Result of EGM

20 July 2009

                                 Chesnara plc                                  

                  Acquisition of Moderna Försäkringar Liv Ab                   

            ANNOUNCEMENT OF RESULT OF EXTRAORDINARY GENERAL MEETING            

Following the publication on 3 July 2009 of a "Class 1" circular for the
purposes of Chapter 10 of the Listing Rules in connection with the acquisition of
the entire issued share capital of Moderna Försäkringar Liv AB, from Moderna
Finance AB, for a total consideration of SEK250 million (the "Acquisition"),
Chesnara plc ("Chesnara") announces that the resolution proposed in connection
with the approval of the Acquisition was passed by Chesnara's shareholders at
the Extraordinary General Meeting ("EGM") held earlier today.

The resolution proposed at the EGM was carried on a show of hands.

Details of the proxy voting in respect of the resolution is detailed below.

  Resolution    Votes For    % For   Votes Against    % Against  Votes Withheld
                                                                               
           1   45,759,338    99.69         144,205         0.31         292,042

Completion of the Acquisition is expected to take place on 23 July 2009.

For further enquiries, please contact:

Chesnara plc

Graham Kettleborough, CEO
Tel: [phone]

Press

Michael Henman, Cubitt Consulting
Tel: [phone]

Notes to editors:

Chesnara, which listed on the London Stock Exchange in May 2004, is the
owner of Countrywide Assured plc ("CA"). CA is a life assurance subsidiary that
is substantially closed to new business. In June 2005 Chesnara acquired City of
Westminster Assurance ("CWA") for GBP47.8m. With effect from 30 June 2006,
CWA's policies and assets were transferred into CA plc. Chesnara's operating
model is to maintain a relatively small governance team. Chesnara continues to
seek acquisition opportunities in the financial services sector in areas
related to its core life operations.

This announcement does not constitute, or form part of, an offer to sell, or
the solicitation of an offer to subscribe for or buy any securities, nor the
solicitation of any vote or approval in any jurisdiction.