RSA: RSA Insurance Group Plc: Disposal

  RSA: RSA Insurance Group Plc: Disposal

UK Regulatory Announcement

LONDON

          RSA announces completion of sale of its business in Latvia

Further to the announcement of 17 April 2014, RSA Insurance Group plc (RSA)
today announces the completion of the sale of AAS Balta, its business in
Latvia, on 30 June 2014 to Powszechny Zaklad Ubezpieczen sa (PZU), following
receipt of formal regulatory approval.

The sales of Lietuvos Draudimas AB (Lithuania), the business of the Estonian
branch of Codan Forsikring A/S and Link4 Towarzystwo Ubezpieczen Spolka
Akcyjna (Poland) are each expected to complete during the second half of 2014,
subject to obtaining relevant regulatory approvals in the respective
countries.

- ENDS -

Enquiries:

Analysts                   Press
Rupert Taylor Rea           Louise Shield
Tel: +44 (0) 20 7111 7140   Tel: +44 (0) 20 7111 7047
                                                      
Louise Jordan               Jon Sellors
Tel: +44 (0) 20 7111 1891   Tel: +44 (0) 20 7111 7327

Notes to editors:

About RSA

With a 300 year heritage, RSA is one of the world’s leading multinational
quoted insurance groups. RSA has major operations in the UK, Scandinavia,
Canada, Ireland, Asia and the Middle East, Latin America 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 2013, its net written premiums were £8.7 billion.

About PZU

PZU Group is one of the largest financial institutions in Poland and in
Central and Eastern Europe with a history dating back to 1803. PZU Group
provides comprehensive insurance products in all of the most important areas
of private, public and business life in Poland and also has operations in
Ukraine, Lithuania, Latvia and Estonia. In 2013 PZU had Gross Written Premium
of PLN 16.5 billion (approximately € 3.9 bn) and its current market
capitalisation is 37bn PLN (9bn EUR). The Polish State Treasury controls 35%
of the company with the remaining 65% floated on the Polish stock exchange.

Important Disclaimer

This press release may contain ‘forward-looking statements’ with respect to
certain of the Group’s plans and its current goals and expectations relating
to its future financial condition, performance results, strategic initiatives
and objectives. Generally, words such as “may”, “could”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “aim”, “outlook”, “believe”, “plan”,
“seek”, “continue” or similar expressions identify forward-looking statements.
These forward-looking statements are not guarantees of future performance. By
their nature, all forward-looking statements are inherently predictive and
speculative and involve risk and uncertainty because they relate to future
events and circumstances which are beyond the Group’s control, including
amongst other things, UK domestic and global economic business conditions,
market-related risks such as fluctuations in interest rates and exchange
rates, the policies and actions of regulatory authorities, the impact of
competition, inflation, deflation, the timing impact and other uncertainties
of future acquisitions or combinations within relevant industries, as well as
the impact of tax and other legislation or regulations in the jurisdictions in
which the Group and its affiliates operate. As a result, the Group’s actual
future financial condition, performance and results may differ materially from
the plans, goals and expectations set forth in the Group’s forward-looking
statements. Forward-looking statements in this press release are current only
as of the date on which such statements are made. The Group undertakes no
obligation to update any forward-looking statements, save in respect of any
requirement under applicable law or regulation. Nothing in this press release
shall be construed as a profit forecast.

Contact:

RSA Insurance Group Plc
 
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