Appointment of Joint Corporate Broker

3 November 2009

                                 Chesnara plc                                  

                         ("Chesnara" or "the Company")                         

                     Appointment of Joint Corporate Broker                     

Chesnara is pleased to announce the appointment, with immediate effect, of
Collins Stewart Europe Limited as joint corporate broker to the Company
alongside Panmure Gordon (UK) Limited. Hawkpoint Partners Limited remains the
Company's financial adviser.

For further information please contact:

Chesnara plc                                                                   
                                                                               
Graham Kettleborough, Chief Executive   [phone]                    
                                                                               
Joint Broker - Collins Stewart                                                 
                                                                               
Adrian Hadden / Tom Hulme               [phone]                   
                                                                               
Joint Broker - Panmure Gordon                                                  
                                                                               
Hugh Morgan                             [phone]                   
                                                                               
Financial Adviser - Hawkpoint                                                  
                                                                               
Hugh Elwes                              [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 Moderna Försäkringar Liv AB
("Moderna"). CA is a 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 £47.8m. With effect from
30 June 2006, CWA's policies and assets were transferred into CA plc. Moderna
was acquired on 23 July 2009 for £20m. The company continues to attract new
business and grow the strong position it has achieved in the Swedish
unit-linked market since its launch in 2002.