Offer for Friends Life Group Ltd from Aviva plc - please call 0870 707 1444 for all enquiries

Friends Life Group

Friends Life is a provider of pensions, investments and insurance with a heritage of over 200 years. Our key business lines are corporate benefits, individual protection and retirement income.

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2014 full year results

Our full year results were released on 5 March 2015.

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Announcement

Recommended all-share acquisition of Friends Life Group Limited by Aviva plc


Katie Derham interviews Aviva CEO Mark Wilson and Friends Life CEO Andy Briggs about the recommended all-share acquisition

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Website Disclaimer

DISCLAIMER - IMPORTANT

Potential share offer by Aviva plc for Friends Life Group Limited

(the "Offer")

ACCESS TO THIS SECTION OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION. THE INFORMATION IS NOT DIRECTED AT, AND IS NOT INTENDED TO BE ACCESSIBLE BY, PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

THIS SECTION OF THE WEBSITE CONTAINS ANNOUNCEMENTS, DOCUMENTS AND INFORMATION (THE “INFORMATION”) PUBLISHED BY FRIENDS LIFE GROUP LIMITED AND/OR AVIVA PLC RELATING TO THE OFFER IN COMPLIANCE WITH THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND ITS AVAILABILITY IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.

THE OFFER CANNOT BE VALIDLY ACCEPTED BY A SHAREHOLDER OR ANY OTHER PERSONS BY MEANS OF DOWNLOADING A COPY OF DOCUMENTS FROM THIS WEBSITE.

Access to the Information

Please read this notice carefully – it applies to all persons who view this part of the website and, depending upon who you are and where you live, it may affect your rights. This notice and the information contained herein may be altered or updated from time to time, and should be read in full carefully each time you visit this part of the website.

Overseas Persons

The information contained herein is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would violate the law of that jurisdiction (a “Restricted Jurisdiction”), and the availability of the Information (and any related offer) to shareholders who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable regulatory and legal requirements.

The new Aviva plc shares (the "New Aviva Shares") have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Aviva Shares may not be offered, sold, resold, delivered, distributed or otherwise transferred, directly or indirectly, in or into the United States absent registration under the US Securities Act or an exemption therefrom. The New Aviva Shares are expected to be offered in the United States in reliance upon the exemption from the registration requirements of the US Securities Act provided by Section 3(a)(10) thereof.

In particular, the Offer will not be made, directly or indirectly, in or into, a Restricted Jurisdiction and the Offer is not capable of acceptance from or within a Restricted Jurisdiction except pursuant to an applicable exemption. The Offer may not be downloaded or accessed by any person either in whole or in part from or within a Restricted Jurisdiction or where to do so would or may constitute a breach of any applicable local laws or regulations.

If you are not permitted to view the Information on this website, or viewing the Information would result in a breach of the above, or you are in any doubt as to whether you are permitted to view the Information, please exit this web page.

 

Forward-looking statements

The information (including information incorporated by reference) and documents in this section of the website may contain forward-looking statements regarding Friends Life Group Limited’s and Aviva plc’s financial position, business strategy, plans and objectives of management for future operations. All statements other than statements of historical facts included in any document may be forward looking statements. Forward-looking statements also often use words such as "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, and readers are cautioned not to place undue reliance on such statements. The important factors that could cause Friends Life Group Limited’s and Aviva plc’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, regulatory approvals that may require acceptance of conditions with potential adverse impacts, risks involving Friends Life Group Limited’s and Aviva plc’s ability to realise expected benefits under the Offer and general economic conditions.

These forward-looking statements speak only as of the date of the respective documents. Friends Life Group Limited expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).

Unless expressly stated otherwise, no statement contained or referred to in this section of the website is intended to be a profit forecast.

Responsibility for information

Goldman Sachs International is acting for Friends Life Group Limited and no one else in connection with the Offer and will not be responsible to any other persons other than Friends Life Group Limited for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in relation to the Offer.

