This addendum to the share repurchase agreement (this Addendum) is dated 25 August 2025 and made by and between:

EXHIBIT 99.7

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This addendum to the share repurchase agreement (this Addendum) is dated 25 August 2025 and made by and between:

(1)

Aegon Ltd., an exempted company with liability limited by shares organized under the laws of Bermuda, with registered office at Canon’s Court, ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇, Bermuda and with principle place of business at ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and registered in the Bermuda Registrar of Companies under number 202302830 (Aegon); and

(2)

Vereniging Aegon, an association incorporated by notarial deed under Dutch law (vereniging), having its statutory seat (statutaire zetel) in The Hague, the Netherlands, and its office address at ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and registered in the Dutch trade register under number 40531114 (VA).

Parties (1) and (2) hereinafter jointly referred to as the Parties and individually as a Party.

RECITALS:

(A)

on 1 July 2025 VA and Aegon entered into a which is listed as Annex I hereto (the SRA) pursuant to which VA participates pro rata for an amount of EUR 37 million in the EUR 200 million share buyback program of Aegon that commenced on 1 July 2025 and is expected to be completed by 15 December 2025 (the Current SBB Program);

(B)

capitalized terms used in this Addendum shall have the meaning as attributed to it in the SRA, unless otherwise defined herein;

(C)

as of the date of this Addendum and pursuant to the terms of the SRA, Aegon repurchased Common Shares from VA for an aggregate amount of EUR 12,025,000 (the Repurchased Notional);

(D)

on or about the date hereof Aegon announced to increase to the Current SBB Program with an additional amount of EUR 200 million (the Increased Buyback) increasing the aggregate amount for which shares are repurchased under the Current SBB Program to EUR 400 million;

(E)

VA has indicated it wishes to participate in the Increased Buyback to mitigate the anti-dilutional effect it would have if it would not participate in the increase of the program and wishes to maintain the percentage of its shareholding as much as possible and Aegon indicated that it envisages to facilitate VA’s participation in the Increased Buyback for an amount of EUR 34 million (the Increased Notional);

(F)

pursuant to clause 6.3 of the SRA any amendment to the SRA shall only have force or effect until it is in writing and signed by the Parties; and

(G)

by means of this Addendum the Parties wish to amend the SRA to facility the participation of VA in the Increased Buyback.

NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

AMENDMENTS TO THE SRA

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1.1

The defined term Notional shall be amended to cater for the Increased Notional corrected by the Repurchased Notional with effect as of the date of this Addendum and shall read as follows:

Notional means an amount of EUR 58,975,000¹, which Notional will be equally distributed over the total number of Trading Days during the period running from the date of this Addendum until the End Date (inclusive).

MISCELLANEOUS

2.1

The provisions of clauses 6 (General Provisions) and 7 (Governing Law and Dispute Settlement) of the SRA shall be incorporated by reference into this Addendum as if set out in full in this Addendum and as if references in those clauses to “this Agreement” are references to this Addendum.

2.2

After the date of this Addendum any reference to “this Agreement” in the SRA shall mean the SRA including this Addendum.

[SIGNATURE PAGES TO FOLLOW]

¹ The new amount included as definition of Notional is equal to (the Original Notional (EUR 37,000,000) + the Increased Notional (EUR 34,000,000)) — the Repurchased Notional (EUR 12,025,000)

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THIS ADDENDUM HAS BEEN SIGNED ON THE DATE FIRST WRITTEN ABOVE


Aegon Ltd.


/s/ ▇.▇. ▇▇▇▇▇▇
By:	▇.▇. ▇▇▇▇▇▇
Title:	Authorized signatory




Vereniging Aegon

/s/ ▇.▇. ▇▇▇▇▇▇▇ van den ▇▇▇▇▇		/s/ ▇.▇. ▇▇▇▇▇▇▇
By:	▇.▇. ▇▇▇▇▇▇▇ van den ▇▇▇▇▇	By:	▇.▇. ▇▇▇▇▇▇▇
Title:	Chairperson	Title:	Vice-chairperson

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ANNEX I

SRA

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SHARE REPURCHASE AGREEMENT

between

Aegon Ltd.

and

Vereniging Aegon

DATED 1 JULY 2025

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This share repurchase agreement (this Agreement) is dated 1 July 2025 and made by and between:

(1)

(2)

Vereniging Aegon, an association incorporated by notarial deed under Dutch law (vereniging), having its statutory seat (statutaire zetel) in The Hague, the Netherlands, and its office address at ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and registered in the Dutch trade register under number 40531114 (VA).

