CGNU Plc- NU Poland

CGNU PLC
29 November 2000


SAMPO HAS BOUGHT NORWICH UNION'S PENSIONS AND LIFE
BUSINESSES IN POLAND

Further to the announcement of 20 September 2000, CGNU plc ('CGNU') 
is pleased to announce that the sale of 100% of the equity in each 
of PTE Norwich Union S.A. ('PTE NU') and Norwich Union Towarzystwo 
Ubezpieczen na Zycie S.A. ('NU Life') to Sampo Insurance Company plc
('Sampo'), Finland's largest insurance group, has been concluded today.

Sampo has paid Euro 177.7 million (£107 million) for PTE NU and 
Euro 47.5 million (£29 million) for NU Life.


Enquiries:

Analysts/Investors:
Peter Foster, Group Finance Director         Tel:  [phone]

Media:
Hayley Stimpson, External Affairs Director   Tel:  [phone]
Alex Child-Villiers, Financial Dynamics      Tel:  [phone]


Notes to Editors

*  CGNU plc is the UK's largest insurance group and the world's sixth  
   largest insurer based on gross worldwide premiums.  The group was 
   created from the merger of CGU and Norwich Union on 30 May 2000.

*  £1 = Euro 1.66 as at 28 November 2000.