Exhibit 99(a) Note 12 - Discontinued Operations ---------------------------------- Life Insurance Segment ---------------------- On April 26, 2001, we announced an agreement by our subsidiary, St. Paul Fire and Marine Insurance Company ("Fire and...Purchase Agreement • October 15th, 2001 • St Paul Companies Inc /Mn/ • Fire, marine & casualty insurance
Life Insurance Segment ---------------------- On April 26, 2001, we announced an agreement by our subsidiary, St. Paul Fire and Marine Insurance Company ("Fire and Marine"), to sell its life insurance company, Fidelity and Guaranty Life Insurance Company, and its subsidiary, Thomas Jefferson Life, (together, "F&G Life") to Old Mutual plc ("Old Mutual") for $335 million in cash and $300 million in shares of Old Mutual stock. The consideration is subject to possible adjustment related to F&G Life's investment portfolio. If the market value of specified securities within that portfolio changes between March 31, 2001 and the closing date, or if any securities within that portfolio experience specified credit rating downgrades prior to closing, the consideration is subject to adjustment. Pursuant to the purchase agreement, The St. Paul, or any direct or indirect wholly owned subsidiary of The St. Paul, must hold the Old Mutual stock received for one year after the closing of the transaction
September 26, 2001 OLD MUTUAL PLC Lansdowne House 57 Berkeley Square 3rd Floor London W1J 6ER United Kingdom OLD MUTUAL U.S. LIFE HOLDINGS, INC. 12900 Metcalf, Suite 200 Overland Park, Kansas 66213 Dear Sirs: This letter agreement amends the Stock...Stock Purchase Agreement • October 15th, 2001 • St Paul Companies Inc /Mn/ • Fire, marine & casualty insurance • New York