Parties (1) and (2) hereinafter jointly referred to as the Parties and individually as a Party.

RECITALS:

(A)

on or about the date hereof VA is the largest shareholder of Aegon;

(B)

since December 2023, VA has participated on a pro rata basis in the subsequent share buyback programs of Aegon in order to mitigate the anti-dilutional effect it would have if it would not participate in the programs and to consolidate VA’s stake in Aegon as closely as possible around 18.4%. The previous share buyback program of Aegon was completed on 30 June 2025. The Executive Committee of VA has expressed its intention that, if a new share buyback program would be launched in the course of 2025, VA would in principle be willing to participate in such program;

(C)

it is envisaged that Aegon will announce the start of a EUR 200 million share buyback program on or around the date of this Agreement (the SBB Program);

(D)

the SBB Program is expected to be completed by 15 December 2025;

(E)

in the SBB Program the Common Shares (as defined below) are repurchased at a maximum of the daily volume weighted average price during the repurchase period of the SBB Program; and

(F)

VA herewith confirms its intention to participate in the SBB Program to mitigate the anti-dilutional effect it would have if it would not participate in the program and wishes to maintain the percentage of its shareholding as much as possible and Aegon intends to repurchase the Common Shares VA so offers for an aggregate consideration equal to the Notional (as defined below).

NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

DEFINITIONS

Capitalised terms and expressions used in this Agreement shall have the meanings set out below:

Agreement means this agreement, including the recitals and annex.

Aegon has the meaning set out in the introduction to this Agreement.

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Common Shares means common shares in the capital of Aegon, each with a par value of EUR 0.12.

Common Shares B means common shares B in the capital of Aegon, each with a par value of EUR 0.12.

Completion Date means each of the Weekly Settlement Dates during the VA Buyback Period.

Daily Notional means the Notional divided by the total number of Trading Days during the VA Buyback Period.

Daily Volume means the outcome of dividing the Daily Notional by the Daily VWAP.

Daily VWAP means the daily volume weighted average price per Common Share. as derived from the trading in Common Shares on Euronext Amsterdam on the relevant Trading Day and taken from Bloomberg page VWAP (or such other Bloomberg page that may replace it from time to time), with Custom Condition Codes referencing all electronically matched trades automatically executed on Euronext Amsterdam, ignoring any off-order book transactions and excluding auctions.

Deed of Transfer has the meaning set out in clause 3.1.

Early Termination Date has the meaning set out in clause 5.1.

End Date means 15 December 2025 without any potential acceleration.

Notional means an amount of EUR 37,000,000, which Notional will be equally distributed over the total number of Trading Days during the VA Buyback Period.

Repurchase Week means a Week during which Common Shares have been repurchased by Aegon from VA in accordance with the terms of this Agreement.

SBB Program has the meaning set out in recital (B).

Start Date means 1 July 2025.

Trading Days means any day on which, as of the date of this Agreement, Euronext Amsterdam is scheduled to open for trading during normal market hours.

VA has the meaning set out in the introduction to this Agreement.

VA Buyback Period means the period running from the Start Date until the End Date (inclusive).

VA SBB Shares means the aggregate number of Common Shares to be sold by VA to Aegon and to be repurchased by Aegon from VA pursuant to the terms of this Agreement in consideration for the Notional.

Week means a period from Monday to Friday (inclusive) during which Trading Day(s) occurred during the VA Buyback Period.

Weekly Settlement Date has the meaning set out in clause 3.1.

SALE AND REPURCHASE

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Subject to and upon the terms and conditions of this Agreement, VA hereby sells the VA SBB Shares to Aegon and Aegon hereby repurchases the VA SBB Shares from VA.

CONSIDERATION

The aggregate consideration payable by Aegon to VA for the VA SBB Shares amounts to the Notional.

WEEKLY DELIVERY

3.1.

