Making Your Choice

Policyholder Update 15 July 2009

Dear Policyholder,

We have now loaded Appendices:

Appendix 25B - Supplementary Regulatory Comment
Appendix 37A - Valuation of the reattributed estates
Appendix 37B - Valuation of the reattributed estates
Appendix 38A - Aviva's new business assumptions
Appendix 38B - Aviva's new business assumptions
Appendix 39 - Impact of FSA guidance on policyholders
Appendix 45 - Formulation of guidance to policyholders

to the website, where they may be found via this link : http://www.policyholderadvocate.org/more-detail

Yours faithfully

Jonathan Haslam