CGNU sells Sabre Insurance

CGNU PLC
2 November 2001

                                                              2 November 2001


CGNU sells Sabre Insurance

CGNU plc (CGNU) has agreed the sale of Sabre Insurance Company Limited
(Sabre), its specialist non-comprehensive UK motor insurer, to BDML (Holdings)
Limited.  The net asset value of Sabre as at 31 December 2000 was £18 million.

The transaction is subject to regulatory approval.


Enquiries:

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

Media
Hayley Stimpson, Director of External Affairs     Tel: [phone]

Alex Child-Villiers, Financial Dynamics           Tel: [phone]


Notes to editors:

*  CGNU is the world's seventh-largest insurance group and the largest 
   insurer in the UK. It has worldwide premium and investment sales from 
   ongoing business of £27 billion, and more than £200 billion in assets 
   under management at 30 June 2001.

*  The most recent financial reports are available on the Group's website, 
   www.cgnu-group.com

*  CGNU's insurance businesses in the UK operate under the Norwich Union 
   brand where it is the leading general insurer with a market share of 
   approximately 19% and ongoing net written premiums of £4,937 million in 
   the 12 months to 31 December 2000.

*  BDML (Holdings) Limited is an insurance services company with its principal
   office in Portsmouth and employs in excess of 300 staff.