On the first Trading Day following a Repurchase Week (a Weekly Settlement Date), VA will transfer to Aegon and Aegon will accept from VA such number of Common Shares equal to the sum of the Daily Volumes for the relevant Repurchase Week, by execution of a private deed of transfer, an agreed form template of which is attached as Annex I hereto (the Deed of Transfer).

3.2.

On each Weekly Settlement Date Aegon shall pay VA the sum of the Daily Notionals during the relevant Repurchase Week in the bank account of VA known by Aegon.

3.3.

No fractional Common Shares shall be repurchased by Aegon and the number of Common Shares to be transferred pursuant to clause 3.1 shall be rounded down to the nearest whole number.

WARRANTIES

4.1.

VA represents and warrants to Aegon that as of the date hereof and on each Completion Date (whereby the representation and warranty relating to VA SBB Shares referred to under 4.1 A and 4.1 B on a Completion Date should be understood as the Common Shares that are to be transferred on the relevant Weekly Settlement Date by means of execution of Deed of Transfer):

VA holds full legal title to the VA SBB Shares, and the VA SBB Shares are not encumbered with a right of pledge, usufruct, attachment or other limited right;

VA is authorized to sell and transfer the VA SBB Shares; and

VA has been duly incorporated, has not been dissolved, has not been declared bankrupt (failliet verklaard) and has not been granted (preliminary or definitive) moratorium of payment (voorlopige of definitieve surseance van betaling).

4.2.

Aegon represents and warrants to VA that as of the date hereof and on each Completion Date:

Aegon is authorized to repurchase the VA SBB Shares; and

Aegon is duly organized, validly existing, and in good standing under the laws of Bermuda, has not been dissolved, has not been declared bankrupt and has not been granted (preliminary or definitive) moratorium of payment under applicable bankruptcy and insolvency laws.

TERMINATION

5.1.

This Agreement may be terminated by Aegon at any time before the End Date with effect from and upon the date of Aegon issuing a press release that it has decided to terminate the SBB Program (the Early Termination Date).

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5.2	Any Common Shares repurchased by Aegon from VA pursuant to the execution of a Deed of Transfer in the period between the Start Date and the Early Termination Date will be validly transferred to Aegon and such transfers will not be affected by a termination of this Agreement pursuant to clause 5.1.

5.3

Except for clause 5 and clause 7 of this Agreement which clauses will survive termination of this Agreement, all rights and obligations of the Parties shall end with effect as of the Early Termination Date without any Party incurring any liability whatsoever for any damage, loss or expenses of any kind suffered or incurred by the other Party as a result of such termination.

GENERAL PROVISIONS

6.1

Each Party to this Agreement shall pay its own cost and expenses in relation to the preparation and execution of this Agreement and any ancillary agreement relating to the sale and repurchase of the VA SBB Shares.

6.2

This Agreement constitutes the entire agreement between the Parties with respect to the repurchase of the VA SBB Shares. This Agreement supersedes and terminates any preceding or concurrent oral or written agreements between the Parties with respect to the subject matter hereof and no Party shall have any right or remedy against the other Party arising out of or in connection with any such preceding or concurrent agreements unless stated otherwise herein.

6.3

No amendment, or waiver to this Agreement shall have any force or effect unless it is in writing and signed by the Parties.

6.4

No Party may assign or cause the assumption of any of its rights or obligations under this Agreement, whether in whole or in part to any other Person (including by means of a legal merger or demerger) without the prior written consent of the other Party.

6.5

Notwithstanding clause 5, each Party irrevocably waives, to the fullest extent permitted by law, any right it may have at any time to (i) rescind (ontbinden) this Agreement pursuant to section 6:265 of the Dutch Civil Code (ii) nullify (vernietigen) this Agreement pursuant to section 6:228 of the Dutch Civil Code and (iii) suspend (opschorten) any of its obligations under this Agreement pursuant to 6:52, 6:262 and 6:263 of the Dutch Civil Code or on any other ground.

6.6

If any provision of this Agreement shall be found by any court or administrative body of competent jurisdiction to be invalid or unenforceable, so far as permissible, such invalidity or unenforceability shall not affect the other provisions of this Agreement, which shall remain in full force and effect, and the invalid or unenforceable provision shall be deemed to have been replaced by a valid provision which creates rights and obligations for the Parties that are as much as is legally permitted identical to those contained in the invalid provision.

