Zurich announces it does not intend to make an offer for RSA Montag, 21. September 2015 - 07:19

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

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE CODE).

Zurich Insurance Group (Zurich) announced it was evaluating a potential offer for RSA Insurance Group plc (RSA). Zurich today announces that discussions with RSA have now been terminated, and that Zurich does not intend to make an offer to acquire the entire issued and to be issued ordinary share capital of RSA.

This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement, Zurich will, except with the consent of the UK Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 2.8 of the Code.

Zurich today is separately issuing a preliminary trading update in respect of the third quarter 2015.