Completion of the AXA Business Acquisition

Completion Announcement - AXA Business Acquisition

Phoenix Group Holdings

1 November 2016

Phoenix Group Holdings announces the completion of the acquisition of AXA Wealth's pensions and protection businesses

Further to the announcement of 17 October 2016, Phoenix Group Holdings today announces the completion of the acquisition of AXA Wealth's pensions and protection businesses by Pearl Life Holdings Limited from AXA UK plc.

Enquiries

Investors:

Sam Perowne, Head of Investor Relations, Phoenix Group

+44 (0) 20 3735 0021

Media:

Neil Bennett, Maitland

Tom Eckersley, Maitland

+ 44 (0) 20 7379 5151