Great West Health Insurance

Closing of acquisition of Great-West Healthcare by CIGNA

Costs of the transaction include $1.5 billion in US dollars in the form of liquid funds to Great-West Life & Annuity Insurance Company and $400 million in incremental equity that will be held by CIGNA's affiliates to assist the acquiree's operations. Great-West Healthcare, based in Denver Subway, Colorado, is now part of one of the nation's premier healthcare providers, Central Health Services (CIGNA).

It comprises 1.9 million insured life contracts, of which approximately 1.4 million are members of the healthcare sector in their employers' sector, which is in line with CIGNA's expectation. As part of the deal, Great-West Healthcare's employees, the entire health and group insurance offering and the support IT infra-structure will be acquired. The Great-West Healthcare business provides a wide variety of health insurance related goods and solutions, offering a variety of financing alternatives, as well as consumer-oriented healthcare solutions.

It is expected that synergy effects related to the management of healthcare expenses, the exploitation of operational cost synergy and member growth will be realized over the years. The CIGNA Corporation and its affiliates form one of the United States' biggest private health and welfare organisations. The CIGNA ( NYSE: CI) program provides employer advantages, knowledge and service that enhance the health, well-being and safety of their people.

CIGNA' operative affiliates, which serve approximately 47 million individuals in the U.S. and around the globe, provide a complete range of health, dentistry, behavioral, pharmaceutical, visual impairment and group lifetime, personal injury and invalidity insurance services. While CIGNA and its agents may from time-to-time make forward-looking statement in writing or orally, forward-looking statement, whether express or implied, whether in the form of news release, CIGNA's Securities and Exchange Commission filings, shareholder reporting, or discussions with stock market and investor analysts, CIGNA does not undertake any obligation to update any forward-looking statement.

Such forward-looking information may contain information about our company's financials, condition, trends as well as other risks and uncertainties. Therefore, we caution you not to place undue reliance on such forward-looking information. Such forward-looking information is predicated on management's estimates and projections and on information available to senior executives at the date the forward-looking information is made. Such forward-looking information includes, among other things, information about possible or anticipated prospective corporate strategy, funding schedules, competitive positions, potential sources of revenue and earnings enhancement, risks and disclosure, CIGNA' s strategy, development and production strategy, risks and rewards, risks and rewards, risks and rewards, potential sources of revenue, risks and rewards, risks and rewards, potential sources of revenue, risks and rewards, risks and rewards, potential sources of revenue, risks and rewards, CIGNA' s strategy, funding programs, competition, potential sources of revenue, anticipated earnings increases, anticipated earnings, revenue and earnings, and, in particular, CIGNA' s ability to achieve and maintain profitability, CIGNA' s ability to successfully manage its businesses, its ability to successfully manage its risks and rewards, its ability to successfully complete its strategy, its ability to successfully complete its business strategy, its ability to successfully complete its projects, its ability to successfully complete its projects and its ability to complete its projects.

Forward looking forward-looking information includes all matters that are not statements of historical fact and can be identified by the use of forward-looking words such as "believe", "expect", "plan", "intend", "expect", "estimate", "estimate", "predict", "potential", "may", "should" or similar wording. Do not place too much emphasis on these forward-looking statements. You should not rely too much on these forward-looking statements. Your forward-looking statement is not intended to be a substitute for these forward-looking statements. Your statements are subject to risks and uncertainties. A number of forward-looking statement risks and uncertainties are among the most important that could cause our results to differ from those expressed or implied in such statements:

1. higher than expected when it comes to setting health insurance premiums for CIGNA, which includes higher utilization and cost of health insurance coverage; 2. higher health insurance, administration, technological or other expenses resulting from new legal and regulatory mandates placed on CIGNA's pension plans; 3. challenging and risky the implementation of operating improvements and health strategy measures, as well as those associated with the implementation of the CIGNA Group's health insurance plans; 4. higher health insurance and other plans that are not yet in place; 4. higher health insurance and other plans that are not in place; 4. higher health insurance and other plans that are not in place; 4. higher health insurance and other plans that are not in place; 4. higher health insurance and other plans that are not in place; 4. higher health insurance and other plans that are not in place; 4. higher health insurance and other plans that are not in place; 4. higher health insurance and other plans that are not in place:

i) providing commodities that address the needs of developing countries, ii) enhancing the efficiency of insurance writing and reimbursement, iii) enhancing the health economics and outcomes of health insurance coverage, iv) providing high-quality services to members and providers using efficient technological approaches and v) reducing administration expenses; 4. 5. increased competitive pressures, including in particular competitive pressure on prices, which could diminish our sales margin and limit the expansion of CIGNA's operations, particularly in the health sector; 6. the risk that the Company will be unable to maintain its competitive advantage in the future due to the increased risk of a significant loss of revenue from the sale of our shares in CIGNA, which is expected to result in a significant increase in the value of our shares in CIGNA's operations; 6. the risk that the Company will be unable to maintain its position in the future due to the increased risk of a significant loss of revenue in the future; 6. the risk that the Company will be unable to maintain its ability to continue as a going concern in the future due to the economic crisis; and

downgrading of the rating of CIGNA' s insurance subsidiaries' performance which could, inter alia, have an adverse effect on new operations and the maintenance of ongoing operations; 9. restrictions on the capacity of CIGNA' s insurance companies to distribute equity to the ultimate parent due to downgrading of subsidiaries' rating of performance, changes in legal reserves or regulatory needs or other monetary restrictions; 10.

Inadequacy of the programme adopted by CIGNA to significantly mitigate the stock exchange exposure of re-insurance treaties that provide guarantees of minimal fatalities under certain floating annuities conditions (including possible problems in the markets in concluding appropriate forward transactions and in adjusting these transactions to the exposure of the stock price ); 11. adjustment of reserves assumed (including maturity, repurchase of part, morbidity, interest rate and volatility) used in the estimation of CIGNA's re-insurance treaty liability to cover guarantees of minimal fatalities under certain floating annuities conditions; and

13. significant decreases in the equity markets that could lead, among other things, to higher retirement costs of the CIGNA retirement benefit plans in prospective years and the recording of incremental retirement benefit commitments; 14. adverse employee benefit insurance events and ongoing casualty positions, loss events, loss events, including those related to disability, entitlements, in the current year, and changes in the fair value of the Company's net investment in the Company's mutual insurance plans; and

16. changes in government and Federal government regulations, which could have an impact on government and legal order, which could include proposed health related legislations and regulations, which could raise costs and adversely impact the markets for CIGNA's health related goods and provision; and changes in personal income taxes, which could have an impact on the assessment of employers' contributions and pensions, which could raise pensions costs; 17. changes in the government's internal revenue structure, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue, which could have an impact on the level of government revenue; and

possible pandemics in the field of health and bioterrorism activities, which could, inter alia, lead to a significant increase in CIGNA's assumed cost of health care and disabled people, drugstore cost and death rate experiences, leading to disruptions of operations according to the seriousness of the incident and the number of people affected; 18. issues and threats related to the success of CIGNA' s outsourced project or core provider operations, comprising the IBM arrangement for the delivery of technological infrastructures and related service; 21. the need to ensure that CIGNA's business is profitable and to ensure that the company's business is profitable; 23. the need to ensure that the company's business activities are conducted in a manner that is consistent with the company's objectives and objectives; 23. the need to ensure that the company's business activities are conducted in a manner that is consistent with the company's strategy and that is consistent with the company's objectives.

CIGNA' s capability to deliver on its expansion ambitions by successfully utilizing its skills and those of the company taken over by Great-West to further strengthen the network accessibility capability of the Combined Organisation, the efficiency of our approach to insurance writing, the provision of high value member and ISP services and the enhanced immersion of our member bases with diverse products.

Others in CIGNA' s most recent annual report on Form 10-K, which includes the "Risk Factors" section, management's cautions regarding its presentation and analysis of its financial position and results of operations, and other filings with the Securities and Exchange Commission, contain both a detailed explanation of these matters and risks and uncertainties that could prevent CIGNA from making such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements.

Unless otherwise prescribed by applicable laws, CIGNA assumes no liability to publicly revise any forward-looking statement, whether as a consequence of new information, future event or otherwise.