Result of GM

Result of General Meeting

Chesnara plc

16 December 2010

                                 Chesnara plc                                  

                    Acquisition of the Save & Prosper Group                    

                   ANNOUNCEMENT OF RESULT OF GENERAL MEETING                   

Following the publication on 30 November 2010 of a ``Class 1'' circular dated
29 November 2010 for the purposes of Chapter 10 of the Listing Rules in
connection with the acquisition of the entire issued share capital of Save &
Prosper Insurance Limited and its wholly owned subsidiary Save & Prosper
Pensions Limited (together the Save & Prosper Group), from JPMorgan Asset
Management Marketing Limited, for a total consideration of £63.5 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 General Meeting ("GM") held earlier today.

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

Details of the proxy voting in respect of the resolution was

For      65,683,098 votes 99.99%

Against       1,193 votes 00.01%

Abstain     293,797 votes

Completion of the Acquisition is expected to take place on 20 December 2010.


For further enquiries, please contact:

Chesnara plc
Graham Kettleborough, CEO
Tel: [phone]

Press
Michael Henman, Cubitt Consulting
Tel: [phone]


Notes to editors:

Chesnara plc, which listed on the London Stock Exchange in May 2004, is the
owner of Countrywide Assured plc ("CA") and Movestic Livförsäkring AB
("Movestic) (formerly Moderna Försäkringar Liv AB). CA is a UK life assurance
subsidiary that is substantially closed to new business. In June 2005 Chesnara
acquired a further closed life insurance company - City of Westminster
Assurance ("CWA") - for GBP47.8m. With effect from 30 June 2006, CWA's policies
and assets were transferred into CA. Movestic, a life assurance company which
focuses on pensions and savings, was acquired on 23 July 2009 for GBP20m. The
company, which was launched in 2002, continues to write new business and grow
its strong position in the Swedish unit-linked market. Movestic's market
presence was increased through the acquisition of a controlling stake in
AkademikerRÃ¥dgivning I Sverige AB, an IFA, in late 2009 and the purchase of the
policyholders, personnel, intellectual property and systems of Aspis
Försäkrings Liv AB, a life and health insurer, in February 2010.

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.