross annual salary that is eligible for pension accrual. The amount stated is associated with full-time employment, and also applies if you work part-time. The pension plan determines what parts of the salary are eligible for pension accrual and are therefore pensionable. State pension offset This is the part of your pensionable salary on which you do not build up pension. You do not build up pension on this amount because you will receive a state old-age pension under the General Old Age Pension Act (Algemene ouderdomswet / AOW) from the age of 65 years. Pensionable amount This is your pensionable salary minus the state pension offset. Defined contribution as a percentage of the pensionable amount This is an age-related or a fixed percentage of your pensionable amount. You pension plan rules will list the percentages for each age category. Defined contribution This is the amount paid in contributions over a full year. Additional contribution This is the amount paid over and above the defined contribution in any one year. HOW MUCH CAPITAL CAN YOU ACCUMULATE? Projected capital on retirement date if you remain with your current employer This is a calculation of your pension capital on the basis of the return stated in the pension overview. This is a projected return. The actual return depends on the value of the investments as determined by price movements in the stock market. The pension capital may therefore be higher or lower than the amount indicated. This calculation assumes that you will work until your retirement and that contributions will be paid until that date. The pension contributions increase as you grow older. This is taken into account in the calculation of the capital amounts. The pension plan rules set out the way in which these contributions rise. Projected capital on your 65th birthday if your current employment was terminated This is a calculation of your pension capital on the basis of the return stated in the pension overview. This is a projected return. The actual return depends on the value of the investments as determined by price movements in the stock market. The pension capital may therefore be higher or lower than the amount indicated. This calculation assumes that your current employment was terminated on 1 January 2010 and that no contributions are paid after that date. Projected guaranteed capital This is an indication of the minimum pension benefit on your retirement date if the insurance is continued until the end date in conformity with the pension plan rules. A return is guaranteed on the value of the investments. However, the value of the investments will change depending on the investment performance and changing risk premiums. The projected guaranteed capital amounted to xxx,xxx on 1 January Accrued value The value of your unit-linked pension insurance is your pension capital. In unit-linked pension insurance, the contributions are invested net of administration costs and risk premiums. Units are bought in investment funds. The value of a unit is determined by the price of the underlying fund in the stock market. The pension overview shows the value of your unit-linked pension insurance if your employment had been terminated on 1 January HOW MUCH PENSION WILL YOU RECEIVE? Indicative pension This is a calculation of the annual pension that you can receive with the projected pension capital. The calculation is based on the charges that currently apply and the interest rate shown in the pension overview. This interest rate is indicative only. The charges may also change over time. The actual pension will be purchased on the basis of the charges and interest rates applicable at the time. Your pension commences on the first day of the month in which you reach retirement age. NOTE: The amounts mentioned here are gross annual amounts that will be paid in monthly instalments. They are still subject to tax and social insurance contributions.

7 UNIFORM PENSION OVERVIEW 2010 OUR REFERENCE: UPO State old-age pension (AOW) You will receive a state old-age pension (AOW) from the age of 65 years. You can consider this your basic income. The level of this benefit will depend on your personal circumstances. If you lived outside the Netherlands at any time between your 15th and 65th birthdays, you may receive a smaller AOW benefit. The level of the AOW benefit depends on the number of years you have lived or worked in the Netherlands. The Social Insurance Bank (Sociale Verzekeringsbank / SVB) administers the AOW pension on behalf of the government. For more information, visit In the event of your death If you die, your partner and/or any children will be entitled to a benefit. Your partner is your spouse, registered partner, or the person with whom you share a joint household. The pension plan rules define what is considered a joint household and how you can demonstrate this; in any case you may not be married to or have a registered partnership with any other person in your household. Your children are entitled to a benefit if they are under age 21, regardless of whether or not they live at home. However, the child must be your child and/or your partner's child. A foster child or your partner's child must also be raised and maintained by you. The partner s pension and orphan s pension are voluntary pension options. You therefore have no entitlement to partner s pension and orphans pension unless you have opted for this pension cover. If no such benefit is mentioned in the overview, and you want additional cover for your partner and children, then you must apply for this yourself via your employer. If you fail to do this, no benefit is insured for your partner and children. Please note that your partner and children will only receive benefits if you are still with your current employer when you die. If you stop working, you can decide to convert part of your pension into a benefit for your partner and children upon your death. If you choose this option, an amount totalling will be available for your partner when you die. Your partner may opt to convert part of this into an orphan s pension. If you and your partner die at the same time, or if you do not have a partner when you die, your children may use all the available capital for an orphan s pension until they reach age 30. In the pension overview, the entire projected capital after your current employment is terminated is used for a benefit for your partner if you die before your retirement date. The partner s pension and the orphan s pension that would potentially commence before your retirement date are insured by means of a guaranteed benefit. This means that if you die during your current employment, your partner and children will receive benefits at a guaranteed level. However, if you die after your current employment is terminated, your partner and children will not receive a guaranteed amount. In that case the level of the benefits will be based on a certain percentage of the value of the investment units and the charges and interest rates applicable on your date of death. Any partner s pension that commences after your retirement date as well as the retirement pension is purchased with the capital available on the retirement date and at the charges and interest rates applicable on that date. Surviving dependant s benefit Upon your death, your partner and/or children may be entitled to a statutory benefit from the state under the Surviving Dependants Act (Algemene nabestaandenwet / ANW). Your surviving partner may be eligible for surviving dependant's benefit if he or she: is under age 65 and was born before 1950, or has a child younger than 18 years of age, or is at least 45% occupationally disabled. The level of the ANW benefit for your partner depends on your partner's income. However, the ANW benefit for your children is not linked to your partner's income. To receive this benefit, your partner should apply to the Social Insurance Bank (Sociale Verzekeringsbank / SVB). This institution administers the ANW benefit on behalf of the government. For more information, visit NOTE: The amounts mentioned here are gross annual amounts that will be paid in monthly instalments. They are still subject to tax and social insurance contributions.

