Phoenix Group Holdings Warrant Redemption Notice (3527V)

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RNS Number : 3527V

Phoenix Group Holdings

23 July 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Simplification of capital structure - notice of amendment and redemption of warrants

23 July 2018

On 2 September 2009, Phoenix Group Holdings (then known as Pearl Group) (the "Company") issued 5 million warrants (the "warrants") over its shares to certain of its lenders, executing a deed poll setting out the terms of the warrants (the "warrant instrument").

The Company is pleased to announce that, having now amended the warrant instrument to permit the redemption at the relevant price, it will redeem all outstanding warrants on 23 August 2018 at the value of the warrants as shown in the Company's annual report and accounts for the year ended 2017.

Enquiries

Equity Investors/Analysts:

Claire Hawkins, Head of Investor Relations, Phoenix

[phone]

Media

Andy Donald and Vikki Kosmalska, Maitland

+ 44 (0) 20 7379 5151

Shellie Wells, Head of Corporate Communications, Phoenix Group

[phone]/ [phone]

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July 23, 2018 02:00 ET (06:00 GMT)