Total Voting Rights

PHOENIX GROUP HOLDINGS - VOTING RIGHTS AND SHARE CAPITAL AS AT 30 JUNE 2011

This announcement is made in accordance with DTR 5.6.1 R.

As at 30 June 2011 the issued share capital of Phoenix Group Holdings (the "Company") comprised 172,553,715 ordinary shares of €0.0001 nominal value each.

Each ordinary share has one vote on a poll. The Company does not hold any shares in treasury.

Therefore, the total number of voting rights in the Company is 172,553,715. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest, or a change to their interest, in the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

Media Investor Relations

Daniel Godfrey Lorraine Rees

+ 44 (0) 20 7489 4517 + 44 (0) 20 7489 4456

+ 44 (0) 7894 937 890 + 44 (0) 7872 413277