The proposed manager of the WFUM pools scheme of arrangement, PRO Insurance Solutions, has issued scheme documentation and announced that the creditor voting meetings will take place on 27 October 2006.

WFUM pools scheme represents business administered or underwritten by Sovereign.

A single meeting of scheme creditors will be held for Sovereign and each of its two solvent subsidiaries, Sovereign Insurance (UK) and Greyfriars Insurance Company.