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Issue of Debt

19th Apr 2006 15:17

Issue of floating rate unsecured notes 201119 April 2006Friends Provident plc announces that on 18 April 2006 it issued ‚£18,030,885floating rate unsecured notes 2011 (the `Notes'). The Notes are not listed.As stated in the Preliminary Results Announcement of 23 March 2006, the maximumconsideration of ¢â€š¬85 million has become due to the vendors in respect of the2005 deferred consideration payable in relation to the purchase of LombardInternational Assurance S.A.. Part of this maximum payment has been satisfiedby the issue of the Notes and the balance has been paid in cash.This announcement does not constitute, or form part of, an offer or anysolicitation of an offer to purchase or subscribe for securities in anyjurisdiction.Enquiries: Gordon Ellis, Group Secretary 01306 653087ENDFRIENDS PROVIDENT PLC

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