The Hartford, together with Hartford Life, Inc., as provided in the Offer to Purchase dated March 7, 2013 (the “Offer to Purchase”), announced today the acceptance of Notes and early settlement of its previously announced cash tender offers for senior debt in an aggregate principal amount of $800 million. Settlement occurred on March 26, 2013. “We are pleased to have successfully completed the tender offers, which were executed on favorable terms,” said The Hartford's Executive Vice President and Chief Financial Officer Christopher J. Swift. The tender offers are part of the debt reduction component of The Hartford’s previously announced capital management plan. The cash consideration for the tender offers totals approximately $1 billion, including the premium associated with the extinguishment of the debt for which the company expects to take a charge to net income of approximately $200 million, before tax, in the first quarter of 2013. As previously announced, The Hartford intends, as part of its overall capital management plan, to issue, subject to market conditions and other factors, new long-term senior debt securities in an amount equal to all or a portion of the $350 million aggregate principal amount purchased in the Waterfall Tender Offer. However, any such offering of debt securities is expected to occur early in the second quarter of 2013, after the expiration of the Offers. The Offer to Purchase is not conditioned on any issuance of debt securities. The Offer to Purchase does not constitute an offer to sell or solicitation of an offer to purchase with respect to any debt securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Offers are described in the Offer to Purchase and the related Letter of Transmittal dated March 7, 2013 (together, the “Offer Documents”), previously sent to holders of the Notes.