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

The Hartford (NYSE: HIG) announced today the expiration at 12:00 noon, New York City time, (the “Expiration Time”) of its solicitation of consents (the “Consent Solicitation”) from holders of its 6.1% senior notes due 2041 (the “Notes”) 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 “Debentures”).

The Hartford has accepted all consents validly delivered by the Expiration Time. All holders who validly delivered their consent by the Expiration Time will receive a consent fee of $17.50 in cash per $1,000 in principal amount of the Notes as to which such consent was validly delivered. The Hartford intends to pay the Consent Fee to eligible holders on Monday, April 16, 2012.

The Hartford received and accepted consents from holders of at least a majority (the “Requisite Consent”) of the aggregate principal amount of all outstanding Notes. In accordance with the terms of the Consent Solicitation and the replacement capital covenant, the termination of the replacement capital covenant was effective upon acceptance by The Hartford of the Requisite Consent. With the termination of the replacement capital covenant, The Hartford expects its previously announced repurchase of the Debentures to close on April 17, 2012.

Inquiries may be addressed to the Information and Tabulation Agent for the Consent Solicitation, Global Bondholder Services Corporation, at [phone].

Citigroup Global Markets Inc. and Goldman, Sachs & Co. are the Solicitation Agents for the Consent Solicitation. Questions regarding the Consent Solicitation may be directed to Citigroup Global Markets Inc. at [phone] and to Goldman, Sachs & Co. at [phone].

THIS NEWS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE A SOLICITATION OF CONSENTS.

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