Delisting of Shares

United Overseas Group PLC
27 September 2001

              United Overseas Group Plc ('UOG' or the 'Company')

                             Delisting of Shares


On 5 July 2001, the Company announced that it would apply for cancellation,
respectively, of the trading of its shares on the London Stock Exchange and
the listing of its shares on the Official List, to take effect on 28 September
2001.

The Company advises that shareholders wishing to trade in UOG shares after 28
September 2001 should contact the Company at the address set out below:

Chris Harwin

United Overseas Group plc

United House
Shrewsbury Avenue
Woodston

Peterborough PE2 7BZ

Tel:      [phone]

Fax:     [phone]