Page was last updated on: 24-Feb-2011 03:50 PM UTC

RSA 6.875 15-Oct-19 FRN CALd

RSA INSURANCE GROUP PLC WR MDY 15-Oct-2009 ISIN: XS0102738035 Callable GB / EUR

Finance - Diversified/Misc. Floating: Fixed then Floating, Structured Note Subordinated Note Called

Issue Description Issuance Details

Domicile of Issuer: United Kingdom (GB) Issue Date / Price / Yield: 15-Oct-1999 / 99.38 / --
Market of Issue: Eurobond Issue Spread: 188.0 (4.50% BUND July 2009)
Name of Borrower: -- Original Issue Amount: 200,000,000 EUR
Domicile of Borrower: -- Total Issue Amount: 200,000,000 EUR
S&P Industry: Finance - Diversified/Misc. Total Price to Public: -- EUR
Program Type: -- Announcement Date: --
Seniority: Subordinated Unsecured Auction Date: --
Private Placement: No MTN: No
Guarantor: Royal Sun Alc In Underwriters:
ECB Indicator: Not ECB Eligible
Name Type Amount
Series #: --
ABN AMRO INC Joint Lead Manager --
Ownership Type: Bearer
HSBC BANK PLC Joint Lead Manager --
TRFIT US Eligibility Code: Bearer bond
BARCLAYS CAPITAL PLC Joint Lead Manager --
Date Seasoned: --
LANDESBANK BADEN WURTTEMBERG Joint Lead Manager --
TRACE Status: Not TRACE Reportable and not Disseminated
JP MORGAN SECURITIES (CI) LTD Joint Lead Manager --
Collateral Type: --
MERRILL LYNCH INTERNATIONAL INC Joint Lead Manager --
Min. Denomination / Increment: 10,000.00 / 10,000.00 EUR
Convertible Type: -- Principal / Coupon Information

Convertible Into: -- Maturity Date / Next Call Date: 15-Oct-2019 @ 100 / -- @ --

Warrants: No Principal / Coupon Currency: EUR / EUR
Clearing House: Clearstream, Euroclear Amount Outstanding: 0 EUR
Exchange Listed: %Amount Outstanding / Total Issue Amount: --

Exchange Code Exchange Name Coupon Type / Frequency: Floating: Fixed then Floating / Quarterly

FRA FRANKFURT STOCK EXCHANGE Current Coupon / Next Pay Date: 6.8750 / 15-Oct-2009

LSE LONDON STOCK EXCHANGE PLC Coupon Formula: EU03MLIB + 2.25 [lookback 2 Business Days]

SWX SWISS EXCHANGE Dated / First / Final Coupon: 15-Oct-1999 / 15-Oct-2000 / 15-Jul-2019
Irregular Coupon: First
EU Savings Tax Directive: No
Withholding Tax: -- Ratings
Offering Type: Underwritten Rating Source Date Rating Watch Code
Solvability Ratio: -- Moody's Long-term Issue Credit Rating 15-Oct-2009 WR --
Fitch's Long-term Issue Credit Rating 27-Mar-2009 BBB --
Standard & Poor's 11-Dec-2007 BBB+ --
Bankwatch 15-Oct-1999 NR --

Copyright Reuters, 2011 All Rights Reserved Page 1

 Duff & Phelps 15-Oct-1999 NR --
Dominion Bond Rating Service (DBRS) - Bond 15-Oct-1999 NR --
Fitch/IBCA 15-Oct-1999 NR --

Copyright Reuters, 2011 All Rights Reserved Page 2

 Page was last updated on: 24-Feb-2011 03:50 PM UTC
RSA 6.875 15-Oct-19 FRN CALd

RSA INSURANCE GROUP PLC WR MDY 15-Oct-2009 ISIN: XS0102738035 Callable GB / EUR

Finance - Diversified/Misc. Floating: Fixed then Floating, Structured Note Subordinated Note Called

