Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Conseco, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the October 5, 2009 Lead Plaintiff Deadline

BALTIMORE, MD--(Marketwire - August 14, 2009) - Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the Southern District of New York on behalf of
purchasers of the common stock of Conseco, Inc. ("Conseco" or the
"Company") (NYSE: CNO) during the period between August 4, 2005 and March
17, 2008, inclusive (the "Class Period").

No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than October 5, 2009
and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/986-0036) to answer any questions you may have in that regard.

The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose during
the Class Period that the Company was reporting materially inaccurate
revenue figures that did not present the true operating performance of the
Company and that the Company's shareholders' equity was materially
overstated during the Class Period such that the defendants lacked a
reasonable basis for their positive statements during the class period
about the Company, its corporate governance practices, its prospects and
earnings growth. According to the complaint, on March 17, 2008, after the
Company revealed disclosed that it did not maintain effective controls over
the accounting and disclosure of insurance policy benefits and the
liabilities for insurance products and that it would therefore be restating
its financial results for the years ended December 31, 2004 and 2006, along
with affected Selected Consolidated Financial Data for 2003 and 2004, and
quarterly financial information for 2006 and the first three quarters of
2007, the value of Conseco's stock declined.

If you have suffered a net loss for all transactions in Conseco, Inc.
common stock during the Class Period, you may obtain additional information
about this lawsuit and your ability to become a lead plaintiff by
contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A
Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven
have combined experience litigating securities and class action cases of
over 40 years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be a
member of the class.