IN THE HIGH COURT OF JUSTICE

BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES

COMPANIES COURT (ChD)

CR-2023-006670

IN THE MATTER OF

SCOTTISH EQUITABLE PLC

and

IN THE MATTER OF

THE ROYAL LONDON MUTUAL INSURANCE SOCIETY LIMITED

and

IN THE MATTER OF PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

NOTICE

Notice is hereby given that on 28 February 2024 an application, by CPR Part 8 Claim Form dated 2 February 2024, was made pursuant to section 107(1) of the Financial Services and Markets Act 2000 (the "Act") before the High Court of Justice, Business and Property Courts of England and Wales, Companies Court (ChD) in London (the "High Court") by Scottish Equitable plc ("SE") and The Royal London Mutual Insurance Society Limited ("Royal London") for Orders:

1. under section 111 of the Act sanctioning an insurance business transfer scheme (the "Scheme") providing for the transfer to Royal London of certain individual protection business of SE (the "Transferring Business"); and

2. making ancillary provision in connection with the Scheme pursuant to sections 112 and 112A of the Act,

(the "Application").

Copies of (i) the report on the terms of the Scheme prepared by an Independent Expert in accordance with section 109 of the Act (the "Independent Expert Report"), (ii) a guide setting out the terms of the Scheme and a summary of the Independent Expert Report, and (iii) the Scheme document may be obtained free of charge by contacting SE using the relevant telephone number or the postal or email address set out below. These documents, and other related documents including actuarial reports and sample copies of the communications to SE policyholders, are also available at the website listed below from the date of publication of this Notice until the date of the Hearing (as defined below). The website will be updated with any key changes in respect of the proposed transfer, on a rolling basis.

Any questions or concerns relating to the proposed transfer should be referred to SE using the following telephone number or postal or email address:

The Application is due to be heard before a Judge of the High Court at 7 Rolls Buildings, Fetter Lane, London EC4A 1NL on 14 June 2024 (the "Hearing"). Any person (including any policyholder or employee of SE or Royal London) who thinks that they 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 a suitably qualified legal representative. It would be helpful if anyone intending to do so informed Pinsent Masons LLP, the solicitors acting for SE, in writing at the address below prior to 31 May 2024, 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 SE using the telephone number above; (ii) writing to SE at the address above or (iii) writing to Pinsent Masons LLP at the address below, prior to 31 May 2024, but preferably as soon as possible, setting out their reasons why they believe they would be adversely affected.

SE will inform Royal London, the Financial Conduct Authority, the Prudential Regulation Authority, the Independent Expert 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. By submitting an objection to the Scheme, you consent to your objection and any personal data you provide with your objection being shared with Royal London, the Financial Conduct Authority, the Prudential Regulation Authority, the Independent Expert and the High Court.

If the Scheme is sanctioned by the High Court, it will result in the transfer of the Transferring Business from SE to Royal London 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 February 2024

Pinsent Masons LLP, 30 Crown Place, Earl Street, London, EC2A 4ES

Ref: HA.06.

Solicitors acting for SE