Petitions to Transfer Business

Glasgow City-4.26746355.862328G2 5HNInsurance Companies Act 1982-3.19028555.948934EH1 1RQ-3.20428355.947478EH1 2ENG25HNEC1Y8YYEH12EN1991-12-122008-12-042008-10-24WC2A2LLEH11RQ2008-10-17The City of EdinburghThe City of WestminsterThe London Borough of Islington-0.09039151.521159EC1Y 8YY-0.11371651.514145WC2A 2LLTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk265462614/3732614/373

Petitions to Transfer Business

SCOTTISH MUTUAL ASSURANCE LIMITED

REGISTERED NO. SC133846

NOTICE is hereby given that an application was presented on 17 October 2008 to the Court of Session at the instance of Scottish Mutual Assurance Limited, a company incorporated under the Companies Acts with its Registered Office at 301 St. Vincent Street, Glasgow, G2 5HN (the "Company "), under inter alia paragraph 5(1)(e) of Schedule 2C to the Insurance Companies Act 1982 and/or Section 112(1)(d) of the Financial Services & Markets Act 2000 (the "2000 Act ") seeking inter alia an Order (1) authorising the amendment of the Scheme which was sanctioned by the Court of Session on 12 December 1991 and under which the long-term insurance business of The Scottish Mutual Assurance Society was transferred to the Company (the "Existing Scheme ") and (2), in particular, releasing the Company from the obligations presently imposed upon it by the Existing Scheme.

The Existing Scheme is proposed to be amended by two insurance business transfer schemes (the "New Schemes ") in terms of the 2000 Act and under the first of which part of the long term business of the Company is to be transferred to The Royal London Mutual Insurance Society Limited; and under the second of which the remaining part of the business is to be transferred to Phoenix Life Limited. Applications to sanction the New Schemes have been presented to the High Court of Justice, Strand, London WC2A 2LL. Those applications are to be heard on 4 December 2008. Any person wishing more information on the New Schemes should contact the solicitors set out second below.

In the present note to the Court of Session, the Court made an order dated 17 October 2008 that the application be advertised once in each of The Edinburgh Gazette and The Times newspapers and that any person claiming an interest in the application lodge Answers to it, if so advised, at the office of The Court of Session, 2 Parliament Square, Edinburgh EH1 1RQ within 21 days of the last of those advertisements.

1.  Dundas & Wilson CS LLP

Saltire Court

20 Castle Terrace

Edinburgh EH1 2EN

Solicitors for the Company

2.  Slaughter & May

One Bunhill Row

London

EC1Y 8YY

Ref. OAW/DZK

Solicitors for the Company in England