Resolution Limited (RSL) - Statement re proposed Friends Life Group plc Notes RNS Number : 7911P Resolution Limited 29 October 2012 RESOLUTION LIMITED Launch by Friends Life Group plc of proposed Reset Perpetual Subordinated Note issuance Resolution Limited (the "Company") announces that on 29 October 2012 its subsidiary, Friends Life Group plc, launched a proposed issuance of Reset Perpetual Subordinated Notes (the "Notes"). If successful, the Company intends to apply the proceeds of the issuance of the Notes to make early repayment of the deferred consideration notes issued by it to AXA UK in connection with the acquisition of the AXA UK life business (in respect of which approximately £363 million is outstanding as at the date of this announcement). For further information, please contact: Investors/analysts Neil Wesley, Resolution Operations LLP +44 (0)20 3372 2928 Media Alex Child-Villiers, Temple Bar Advisory +44 (0) 7795 425580 The Company's ordinary shares were admitted to the Official List and to trading on the main market of the London Stock Exchange in December 2008. The Company transferred to a Premium Listing as it completed its first acquisition, Friends Provident Group plc, on 4 November 2009 and is subject to those provisions of the Listing Rules that apply to overseas companies with a Premium Listing. The Company completed its second acquisition, the majority of the AXA UK life business, on 15 September 2010. On 31 January 2011, the Company completed its third acquisition, the shares and business of Bupa Health Assurance Limited. A copy of this announcement is and will be available, subject to certain restrictions relating to persons resident in restricted jurisdictions, for inspection on the Company's website at www.resolution.gg For the avoidance of doubt any other information contained on the Company's website does not form part of this announcement. END This information is provided by RNS The company news service from the London Stock Exchange END MSCPGGUUUUPPGMB -0- Oct/29/2012 17:01 GMT
Resolution Limited RSL Statement re proposed Friends Life Group plc Notes
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