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RSA: RSA Insurance Group Plc: Update on Irish Issues

  RSA: RSA Insurance Group Plc: Update on Irish Issues

UK Regulatory Announcement

LONDON

                            Update on Irish Issues

Further to recent press speculation, the RSA Board confirms it will receive at
its meeting on Wednesday 8^th January the PwC report into the financial and
regulatory reporting processes and controls within the Irish business and the
Group oversight of these alongside further assurance reviews commissioned by
the Board.

We remain confident in our view that the financial and claims irregularities
identified in November 2013 were isolated to Ireland.

Furthermore, RSA confirms, as previously announced, the impact of claims and
financial irregularities and the reserve review in Ireland at £72m and £128m
respectively; totalling a combined £200m.

A press release with further details will be released at 7.00am on Thursday
9^th January.

ENDS

Enquiries

Analysts & Investors               Press
Matt Hotson                         Louise Shield
020 7111 7212                       020 7111 7047
07711 956 077                       07786 114 662
matt.hotson@gcc.rsagroup.com        louise.shield@gcc.rsagroup.com
Rupert Taylor Rea                   Jon Sellors
020 7111 7140                       020 7111 7327
07881 677 400                       07711 701 806
rupert.taylorrea@gcc.rsagroup.com   jon.sellors@gcc.rsagroup.com

About RSA

With a heritage of over 300 years, RSA is one of the world’s leading
multinational quoted insurance groups. RSA has major operations in the UK,
Scandinavia, Canada, Ireland, Latin America, Asia and the Middle East and
Central and Eastern Europe and has the capability to write business in around
140 countries. Focusing on general insurance, RSA has around 23,000 employees
and, in 2012, its net written premiums were £8.4 billion.

Contact:

RSA Insurance Group Plc
 
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