Phoenix Group Holdings Regulatory News (PHNX)

Phoenix Group Holdings: Statement regarding Press Comment

The Board of Phoenix Group Holdings ("Phoenix") notes recent media speculation and confirms that it is in preliminary discussions with Swiss Re Ltd ("Swiss Re") in relation to a possible combination of Phoenix and Swiss Re's Admin Re Business Unit, which if successful would result in Swiss Re taking a minority shareholding in Phoenix in consideration.

There is no certainty that these discussions will lead to any transaction or the terms on which any such transaction might proceed.

Further statements will be made as and when appropriate.

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