In the High Court of Justice (Chancery Division)

Companies Court     No 7976 of 2011

In the Matter of SAVE & PROSPER INSURANCE LIMITED

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In the Matter of SAVE & PROSPER PENSIONS LIMITED

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In the Matter of COUNTRYWIDE ASSURED PLC

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In the Matter of THE FINANCIAL SERVICES AND MARKETS ACT 2000

Notice is hereby given that, on 13 September 2011, an Application was made to the High Court of Justice, Companies Court, in London by Save & Prosper Insurance Limited (“SPI”), Save & Prosper Pensions Limited (“SPP”) and Countrywide Assured plc (“CA”) for an Order under Section 111 of the Financial Services and Markets Act 2000 (the “Act”) sanctioning a scheme (the “Scheme”) providing for the transfer of the long-term insurance businesses of SPI and SPP to CA and making ancillary provision in connection with the Scheme under 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 and of a Circular containing a statement setting out the terms of the Scheme and a summary of the Independent Expert’s report, and a copy of the full Scheme document, may be obtained free of charge from the date of publication of this notice until the date on which the Application is heard by the Court by contacting either Save & Prosper in writing at PO Box 499, Welwyn Garden City, AL7 9HD or by telephone on 0845 0710 800 or Countrywide Assured in writing at Harbour House, Portway, Preston PR2 2PR or by telephone on 0800 262 536.

These documents (including Actuarial reports), can be downloaded through the Save & Prosper website at www.saveandprosper.com and the Countrywide Assured website at www.countrywideassured.co.uk.

The Scheme will result in the property and contracts related to the transferred businesses being transferred to Countrywide Assured notwithstanding any restrictions on transfer or requirements for counterparty consent and without triggering any pre-emption, termination or other rights which might otherwise arise. Any entitlement 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 pursuant to the Scheme will only be enforceable to the extent the Court so orders.

The Application is expected to be heard at the High Court of Justice, Strand, London WC2A 2LL on 15 December 2011. Any person (including any employee of SPI, SPP or CA) who thinks that he or she would be adversely affected by the carrying out of the Scheme may attend the hearing and express their views either in person or by a legal representative. Anyone wishing to do so is asked to inform the Solicitors named below in writing as soon as possible, and preferably before 8 December 2011. It is requested that anyone who does not intend to attend the Court hearing but wishes to make written representations about the Scheme should address them to the Solicitors named below as soon as possible, and preferably before 8 December 2011.

Maclay Murray and Spens LLP, One London Wall, London EC2Y 5AB (Reference: MBL), Solicitors to SPI, SPP and CA