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This document is dated February 23, 2011. It may not be accurate after such date and LNC does not undertake to update or keep it accurate after such date.

Kelley A. Grady Joins Lincoln Financial Group as Head of Enterprise Litigation

Radnor, Pa., February 23, 2011 — Lincoln Financial Group (NYSE:LNC) today announced that it has named Kelley A. Grady Vice President, Head of Enterprise Litigation effective immediately. Grady will oversee all aspects of Lincoln Financial's Litigation activities and report to Nicole S. Jones, Lincoln Financial Senior Vice President and General Counsel.

"Kelley brings extensive experience in all aspects of state and federal civil litigation in a variety of industries including insurance, financial, healthcare, pharmaceutical and manufacturing," said Jones. "Kelley's first-hand experience makes her a valuable addition to the Lincoln Financial team."

Grady comes to Lincoln Financial from Ballard Spahr LLP, where she spent the past six years as a Litigation Partner. Prior to Ballard Spahr, Grady was an associate and a partner in the litigation group at Reed Smith LLP. She holds a JD from the Duke University School of Law and a bachelor's degree in English Literature from La Salle University.

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 $157 billion as of December 31, 2010. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings 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 Contacts:
Ayele Ajavon
Media Relations
484 583-1632
E-mail: MediaRelations@LFG.com

Media Contacts:
Laurel O'Brien
Media Relations
484 583-1735
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.