Rule 8.3- United Clearing

RNS Number:0883Y
Canada Life Ld
08 February 2006


                                                                        FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of person dealing (Note 1)                         Canada Life Limited
                                                        
Company dealt in                                        United Clearing (Sedol:
                                                        3206087)
Class of relevant security to which the dealings being  Ordinary shares
disclosed relate (Note 2)

Date of dealing                                         7th February 2006

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
     security dealt in (Note 3)

                                               Long               Short
                                               Number      (%)    Number   (%)
(1) Relevant securities                        1,200,000   6.71%
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
                                       Total   1,200,000   6.71%

(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of relevant security:                   Long             Short
                                              Number    (%)    Number    (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
                                      Total

(c) Rights to subscribe (Note 3)

Class of relevant security:                                  Details

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale     Number of securities          Price per unit (Note 5)
Purchase          25,000                        115p

(b) Derivatives transactions (other than options)

Product name, e.g. Long/short (Note Number of securities     Price per unit
CFD                6)               (Note 7)                 (Note 5)

(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying

Product   Writing,     Number of        Exercise Type, e.g. Expiry Option
name,e.g. selling,     securities to    price    American,  date   moneypaid/
call      purchasing,  which the option          European          received per
option    varying      relates (Note 7)          etc.              unit (Note 5)
          etc.


(ii) Exercising

Product name, e.g. call      Number of            Exercise price per unit (Note
option                       securities           5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details   Price per unit (if applicable) (Note 5)


4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.

..............................................................................

..............................................................................

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure                                            8th February
                                                              2006
Contact name                                                  Sarah Parkinson
Telephone number                                              020 7410 6651
If a connected EFM, name of offeree/offeror with which
connected
If a connected EFM, state nature of connection (Note 10)
Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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