CGNU Sells RSGB

CGNU PLC
26 April 2002



CGNU sells Royal Saint Georges Banque

CGNU plc (CGNU) announces that CGU France has agreed the sale of Royal Saint 
Georges Banque to Abbey National France.  The sale price is approximately 
Euros 26 million in cash.

The transaction is subject to regulatory approval.



Enquiries:

Analysts
James Matthews, Head of Investor Relations    Tel: [phone]

Media
Ian Frater, Head of Group Media Relations     Tel: [phone]

Stuart Blackmore, Financial Dynamics          Tel: [phone]



Notes to editors:

* CGNU is the UK's largest insurance group, one of the top-five insurers 
  in Europe and has substantial positions in other markets around the world. 
  CGNU is the world's seventh-largest insurer based on gross worldwide 
  premiums.

* CGNU's principal business activities are long-term savings, fund management 
  and general insurance, with worldwide premium income and retail investment 
  sales from ongoing business of more than £28 billion, and over £200 billion 
  of assets under management at 31 December 2001.



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