Rights Issue Approved

Legal & General Group PLC
26 September 2002

26 September 2002

Legal & General Group Plc

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO
UNITED STATES, CANADA, FRANCE, NEW ZEALAND, SOUTH AFRICA OR SWITZERLAND.


                     Rights Issue Approved By Shareholders

The Board of Legal & General Group Plc ('the Company' or 'Legal & General')
announces that at the Extraordinary General Meeting of the Company held earlier
today the resolution to increase the authorised share capital of the Company,
and to authorise the Directors to allot relevant securities (as set out in the
Notice of Extraordinary General Meeting dated 10 September 2002) was duly
passed. More than 99 per cent. of proxy votes received by the registrars were in
favour of the resolution.

The resolution was proposed in connection with the 13 for 50 Rights Issue
announced by the Company on 10 September 2002 (the 'Rights Issue'). Today,
provisional allotment letters in respect of entitlements to new Legal & General
shares to be issued pursuant to the Rights Issue will be posted to qualifying
shareholders (other than certain overseas holders) who hold their Legal &
General shares in certificated form. It is expected that nil paid rights will be
credited to the stock accounts of qualifying CREST shareholders (other than
certain overseas holders) with effect from 8.00 a.m on 27 September 2002.

It is expected that admission of the new Legal & General shares to the Official
List of the UK Listing Authority, nil paid, will become effective and that
dealings on the London Stock Exchange in the new Legal & General shares, nil
paid, will commence at 8.00 a.m on 27 September 2002.

The latest time and date for acceptance and payment in full for new Legal &
General shares pursuant to the Rights Issue is 9.30 a.m on 22 October 2002.

Commenting, Rob Margetts, Chairman of Legal & General, said:

'We're delighted by the support from our shareholders and by the response more
generally to our rights issue. The way is now clear for Legal & General to
realise the opportunity we see in today's markets.'

ENQUIRIES:

Legal & General Group Plc

Peter Horsman, Head of Investor Relations 020 7528 6362
John Morgan, Head of Public Relations 020 7528 6213

UBS Warburg

Hew Glyn-Davies, UK Investment Banking 020 7568 1000
Martyn Dodgson, UK Investment Banking 020 7568 1000

Dresdner Kleinwort Wasserstein

Edward Cumming-Bruce, Investment Banking 020 7623 8000
Mark Smith, Investment Banking 020 7623 8000



These materials are not an offer for sale of the nil paid rights, fully paid
rights or new Legal & General shares ('the Securities') in the United States of
America. The Securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, or under any relevant securities laws of any
state of the United States of America and may not be offered, sold, taken up,
renounced or delivered, subject to certain limited exemptions, within the United
States of America. The Securities will not qualify for distribution under any of
the relevant securities laws of the Excluded Territories. Accordingly, subject
to certain exceptions, the Securities may not be offered, sold, delivered,
renounced or transferred, directly or indirectly, in or into the Excluded
Territories. There is no public offer of the Securities in the United States of
America.

Each of UBS Warburg and Dresdner Kleinwort Wasserstein is acting exclusively for
Legal & General Group Plc and no-one else in connection with the Rights Issue
and will not be responsible to anyone other than Legal & General Group Plc for
providing the protections afforded to clients of UBS Warburg and Dresdner
Kleinwort Wasserstein or for providing advice in relation to the Rights Issue or
any matters referred to herein.

The address of UBS AG, acting through its business group UBS Warburg and UBS
Warburg Ltd. (together 'UBS Warburg') is 1 Finsbury Avenue, London EC2M 2PP. The
address of Dresdner Kleinwort Wasserstein Limited ('Dresdner Kleinwort
Wasserstein') is 20 Fenchurch Street, London EC3P 3DB.

END


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