Director Shareholding

CGNU PLC
10 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, the Trustee has made the following acquisition:

Bargain Date       Co Notified       No. of shares acquired      New total held

05/01/01           09/01/01          55,000                      2,432,345

In addition, 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

08/01/01           09/01/01          13,953                      2,418,392


Queries:

Andy Hodges
Manager - Share Schemes/Share Registration

Tel: [phone]