Conseco Shareholders Elect 10 Directors and Ratify Independent Registered Public Accounting Firm

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PRNewswire-FirstCall

CARMEL, Ind.

(NYSE:CNO)

CARMEL, Ind., May 22 /PRNewswire-FirstCall/ -- Shareholders of Conseco, Inc. (NYSE: CNO) at the company's annual meeting today:

  -- Expanded the company's board to 10 members by re-electing eight current
     directors and electing two new directors to serve terms expiring at
     next year's annual meeting; and
  -- Ratified the appointment of PricewaterhouseCoopers LLP as the company's
     independent registered public accounting firm for 2007.

  The newly re-elected directors are:
  -- R. Glenn Hilliard, 64, Conseco's chairman; former chairman, chief
     executive officer and member of the executive committee for ING
     Americas; and a director since September 2003.
  -- C. James Prieur, 56, Conseco's chief executive officer; and a director
     since September 2006.
  -- Debra J. Perry, 56, former senior managing director of Moody's
     Investors Service; and a director since June 2004.
  -- Philip R. Roberts, 65, retired; former principal of Roberts Ventures
     LLC (consultant for investment management firms); former chief
     investment officer of trust business for Mellon Financial Corporation;
     and a director since September 2003.
  -- Neal C. Schneider, 62, former partner of Smart and Associates, LLP
     (business advisory and accounting firm) and independent consultant;
     former partner in charge of the Worldwide Insurance Industry Practice
     and the North American Financial Service Practice at Arthur Andersen &
     Co.; and a director since September 2003.
  -- Michael S. Shannon, 48, managing director of KSL Capital Partners, a
     private equity firm specializing in travel and leisure enterprises;
     former director of ING Americas; and a director since September 2003.
  -- Michael T. Tokarz, 57, chairman of investment company MVC Capital,
     Inc.; managing member of Tokarz Group (venture capital investments);
     former general partner with Kohlberg Kravis Roberts & Co.; and a
     director since September 2003.
  -- John G. Turner, 67, chairman of Hillcrest Capital Partners (private
     equity investment firm); former vice chairman and member of the
     executive committee for ING Americas; former chairman and CEO of
     ReliaStar Financial Corp.; and a director since September 2003.

  The newly elected directors are:
  -- Donna A. James, 49, president and managing director of Lardon &
     Associates; and a former executive with Nationwide Mutual Insurance
     Company and its public company subsidiary, Nationwide Financial
     Services, Inc.
  -- Doreen A. Wright, 50, senior vice president and chief information
     officer of Campbell Soup Company; and a former executive with Nabisco,
     Inc., Prudential Insurance Company and Bankers Trust Company.

Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures. For more information, visit Conseco's web site at http://www.conseco.com/.

SOURCE: Conseco, Inc.

CONTACT: Media, Tony Zehnder, Corporate Communications, +1-312-396-7086,
or Investors, Daniel Murphy, Investor Relations, +1-317-817-2893, both of
Conseco, Inc.

Web site: http://www.conseco.com/

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