BRIEF-Phoenix Group Confirms That It Is Now In Advanced Discussions In Respect Of A Potential Sale Of Its European Businesses

Phoenix Group Holdings PLC: * PHOENIX GROUP HOLDINGS PLC SAYS STATEMENT IN RESPONSE TO PRESS SPECULATION

* PHOENIX GROUP HOLDINGS PLC SAYS A SALE OF THE EUROPEAN BUSINESSES WILL ONLY BE CONSIDERED IF IT MAXIMISES VALUE FOR SHAREHOLDERS * PHOENIX - CONFIRMS THAT IT IS NOW IN ADVANCED DISCUSSIONS IN RESPECT OF A POTENTIAL SALE OF ITS EUROPEAN BUSINESSES

* PHOENIX GROUP HOLDINGS PLC SAYS DISCUSSIONS ARE ON-GOING ON THE SALE AND THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL BE AGREED Further company coverage:

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