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This document is dated March 16, 2011. It may not be accurate after such date and LNC does not undertake to update or keep it accurate after such date.
   
 

Lincoln Financial Appoints Mitchell S. Avnet as Head of Enterprise Compliance & Ethics and Peter P. Feeley as Head of Business Law and Compliance

Radnor, Pa., March 16, 2011 — Lincoln Financial Group (NYSE:LNC) today announced the appointment of Mitchell S. Avnet as Head of Enterprise Compliance & Ethics and Peter P. Feeley as Head of Business Law and Compliance. The appointments are effective as of March 14, 2011.

Avnet comes to Lincoln from PNC Financial Services Group, Inc. where he most recently served as Chief Compliance Officer — Broker Dealer and Asset Management Group Oversight Programs. Avnet is a career compliance risk management officer and brings approximately 18 years of relevant experience to his role. He holds a Bachelor of Science in Economics from the State University of New York at Oneonta.

As Head of Enterprise Compliance & Ethics, Avnet will work with the company's senior-most executives and be responsible for enterprise-wide compliance, ensuring that the company complies with all applicable federal and state laws and regulations.

Feeley joins Lincoln Financial from The Prudential Insurance Company of America, where he most recently served as Chief Operations Officer / VP, Compliance for Law, Compliance and Business Ethics Department. During his 21 years with Prudential, Feeley held positions of increasing responsibility and gained experience in many areas of the business. Prior to joining the insurance industry, he was an attorney in private practice. Feeley holds a Master of Science degree in Management from the New Jersey Institute of Technology, a Juris Doctor from Seton Hall University and a Bachelor of Arts degree in Political Science/Business Administration from Rutgers University.

In his new role as Head of Business Law and Compliance, Feeley oversees and coordinates the legal aspects of major strategic issues/initiatives across the lines of business and is a key member of the Lincoln legal team.

Lincoln Financial General Counsel Nicole S. Jones, to whom both positions report, commented, "I am delighted to have Pete and Mitch join the Lincoln team. Both bring to their roles impressive skills and deep experience, which truly complement an already strong team."

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.

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For more information:

Media Contacts:
Laurel O'Brien
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.



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