CNO Financial Group, Inc. Announces Expiration and Final Results of Cash Tender Offer for Any and All of its 7.0% Convertible

   CNO Financial Group, Inc. Announces Expiration and Final Results of Cash
  Tender Offer for Any and All of its 7.0% Convertible Senior Debentures due
                                     2016

PR Newswire

CARMEL, Ind., March 28, 2013

CARMEL,Ind., March 28, 2013 /PRNewswire/ --CNO Financial Group, Inc. (NYSE:
CNO) ("CNO") today announced the expiration and final results of its
previously announced tender offer (the "Offer") to purchase for cash any and
all of its outstanding 7.0% Convertible Senior Debentures due 2016 (CUSIP Nos.
12621EAC7, 12621EAE3, 12621EAF0 and 12621EAB9) (the "Debentures"). The Offer
expired at 12:00 midnight, New York City time, at the end of Wednesday, March
27, 2013.

As of the expiration of the Offer, $59,286,000 aggregate principal amount of
Debentures, representing approximately 63.8% of the outstanding Debentures,
were validly tendered and not validly withdrawn. CNO has accepted for
purchase all Debentures that were validly tendered and not validly withdrawn.

As previously announced by CNO, the final purchase price per $1,000 aggregate
principal amount of Debentures is $2,123.82. CNO expects to settle the Offer
today and pay an aggregate of approximately $127.5 million (including accrued
but unpaid interest and dealer manager fees) to purchase all of the Debentures
that were validly tendered and not validly withdrawn. Immediately following
the settlement of the Offer, approximately $33.7 million principal amount of
Debentures will remain outstanding.

Goldman Sachs & Co. acted as the dealer manager for the Offer. Global
Bondholder Services Corporation acted as the depositary for the Offer and as
the information agent for the Offer.

This press release shall not constitute an offer to purchase, a solicitation
of an offer to purchase, or a solicitation of an offer to sell securities.

About CNO

CNO is a holding company. Our insurance subsidiaries – principally Bankers
Life and Casualty Company, Washington National Insurance Company and Colonial
Penn Life Insurance Company – serve pre-retiree and retired Americans by
helping them protect against financial adversity and provide for a more secure
retirement.

SOURCE CNO Financial Group, Inc.

Website: http://www.CNOinc.com
Contact: News Media, Tony Zehnder, +1-312-396-7086, Investors, Erik Helding,
+1-317-817-4760
 
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