In the High Court of Justice (Chancery Division)
Companies Court  No 4086 of 2006

In the Matter of PEARL ASSURANCE (UNIT LINKED PENSIONS) LIMITED
and

In the Matter of PEARL ASSURANCE (UNIT FUNDS) LIMITED
and

In the Matter of LONDON LIFE LINKED ASSURANCES LIMITED
and

In the Matter of NPI LIMITED
(together the “Applicants”)
and

In the Matter of PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

Notice is hereby given that on 15 June 2006 the Applicants presented an application under section 107 of the Financial Services and Markets Act 2000 (the “Act”) to the High Court of Justice in England and Wales (the “Application”) for an Order:

1. under section 111 of the Act sanctioning a scheme (the “Scheme”) for the transfer of the whole of the insurance business carried on by Pearl Assurance (Unit Linked Pensions) Limited, Pearl Assurance (Unit Funds) Limited and London Life Linked Assurances Limited to NPI Limited; and
2. making ancillary provision in connection with the Scheme pursuant to section 112 of the Act.

A copy of a report on the terms of the Scheme (the “Report”) prepared by an independent expert in accordance with section 109 of the Act and a statement setting out the terms of the Scheme and containing a summary of the Report may be obtained free of charge by calling 0870 033 0002 between 9.00 am and 6.00 pm Monday to Friday (all calls are charged at the national rate) or by writing to SLC Team, MP12, The Pearl Centre, Lynch Wood, Peterborough PE2 6FY. These documents can also be viewed on the websites: www.pearl.co.uk/schemeinfo; www.london-life.com/schemeinfo; www.npi.co.uk/schemeinfo.
If you have any questions about the proposed changes, please call the telephone helpline number above.
The Application is directed to be heard before a Judge of the Chancery Division, Companies Court at the Royal Courts of Justice, The Strand, London WC2A 2LL, on 11 September 2006.
Any person who believes that he or she will be adversely affected by the Scheme is entitled to attend (in person or by legal representative with advocacy rights) and be heard by the High Court at the hearing of the Application. Any person who intends to attend the hearing is requested to write to our solicitors, Freshfields Bruckhaus Deringer, 65 Fleet Street, London EC4Y 1HS (quoting reference RWS/JT) as soon as possible and ideally before 28 August 2006, in order that we can be clear on attendee numbers.