3rd May 2006 11:11
Resolution PLC03 May 2006 Not for release, distribution or publication into or in the United States,Australia, Canada, Japan or South Africa. 3 May 2006 Resolution plc discussions with Abbey National plc Resolution plc ("Resolution"), the UK's leading specialist manager of in-forcelife funds, notes the recent speculation concerning the possible acquisition ofAbbey National plc's life insurance businesses. Resolution confirms that it has entered into exclusive negotiations to acquirethe entire UK and offshore life businesses of Abbey National plc. Thesenegotiations are at a preliminary stage. In any transaction Resolution considers, the Group's previously statedcommitment to a hurdle rate of a 12% internal rate of return, includingsynergies, will remain paramount. Any transaction would be funded by anappropriate mix of equity and debt, taking account of the capital structure ofthe businesses being acquired. A further announcement will be made when appropriate. Ends Enquiries: Analysts and investors Resolution plcSteve Riley: Investor Relations Director +44 (0) 20 7489 4884 Media Temple Bar Advisory LimitedAlex Child-Villiers +44 (0)77 9542 5580 This announcement is not an offer to sell or a solicitation of any offer to buythe securities of Resolution plc (the "Company", and such securities, the"Securities") in the United States or in any other jurisdiction. The Securities have not been and will not be registered under the US SecuritiesAct of 1933, as amended (the "Securities Act") and may not be offered or sold inthe United States unless registered under the Securities Act or an exemptionfrom such registration is available. No public offering of Securities of theCompany is being made in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sant Uk.10te%