Director Shareholding

CGNU PLC
5 January 2001

CGNU Share Trust

The CGNU Share Trust will make a number of acquisitions throughout the year to
satisfy awards made under the Company's executive share plans. Because certain
directors of the Company are participants in those plans they are deemed to have
a beneficial interest in the total number of shares held by the Trust.
Transactions by the Trust are therefore notifiable.

Accordingly, following the exercise of an award by a participant, the following
shares were sold by the Trust:

Bargain Date       Co Notified        No.of Shares Sold       New Total Held 
28/12/00             04/01/01             73,364
28/12/00             04/01/01              6,110
03/01/01             04/01/01              7,211
03/01/01             04/01/01              3,444
03/01/01             04/01/01             18,072
04/01/01             04/01/01             21,101                2,377,345

Queries:

Andy Hodges
Manager - Share Schemes/Share Registration
Tel: [phone]