SCHEDULE: Norges Bank Amends Aegon Ltd Stake to 4.6%

Norges Bank, representing the Government of Norway, has filed an amended Schedule 13G, disclosing a 4.6% beneficial ownership in Aegon Ltd as of September 30, 2025.

Summary

• Norges Bank, a non-U.S. institution and investment adviser, reported beneficial ownership of 76,125,086 shares of Aegon Ltd's Common Stock.
• This ownership represents 4.6% of the total class of securities.
• The shares are held on behalf of the Government of Norway.
• Norges Bank holds sole voting power over 75,971,001 shares and sole dispositive power over 75,816,916 shares.
• Shared dispositive power is held over 154,085 shares, with no shared voting power.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported stake.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of beneficial ownership by a large institutional investor, indicating a continued stake in the company without implying any specific positive or negative sentiment about the issuer's performance or prospects.

Future Outlook

NA

Management Comments

• Norges Bank certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Aegon Ltd.

Industry Context

Norges Bank, managing the Government Pension Fund Global, is one of the world's largest sovereign wealth funds. Its investment in Aegon Ltd, a multinational life insurance, pensions, and asset management company, reflects its broad strategy of investing across diverse global sectors, including financial services. This filing is a routine disclosure for a significant institutional investor maintaining a passive stake.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception of stability and institutional confidence.
• Aegon Ltd: Confirms a major institutional investor's continued presence, potentially signaling stability in its shareholder base.

Key Dates

Keywords

Aegon Ltd, Norges Bank, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Norway Government Pension Fund, Investment Adviser