 

THE DOCUMENTS IN THIS AREA OF THE WEBSITE MAY NOT BE DOWNLOADED, FORWARDED, TRANSMITTED OR SHARED WITH ANY OTHER PERSON EITHER IN WHOLE OR IN PART WHERE TO DO SO WOULD OR MAY CONSTITUTE A BREACH OF ANY APPLICABLE LOCAL LAWS OR REGULATIONS.

Confirmation of understanding and acceptance of disclaimer

  • I confirm that I am permitted to proceed to this part of the website and that I am not (nor do I act on behalf of someone who is) resident in any country that renders the accessing of this area of the website or parts thereof illegal.
  • I agree that I will not forward, transfer or distribute (by any means including by electronic transmission) any documents included in this area of the website either in whole or in part to any person in any jurisdiction where such distribution may be restricted by applicable law or regulation.
  • I represent and warrant to Friends Life Group Limited that I intend to access this area of the website for information purposes only, that I have read and understood this notice and that I understand that it may affect my rights or responsibilities.
  • I agree to be bound by the terms of the notice set out above and I confirm that I am permitted to proceed to this part of the site.

Website Disclaimer

DISCLAIMER - IMPORTANT

Due to applicable legal restrictions, electronic versions of these materials are not directed at or accessible by you. We apologise for any inconvenience this may cause. Click here to return to the homepage

Website Disclaimer

DISCLAIMER - IMPORTANT

Potential share offer by Aviva plc for Friends Life Group Limited

(the "Offer")

ACCESS TO THIS SECTION OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION. THE INFORMATION IS NOT DIRECTED AT, AND IS NOT INTENDED TO BE ACCESSIBLE BY, PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

THIS SECTION OF THE WEBSITE CONTAINS ANNOUNCEMENTS, DOCUMENTS AND INFORMATION (THE “INFORMATION”) PUBLISHED BY FRIENDS LIFE GROUP LIMITED AND/OR AVIVA PLC RELATING TO THE OFFER IN COMPLIANCE WITH THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND ITS AVAILABILITY IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.

THE OFFER CANNOT BE VALIDLY ACCEPTED BY A SHAREHOLDER OR ANY OTHER PERSONS BY MEANS OF DOWNLOADING A COPY OF DOCUMENTS FROM THIS WEBSITE.

Access to the Information

Please read this notice carefully – it applies to all persons who view this part of the website and, depending upon who you are and where you live, it may affect your rights. This notice and the information contained herein may be altered or updated from time to time, and should be read in full carefully each time you visit this part of the website.

Overseas Persons

The information contained herein is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would violate the law of that jurisdiction (a “Restricted Jurisdiction”), and the availability of the Information (and any related offer) to shareholders who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable regulatory and legal requirements.

The new Aviva plc shares (the "New Aviva Shares") have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Aviva Shares may not be offered, sold, resold, delivered, distributed or otherwise transferred, directly or indirectly, in or into the United States absent registration under the US Securities Act or an exemption therefrom. The New Aviva Shares are expected to be offered in the United States in reliance upon the exemption from the registration requirements of the US Securities Act provided by Section 3(a)(10) thereof.

In particular, the Offer will not be made, directly or indirectly, in or into, a Restricted Jurisdiction and the Offer is not capable of acceptance from or within a Restricted Jurisdiction except pursuant to an applicable exemption. The Offer may not be downloaded or accessed by any person either in whole or in part from or within a Restricted Jurisdiction or where to do so would or may constitute a breach of any applicable local laws or regulations.

If you are not permitted to view the Information on this website, or viewing the Information would result in a breach of the above, or you are in any doubt as to whether you are permitted to view the Information, please exit this web page.

 

Forward-looking statements

The information (including information incorporated by reference) and documents in this section of the website may contain forward-looking statements regarding Friends Life Group Limited’s and Aviva plc’s financial position, business strategy, plans and objectives of management for future operations. All statements other than statements of historical facts included in any document may be forward looking statements. Forward-looking statements also often use words such as "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, and readers are cautioned not to place undue reliance on such statements. The important factors that could cause Friends Life Group Limited’s and Aviva plc’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, regulatory approvals that may require acceptance of conditions with potential adverse impacts, risks involving Friends Life Group Limited’s and Aviva plc’s ability to realise expected benefits under the Offer and general economic conditions.

