Unaudited Balance Sheet*

Transamerica Life (Bermuda) Ltd.

As of September 30, 2009

ASSETS September 30, 2009 Total
Bonds $  1,310,944,545
Stocks:  
   Preferred stocks 0
   Common stocks 522,295
Mortgage loans on real estate: 0
Real estate 0
Cash, cash equivalents and short-term investments 171,570,539
Contract loans (including $ 0 premium notes) 33,991,147
Other invested assets 6,026,074
Receivable for securities 0
Subtotals, cash and invested assets 1,523,054,600
Investment income due and accrued 17,135,652
Premiums and considerations: 970,201
Reinsurance: 185,863
Other Assets 1,019,956
Total assets excluding Separate Accounts business 1,542,366,272
From Separate Accounts Statement 0
Total $  1,542,366,272

LIABILITIES September 30, 2009 Total
Aggregate reserve for life contracts $     861,368,348
Aggregate reserve for accident and health contracts 0
Liability for deposit-type contracts 916,722
Contract claims 2,015,620
Policyholders' dividends 339,729
Amounts due for reinsurance 69,005,312
Asset valuation reserve 1,568,749
Other liabilities 79,554,619
Total liabilities excluding Separate Accounts business 1,014,769,099
From Separate Accounts Statement 0
Total liabilities $     1,014,769,099

SURPLUS AND OTHER FUNDS  
1. Common capital stock $       40,000,000
2. Preferred capital stock 0
3. Surplus notes 0
4. Gross paid in and contributed surplus 309,767,400
5. Unassigned funds (surplus) 177,829,773
6. Preferred shares 0
7. Surplus (Total lines 3+4+5-6) 487,597,173
Totals of Lines 1, 2 and 7 527,597,173
Total Liabilities and Surplus $   1,542,366,272

*This balance sheet is presented on a US statutory accounting basis, which is the basis adopted by TLB for financial reporting in Bermuda. US statutory reports most assets at their book value.