Company: AEGOF
Filing Date: 2025-05-15
Form Type: F-3ASR
Source: 0001193125-25-120338
Chunk: 34

Company: AEGON LTD.
Filing Date: 2025-05-15
Form: F-3ASR
Chunk 34
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 remain outstanding, the issuer and its subsidiaries may not secure any indebtedness in respect of borrowed moneys having an original maturity of more 28

than two years by granting security upon any of their present or future assets or revenues unless they effectively provide that the same or equal and ratable security (or other security acceptable to the trustee) is accorded to all debt securities of that series for so long as the secured indebtedness is so secured. This limitation does not apply to:

| • |     | security created over any shares in or any securities owned by any subsidiaries that are not principally engaged                                                                                   
 in the business of insurance and that do not contribute more than 10% of Aegon’s total aggregate consolidated gross premium income as reflected in its most recent annual profit and loss account; |

| • |     | security created in the normal course of the insurance business carried on in a manner consistent with generally 
 accepted insurance practice for that insurance business;                                                         |

| • |     | security created in the normal course of the asset management business carried on in a manner consistent with 
 generally accepted practices for that asset management business;                                              |

| • |     | security or preference arising by operation of any law; |

| • |     | security over real property to secure borrowings to finance the purchase or improvement of that real property; |

| • |     | security over assets existing at the time of the acquisition of those assets; and |

| • |     | security not otherwise permitted by the above that secures borrowed money in an aggregate principal amount not       
 exceeding 50% of Aegon’s total aggregate consolidated indebtedness with an original maturity of more than two years. |

Defeasance Unless otherwise indicated in the related prospectus supplement or, if applicable, the pricing supplement, we may elect, at our option at any time, to have the provisions of the indenture relating (a) to defeasance and discharge of indebtedness or (b) to defeasance of certain restrictive covenants apply to the debt securities of any series, or to any specified part of a series. In order to exercise either option, we must irrevocably deposit, in trust for the benefit of the holders of those debt securities, money or U.S. government securities, or both, which, through the payment of principal and interest in accordance with their terms, will provide amounts sufficient to pay the principal of and any premium and interest on those debt securities on the respective stated maturities in accordance with the terms of