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Countrywide Assured (CWA)

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Wednesday 28 April, 2004

Countrywide Assured

Results of Meetings

Countrywide Assured Group PLC
28 April 2004


Not for release or distribution in or into the United States, Canada, Australia
or Japan

PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

28 April 2004


COUNTRYWIDE ASSURED GROUP PLC ('COUNTRYWIDE')


SHAREHOLDERS APPROVE DEMERGER AND RETURN OF CAPITAL, RESULTS OF ANNUAL GENERAL
MEETING ('AGM')


At the AGM held earlier today, the holders of Ordinary Shares approved all the
resolutions proposed.

The Court Meeting and Extraordinary General Meeting of Countrywide, held earlier
today to approve the Proposals, have both concluded successfully.

At the Court Meeting, which followed immediately after the conclusion of the
AGM, the holders of Ordinary Shares approved the Scheme of Arrangement.

At the Extraordinary General Meeting, which followed immediately after the
conclusion of the Court Meeting, the resolutions approving the Demerger and
matters to give effect to the Scheme of Arrangement, and adopting the
Countrywide plc and Chesnara plc Share Plans and the management performance
incentive plan of Chesnara plc, were passed.

The Court is expected to consider and, if thought appropriate, approve the
Scheme of Arrangement at a hearing on 18 May 2004, confirm the reduction of
capital of Countrywide at a hearing on 20 May 2004 and confirm the Reduction of
Capital at a hearing on 24 May 2004.

The Chairman reiterated, as set out in the listing particulars of Countrywide
plc dated 18 March 2004, that the current outlook for the residential estate
agency and professional property services businesses (together representing the
Non-life Business of the Company) appears to be excellent.

It is still expected that trading will commence in the shares of Countrywide plc
and Chesnara plc on 25 May 2004.

Unless otherwise defined, expressions used in this document shall have the
meaning ascribed to them in the listing particulars of Countrywide plc dated 18
March 2004.

Enquiries:
Countrywide                        Tel: 01376 533 700
Harry Hill
Michael Nower

This announcement does not constitute an offer or invitation to purchase
securities.

This announcement, for which the directors of Countrywide are responsible, has
been issued by Countrywide and has been approved solely for the purposes of
Section 21 of the Financial Services and Markets Act 2000 by Hawkpoint Partners
Limited.

Hawkpoint Partners Limited, which is regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Countrywide Assured
Group plc and as sponsor for Countrywide plc and Chesnara plc, and for no one
else in connection with the Proposals and will not be responsible to any other
person for providing the protections afforded to its customers or for providing
advice in relation to the Proposals or the contents of this document.





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