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The Phoenix Holdings Ltd.

Share Issue/Capital Change Oct 7, 2010

6983_iss_2010-10-06_19b67a6b-37b1-415e-93c5-52ea6725a2ec.pdf

Share Issue/Capital Change

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Phoenix Group Holdings (the "Company")

A block listing application has been made for 250,000 Ordinary Shares of 0.0001 Euros each in the Company to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.

These shares will be allotted in accordance with the rules of the Company's Sharesave Scheme. They will be issued fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.

Enquiries:

Media Investor Relations

Daniel Godfrey + 44 (0) 20 7489 4517 + 44 (0) 7894 937 890

Lorraine Rees + 44 (0) 20 7489 4456 + 44 (0) 7872 413277

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