Nationwide Mutual Extends Offer Deadline For Allied Deal

Nationwide Mutual Insurance Company is extending its cash tender offer to buy all outstanding shares of common stock of Allied Group, Inc. until 5pm, New York City time, on Wednesday, September 30, 1998. The offer, at a price of $48.25 per share, is being extended to allow additional time for the completion of the approval process by state regulators.

The offer became effective on Tuesday, May 19, 1998, and was scheduled to expire at 5 p.m., New York City time, on Monday, August 31, 1998

As of the close of business on Thursday, August 27, 1998, approximately 8,697,195 shares of common stock of Allied Group, Inc. had been tendered to Nationwide under the terms of the offer.