RSA Insurance Group plc today announces that on 3 July 2014 it reached agreement to sell Sun Alliance Insurance (China) Limited ('RSA China') to Swiss Re Corporate Solutions.

RSA will receive consideration of approximately £71m payable in cash. The transaction is expected to result in a gain on sale and an addition to the Group's tangible net assets of approximately £26m.

Completion is subject to obtaining regulatory approval.

Stephen Hester, RSA Group Chief Executive said:

"This transaction builds on the momentum of our recently announced disposals in the Baltics, Poland and Canada, and represents continued progress against our aim of tightening the strategic focus of the Group. We are continuing to evaluate further non-core disposals, some of which we expect to agree during 2014."

RSA China underwrites both commercial and personal insurance risks and accounted for £14m of net written premiums in RSA Group's 2013 financial statements.


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Rupert Taylor Rea
p. +44 (0) 20 7111 7140
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e. rupert.taylorrea@gcc.rsagroup.com

Louise Shield
p. +44 (0) 20 7111 7047
m. +44 (0) 7786 114 662
e. louise.shield@gcc.rsagroup.com

Louise Jordan
p. +44 (0) 20 7111 1891
e. louise.jordan@gcc.rsagroup.com

Jon Sellors
p. +44 (0) 20 7111 7327
m. +44 (0) 7711 701 806
e. jon.sellors@gcc.rsagroup.com

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This press release may contain 'forward-looking statements' with respect to certain of the Group's plans and its current goals and expectations relating to its future financial condition, performance results, strategic initiatives and objectives. Generally, words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group's control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group and its affiliates operate. As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward-looking statements. Forward-looking statements in this press release are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.



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