Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 14, 2017, the board of directors of Fidelity & Guaranty Life (the “Company”) appointed Mr. Andrew McKnight as a Class II director of the Company. As a Class II director, Mr. McKnight’s term will continue until the Company’s 2019 Annual Shareholder Meeting. Mr. McKnight has also been named to each of the Compensation Committee and Nominating and Corporate Governance Committee of the Company’s board of directors.

Mr. McKnight has been a Partner and Managing Director at Fortress Investment Group LLC (“Fortress”) since 2005. Mr. McKnight serves on the investment committee for the Credit Funds and co-heads the Management Committee of Fortress. Mr. McKnight also currently serves on Board of Directors of HRG Group, Inc. (“HRG”), the Company’s parent company, and Ligado Networks. Mr. McKnight was formerly a Managing Director at Fir Tree Partners. Prior to joining Fir Tree Partners, Mr. McKnight was in the Leveraged Finance group at Goldman, Sachs & Co.

On the same day, Mr. Joseph Steinberg was appointed as Chairman of each of the Company’s Compensation Committee and Nominating and Corporate Governance Committee. Mr. Steinberg has served as a director of the Company since February 2015.

About FIDELITY & GUARANTY LIFE (NYSE:FGL)

Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. FGL’s principal products are deferred annuities (including fixed indexed annuity (FIA) contracts), immediate annuities and life insurance products. FGL markets products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (FGL Insurance) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). It distributes and services primarily fixed rate annuities, including FIAs. The Company provides FIA’s for pre-retirement wealth accumulation and post-retirement income management. Its life insurance provides wealth protection and transfer opportunities through indexed universal life products.

FIDELITY & GUARANTY LIFE (NYSE:FGL) Recent Trading Information

FIDELITY & GUARANTY LIFE (NYSE:FGL) closed its last trading session 00.00 at 27.50 with 316,348 shares trading hands.