London, United Kingdom, Dec. 7, 2004 (PRIMEZONE) -- The Equitable Life Assurance Society ("the Society") today announced, in connection with its 4 November 2004 invitation to holders of the Bonds to submit offers to sell Bonds to the Society for cash (the "Invitation"), that it is extending the Invitation to the effect that the Invitation will now expire at 3:00 pm London time on 8 December 2004. Except for this change of the expiration date of the Invitation to 8 December 2004, the terms and conditions of the Invitation remain unchanged. As at 3:00 pm London time on 6 December 2004 approximately GBP300,000 principal amount of Bonds had been tendered at a price of GBP800 per GBP1,000 principal amount of Bonds. Pursuant to the Invitation offers of tendered Bonds may be withdrawn at any time prior to the expiration time on 8 December 2004.
This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell any Bonds.
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