Morgan Stanley Secs. - EPT Disclosure

RNS Number:2685M
Morgan Stanley Securities Ld(EPT)
22 January 2008

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
WITH RECOGNISED INTERMEDIARY STATUS
DEALING IN A CLIENT-SERVING CAPACITY
(Rule 38.5(a) of the Takeover Code)

1. KEY INFORMATION

Name of exempt principal trader Morgan Stanley Securities Limited

Company dealt in Friends Provident Plc

Class of relevant security to which the Ordinary Shares
dealings being disclosed relate (Note 1)

Date of dealing 21 January 2008

2. DEALINGS (Note 2)

(a) Purchases and sales

Total number of securities purchased Highest price paid (Note 3) GBP Lowest price paid (Note 3) GBP

3,597,662 1.6660 1.5220

Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP

10,932,058 1.6630 1.5230

(b) Derivatives transactions (other than options)

Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) GBP
e.g. CFD
CFD LONG 1,664 1.5756
CFD LONG 249,755 1.5800
CFD SHORT 2,273,230 1.5800
CFD SHORT 7,550 1.5800
CFD SHORT 990 1.5800
CFD SHORT 5,886 1.5800
CFD LONG 44,503 1.5608
CFD LONG 98,389 1.5608
CFD LONG 14,640 1.5608
CFD LONG 5,968 1.5608
CFD LONG 5,116 1.5608
CFD LONG 3,572 1.5608
CFD LONG 9,892 1.5608
CFD LONG 6,377 1.5608
CFD LONG 11,543 1.5608
CFD LONG 8,675 1.5778
CFD LONG 1,066 1.5778
CFD LONG 4,885 1.5893
CFD LONG 8,981 1.5893
CFD LONG 943 1.5893
CFD LONG 8,778 1.5893
CFD LONG 4,105 1.5893
CFD LONG 169,000 1.6002
CFD LONG 13,000 1.6044
CFD LONG 296,121 1.6056
CFD LONG 48,621 1.6056
CFD LONG 916,131 1.6071
CFD LONG 3,900,000 1.6073
CFD LONG 341,583 1.6098
CFD LONG 559,084 1.6121
CFD LONG 62,800 1.6497
CFD LONG 17,400 1.6497
CFD LONG 19,800 1.6497
CFD SHORT 25,000 1.5280
CFD SHORT 17,400 1.5733
CFD SHORT 62,800 1.5733
CFD SHORT 19,800 1.5733
CFD SHORT 144,300 1.5802
CFD SHORT 660,000 1.5878
CFD SHORT 7,663 1.5918
CFD SHORT 12,903 1.5927
CFD SHORT 48,621 1.6036
CFD SHORT 292,962 1.6036
CFD SHORT 308,628 1.6072
CFD SHORT 37,919 1.6072

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money
purchasing, to which the option American,
e.g. call option varying etc. relates (Note 5) price European etc. date paid/received per
unit (Note 3)

N/A N/A N/A N/A N/A N/A N/A

(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 3)

N/A N/A N/A

3. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating
to the voting rights of any relevant securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is
referenced. If none, this should be stated.

Date of disclosure 22 January 2008

Contact name Zafrhan Fahmy

Telephone number 020 7677 1871

Name of offeree/offeror with which connected J.C. Flowers & Co LLC

Nature of connection (Note 6) Advisor

Notes

The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk

This information is provided by RNS
The company news service from the London Stock Exchange
END

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