Statement Re Societe Generale

CGU PLC
29 July 1999


Not for release, publication or distribution in or into the United States of
                                  America,
                         Canada, Japan or Australia
                                      
                                   CGU plc
                                      
               Further announcement regarding Societe Generale

CGU is making the following announcement at the request of the Commission des
Operations de Bourse.

CGU announces that no definitive decision has been taken as to the price or
amount of shares in Societe Generale which CGU may wish to purchase.  Any
decision to purchase shares will depend upon market conditions (volumes
available and share price levels).  CGU wishes to clarify that any possible
Societe Generale share purchases will not increase its shareholding in
Societe Generale (including shares already held) beyond 10 per cent.  At the
time of this announcement, no shares in Societe Generale had been purchased
by CGU.

In the event that CGU decides to purchase shares, it will comply with
regulation 89.03 (article 22) of the Commission des Operations de Bourse in
relation to the disclosure of trading during an offer period.

The contents of this document, for which CGU is responsible, have been
approved by J. Henry Schroder & Co. Limited, a member of The Securities and
Futures Authority Limited, for the purposes of section 57 of the Financial
Services Act 1986

J. Henry Schroder & Co. Limited ('Schroders'), which is regulated in the
United Kingdom by the Securities and Futures Authority Limited, is acting
exclusively for CGU plc and no one else in relation to this press
announcement and will not be responsible to anyone other than CGU plc for
providing the protections afforded to customers of Schroders