Ecclesiastical Insurance Office PLC 11 July 2005 For immediate release 11 July 2005 Ecclesiastical Insurance Office plc Notice of Meeting 10 per cent. Redeemable Second Cumulative Preference Shares EIO will today post notices to holders of its £3,000,000 10 per cent. Redeemable Second Cumulative Preference Shares ("Second Prefs") of a class meeting of holders to be held at 19/21 Billiter Street, London EC3M 2RY at 11.00 a.m. on 28 July 2005. The purpose of the meeting is to consider an Extraordinary Resolution, proposed by EIO, to redesignate the Second Prefs into, principally, new 8.625 per cent. Non-Cumulative Irredeemable Preference Shares ("Irredeemables"). £60,250,000 of Irredeemables are already in issue. Under the proposal, £9 nominal of Irredeemables would be issued for every £10 nominal of Second Prefs, as more fully described in a circular which is being posted to holders of Second Prefs today. The Second Prefs are redeemable at EIO's option at a price of 102.5 until the end of 2007, and at 100 thereafter, until their mandatory redemption date in 2012. The Company has, through JPMorgan Cazenove, consulted some of the larger holders of Second Prefs and the holders of approximately 52% of the Second Prefs have indicated their intention to vote in favour of the Extraordinary Resolution. Enquiries: George Prescott, Ecclesiastical Insurance Office plc, 07802 263038 John Nickson, Ecclesiastical Insurance Office plc, 01452 334949 Francis Burkitt, JPMorgan Cazenove, 020 7155 4924 ENDS This information is provided by RNS The company news service from the London Stock Exchange