Statement re : Posting of Circular to Shareholders

CHESNARA plc (the "Company")

30 November 2010

Circular posted to Shareholders

Further to the announcement made by the Company on 26 November 2010 concerning
the Acquisition (as defined below) the Company has today posted a circular to
its shareholders convening a General Meeting of the Company to be held on 16
December at 11.00 a.m. at the offices of Panmure Gordon (UK) Limited, 155
Moorgate, London EC2M 6XB (the "General Meeting").

An ordinary resolution will be proposed at the General Meeting to approve the
acquisition of the entire issued share capital of Save & Prosper Insurance
Limited (the "Acquisition").

A copy of the circular has been submitted to the National Storage Mechanism and
will shortly be available for inspection at: www.Hemscott.com/nsm.do. In
addition, a copy of the circular will shortly be available on the Company's
website, www.chesnara.co.uk, or can be inspected at the Company's registered
office at Harbour House, Portway, Preston, Lancashire PR2 2PR.

For further information please contact:

Chesnara plc:                        [phone]

Graham Kettleborough, Chief Executive Officer

 

CubittConsulting:                 [phone]

Michael Henman