IPO Company Profile
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Scottish Annuity & Life Holdings, Ltd.
Ugland House, 113 South Church Street, George Town, Cayman Islands * 3459492800

The company was formed to provide customized variable life insurance products to high net worth individuals and families who are or may become U.S. taxpayers and to provide reinsurance of fixed annuities and similar insurance products.

Primary Underwriting Group
ManagerTierPhone
Prudential Securities IncorporatedLead Manager (212) 778-5420

Offering Information
NASNTL:SCTLF Financial: SIC 6311
Type of Shares:Ordinary Shares Filing Date:6/19/98
U.S. Shares:16,750,000 Offer Date:11/23/98
Non-U.S. Shares:0 Filing Price:$15.00
Primary Shares:16,750,000 Offer Price:$15.00
Secondary Shares:0 Gross Spread:$0.90
Offering Amount: $251,250,000 Selling:$0.54
Expenses: - Reallowance:$0.10
Post-IPO Shares:18,250,000

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Jones, Day, Reavis & Pogue
Bank's Law Firm: Cleary, Gottlieb, Steen & Hamilton
Auditor: Ernst & Young

Use of Proceeds
The proceeds from the proposed offering will be contributed to the net capital of Scottish Life to support its insurance and reinsurance activities.

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