Additional Recoveries

In our November 2017 letter to all members we said that we had recovered a total of £662m to add to Plan funds. We are pleased to tell you that this has now increased to a total of £1,016m as a result of a further distribution in December from the Administrators. We expect to receive about £200m over the course of 2018 and into 2019 so we are on target for a total recovery greater than £1,200m as we said in our letter. If you did not get this letter, please contact us to check we have your current address details since we will be writing to you again early in 2018 with important information about your Nortel pension.