Eureko 2006 Interim Results “Strong financial performance sustained ”

1. Eureko 2006 Interim Results “Strong financial performance sustained ” “New organisation and management team in place” Gerard van Olphen Chief Financial Officer 17 August 2006

2. Disclaimer This document contains certain forward-looking statements with respect to certainof the plans and objectives of the Company and its subsidiaries (together the“Group”) and to the Group’s current expectations relating to its future financialcondition and performance. The Group may also make forward-lookingstatements in other written materials. In addition, the Group’s senior managementmay make forward-looking statements orally to analysts, investors, representativesof the media and others. In particular, among other statements, certain statementswith regard to management objectives, trends in results of operations and revenuesare forward-looking in nature. These forward looking statements are based on management’s current views, estimates and assumptions about these future events. By their nature, forward-lookingstatements are subject to certain risks and uncertainty that may cause the Group’s actual results todiffer materially from those set forth in the Group’s forward-looking statements. The Company undertakes no obligation to update the forward-looking statement contained in this presentation or any other forward-looking statement made in any form by the Group. The information contained herein is not an offer of securities for sale in the UnitedStates of America or any other country. Eureko B.V. has not registered and will not register anysecurities under the U.S. Securities Act of 1933, as amended, and securities may not be offered, sold or delivered in the United States ofAmerica absent registration or an exemption from registration.

3. Agenda Main developments Financial highlights per business line New organisation and management team in place Summary and Outlook Appendix

4. Development of key financial indicators, June 2006 • Net profit almost doubled to € 669 million, from € 338 million at June 2005 • Profit before tax increased 119% to € 849 million from € 387 million • Gross written premiums up to € 7,910 million, from € 3,471 million, (+128%) • Total equity remained stable at € 8.5 billion, compared to December 2005 • Debt leverage slightly increased to 10.9% from 9.6% at December 2005 • Return on adjusted equity satisfactory at 17.7% from 19.2% at June 2005 • Earnings per ordinary share increased by 36% to € 2.28 from € 1.68 at June 2005 • Proposed interim dividend per ordinary share at € 0.31 Notes: All financials are statutory: Interpolis is included in the Balance Sheet for 2005 and 2006 and included in the Income Statement for 2006. Return on adjusted equity is measured excluding goodwill, hybrid capital and preference shares

5. Profit before tax improved 119% … … from € 387 million to € 849 million € million Pro forma profit before tax includes Interpolis 557

6. Total equity remained stable at € 8.5 billion € million 355

7. Gross written premiums increased by 128% … … from € 3,471 million to € 7,910 million € million 7% 7,371 203% H1 2006 100% H1 2005 16% 68% 3,189 2,638 0% 1% 1,544 = Pro forma 2005 includes GWP for Interpolis for Life, Non-Life and Health and the former Public Health Funds for Health

8. Agenda Main developments Financial highlights per business line New organisation and management team in place Summary and Outlook Appendix

9. Life insurance continues recovery: positive VNB € million Pro forma GWP includes Interpolis Gross written premiums increased in all countries, but mainly in the Dutch market because of the inclusion of Interpolis. Excluding the contribution from Interpolis, premium growth in The Netherlands remained stable. Achmea re-entered, this Summer, the market for annuities with a value adding product. Besides growth of GWP, Friends First, grew in investment-only contracts, which, under IFRS, do not contribute to the premium collection. Interamerican showed a 2% growth in a competitive market 2,638 +100% Technical results strongly increased resulting from the merger with Interpolis and the release of a provision for low interest rates of € 65 million. Excluding the one-off effects, growth was at 103% from € 56 million to € 115 million New business margin increased as a result of the acquisition of Interpolis, selling more profitable products; at Achmea a lower expense ratio; at Achmea and Interamerican lower acquisition costs and more new value creating product launches by Friends First. Improvements also experienced as a result of the adoption of the European Embedded Value Principles

10. Non-Life performance remains very strong € million Pro forma GWP includes Interpolis 1,544 Gross written premiums strongly increased in the Dutch market, at Achmea, as a result of the inclusion of Interpolis, a strong commercial campaign, innovative products and a strong product range, despite pricing pressure experienced +68% +42% Technical results improved as a result of the inclusion of Interpolis, but also because of a lower combined ratio and increased investment results 85.7% 87.2% The combined ratio further decreased as a result of lower claims (e.g. increased congestion, more roundabouts), whilst the expense ratio increased due to commissions paid by Interpolis and higher allocated expenses. Expense Ratio Claims Ratio

