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Statement Regarding Press Speculation

24 Nov 2020 07:00

RNS Number : 2468G

Phoenix Group Holdings PLC

24 November 2020

Phoenix Group Holdings PLC

24 November 2020

STATEMENT REGARDING PRESS SPECULATION

Phoenix Group Holdings Plc ("Phoenix") notes the recent press speculation regarding the potential sale of its European businesses ("Phoenix Europe").

Phoenix Europe is an established participant in the European life insurance market, with operations across Ireland, Germany and the UK offshore savings market, and offers strategic optionality to develop Phoenix's proven M&A consolidation and growth strategy internationally.

In light of recent expressions of interest from third parties for the European business, Phoenix confirms that it is assessing a range of strategic options to maximise value for shareholders.

At this point there can be no certainty that a transaction will be achieved. A further announcement will be made in due course if appropriate.

For further information please contact:

Claire Hawkins, Head of Investor Relations, Claire.Hawkins@ThePhoenixGroup.com

Shellie Wells, Head of Corporate Communications, Shellie.Wells@ThePhoenixGroup.com

Douglas Campbell, Teneo (PR Adviser), Douglas.Campbell@teneo.com

LEI: 2138001P49OLAEU33T68

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