6.7

Any waiver under this Agreement must be given by notice in writing to that effect.

6.8

Where a Party does not exercise any right under this Agreement (which shall include the granting by a Party to any other Party of an extension of time in which to perform its obligations under any provision hereof), this shall not be deemed to constitute a forfeiture of that Party’s right (rechtsverwerking).

6.9

This Agreement may be executed in any number of counterparts.

GOVERNING LAW AND DISPUTE SETTLEMENT

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7.1

This Agreement shall be governed by and construed and enforced in accordance with Dutch law.

7.2

Any legal action or proceeding with respect to this Agreement shall be brought in the courts of The Hague, the Netherlands.

[SIGNATURE PAGES TO FOLLOW]

Execution copy

THIS AGREEMENT HAS BEEN SIGNED ON THE DATE FIRST WRITTEN ABOVE


Aegon Ltd.

/s/ ▇.▇. ▇▇▇▇▇▇
By:	▇.▇. ▇▇▇▇▇▇
Title:	Head of Group Treasury




Vereniging Aegon

/s/ ▇.▇. ▇▇▇▇▇▇▇ van den ▇▇▇▇▇		/s/ ▇.▇. ▇▇▇▇▇▇▇
By:	▇.▇. ▇▇▇▇▇▇▇ van den ▇▇▇▇▇	By:	▇.▇. ▇▇▇▇▇▇▇
Title:	Chairperson	Title:	Vice-chairperson

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ANNEX I

Deed of Transfer

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This deed of transfer of common shares (this Deed of Transfer) is dated _________ 2025 and made by and between:

(1)

(2)

Parties (1) and (2) hereinafter jointly referred to as the Parties and individually as a Party.

RECITALS:

(A)

on [*] July 2025 the Parties entered into a (the Agreement), pursuant to which VA sold a number of Common Shares in the capital of Aegon to Aegon who repurchased such Common Shares from VA subject to and upon the terms and conditions set-out in the Agreement;

(B)

capitalized terms used in this Deed of Transfer shall have the meaning as attributed to it in the Agreement, unless otherwise defined herein; and

(C)

this Deed of Transfer is executed on a Weekly Transfer Date and pursuant to clause 3.1 of the Agreement VA envisages transferring _____ fully paid up Common Shares in the capital of Aegon, each with a value of EUR 0.12 (the Shares) to Aegon and Aegon envisages accepting the Shares from VA.

NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

TRANSFER

1.1

Pursuant to the Agreement VA hereby transfers the Shares to Aegon and Aegon hereby accepts the Shares from VA.

1.2

Aegon shall reflect the repurchase and transfer of the Shares effected by this Deed of Transfer in its register of members.

CONSIDERATION

2.1

Pursuant to clause 3.2 of the Agreement, the consideration payable by Aegon to VA for the Shares amounts to EUR _____.

2.2

Aegon has paid the consideration referred to under clause 2.1 above to VA. VA hereby gives full discharge for the payment made.

WARRANTIES

3.1

VA hereby repeats the representations and warranties set-out in clause 4.1 of the Agreement with respect to the Shares.

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3.2

Aegon hereby repeats the representations and warranties set-out in clause 4.2 of the Agreement with respect to the Shares.

GENERAL PROVISIONS

4.1

No amendment, or waiver to this Agreement shall have any force or effect unless it is in writing and signed by the Parties.

4.2

Each Party irrevocably waives, to the fullest extent permitted by law, any right it may have at any time to rescind, nullify, suspend or dissolve any of its obligations under this Deed of Transfer.

4.3

This Deed of Transfer may be executed in any number of counterparts.

4.4

This Deed of Transfer shall be governed by and construed and enforced in accordance with Bermuda law.

[SIGNATURE PAGE FOLLOWS]

Execution copy

THIS DEED OF TRANSFER HAS BEEN SIGNED ON THE DATE FIRST WRITTEN ABOVE

Aegon Ltd.


By:
Title:




Vereniging Aegon


By:
Title:	Proxyholder

This addendum to the share repurchase agreement (this Addendum) is dated 25 August 2025 and made by and between:

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