ANNOUNCEMENT BY FARRER & CO. AND MISHCON DE REYA ON BEHALF OF TRH THE PRINCE AND PRINCESS OF WALES

TRH The Prince and Princess of Wales have concluded settlement terms for their divorce. The negotiations, which were amicable, were greatly assisted both by the fairness of HRH The Prince of Wales's proposals and by HRH The Princess of Wales's ready acceptance of them.

TRH will continue to share equal responsibility in the upbringing of their children.

While the financial terms of the settlement remain confidential to the parties, they recognise that the nature of HRH The Princess of Wales's future role is of legitimate public interest, and an agreed statement on that role is being released by Buckingham Palace.

It is anticipated that the decree nisi will be pronounced on 15 July and the decree absolute on 28 August.

12th July, 1996.

THE FOLLOWING ANNOUNCEMENT IS ISSUED BY THE PRESS SECRETARY TO THE QUEEN

STATUS AND ROLE OF THE PRINCESS OF WALES

The Princess of Wales, as the mother of Prince William, will be regarded by The Queen and The Prince of Wales as being a member of the Royal Family.

It has been agreed that her style and title will be Diana, Princess of Wales. She may retain any orders, insignia and other titles, consistent with her being known as Diana, Princess of Wales.

As she will be regarded as a member of the Royal Family, The Princess will from time to time receive invitations to State and national public occasions, as for any other member of the Royal Family, at the invitation of The Sovereign or the Government. On these occasions The Princess will be accorded the precedence she enjoys at present.

Being regarded as a member of the Royal Family, The Princess will continue to live at Kensington Palace with The Queen's agreement. Kensington Palace will in this way continue to provide a central and secure home for The Princess and the children.

The Princess's public role will essentially be for her to decide. However, as for any other member of the Royal Family, any representational duty, whether Royal or national, at home or abroad, will only be undertaken at the request of The Sovereign, acting where necessary on the advice of Ministers. As for any other member of the Royal Family, any visits by The Princess overseas (other than private holidays) will be undertaken in consultation with the Foreign and Commonwealth Office and with the permission of The Sovereign.

The Princess has asked The Queen if she may relinquish all her service appointments and The Queen has agreed.

The Princess will continue to have access to 32 (The Royal) Squadron and to the State Apartments at St. James's Palace for entertaining on the same basis as all other members of the Royal Family, namely with the permission of The Sovereign.

The Princess will maintain a private office in Kensington Palace, the size of which will depend on the nature and extent of the public role she undertakes.

As for any other member of the Royal Family, any activity of The Princess which involves the use of public funds will be undertaken only with the permission of The Sovereign acting where necessary on the advice of Ministers.

BUCKINGHAM PALACE PRESS OFFICE