Company Website: http://www.thehartford.com
HARTFORD, Conn. -- (Business Wire)

The Hartford (NYSE: HIG) announced today the expiration at 12:00 noon, New York City time, (the “Expiration Time”) of its solicitation of consents (the “Consent Solicitation”) from holders of its 6.1% senior notes due 2041 (the “Notes”) to terminate the replacement capital covenant entered into by The Hartford dated as of October 17, 2008 in connection with the issuance by The Hartford of $1,750,000,000 aggregate principal amount of 10% fixed-to-floating rate junior subordinated debentures due 2068 (the “Debentures”).

The Hartford has accepted all consents validly delivered by the Expiration Time. All holders who validly delivered their consent by the Expiration Time will receive a consent fee of $17.50 in cash per $1,000 in principal amount of the Notes as to which such consent was validly delivered. The Hartford intends to pay the Consent Fee to eligible holders on Monday, April 16, 2012.

The Hartford received and accepted consents from holders of at least a majority (the “Requisite Consent”) of the aggregate principal amount of all outstanding Notes. In accordance with the terms of the Consent Solicitation and the replacement capital covenant, the termination of the replacement capital covenant was effective upon acceptance by The Hartford of the Requisite Consent. With the termination of the replacement capital covenant, The Hartford expects its previously announced repurchase of the Debentures to close on April 17, 2012.

Inquiries may be addressed to the Information and Tabulation Agent for the Consent Solicitation, Global Bondholder Services Corporation, at (866) 540-1500.

Citigroup Global Markets Inc. and Goldman, Sachs & Co. are the Solicitation Agents for the Consent Solicitation. Questions regarding the Consent Solicitation may be directed to Citigroup Global Markets Inc. at (800) 558-3745 and to Goldman, Sachs & Co. at (800) 828-3182.

THIS NEWS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE A SOLICITATION OF CONSENTS.

About The Hartford

The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service, its sustainability efforts and as one of the world's most ethical companies.

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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2011 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

Contacts:

The Hartford Financial Services Group Inc.
Media Contacts:
Shannon Lapierre, 860-547-5624
shannon.lapierre@thehartford.com
or
Dave Snowden, 860-547-3397
david.snowden@thehartford.com
or
Investor Contacts:
Sabra Purtill, 860-547-8691
sabra.purtill@thehartford.com
or
Ryan Greenier, 860-547-8844
ryan.greenier@thehartford.com

Source: The Hartford Financial Services Group Inc.