Director Shareholding

CGNU PLC
11 December 2000

The CGNU Share Trust will make a number of acquisitions throughout the year to
satisfy awards made under the Company's executive share plans. Because certain
directors of the Company are participants in those plans they are deemed to have
a beneficial interest in the total number of shares held by the Trust.
Transactions by the Trust are therefore notifiable.

Accordingly, the Trustee has made the following acquisitions:-

Bargain Date      Co Notified    No. of shares acquired    New Total held

7/12/00            11/12/00              30,000
8/12/00            11/12/00              40,000            2,372,428

In addition, following the exercise of an award by a participant, the following
shares were sold by the Trust:-

Bargain Date      Co Notified    No. of shares sold      New Total held

8/12/00             11/12/00             27,209            2,345,219

Queries:

Andy Hodges
Manager - Share Schemes/Share Registration

Tel:  [phone]