Regulatory Matters

Legal & General Group PLC
21 November 2003

                                                    Stock Exchange/Press Release

                                                                21 November 2003


                           Legal & General Group Plc

                               Regulatory Matters


The Board of Legal & General Group Plc ('Legal & General') announces that Legal
& General Assurance Society Limited has today referred to the Financial Services
& Markets Tribunal a Decision Notice issued by the FSA in relation to the sale
of a small proportion of its mortgage-related assurance policies issued between
1997 and 1999.

Legal & General, after careful consideration and on legal advice, disagrees with
both the decision reached by the FSA and the process by which it was reached.
Accordingly, Legal & General has taken the first opportunity allowed by the
FSA's process to have the matter heard independently.

Legal & General is committed to the fair treatment of all its customers. The FSA
is satisfied that Legal & General is taking the appropriate steps to ensure that
relevant policy holders are receiving all the information that they need to make
a complaint if they believe they have the grounds for doing so.

Reserves set up at 30 June 2003 are believed to be sufficient to meet any proper
claims.

Under the Financial Services & Markets Act 2000, the terms of the Decision
Notice remain confidential and may not be published. Neither the FSA nor Legal &
General will make any further statement on this matter until it comes before the
Tribunal.


Enquiries to:

Media:

John Morgan, Head of Public Relations                020 7528 6213
Anthony Carlisle, Citigate Dewe Rogerson             07973 611888

Investors:

Peter Horsman, Head of Investor Relations            020 7528 6362


Notes to Editors

The Financial Services and Market Tribunal was set up under the Financial
Services and Markets Act 2000.


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