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This document is dated June 11, 2009. It may not be accurate after such date and LNC does not undertake to update or keep it accurate after such date.

Lincoln Financial Group Names Thomas P. O'Neill Chief Operating Officer of Lincoln Financial Distributors

PHILADELPHIA, June 11, 2009 — Lincoln Financial Distributors, the intermediary distribution company of Lincoln Financial Group (NYSE:LNC), today announced that Thomas P. O'Neill has been named Chief Operating Officer, effective immediately. In this role, O'Neill will lead the development and implementation of key initiatives that improve the client experience and maximize business growth with an emphasis on strengthening collaborative relationships. He will work closely with partners and clients across Insurance Solutions, Retirement Solutions, Lincoln Financial Network and Delaware Investments divisions. In addition, he will also serve as a member of the Lincoln Financial Distributors Executive Committee. O'Neill reports to Will Fuller, President and Chief Executive Officer of Lincoln Financial Distributors.

"Tom is a proven leader with a successful 25-year track record in setting strategic direction, enhancing client relationships and building businesses in our key markets." said Will Fuller. "The challenging economic environment presents an unprecedented opportunity to meet the evolving needs of clients for retirement solutions, protection and asset management. Tom's wealth of experience and operating style will accelerate our efforts to deliver value to our clients every day."

O'Neill has more than 25 years of experience in the financial services industry, most recently serving as the President of AEGON Financial Services Group, Inc., Financial Institution Division, where he was chiefly responsible for leveraging AEGON's broad-based investment expertise with large financial institutions, developing and strengthening distribution relationships with key institutional partners. O'Neill attended Seton Hall University in New Jersey, and today, O'Neill serves on the board of The National Aquarium in Baltimore, serves as Co-Chairman of the Board of The Robert Packard Center for ALS Research at Johns Hopkins University, and is actively involved in fundraising efforts for the Cal Ripken Senior Foundation and the American Ireland Fund, New York.

About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $171 billion as of March 31, 2009. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance;
401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries; and Lincoln UK. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.



For more information:

Media Contact:
Nicole Boscia
484 583-1388
E-mail: MediaRelations@LFG.com

Ayele Ajavon
215 255-1632
E-mail: MediaRelations@LFG.com

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Hello future.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance
company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN,
and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products
distributed by broker/dealer-affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities
and investment advisory services offered through other affiliates. Explore Lincoln.