8 UNIFORM PENSION OVERVIEW 2010 OUR REFERENCE: UPO Occupational disability Have you been sick for longer than two years (by law 104 weeks) and have you been declared more than 35% occupationally disabled? If so, you are eligible for a state occupational disability benefit. You will receive this benefit from the Employee Insurance Schemes Executive Agency (Uitvoeringsorgaan Werknemersverzekeringen / UWV) on behalf the government under the Work and Income (Ability to Work) Act (Wet werk en inkomen naar arbeidsvermogen / WIA). The level of this benefit depends on the percentage of your disability and your income before you became unable to work. Your pension capital will continue to be built up as long as you are fully or partially occupationally disabled. The conditions for the contribution waiver in case of full or partial occupational disability are set out in your pension plan rules. If you are fully or partially disabled, the contributions will be paid by the insurance company. However, the defined contribution increases as you grow older. The pension plan rules set out the way in which the contribution rises. You have not taken out supplementary cover for occupational disability with our company. OPTIONS Your pension plan offers the following options. Conversion of partner s pension into retirement pension On your retirement date the accrued pension capital is used to buy a pension for yourself (retirement pension) and, if applicable, a pension for your partner (partner s pension). Subsequently, some or all of the partner s pension can be converted into a higher retirement pension. If you want to use this option, you should submit a request to Delta Lloyd Levensverzekering NV to that effect within a period of six months prior to your (possibly early) retirement date, but no later than that retirement date. Of course your partner, if you have one, must give permission for this conversion. Early or late retirement In consultation with your employer you can decide to retire before or after the standard retirement date. If you retire early, your pension benefit will be lower. If you retire later, your pension benefit will be higher. If you want to bring forward or put back your retirement date, you should submit a request to Delta Lloyd Levensverzekering NV to that effect within a period of six months prior to your (possibly early) retirement date. Higher or lower pension When you retire, you can opt to receive a higher pension for a number of years and then a lower pension for the rest of your life. You can also reverse this choice, so that you receive a lower pension for a number of years and then a higher pension for the rest of your life. If you want to use this option, you should submit a request to Delta Lloyd Levensverzekering NV to that effect within a period of six months prior to your (possibly early) retirement date. Part-time retirement In consultation with your employer, you can decide to take partial early or late retirement. This is only possible if you continue working part-time. If you want to use this option, you should submit a request to Delta Lloyd Levensverzekering NV to that effect within a period of six months prior to your preferred partial retirement date. WHAT IS YOUR PENSION ACCRUAL? Factor A If you want to calculate your tax allowance with a view to supplementing your pension with annuities, you need to know the annual pension accrual amount, factor A. The amount indicated on the pension overview is required for your 2010 income tax return. If you have received several pension overviews, you need to add up the factor A amounts on these overviews. If you want to calculate your tax allowance, you can use the Tax Department s Annuity Calculation Programme. This is available at Your financial adviser will also be able to help. NOTE: The amounts mentioned here are gross annual amounts that will be paid in monthly instalments. They are still subject to tax and social insurance contributions.

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