11. Health: strong growth in premiums; modest profitability € million Gross written premiums increased by the inclusion of the public health insurance funds per 1 January 2006 (new Dutch health insurance system) from € 1,003 million to € 3,292 million for Health insurance. The number of insured increased by 569,000 to 3.5 million across all our distribution channels, mainly brokers, group contracts and the Rabobank channel Occupational health insurance grew strongly 87% from € 224 million to € 420 million by the inclusion of Interpolis, which gives Achmea a very strong position in this market Pro forma GWP incl. Interpolis, and Public Health Funds 3,712 3,189 +203% The technical result increased by € 8 million compared to the first six months of 2005. The inclusion of Interpolis and positive run-off results from the Occupational Health business are largely offset by the investments in the new basic health insurance both in the Netherlands and Slovakia 13% 96.9% 100.5% Expense Ratio The combined ratio increased by additional provisioning for the new basic health insurance. With the introduction of the new basic health system, the claims ratio has become less important due to equalisation of claims between insurance companies, as acceptance of insured is legally required. Main drivers for results are expenses per insured and procurement efficiency for health expenses, the claims on supplementary health insurance and occupational health Claims Ratio

12. Health Services: fierce price competition and low absenteeism € million 17% Revenues increased by inclusion of Interpolis. Fierce price competition and lower absenteeism in The Netherlands, have a negative impact on the revenues Strong decline of profit before tax as a result of fierce price competition and lower absenteeism (due to low sickness of clients’ employees). Following the completed restructuring at Achmea, last year, Interpolis subsidiary Commit will start a restructuring programme to improve efficiency. The Interamerican Health Clinics in Greece are all profitable in 2006

13. Banking experiences pressure on margins € million -14% Net interest margin declined due to smaller portfolio at Achmea Mortgage Bank and pricing pressure on interest margins The profit before tax of Achmea Mortgage Bank decreased from € 18 million to € 16 million, as a result of lower production and declining margins. The main decline in profit before tax comes from Staalbankiers due to strong competition. Friends FirstFinance continues to grow, supported by the economic development within Ireland -58% 16,459 16,350 -1% The banking credit portfolio slightly decreased by a decrease at the Achmea Mortgage Bank. The mortgage portfolio at the Achmea mortgage bank decreased by -4%. Growth was established at Staalbankiers (+15%), Achmea Retailbank (+29%) and Friends First Finance (+14%) Other Staalbankiers Achmea Hypotheekbank

14. Associate Companies and Strategic Investments PZU Figures has been based upon Eureko expectation as limited information has been received from PZU Other The other associates include contribution from MillenniumBCP and F&C and the sale of Friends Provident and Bank Millennium shares

15. Agenda Main developments Financial highlights per business line New organisation and management team in place Summary and Outlook Appendix

16. Merger Achmea – Interpolis is progressing fast 21 September 2005 Signing of merger Achmea – Interpolis 31 October 2005 Economic closing of the merger 15 November 2005 Legal closing of the merger 8 December 2005 Combined strategy memo approved 16 January 2006 Assignments of managers for Holding & Service units 13 February 2006 Assignments of Dutch Division managers 22 February 2006 Press release on expected FTE reduction 20 March 2006 New Division structure approved May 2006 Union and Workers Council approval 1 July 2006 Appointment of full management teams for Dutch Divisions 17 July 2006 Announcement on reducing the Executive Board per 1 October 2006

17. Management Team in place per 1 October • On 18 July, Eureko announced the resignation of Kick van der Pol (Vice-Chairman), Gert van Arkel and Margriet Tiemstra from the Eureko Executive Board, as from 1 October 2006 • From 1 October 2006, the Executive Board will consist of: - Maarten Dijkshoorn (Chairman and CEO) - Ernst Jansen (Vice-Chairman) - Willem van Duin - Huub Hannen - Gerard van Olphen (CFO) - Roel Wijmenga

18. Agenda Main developments Financial highlights per business line New organisation and management team in place Summary and Outlook Appendix

19. Summary and Outlook SUMMARY • Strong sustained financial performance • Life insurance continues recovery with a positive Value of New Business • Non-Life insurance performance remains strong • Health insurance shows strong premium growth with modest profitability • Banking experiences pressure on margins • Associates and strategic investments continue to make an important contribution • New organisation and management team in place OUTLOOK We have no reason to re-state or qualify earlier assessments, but: • Pricing pressure is expected to impact Gross Written Premiums in the second half of 2006 • Health experiences an uncertain market environment • Integration of Achmea and Interpolis is expected to lead to cost reductions

20. Agenda Main developments Financial highlights per business line New organisation and management team in place Summary and Outlook Appendix

21. New organisational structure as per 1 July Eureko Achmea Division Occupational Health Division Europe Division Broker Division Direct Division Bank Division Pensions Division Health Insurance solutions and services in the areas of absenteeism prevention, health and re-integration Direct writing of insurance and banking products Business partner for all Rabobank group units in non-life, pensions, occupational health and health Development and distribution of specific service concepts via independent brokers, networks & authorised agencies Increase the emphasis on international expansion and development outside The Netherlands Solutions and expertise in the areas of work, health and income protection Group and individual products that provide financial security for the future Product Divisions Channel Divisions