Fidelity & Guaranty Life Prices Initial Public Offering

DES MOINES, Iowa, Dec. 12, 2013 /PRNewswire/ -- Fidelity & Guaranty Life (the "Company") announced today that it has priced an initial public offering of 9,750,000 shares of common stock at a price to the public of $17 per share.  The shares are expected to begin trading on the New York Stock Exchange on December 13, 2013 under the ticker symbol "FGL".  The Company has granted the underwriters a 30-day option to purchase from the Company up to an additional 1,462,500 shares of common stock.

Credit Suisse, J.P. Morgan and Jefferies are serving as lead joint book-running managers and as representatives of the underwriters for the offering.  Macquarie Capital and RBC Capital Markets are acting as book-running managers.  Nomura, Sandler O'Neill + Partners, L.P., Sterne Agee, Cantor Fitzgerald & Co. and Dowling & Partners Securities LLC are acting as co-managers for the offering.

Copies of the final prospectus, when available, relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, (800) 221-1037, email: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; (866) 803-9204; or Jefferies LLC, Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, (877) 547-6340, email: [email protected].

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.



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