11 October 1999
Britannic plc ('Britannic')
Recent press speculation regarding a possible offer for United Assurance Group
plc ('United Assurance')
Britannic notes the recent press speculation relating to a possible offer for
Britannic and United Assurance operate in closely related fields and, as
might be expected, from time to time Britannic reviews whether or not a
combination with United Assurance would create additional shareholder value.
Britannic would only pursue an offer for United Assurance if it was satisfied
that it was in the interests of Britannic's own shareholders.
Paula Nadim Tel. 01564 828 888
Citigate Dewe Rogerson
Anthony Carlisle Tel. 0171 638 9571