Aviva redeems £210 million of debt

Aviva plc (the “Issuer”) announces that notification has been given to the holders of the £209,895,000 6.875 per cent. Step Up Tier I Insurance Capital Securities (the “Notes’’) and that it shall redeem the Notes in full on 21 November 2019 (i.e. the First Call Date) at their principal amount together with accrued interest to (but excluding) 21 November 2019.

In addition, the Issuer will apply to the Financial Conduct Authority, in its capacity as United Kingdom Listing Authority, to cancel the listing of the Notes on the Official List of the United Kingdom Listing Authority.

Capitalised terms not otherwise defined herein have the meanings given to them in the Terms and Conditions of the Notes.

• Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.
• In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.  
• Aviva’s asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and manages over £346 billion in assets (as at 30 June 2019). Total group assets under management at Aviva group are £501 billion (as at 30 June 2019).
• Aviva helps people save for the future and manage the risks of everyday life; in 2018 we paid £32.9 billion in claims and benefits on behalf of our 33 million customers.
• By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.
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