These forward-looking statements speak only as of the date of the respective documents. Friends Life Group Limited expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).

Unless expressly stated otherwise, no statement contained or referred to in this section of the website is intended to be a profit forecast.

Responsibility for information

Goldman Sachs International is acting for Friends Life Group Limited and no one else in connection with the Offer and will not be responsible to any other persons other than Friends Life Group Limited for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in relation to the Offer.

 

THE DOCUMENTS IN THIS AREA OF THE WEBSITE MAY NOT BE DOWNLOADED, FORWARDED, TRANSMITTED OR SHARED WITH ANY OTHER PERSON EITHER IN WHOLE OR IN PART WHERE TO DO SO WOULD OR MAY CONSTITUTE A BREACH OF ANY APPLICABLE LOCAL LAWS OR REGULATIONS.

Confirmation of understanding and acceptance of disclaimer

  • I confirm that I am permitted to proceed to this part of the website and that I am not (nor do I act on behalf of someone who is) resident in any country that renders the accessing of this area of the website or parts thereof illegal.
  • I agree that I will not forward, transfer or distribute (by any means including by electronic transmission) any documents included in this area of the website either in whole or in part to any person in any jurisdiction where such distribution may be restricted by applicable law or regulation.
  • I represent and warrant to Friends Life Group Limited that I intend to access this area of the website for information purposes only, that I have read and understood this notice and that I understand that it may affect my rights or responsibilities.
  • I agree to be bound by the terms of the notice set out above and I confirm that I am permitted to proceed to this part of the site.

Website Disclaimer

DISCLAIMER - IMPORTANT

Potential share offer by Aviva plc for Friends Life Group Limited

(the "Offer")

ACCESS TO THIS SECTION OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION. THE INFORMATION IS NOT DIRECTED AT, AND IS NOT INTENDED TO BE ACCESSIBLE BY, PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

THIS SECTION OF THE WEBSITE CONTAINS ANNOUNCEMENTS, DOCUMENTS AND INFORMATION (THE “INFORMATION”) PUBLISHED BY FRIENDS LIFE GROUP LIMITED AND/OR AVIVA PLC RELATING TO THE OFFER IN COMPLIANCE WITH THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND ITS AVAILABILITY IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.

THE OFFER CANNOT BE VALIDLY ACCEPTED BY A SHAREHOLDER OR ANY OTHER PERSONS BY MEANS OF DOWNLOADING A COPY OF DOCUMENTS FROM THIS WEBSITE.

Access to the Information

Please read this notice carefully – it applies to all persons who view this part of the website and, depending upon who you are and where you live, it may affect your rights. This notice and the information contained herein may be altered or updated from time to time, and should be read in full carefully each time you visit this part of the website.

Overseas Persons

The information contained herein is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would violate the law of that jurisdiction (a “Restricted Jurisdiction”), and the availability of the Information (and any related offer) to shareholders who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable regulatory and legal requirements.

The new Aviva plc shares (the "New Aviva Shares") have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Aviva Shares may not be offered, sold, resold, delivered, distributed or otherwise transferred, directly or indirectly, in or into the United States absent registration under the US Securities Act or an exemption therefrom. The New Aviva Shares are expected to be offered in the United States in reliance upon the exemption from the registration requirements of the US Securities Act provided by Section 3(a)(10) thereof.

In particular, the Offer will not be made, directly or indirectly, in or into, a Restricted Jurisdiction and the Offer is not capable of acceptance from or within a Restricted Jurisdiction except pursuant to an applicable exemption. The Offer may not be downloaded or accessed by any person either in whole or in part from or within a Restricted Jurisdiction or where to do so would or may constitute a breach of any applicable local laws or regulations.

If you are not permitted to view the Information on this website, or viewing the Information would result in a breach of the above, or you are in any doubt as to whether you are permitted to view the Information, please exit this web page.

