Mapfre Middlesea plc - Acquisition of Shares in Middlesea Valletta Life Assurance Co Ltd

On 15 December 2006 Middlesea Valletta Life Assurance Co. Limited issued 2 million shares on a pro rata basis to existing shareholders. Middlesea Insurance plc subscribed for 1 million shares leaving its shareholding in Middlesea Valletta Life Assurance Co. Ltd unchanged at 50%.

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