com:20090909:RnsI7580Y
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RNS Number : 7580Y  
  
Standard Life plc  
  
09 September 2009  
  
Standard Life - an important development in China  
  
Standard Life is pleased to announce that the Chinese Regulators are in the 
final stages of approving a business combination whereby Bank of China would 
take a majority stake in Heng An Standard Life*. The company would then become a 
domestic insurance company. The commercial details, together with any further 
approvals required, are now being discussed between the parties.  
  
Bank of China has excellent distribution strengths and there continues to be 
significant growth potential across the fast developing life insurance industry 
in China.  On successful conclusion of the negotiations we expect to establish a 
strong strategic and value enhancing partnership between Standard Life, our 
partner Teda International and Bank of China. A further announcement will be 
made when appropriate.  
  
*Heng An Standard Life is a 50/50 joint venture partnership between Standard 
Life and Teda International.  
  
9 September 2009  
  
Enquiries:  
  
Duncan Heath, Investor Relations 0131 245 4742  
  
Barry Cameron, Media Relations 0131 245 6165  
  
END  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
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