 

Forward-looking statements

The information (including information incorporated by reference) and documents in this section of the website may contain forward-looking statements regarding Friends Life Group Limited’s and Aviva plc’s financial position, business strategy, plans and objectives of management for future operations. All statements other than statements of historical facts included in any document may be forward looking statements. Forward-looking statements also often use words such as "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, and readers are cautioned not to place undue reliance on such statements. The important factors that could cause Friends Life Group Limited’s and Aviva plc’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, regulatory approvals that may require acceptance of conditions with potential adverse impacts, risks involving Friends Life Group Limited’s and Aviva plc’s ability to realise expected benefits under the Offer and general economic conditions.

These forward-looking statements speak only as of the date of the respective documents. Friends Life Group Limited expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).

Unless expressly stated otherwise, no statement contained or referred to in this section of the website is intended to be a profit forecast.

Responsibility for information

Goldman Sachs International is acting for Friends Life Group Limited and no one else in connection with the Offer and will not be responsible to any other persons other than Friends Life Group Limited for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in relation to the Offer.

 

THE DOCUMENTS IN THIS AREA OF THE WEBSITE MAY NOT BE DOWNLOADED, FORWARDED, TRANSMITTED OR SHARED WITH ANY OTHER PERSON EITHER IN WHOLE OR IN PART WHERE TO DO SO WOULD OR MAY CONSTITUTE A BREACH OF ANY APPLICABLE LOCAL LAWS OR REGULATIONS.

Confirmation of understanding and acceptance of disclaimer

  • I confirm that I am permitted to proceed to this part of the website and that I am not (nor do I act on behalf of someone who is) resident in any country that renders the accessing of this area of the website or parts thereof illegal.
  • I agree that I will not forward, transfer or distribute (by any means including by electronic transmission) any documents included in this area of the website either in whole or in part to any person in any jurisdiction where such distribution may be restricted by applicable law or regulation.
  • I represent and warrant to Friends Life Group Limited that I intend to access this area of the website for information purposes only, that I have read and understood this notice and that I understand that it may affect my rights or responsibilities.
  • I agree to be bound by the terms of the notice set out above and I confirm that I am permitted to proceed to this part of the site.

Website Disclaimer

DISCLAIMER - IMPORTANT

This video has been prepared by Friends Life Group Limited for information purposes only and is the sole responsibility of Friends Life Group Limited.

This video does not constitute or form part of an offer, invitation or solicitation to sell, purchase, otherwise acquire, subscribe for, or otherwise dispose of, any securities of Friends Life Group Limited or any other entity or person, or the solicitation of any vote or approval in any jurisdiction and no information discussed or referred to in this video is intended to form the basis of any contract of sale, investment decision or decision to purchase any securities in any entity or person. No shares are being offered to the public by means of this video. By viewing this video you agree to the conditions set out below.

Viewers of this video in jurisdictions outside the United Kingdom should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the release, presentation or distribution of this video may in certain jurisdictions other than the United Kingdom be restricted by law. Failure to comply with any such restrictions and requirements may constitute a violation of the laws and/or regulations of any such jurisdiction. Accordingly, viewers represent that they are able to view this video without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which they reside or conduct business. This video is not an offer of securities for sale in the United States nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The Aviva shares to be distributed in the proposed acquisition by Aviva plc (the “Aviva Shares”) have not been and will not be registered under the US Securities Act of 1933 (the “US Securities Act”). Accordingly, the Aviva Shares may not be offered, sold, resold, delivered, distributed or otherwise transferred, directly or indirectly, in or into the United States absent registration under the US Securities Act or an exemption therefrom. The Aviva Shares are expected to be issued in reliance upon the exemption from the registration requirements of the US Securities Act provided by Section 3(a)(10) thereof.

Further, nothing in this video should be construed as constituting legal, business, tax, financial or other advice. The merits or suitability of any securities of Friends Life Group Limited must be determined independently by any viewer of this video on the basis of its own investigation and evaluation of Friends Life Group Limited. Any such determination should involve, among other things, an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects of the securities. Viewers are recommended to conduct their own independent analysis of Friends Life Group Limited and seek their own financial and other advice in order to make an independent determination of the suitability, merits and consequences of the content of this video (including, without limitation, the proposed transaction with Aviva plc). Viewers should rely solely on their own judgment, review and analysis in evaluating Friends Life Group Limited, its business and its affairs. Past performance is not indicative of future performance.

