IN THE HIGH COURT OF JUSTICE

CR-2018-001858

BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES

COMPANIES COURT

IN THE MATTER OF THE ROYAL LONDON MUTUAL INSURANCE SOCIETY LIMITED

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IN THE MATTER OF ROYAL LONDON FINANCIAL SERVICES DAC

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IN THE MATTER OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

Notice is hereby given that on 8 October 2018 an Application was made under section 107 of the Financial Services and Markets Act 2000 (the "Act") in the High Court of Justice, Business and Property Courts of England and Wales, Companies Court in London by The Royal London Mutual Insurance Society Limited ("Royal London") and Royal London Financial Services DAC ("Royal London DAC") for Orders:

(i) under section 111 of the Act sanctioning a scheme (the "Scheme") providing for the transfer to Royal London DAC of certain long-term insurance business (as defined in the Act) of Royal London (the "Transferring Business"); and

(ii) making ancillary provision in connection with the Scheme pursuant to sections 112 and 112A of the Act.

Copies of the report on the terms of the Scheme prepared by an Independent Expert in accordance with section 109 of the Act (the "Scheme Report"), guides containing a statement setting out the terms of the Scheme and a summary of the Scheme Report, and the Scheme document may be obtained free of charge by contacting Royal London or Royal London DAC (as appropriate) using the relevant telephone number or address set out below. These documents, and other related documents including actuarial reports and sample copies of the communications to policyholders, are available at the websites below. These websites will be updated with any key changes in respect of the proposed transfer.

Any questions or concerns relating to the proposed transfer should be referred to Royal London or Royal London DAC using the following telephone number or address (as appropriate):

The Application is due to be heard before a Judge of the Chancery Division of the High Court at 7 Rolls Buildings, Fetter Lane, London EC4A 1NL on 31 January 2019. Any person (including any policyholder or employee of Royal London or Royal London DAC) who thinks that he or she would be adversely affected by the carrying out of the Scheme has a right to attend the hearing and express their views, either in person or by legal representative. It would be helpful if anyone intending to do so informed Pinsent Masons LLP, the solicitors acting for Royal London and Royal London DAC, in writing at the address below prior to 31 January 2019, but preferably as soon as possible, setting out their reasons why they believe they would be adversely affected.

Any person who alleges that they would be adversely affected by the Scheme but does not intend to attend the hearing may make representations about the Scheme by: (i) telephoning either Royal London or Royal London DAC using the telephone number above (as appropriate); (ii) writing to Royal London or Royal London DAC at the address above (as appropriate) or (iii) writing to Pinsent Masons LLP at the address below, prior to 31 January 2019, but preferably as soon as possible, setting out their reasons why they believe they would be adversely affected.

Royal London will inform the Financial Conduct Authority, the Prudential Regulation Authority and the High Court of any objections raised in advance of the hearing, regardless of whether the person making the objection intends to attend the hearing.

If the Scheme is sanctioned by the High Court, it will result in the transfer of the Transferring Business from Royal London to Royal London DAC notwithstanding any entitlement that a person would otherwise have to terminate, modify, acquire or claim an interest or right, or to treat an interest or right as terminated or modified as a result of anything done in connection with the Scheme. Any such entitlement will only be enforceable to the extent the order of the High Court makes provision to that effect.

Dated: 30 October 2018

Pinsent Masons LLP

30 Crown Place

Earl Street

London

EC2A 4ES

Ref: HA06/MB60

Solicitors acting for Royal London

and Royal London DAC