Rule 8.1- FRIENDS PROVIDENT

1st Nov 2007 09:26

Morgan Stanley Securities Limited01 November 2007 FORM 8.1 DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS (Rules 8.1(a) and (b)(i) of the City Code on Takeovers and Mergers) 1. KEY INFORMATION Name of person dealing (Note 1) Morgan Stanley Securities LimitedCompany dealt in Friends Provident PlcClass of relevant security to which the Ordinary Sharesdealings being disclosed relate (Note 2) Date of dealing 31 October 2007 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class ofrelevant security dealt in (Note 3) Long Short Number Number (%) (%) (1) Relevant securities 104,968 (0.00%) 3,038,915 (0.14%) (2) Derivatives (other than options) 0 N/A 0 N/A (3) Options and agreements to purchase/sell 0 N/A 0 N/A Total 104,968 (0.00%) 3,038,915 (0.14%) (b) Interests and short positions in relevant securities of the company,other than the class dealt in (Note 3) Class of relevant security: Long Short Number Number (%) (%) (1) Relevant securities 0 0 N/A N/A (2) Derivatives (other than options) 0 0 N/A N/A (3) Options and agreements to purchase/sell 0 0 N/A N/A Total 0 0 N/A N/A (c) Rights to subscribe (Note 3) Class of relevant security: Details N/A N/A 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5) GBP PURCHASE 365 1.8120PURCHASE 46,800 1.8150PURCHASE 2,071 1.8170PURCHASE 5,500 1.8180PURCHASE 5,800 1.8210PURCHASE 31,729 1.8250PURCHASE 12,000 1.8250PURCHASE 4,971 1.8250SALE 5,900 1.8060SALE 5,800 1.8060SALE 600 1.8080SALE 500 1.8080SALE 80 1.8080SALE 500 1.8080SALE 500 1.8080SALE 500 1.8090SALE 500 1.8090SALE 500 1.8090SALE 6,018 1.8090SALE 500 1.8090SALE 282 1.8090SALE 500 1.8090SALE 500 1.8090SALE 500 1.8090SALE 500 1.8090SALE 500 1.8090SALE 6,305 1.8110SALE 3,500 1.8110SALE 1,047 1.8110SALE 448 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 500 1.8110SALE 20 1.8110SALE 11,700 1.8210SALE 2,762 1.8210SALE 438 1.8210SALE 5,000 1.8210SALE 4,300 1.8210SALE 12,800 1.8220SALE 4,415 1.8270SALE 1,685 1.8270SALE 900 1.8310SALE 2,327 1.8310SALE 5,146 1.8310SALE 8,900 1.8310SALE 1,927 1.8310SALE 4,503 1.8310SALE 2,453 1.8310SALE 3,071 1.8310SALE 773 1.8310SALE 500 1.8310SALE 400 1.8330SALE 2,894 1.8330SALE 306 1.8330SALE 2,900 1.8330SALE 500 1.8330SALE 1,700 1.8330SALE 500 1.8330SALE 5,000 1.8340SALE 16 1.8350SALE 200 1.8350SALE 500 1.8350SALE 1,084 1.8350SALE 4,900 1.8360SALE 75 1.8360SALE 225 1.8360 (b) Derivatives transactions (other than options) Product name, Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5) e.g. CFDN/A N/A N/A N/A (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American,e.g. call option varying etc. relates (Note 7) price European etc. date paid/received per unit (Note 5) N/A N/A N/A N/A N/A N/A N/A (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 5)N/A N/A N/A (d) Other dealings (including new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) N/A N/A N/A 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relatingto the voting rights of any relevant securities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form isreferenced. If none, this should be stated.N/A Is a Supplemental Form 8 attached? (Note 9) YES/ Date of disclosure 01 November 2007 Contact name Zafrhan Fahmy Telephone number 020 7677 1871 Name of offeree/offeror with which associated Pearl Assurance Plc (as an offeror for Resolution plc)Specify category and nature of associate status (Note 10) Advisor Notes The Notes on Form 8.1 can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk Supplemental Form 8: Details of open positions (in accordance with Note 9) Writing, selling, purchasing, Number of securities to which the option Exercise Expiryvarying etc. relates (Note 7) price (GBP) dateSELLING 1,680,353 0.0000 05/12/2007SELLING 407,971 0.0000 05/12/2007SELLING 754,440 0.0000 05/12/2007SELLING 196,151 0.0000 05/12/2007PURCHASING 104,968 0.0000 05/12/2007 This information is provided by RNS The company news service from the London Stock Exchange

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