Morgan Stanley Secs - EPT Disclosure - Amendment

RNS Number:1460R
Morgan Stanley Securities Limited
31 March 2008

AMENDMENT TO ANNOUNCEMENT 0188R RELEASED AT 10:47 ON 28 MARCH 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 27 March 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

2,791,837 1.2377 1.2130

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

1,438,621 1.2410 1.2120

(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 52,534 1.2177
CFD LONG 17,835 1.2178
CFD LONG 143,694 1.2220
CFD LONG 5,158 1.2228
CFD SHORT 12,777 1.2170
CFD SHORT 83,267 1.2191
CFD SHORT 150,306 1.2194
CFD SHORT 47,741 1.2209
CFD SHORT 5,814 1.2209
CFD SHORT 2,800 1.2229
CFD SHORT 12,600 1.2229
CFD SHORT 15,800 1.2229
CFD SHORT 6,100 1.2229
CFD SHORT 7,900 1.2229
CFD SHORT 8,700 1.2229
CFD SHORT 27,800 1.2229
CFD SHORT 9,400 1.2229
CFD SHORT 4,200 1.2229
CFD SHORT 56,200 1.2231
CFD SHORT 105,498 1.2242
CFD SHORT 15,000 1.2268
CFD SHORT 240,000 1.2270
CFD SHORT 1,200,000 1.2317
CFD SHORT 5,158 1.2337
CFD SHORT 300,000 1.2377
CFD SHORT 10,858 1.5521
CFD LONG 19,703 1.2304

(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 31 March 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
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