Security Identifiers Redemption

Type Value First Refunding Date: --
ISIN XS0102738035 Next Call: -- @ --
SEDOL 0876609 Next Put: -- @ --
COMMON CODE 010273803 Next Sink: -- @ --
VALOREN 1004476 Worst: -- -- @ --
WERTPAPIER 352921
Amount Outstanding History
Underwriting and Original Issue Fees Date Amount Outstanding Currency Price
Praecipium: -- 15-Oct-2009 0 EUR --
Management Fee / Share: -- 15-Oct-1999 200,000,000 EUR 99.38
Underwriter Fee: 0.25
Historical Ratings
Gross Spread: 0.550
Rating Source Date Rating
Asset Status History Moody's Long-term Issue Credit Rating 15-Oct-2009 WR
Date Status Fitch's Long-term Issue Credit Rating 27-Mar-2009 BBB
15-Oct-2009 Called Moody's Long-term Issue Credit Rating 02-Dec-2008 Baa1
18-Aug-2009 To Be Called Fitch's Long-term Issue Credit Rating 11-Aug-2008 BBB
15-Oct-1999 Issued Standard & Poor's 11-Dec-2007 BBB+
28-Sep-1999 To Be Issued Fitch's Long-term Issue Credit Rating 25-May-2007 BBB
Moody's Long-term Issue Credit Rating 14-Mar-2007 Baa2
Fitch's Long-term Issue Credit Rating 05-Mar-2007 BBB
Fitch's Long-term Issue Credit Rating 29-Sep-2006 BBB-
Fitch's Long-term Issue Credit Rating 08-Jul-2005 BBB-
Moody's Long-term Issue Credit Rating 25-Apr-2005 Baa3
Fitch's Long-term Issue Credit Rating 20-Nov-2003 BB
Fitch's Long-term Issue Credit Rating 04-Sep-2003 BB
Moody's Long-term Issue Credit Rating 04-Jul-2003 Ba2
Fitch's Long-term Issue Credit Rating 25-Feb-2003 BB+
Fitch's Long-term Issue Credit Rating 11-Nov-2002 BBB-
Moody's Long-term Issue Credit Rating 08-Nov-2002 Ba1
Standard & Poor's 07-Nov-2002 BBB
Moody's Long-term Issue Credit Rating 10-Oct-2002 Baa2
Standard & Poor's 20-Aug-2002 BBB+
Fitch's Long-term Issue Credit Rating 27-Mar-2002 BBB+
Standard & Poor's 13-Nov-2001 A-

Copyright Reuters, 2011 All Rights Reserved Page 3

 Moody's Long-term Issue Credit Rating 08-Nov-2001 A3
Moody's Long-term Issue Credit Rating 11-Jan-2001 A2
Fitch's Long-term Issue Credit Rating 01-Jun-2000 NR
Bankwatch 15-Oct-1999 NR
Duff & Phelps 15-Oct-1999 NR
Dominion Bond Rating Service (DBRS) - Bond 15-Oct-1999 NR
Fitch/IBCA 15-Oct-1999 NR
Standard & Poor's 15-Oct-1999 A
Moody's Long-term Issue Credit Rating 30-Sep-1999 A1

Copyright Reuters, 2011 All Rights Reserved Page 4

 Page was last updated on: 24-Feb-2011 03:50 PM UTC
RSA 6.875 15-Oct-19 FRN CALd
RSA INSURANCE GROUP PLC WR MDY 15-Oct-2009 ISIN: XS0102738035 Callable GB / EUR

Finance - Diversified/Misc. Floating: Fixed then Floating, Structured Note Subordinated Note Called

Market Conventions
Settlement: Trade + 3BDY
Ex-Dividend Rules: --
Day Count Basis: ACT/ACT
Holiday: TARGET
End of Month Convention: Same day of the month
Yield Calculation Convention: --
Price Rounding: Round DOWN 3 places
Accrued Interest Truncation: --
Min. Denomination / Increment: 10,000.00 / 10,000.00
Price Quote: Without Accrued
Yield Type: --
Linear Last Period: No special processing of the last period(s)
Withholding Tax: --
Yield Assumptions: --

Copyright Reuters, 2011 All Rights Reserved Page 5

 Page was last updated on: 24-Feb-2011 03:50 PM UTC
RSA 6.875 15-Oct-19 FRN CALd
RSA INSURANCE GROUP PLC WR MDY 15-Oct-2009 ISIN: XS0102738035 Callable GB / EUR

