Directorate Change

Chesnara plc

30 December 2008

Directorate Changes

Chesnara plc announces today the retirement with effect from 31 December 2008
of Christopher Sporborg, chairman of Chesnara plc.

With effect from 1 January 2009, Peter Mason, currently Senior Independent
Director, will become Chairman of Chesnara plc and chair the Nomination
Committee. Michael Gordon will become Senior Independent Director and chair the
Remuneration Committee.

Also from 1 January 2009, Peter Wright, currently a Director of Countrywide
Assured plc, Chesnara's main subsidiary, will become a non-executive Director
of Chesnara plc. He will also chair the Audit Committee. Peter retired as a
principal of Towers Perrin on 1 January 2008 and is a former Vice President of
the Institute of Actuaries.

Petrer Wright holds 20,000 Ordinary 5p shares in Chesnara plc, representing
0.02% of the shares in issue

There is no other information to be disclosed under the requirements of listing
Rule 9.6.13 in relation to the appointment of Peter Wright.

The Board wish to acknowledge the significant contribution that Christopher has
made to Chesnara plc and wish him well for the future.

Ends

For further information please contact:

Graham Kettleborough

Chief Executive, Chesnara plc 07799 407519

Michael Henman

Cubitt Consulting 0207 367 5100

About Chesnara plc

Chesnara plc, which listed on the London Stock Exchange in May 2004, is the
owner of Countrywide Assured plc ('CA'). CA is a life assurance subsidiary that
is substantially closed to new business. In June 2005 Chesnara acquired City of
Westminster Assurance ('CWA') for £47.8m. With effect from 30 June 2006, CWA's
policies and assets were transferred into CA plc. Chesnara's operating model is
to maintain a relatively small governance team and outsource the majority of
its back office functions. Chesnara continues to seek acquisition opportunities
in the financial services sector.