PDF version of this press release - Royal and Sun Alliance

10. ACTION TO BE TAKEN BY YOU
It is important that you complete and sign the enclosed Form of Proxy in accordance with the
instructions printed thereon and return it to the Company’s Registrars so as to be received as soon as
possible and, in any event, not later than 9.30 a.m. (UK time) on Monday, 30 October 2006.
The completion and return of the Form of Proxy will not preclude you from attending the meeting and
voting in person, if you so wish.
Qualifying CREST Shareholders who are CREST sponsored members should refer to their CREST
sponsors regarding the action to be taken in connection with this document.
11. RECOMMENDATION
Your Board, having been so advised by each of JPMorgan Cazenove and Merrill Lynch
International, considers that the terms of the Disposal are fair and reasonable as far as
Shareholders as a whole are concerned. In providing this financial advice to the Board, each of
JPMorgan Cazenove and Merrill Lynch International have taken account of the Board’s
commercial assessment of the Disposal.
The Board believes that the Disposal is in the best interests of Shareholders as a whole. The Board
accordingly unanimously recommends Shareholders to vote in favour of the resolution to be
proposed at the Extraordinary General Meeting.
Yours faithfully,
John Napier
Chairman
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