Latest Update from Royal Skandia

Dear

I have attached the latest announcements from the liquidator. We do not expect to hear anything further until after the court hearing on 29 January 2009.

It is Royal Skandia’s understanding that the Isle of Man Government’s early payment scheme will apply to all Royals Skandia’s deposits. However this has not been confirmed by Tynwald (Isle of Man Parliament). Confirmation is expected to be given during the next sitting of Tynwald, scheduled for 20th to 22nd of January 2009.

You are not required to complete and submit a claim form as Royal Skandia will do this for all the deposits held in its name.

We will write to you again when we have further information.

It is not possible at this stage to predict how much will be recovered by the liquidator. However, it is apparant from the liquidators announcements that funds have been recovered and more are expected.

If I can be of further assistance please contact me.

Yours sincerely

Miss Christine Edge

Customer Helpdesk

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