Aviva 2004 results IFRS basis

Aviva PLC
01 July 2005

Aviva Plc

Aviva announces early release of its full year 2004 results restated for the
effects of International Financial Reporting Standards (IFRS) 1 July 2005

Aviva plc ('Aviva') announces that it will release its full year 2004 results
restated for the effect of International Financial Reporting Standards (IFRS) on
Tuesday 5 July at 7:00 am (BST).

Aviva has continued to make good progress in the implementation of IFRS across
its businesses and, in line with good market practice, is now in a position to
release its full year 2004 IFRS result, in advance of its half year results on
11 August. Aviva will also give further details of the discretionary change it 
has chosen to make to its long term investment return calculation.

Next Tuesday's announcement will reconfirm Aviva's belief that:

•   IFRS is a technical accounting change to the way Aviva reports and presents
    its consolidated Modified Statutory Solvency Basis ('MSSB') results; there 
    is no underlying change to the economics of Aviva's business.

•   IFRS will not impact Aviva's dividend policy.

•   IFRS in itself will have no significant impact on Aviva's solvency 
    calculations, which are the subject of separate regulation.

•   The directors consider that embedded value continues to be the best measure
    of added value for long term insurance business.

Aviva will hold conference calls on 5 July as follows:

•   Newswires call will be held at 7:45am (BST); and
•   Analysts' call at 9:30am (BST).

Enquiries:
Analysts/Investors:

Andrew Moss, group finance director                     [phone]
Nic Nicandrou, group financial control director         [phone]
                                                   
Media:  
Sue Winston, head of group media relations              [phone]
Dominick Peasley, Financial Dynamics                    [phone]

Notes to Editors

Aviva is the world's fifth-largest insurance group based on gross worldwide
premiums and one of the leading providers of life and pensions to Europe with
substantial positions in other markets around the world. Aviva's principal
business activities are long-term savings, fund management and general
insurance, with worldwide premium income and retail investment sales from
continuing operations of £33 billion for the year ended 31 December 2004 and
assets under management of £273 billion at 31 December 2004.

The Aviva media centre at www.aviva.com/media includes images, company and
product information and a news release archive.

Aviva plc is a company registered in England No. 2468686. Registered office St
Helen's 1 Undershaft London EC3P 3DQ





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