Director Shareholding

CGNU PLC
11 May 2001


The executive directors of CGNU plc have increased their interests in the
ordinary share capital of the Company following the award of shares on 4 May
2001 under the CGNU Long Term Incentive Plan and the CGNU Deferred Bonus Plan
which were approved by shareholders on 24 April 2001.

The details of the awards are shown below.


CGNU Long Term Incentive Plan

Name                   Date of Grant    Price     Award of Shares

M N Biggs              04.05.01         960p      43,229
R J Harvey             04.05.01         960p      69,270
P G Scott              04.05.01         960p      38,541
P J Snowball           04.05.01         960p      36,458
P J Twyman             04.05.01         960p      41,666
A B Wyand              04.05.01         960p      45,000


CGNU Deferred Bonus Plan

Name                   Date of Grant    Price     Bonus Plan    Matching 
                                                  Shares         Award

M N Biggs              04.05.01         960p      14,746        14,746
R J Harvey             04.05.01         960p      25,265        25,265
P G Scott              04.05.01         960p      17,729        17,729
P J Snowball           04.05.01         960p       8,444         8,444
P J Twyman             04.05.01         960p      10,833        10,833
A B Wyand              04.05.01         960p      10,350        10,350