Morgan Stanley Secs. - EPT Disclosure

RNS Number:2730M
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 Resolution Group 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

206,396 7.1250 7.1050

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

1,491,914 7.1250 7.0979

(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 399 7.1188
CFD LONG 59,823 7.1200
CFD SHORT 1,809 7.1200
CFD SHORT 361 7.1200
CFD SHORT 89,517 7.1200
CFD LONG 741 7.0965
CFD LONG 887 7.0965
CFD LONG 1,587 7.0965
CFD LONG 1,943 7.0965
CFD LONG 166 7.0965
CFD LONG 50,000 7.1179
CFD LONG 279,500 7.1192
CFD LONG 52,000 7.1192
CFD LONG 318,500 7.1192
CFD LONG 59,400 7.1200
CFD LONG 492,693 7.1200
CFD SHORT 50,000 7.1071

(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.

NONE

Date of disclosure 22 January 2008

Contact name Zafrhan Fahmy

Telephone number 020 7677 1871

Name of offeree/offeror with which connected Pearl Assurance Plc
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
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