Legal & General : announces the appointment of Dharshini David as Corporate Affairs Director

16 March 2017

Legal & General Group Plc ('Legal & General') is pleased to announce the appointment of Dharshini David as Corporate Affairs Director. Dharshini will take up the appointment at the end of March and will report to Group CEO, Nigel Wilson. She will be responsible for developing and implementing Legal & General's external communications and corporate social responsibility strategies.

Dharshini was previously Business Presenter at Sky News and co-presented the channel's political programme, Sky News Tonight. Before joining Sky in 2009, Dharshini worked with Tesco's board, overhauling and delivering the retailer's broadcast media strategy on all areas, from financial results to consumer and social responsibility issues. She was previously a financial correspondent and presenter for the BBC in London and New York, where she led the corporation's Wall Street coverage of the emergence of the financial crisis. Dharshini was recruited by the BBC while working on HSBC Investment Bank's trading floor as its UK Economist.

Nigel Wilson, Group CEO said: 'Dharshini represents a further strengthening of our Management team. Her energy, enthusiasm and intellect will play an important role in Legal & General delivering and communicating our financial, economic and social goals'.

Dharshini David said: 'In this era of immense uncertainty and change, Legal and General has a crucial role to play in ensuring financial security and wellbeing in our society. I'm extremely excited to join the team as they pursue solutions to the challenges that affect us all - from an ageing population and long term care to a housing crisis and a lack of investment in physical and digital infrastructure'.

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NOTES TO EDITORS:

Legal & General Group Plc:

1. Established in 1836, Legal & General is a leading provider of insurance, savings and investment management products in the UK. The Group has a market capitalisation of £14.8bn (as at 15 March 2017) and is responsible for investing £894.2bn worldwide (as at 31 December 2016) on behalf of investors, policyholders and shareholders.
2. Legal & General has over seven million customers in the UK for life assurance, pensions, investments and general insurance plans and over one million customers in the US who rely on us for life assurance.
3. For full year 2016, Legal & General's adjusted operating profit (IFRS basis) was £1,628m and adjusted earnings per share were 22.20p for the period, an increase of 11% and 19% respectively. Net release from operations (net cash) was up 12% to £1,411. Full year dividend was up 7% to 14.35p, with adjusted return on equity at 19.6%. Legal & General Retirement new business was £8.5bn, and annuity assets were up 25% to £54.4bn. Group wide direct investments were up 39% to £10bn.
4. Legal & General is listed on the London Stock Exchange with the ticker symbol LGEN.LN and has an American Depositary Receipt ticker symbol OTC:LGGNY. Further information on our ADR program can be found here: http://www.legalandgeneralgroup.com/investors/adr.html

For more information on Legal & General, please see http://www.legalandgeneralgroup.com/

FORWARD-LOOKING STATEMENTS

This announcement may contain certain forward-looking statements relating to Legal & General, its plans and its current goals and expectations relating to future financial condition, performance and results. By their nature, forward-looking statements involve uncertainty because they relate to future events and circumstances which are beyond Legal & General's control, including, among others, UK domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory and Governmental authorities, the impact of competition, the timing impact of these events and other uncertainties of future acquisition or combinations within relevant industries. As a result, Legal & General's actual future condition, performance and results may differ materially from the plans, goals and expectations set out in these forward-looking statements and persons reading this announcement should not place reliance on forward-looking statements. These forward-looking statements are made only as at the date on which such statements are made and Legal & General Group Plc does not undertake to update forward-looking statements contained in this announcement or any other forward-looking statement it may make