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Portfolio Transfer from Scottish Widows Limited to Scottish Widows Europe S.A.

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Scottish Widows Limited, with its registered office at 25 Gresham Street, London, United Kingdom, EC2V 7HN intends to transfer parts of its life insurance portfolio to Scottish Widows Europe S.A., with its registered office at 20 Rue de la Poste, 2346 Luxembourg.

According to details received from the British supervisory authority, contracts with policyholders in Austria are among those affected.

Policyholders are reminded about a general termination right pursuant to Article 31 para. 2 of the Insurance Supervision Act 2016 (VAG 2016).