Gresham Completion of Sale

Legal & General Group PLC
01 April 2005



1 April 2005



                           Gresham Insurance Company
                               Completion of sale

On 3 February 2005, Legal & General Group Plc (the Group) announced that it had
agreed in principle to sell its 90% stake in Gresham Insurance Company Ltd to
Barclays Bank PLC, which already owned the remaining 10% stake.

The transaction has been completed and the exceptional profit arising from the
sale will be reflected in the Group's 2005 Interim Results.



Enquiries to:

Investors:
Peter Horsman, Head of Investor Relations                    020 7528 6362


Media:
John Morgan, Media Relations Director                        020 7528 6213




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