Morgan Stanley Secs - EPT Disclosure

RNS Number:0729S
Morgan Stanley Securities Limited
10 April 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 09 April 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

916,402 1.3980 1.3690

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

3,036,307 1.3980 1.3666

(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 1,363 1.3880
CFD LONG 370 1.3880
CFD SHORT 21,959 1.3856
CFD LONG 2,216 1.3663
CFD LONG 6,306 1.3663
CFD LONG 5,432 1.3663
CFD LONG 1,295 1.3663
CFD LONG 8,526 1.3663
CFD LONG 9,662 1.3668
CFD LONG 11,175 1.3799
CFD LONG 69,149 1.3822
CFD LONG 6,400 1.3840
CFD LONG 30,025 1.3874
CFD LONG 134,689 1.3874
CFD LONG 633,868 1.3874
CFD LONG 2,482 1.3874
CFD LONG 52,401 1.3874
CFD LONG 11,134 1.3874
CFD LONG 340,000 1.3874
CFD LONG 233,395 1.3878
CFD LONG 845,000 1.3879
CFD LONG 56,468 1.3892
CFD LONG 30,648 1.3901
CFD LONG 107,304 1.3909
CFD SHORT 9,662 1.3792
CFD SHORT 69,149 1.3826
CFD SHORT 11,134 1.3845
CFD SHORT 134,689 1.3845
CFD SHORT 7,600 1.3850
CFD SHORT 14,700 1.3850
CFD SHORT 19,500 1.3850
CFD SHORT 9,400 1.3850
CFD SHORT 12,400 1.3850
CFD SHORT 35,500 1.3850
CFD SHORT 14,600 1.3850
CFD SHORT 5,300 1.3850
CFD SHORT 3,700 1.3850
CFD SHORT 67,147 1.3858
CFD SHORT 41,600 1.3931

(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 10 April 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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