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This document is dated February 3, 2010. It may not be accurate after such date and LNC does not undertake to update or keep it accurate after such date.

Eric Levy Joins Lincoln Financial Group as Head of Defined Contribution Products

PHILADELPHIA, February 3, 2010 — Lincoln Financial Group today announced that Eric Levy has joined the company as Head of Defined Contribution Products, Retirement Solutions. In this role, Levy is responsible for leading an experienced and dedicated product team, who manage Lincoln's Defined Contribution suite of products and solutions.

"Talent is a critical component for success and we are very focused on establishing a strong team that reinforces our commitment to growth in the defined contribution business," said Charles C. Cornelio, President, Defined Contribution. "Eric will partner across the Defined Contribution business to build innovative strategies, services and solutions that help people secure their financial futures."

Levy joins Lincoln with more than 20 years of industry experience and reports to Rob Grubka, Head of Product for Retirement Solutions. "With Eric's wealth of industry experience, successful track record and leadership, we are well-positioned to provide retirement solutions that help plan sponsors and their employees plan for the years ahead," said Grubka.

Levy comes to Lincoln from Mercer where he most recently served as a Worldwide Partner and Defined Contribution Business Leader for Mercer's Outsourcing business. In this role, he was responsible for successfully driving Mercer's strategy, business development and product development for Defined Contribution, Defined Benefit and Individual Retirement rollover and brokerage businesses. He is credited with leading the effort to rebuild Mercer's market presence and sales in the Defined Contribution market over the last three years. Levy's previous experience includes leading change, creating new products, and building new businesses in large organizations including, Mercer, Putnam Investments, Allmerica Financial and Fidelity Investments.

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 $137 billion as of September 30, 2009. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; and comprehensive financial planning and advisory services. 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:
Daniela Palmieri
484 583-2986
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.