Agreement to settle with Equitas in respect of Exxon and Kuwait reinsurance claims;

On 11 November we announced receipt of the judgement of the English Commercial Court in relation to the dispute with Equitas over reinsurance claims from the 1989 Exxon Valdez oil spill and claims by Kuwait Airways/British Airways arising out of the first Gulf War of 1990. In that announcement, we drew attention to the complexity of the judgement and the uncertainty over its potential financial impact on the Group.

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