Royal Liver Group

Since it was announced on 30 April 2007 that the societies were in discussions, the management and boards of both organisations have worked together constructively in examining the benefits of and structure for a combination of the societies.

After careful thought and thorough consideration, the Board of Royal Liver has concluded that although the proposal from Royal London had considerable merits for their members, they felt that those interests will be better served by pursuing an independent strategy.

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For further information please contact:

Royal London

Alasdair Buchanan, Group Head of Communications
0131 456 7133
07919 170 413

John Coles, Polhill Communications
020 7655 0530
07836 273 660

Royal Liver

For UK

Chris Salt/Laura Hickman
0207 367 5222

HeadLand Consultancy
07798 683114

For Republic of Ireland

Peter Mitchell
+ 353 (0) 1299 9789

Business Talk
+ 353 (0) 87 259 9814

Editor’s Notes:

Royal London Group, is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:

Scottish Life – UK pensions market

Bright Grey – UK protection market

Scottish Life International – offshore investment markets

RLAM – fund management

RLAS – life and pensions administration

Royal London is one of the stronger life and pension companies in the UK, with a current rating of 7/10 from Cazalet Financial Consulting, and has a particularly strong track record for with profits performance.

Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £31.5 billion (as at 31 March 2007). Group businesses serve over three million customers and employ 2,640 people (as at 31 December 2006).

Royal Liver Assurance Limited is an incorporated Friendly Society founded in Liverpool in 1850 for the mutual benefit and financial security of local families.

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For more information please contact Richard Edwards at Royal Liver Group on +44 (0)151 600 4268.