SOURCE: Aviva PLC

April 24, 2013 06:43 ET

Aviva PLC: Completion of settlement with JV partner Bankia

LONDON--(Marketwired - Apr 24, 2013) -


        COMPLETION OF SETTLEMENT WITH SPANISH PARTNER BANKIA

Aviva plc ("Aviva") announces that it has received EUR608(1) million in
cash from Bankia S.A. ("Bankia") following settlement and transfer of
its entire holding in Spanish joint venture Aseval to Bankia.

The completion on this transaction demonstrates the delivery of our
strategic imperatives and improves our liquidity and capital position.

Enquiries:

Media

Yasmin Saleh                                   +44 (0)7800 694 312
Sarah Swailes                                  +44 (0)20 7662 6700

Analysts

David Elliot                                   +44 (0)20 7662 8048

Notes to editors:

* Aviva provides 34 million customers with insurance, savings and
  investment products.

* We are the UK's largest insurer and one of Europe's leading
  providers of life and general insurance.

* We combine strong life insurance, general insurance and asset
  management businesses under one powerful brand.

* We are committed to serving our customers well in order to build
  a stronger, sustainable business, which makes a positive
  contribution to society, and for which our people are proud
  to work.

* The Aviva media centre at  www.aviva.com/mediaincludes  images,
  company and product information and a news release archive

* For broadcast-standard video, please visit
   http://www.aviva.com/media/video/ .

* Follow us on twitter:  www.twitter.com/avivaplc 

________________________________

(1)Total cash proceeds converted to sterling at an exchange rate of
EUR1/GBP0.81 represent GBP495m

                    This information is provided by RNS

          The company news service from the London Stock Exchange

END

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