Finance - Diversified/Misc. Floating: Fixed then Floating, Structured Note Subordinated Note Called

Call
Method: Entire or ProRata
Frequency: Qrtrly
Notification Day(s): 30 - 60 Calendar Day(s)
Option Type: Bermudan (By Sched)

Start Date End Date Price

15-Jul-2019 15-Jul-2019 100
15-Apr-2019 15-Apr-2019 100
15-Jan-2019 15-Jan-2019 100
15-Oct-2018 15-Oct-2018 100
15-Jul-2018 15-Jul-2018 100
15-Apr-2018 15-Apr-2018 100
15-Jan-2018 15-Jan-2018 100
15-Oct-2017 15-Oct-2017 100
15-Jul-2017 15-Jul-2017 100
15-Apr-2017 15-Apr-2017 100
15-Jan-2017 15-Jan-2017 100
15-Oct-2016 15-Oct-2016 100
15-Jul-2016 15-Jul-2016 100
15-Apr-2016 15-Apr-2016 100
15-Jan-2016 15-Jan-2016 100
15-Oct-2015 15-Oct-2015 100
15-Jul-2015 15-Jul-2015 100
15-Apr-2015 15-Apr-2015 100
15-Jan-2015 15-Jan-2015 100
15-Oct-2014 15-Oct-2014 100
15-Jul-2014 15-Jul-2014 100
15-Apr-2014 15-Apr-2014 100
15-Jan-2014 15-Jan-2014 100
15-Oct-2013 15-Oct-2013 100
15-Jul-2013 15-Jul-2013 100
15-Apr-2013 15-Apr-2013 100
15-Jan-2013 15-Jan-2013 100
15-Oct-2012 15-Oct-2012 100

Copyright Reuters, 2011 All Rights Reserved Page 6

 15-Jul-2012 15-Jul-2012 100
15-Apr-2012 15-Apr-2012 100
15-Jan-2012 15-Jan-2012 100
15-Oct-2011 15-Oct-2011 100
15-Jul-2011 15-Jul-2011 100
15-Apr-2011 15-Apr-2011 100
15-Jan-2011 15-Jan-2011 100
15-Oct-2010 15-Oct-2010 100
15-Jul-2010 15-Jul-2010 100
15-Apr-2010 15-Apr-2010 100
15-Jan-2010 15-Jan-2010 100
15-Oct-2009 15-Oct-2009 100

Copyright Reuters, 2011 All Rights Reserved Page 7

 Page was last updated on: 24-Feb-2011 03:50 PM UTC
RSA 6.875 15-Oct-19 FRN CALd
RSA INSURANCE GROUP PLC WR MDY 15-Oct-2009 ISIN: XS0102738035 Callable GB / EUR

Finance - Diversified/Misc. Floating: Fixed then Floating, Structured Note Subordinated Note Called

Floating Rate Note Details Coupon History

Index: EU_3MO_EURIBOR Date Coupon
Current Cap: -- 15-Oct-1999 6.8750
Current Floor: 0.0000
Reset Freq: Quarterly
Next Reset: 15-Oct-2009
Life Cap: --
Life Floor: 0.0000

Date Formula Cap Floor Coupon Cutoff Maturity Cutoff

15-Oct-2009 EU03MLIB + 2.25 [lookback 2 Business Days] -- 0.0000 -- --

Copyright Reuters, 2011 All Rights Reserved Page 8

 Page was last updated on: 24-Feb-2011 03:50 PM UTC
RSA 6.875 15-Oct-19 FRN CALd
RSA INSURANCE GROUP PLC WR MDY 15-Oct-2009 ISIN: XS0102738035 Callable GB / EUR

Finance - Diversified/Misc. Floating: Fixed then Floating, Structured Note Subordinated Note Called

Notes
Note Date Event Note/Disclosure
Call
18-Aug-2009
Terms/Schedule

15-Oct-1999 Asset Complex issue - Interest reset rate formula cannot be applied. Holiday convention for coupon payments and rate changes not available.

15-Oct-1999 Guaranteed Text The Notes are guaranteed by Royal & Sun Alliance plc.

Copyright Reuters, 2011 All Rights Reserved Page 9