Citigroup GM UK Eqty - EPT Disclosure

RNS Number:0741S
Citigroup Global Markets UK EqtyLtd
10 April 2008

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(b) of the Takeover Code)

1. KEY INFORMATION

Name of exempt principal trader Citigroup Global Markets UK Equity Limited

Company dealt in Friends Provident Plc

Class of relevant security to which the Ord/Equity
dealings being disclosed relate (Note 1)

Date of dealing 09 April 2008

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 2)

Long Short

Number Number
(%) (%)

(1) Relevant securities 5,750,000 (0.25%) 0 (0.00%)

(2) Derivatives (other than options) (0.00%) (0.00%)

(3) Options and agreements to purchase/sell (0.00%) (0.00%)

Total 5,750,000 (0.25%) 0 (0.00%)

(b) Interests and short positions in relevant securities of the company,
other than the class dealt in (Note 2)

Long Short

Number Number
(%) (%)

(1) Relevant securities (0.00%) (0.00%)

(2) Derivatives (other than options) (0.00%) (0.00%)

(3) Options and agreements to purchase/sell (0.00%) (0.00%)

Total (0.00%) (0.00%)

(c) Rights to subscribe (Note 2)

Class of relevant security: Details

3. DEALINGS (Note 3)

(a) Purchases and sales

Purchase Number of securities Price per unit (Note 4)

GBP (unless stated)

1,250,000 1.3900
Total 1,250,000

Sales Number of securities Price per unit (Note 4)

GBP (unless stated)

Total

(b) Derivatives transactions (other than options)

Product name, Long/short (Note 5) Number of securities (Note 6) Price per unit (Note 4)

e.g. CFD

(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 6) price European etc. date paid/received per
unit (Note 4)

(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 4)

(d) Other dealings (including new securities) (Note 3)

Nature of transaction (Note 7) Details Price per unit (if applicable) (Note 4)

4. 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.

Is a Supplemental Form 38.5(b) attached? (Note 8) NO

Date of disclosure 10 April 2008

Contact name Pavla Trskova

Telephone number 02890 409544

Name of offeree/offeror with which connected J.C. Flowers & Co
Nature of connection (Note 9) Advisor

Notes

The Notes on Form 38.5(b) 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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