On July 29, 2008, Shareholders of Safeco Corporation (“SAF”) voted concerning the proposed
merger with a subsidiary of Liberty Mutual Insurance Company. The merger was approved and
subsequently consummated on September 22, 2008. As a result, each existing SAF Common Share will be
converted into the right to receive $68.25 net cash per share.
This action will be coordinated with the Options Clearing Corporation.
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