LMC Capital LLC advised the North Carolina Department of Insurance on the following transaction

FOR IMMEDIATE RELEASE
Source: LFG.com

Lincoln Financial Group Clears Last Major Regulatory Hurdle for Jefferson-Pilot Merger

PHILADELPHIA, March 27, 2006 — Lincoln National Corporation (NYSE: LNC), the parent company of the Lincoln Financial Group of companies, today announced that, having receivedapproval from the North Carolina Department of Insurance, the company has cleared the last major regulatory hurdle for its merger with Jefferson-Pilot Corporation. Lincoln Financial Group confirmed Monday, April 3 as the anticipated closing date of the merger. The company also confirmed that the parties do not intend to extend the election deadline of Tuesday, March 28 at 5 PM EST. Lincoln Financial anticipates that the merger consideration of cash or LNC shares will be distributed within 10 business days of closing.

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. With headquarters in Philadelphia, Lincoln Financial Group has consolidated assets of $125 billion as of December 31, 2005, and had annual consolidated revenues of $5.5 billion in 2005. Through its wealth accumulation, retirement income and wealth protection businesses, the company provides annuities, life insurance, 401(k) and 403(b) plans, savings plans, mutual funds, managed accounts, institutional investment, and comprehensive financial planning and advisory services.

For more information please visit www.lfg.com (http://www.lfg.com/).

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