(FP-.L) Friends Provident Group PLC Buy/Sell

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

(Rule 38.5(a) of the Takeover Code)
1. KEY INFORMATION
Name of exempt principal J.P. Morgan Securities Ltd.

trader
Company dealt in Friends Provident Plc
Class of relevant security Ordinary Shares

to which the dealings being disclosed relate (Note 1)
Date of dealing 02 November 2009
2. DEALINGS (Note 2)

(a) Purchases and sales

Total number of Highest price paid Lowest price paid (Note
securities purchased (Note 3) 3)

Total number of Highest price received Lowest price received
securities sold (Note 3) (Note 3)

136,183 0.816 GBP 0.816 GBP

(b) Derivatives transactions (other than options)

Product Long/short Number of securities Price per unit
name, (Note 4) (Note 5) (Note 3)

e.g. CFD (c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing, Number of Exerc Type, Expiry Option
name, selling, securities ise e.g. date money
e.g. call purchasin to which the price American paid/rece
option g, option , ived per
varying relates European unit
etc. (Note 5) etc. (Note 3)

(ii) Exercising
Product name, e.g. call Number of securities Exercise price per unit
option (Note 3)

3. 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.

Date of disclosure 03 November 2009
Contact name Richard Lock
Telephone number 020 7777 0423
Name of offeree/offeror with which Friends Provident

connected
Nature of connection (Note 6) 2

Notes

The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk