The Hartford Financial Services Group, Inc. Announces Increase Of Consent Fee And Extension Of Expiration Time For Its Consent Solicitation For The Holders Of Its 6.1% Notes Due 2041

The Hartford (NYSE: HIG) announced today that, following discussions with certain holders of its 6.1% senior notes due 2041 (the “Notes”), it has amended its pending solicitation of consents (the “Consent Solicitation”) from holders of the Notes to increase the consent fee from $10.00 to $17.50 per $1,000 principal amount of Notes (the “Consent Fee”) for which consents are validly delivered (and not validly revoked) and to extend the expiration time from 5 p.m., New York City time, on April 11, 2012 to noon, New York City time, on April 13, 2012, unless earlier terminated or further extended by The Hartford in its sole discretion (the “Expiration Time”). If The Hartford accepts valid consents of holders of at least a majority in aggregate principal amount of the Notes (the “Requisite Consents”), holders who validly deliver their consent by the Expiration Time will be eligible to receive the Consent Fee.

The purpose of the Consent Solicitation is to terminate the replacement capital covenant entered into by The Hartford dated as of October 17, 2008 in connection with the issuance by The Hartford of $1,750,000,000 aggregate principal amount of 10% fixed-to-floating rate junior subordinated debentures due 2068. The proposed termination of the replacement capital covenant requires, among other conditions, the consent of the holders of Notes representing at least a majority in aggregate principal amount.

For a complete statement of the terms and conditions of the Consent Solicitation, holders of the Notes should refer to the Consent Solicitation Statement, dated April 2, 2012, and the accompanying letter of consent (together, the “Solicitation Documents”) (in each case, as amended or supplemented, including as amended by this press release). Holders who have previously delivered consents need not take any further action in order to receive the increased Consent Fee if the Consent Solicitation is successful.

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