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Cash Tender Offer To Acquire AFP Provida S.A. Commenced By A Subsidiary Of MetLife, Inc.

MetLife, Inc. (NYSE:MET) announced today that MetLife Chile Acquisition Co. S.A. (“Purchaser”), a wholly-owned subsidiary of MetLife, Inc., has commenced a tender offer (the “U.S. Offer”) for all of the issued and outstanding common shares of AFP Provida S.A. (“Provida”) that are held by U.S. holders, and all of the outstanding American Depositary Shares, each representing fifteen common shares of Provida, from all holders, wherever located. Purchaser is offering to pay U.S. $6.1476 per common share and U.S. $92.2140 per ADS, in each case, in cash, without interest, payable in U.S. Dollars or Chilean Pesos, at the election of tendering holders.

Simultaneously with the U.S. Offer, Purchaser is making an offer in Chile to purchase all of the outstanding common shares of Provida from all holders of common shares, wherever located, for the same price and on substantially the same terms as the common shares of Provida offered to be purchased in the U.S. Offer.

Unless the U.S. Offer is extended, the U.S. Offer and withdrawal rights will expire at 11:59 p.m., New York City time, on September 27, 2013.

Provida is the largest private pension fund administrator in Chile, both by assets under management and number of contributors. As previously announced, Banco Bilbao Vizcaya Argentaria S.A. has agreed to transfer its 64.3% stake in Provida to MetLife pursuant to the Transaction Agreement, dated as of February 1, 2013. Upon consummation of the transactions contemplated in the Transaction Agreement, MetLife will own at least a 64.3% stake in Provida.

The complete terms and conditions of the U.S. Offer are set forth in the U.S. Offer to Purchase, the related Common Share Acceptance Letter and ADS Letter of Transmittal and other related materials, which MetLife and Purchaser have filed today with the U.S. Securities and Exchange Commission. Copies of the U.S. Offer to Purchase, the related Common Share Acceptance Letter and ADS Letter of Transmittal and other related materials are available free of charge from D.F. King & Co., Inc., the information agent for the U.S. Offer, at (800) 290-6427 (toll free) or provida@dfking.com.

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

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