Aviva Regulatory News (AV.)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

17 May 2022

Aviva plc

Return of Capital Update

Redemption of B Shares

Following its announcement on 16 May 2022 in relation to the proposed £3.75 billion return of capital by Aviva plc ("Aviva" or the "Company") by way of a B Share Scheme, the Company confirms that the redemption of the B Shares issued pursuant to the B Share Scheme will occur today. This is in addition to the £1 billion share buy-back which was completed on 31 March 2022.

It is expected that the holders of Ordinary Shares entitled to receive payments in respect of the proceeds from the redemption of the B Shares will receive such payment by 31 May 2022, and the holders of ADSs entitled to receive payments in respect of the proceeds from the redemption of the B Shares will receive such payment by 6 June 2022 in order to allow for the conversion from pounds sterling to US dollars by the Depositary.

In accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1(A) and further to the announcement on 16 May 2022, the Company confirms that, post completion of the previously announced B Share Scheme and Share Consolidation, the Company's total issued share capital consists of 2,802,364,720 Ordinary Shares of 32 17/19 pence each, with each New Ordinary Share carrying the right to one vote. The total number of voting rights in the Company is therefore 2,802,364,720. 

Capitalised terms used in this announcement which are not otherwise defined have the same meaning as set out in the explanatory circular regarding the B Share Scheme and the Share Consolidation, and containing a notice of general meeting, published on 5 April 2022 (the "Circular").

A copy of the Circular is available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.aviva.com/return-of-capital.

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IMPORTANT NOTICES

This announcement has been issued by and is the sole responsibility of Aviva. The information contained in this announcement is for background purposes only and does not purport to be full or complete. The information in this announcement is subject to change.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities pursuant to this announcement or otherwise.

This announcement has been prepared in accordance with and for the purpose of complying with English law, and Listing Rules and Disclosure Guidance and Transparency Rules of the FCA and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside of England and Wales.

This announcement introduces the proposals contained in the Circular, which should be read by shareholders before taking a decision. The announcement is not a summary of the proposals and should not be regarded as a substitute for reading the Circular.

The release, publication or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, fund manager, solicitor, accountant or other appropriate independent financial adviser duly authorised  under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom or, if not, from any appropriately authorised independent financial adviser.