PRLG Pearl Grp (DI)

 

TIDMPRLG 
 
RNS Number : 5339I 
Pearl Group 
12 March 2010 
 

                     Pearl Group in Substantive Discussions 
                      with Ad Hoc Committee of Noteholders 
 
 
Pearl Group wishes to confirm that it is in substantive and positive discussions 
with the Ad Hoc Committee ("the Committee") of Noteholders to resolve the issues 
that have existed between them to date.  The Committee represents over 60% of 
the holders of the Group's Tier 1 Notes. 
 
Pearl Group hopes to be able to make a full announcement shortly. 
 
Any agreement would be subject to approval by the Group's regulators and other 
stakeholders as well as a vote in favour of the proposals by noteholders. 
 
Media: 
 
Daniel Godfrey, Director of Corporate Communications, Pearl Group 
+ 44 (0) 20 7489 4517 (DD) 
+ 44 (0) 7894 937 890 (Mob) 
 
Andrew Grant, James Bradley, Mal Patel 
Tulchan Communications 
+ 44 (0) 20 7353 4200 
 
 
Investors: 
 
Fiona Clutterbuck, Pearl Group 
+ 44 (0) 20 7489 4881 
 
Lorraine Rees, Head of Investor Relations, Pearl Group 
+44 (0) 20 7489 4456 
 
 
 
Notes for Editors 
 
The Tier 1 Notes referred to are Pearl Group Holdings (No. 1) Limited 
GBP500,000,000 6.5864% Fixed/Floating Rate Perpetual Reset Capital Securities 
ISIN (XS0235245205). 
Pearl Group is holding an EGM on 15 March at which shareholders are being asked 
to approve a change in name of the company to Phoenix Group Holdings. 
Pearl Group will announce its 2009 full year results on 31 March 2010. 
Pearl Group expects to seek a premium listing on the London Stock Exchange in 
the first half of 2010. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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