RNS Number:5859K
Norwich Union PLC
15 May 2000

                          CGU/NORWICH UNION


                   Merger of CGU and Norwich Union
                                  
                                  

The Court hearing to sanction the Scheme of Arrangement ("Scheme")
for the merger of CGU plc ("CGU") and Norwich Union plc ("Norwich
Union") is due to take place on 22 May 2000.

Under the terms of the Merger, CGU Shareholders will retain their
shares in CGU (to be renamed CGNU) and Norwich Union Shareholders
will receive:

          for every 100 Norwich Union Shares 48 New CGNU Shares

and so in proportion for any other number of Norwich Union Shares.

Subject to receipt of final regulatory approvals and to the Court
sanctioning the Scheme, the timetable for the completion of the
merger is expected to be as follows:

Friday 26 May     -  Last day of dealings in Norwich Union
2000                  ordinary shares
                  
                  -  Scheme Record Time (6.00 p.m.)
                  
Tuesday 30 May    -  The Scheme becomes effective and
2000                  Norwich Union ordinary shares
                      cancelled (Norwich Union delisted)
                  
                  -  Issue of the new CGNU ordinary shares
                      to former Norwich Union shareholders,
                      listing thereof and start of dealings
                      therein
                  
                  -  CREST accounts credited with new CGNU
                      ordinary shares
                  
                  -  CGU changes its name to CGNU
                  
                  
On or before      -  CGNU share certificates posted to
Friday 9 June         former Norwich Union shareholders
2000


Pending despatch of new CGNU share certificates to former Norwich
Union Shareholders, transfers will be certified against the CGNU
share register.

Existing CGU share certificates will remain valid following the
company's change of name to CGNU.

Analyst contact:
Rebecca Burrows on 01603 680117

Media contact:
James Duffell on 01603 680874




END

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