None of Friends Life Group Limited, its respective shareholders, holding companies, subsidiaries, affiliates, associated undertakings or controlling persons, nor any of their respective directors, officers, partners, employees, agents, representatives and/or its advisers makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this video nor as to the reasonableness of any assumption contained therein, and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. Nothing contained herein is, or shall be relied upon as, a promise or presentation, whether as to the past or the future, and no reliance, in whole or in part, should be placed on the fairness, accuracy, completeness or correctness of the information contained herein. Friends Life Group Limited has not independently verified, approved or ensured the material in this video in any way.

This video may contain “forward-looking statements”. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events, and depend upon circumstances, that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. Friends Life Group Limited’s actual performance (including the results of operations, internal rate of return, financial condition, liquidity and distributions to shareholders) may differ materially from the impression created by, or those projected or implied in, any forward-looking statements contained in this video. Such factors include, but are not limited to, future market, general business and economic conditions, including fluctuations in interest rates and exchange rates and the potential for a sustained low-interest rate environment, the performance of financial markets generally, industry trends, and competition; changes in government; changes in political and economic stability; the policies and actions of legal or regulatory authorities, including, for example, new government initiatives related to the financial crisis and the effect of the European Union’s ‘Solvency II’ requirements on Friends Life Group Limited’s capital maintenance requirements; the impact of competition, economic growth, inflation, and deflation; experience in particular with regard to mortality and morbidity trends, lapse rates and policy renewal rates; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; the impact of changes in capital, solvency standards accounting standards or relevant regulatory frameworks, and tax and other legislation and regulations in the jurisdictions in which Friends Life Group Limited and its affiliates operate; the possibility that the proposed transaction with Aviva plc will not proceed (on a timely basis or at all); disruptions in business operations due to reorganisation activities (whether or not Friends Life Group Limited is acquired by Aviva plc); the inability of Friends Life Group Limited and Aviva plc to integrate successfully post-completion or to realise successfully any anticipated synergy benefits upon implementation of the proposed transaction; Friends Life Group Limited incurring and/or experiencing unanticipated costs and/or delays or difficulties in relation to the proposed transaction or when the proposed transaction is implemented; and the impact of any anticipated or unanticipated legal actions and disputes. In addition to the above, amongst other things, this video may contain forward-looking statements regarding the proposed transaction with Aviva plc, including statements about the benefits of the proposed transaction, expected future earnings, revenues and cost savings and other such items based on plans, estimates and projections. Such statements relate to future actions and circumstances which, by their very nature involve risks, uncertainties and contingencies. As a result, any cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to such uncertainties and risks, viewers are cautioned not to place undue reliance on any forward-looking statements in this video.

Any forward-looking statements in this video are current only as of the date of this video, and Friends Life Group Limited undertakes no obligation to update any such forward-looking or other statements in this video whether as a result of new information, future events or otherwise, except as required by applicable law or regulation. Nothing in this announcement should be construed as a profit forecast or estimate for any period and no statement in this video should be interpreted to mean that earnings or earnings per share for Friends Life Group Limited for the current or future financial years or following completion of the proposed transaction with Aviva plc, would necessarily match or exceed the historical published earnings or earnings per share for Friends Life Group Limited.

For the purposes of Rule 28 of the City Code on Takeovers and Mergers, any “quantified financial benefits statement” or any statement on synergies contained in this video and/or made in relation thereto is the responsibility of Aviva plc and its directors. Neither Friends Life nor its directors will be responsible for any “quantified financial benefits statement”, any statement on synergies or any information contained in this video relating to Aviva plc or the enlarged Aviva plc group following completion of the proposed transaction.

Any decision in relation to the proposed acquisition of Friends Life Group Limited by Aviva plc should only be made by reference to the information set out in the scheme document published by Friend Life Group Limited and the prospectus and shareholder circular published by Aviva, which is available at http://www.friendslifegroup.com/investor-relations/possible-offer/yr-2014.aspx#2014.

For the purposes of this notice, “video” shall mean and include the visual footage, still images and audio product contained in the recording that follows.

Friends Life

Copyright 2013-2014 Friends Life. All rights reserved.