NU. Nufcor

RNS Number:2493L
Norwich Union PLC
26 May 2000

                         CGU/NORWICH UNION


 Merger of CGU plc ("CGU") and Norwich Union plc ("Norwich Union")

CGNU TO BE INCLUDED IN THE UK LIFE ASSURANCE SECTOR

The FT-SE Actuaries Committee have announced that from the
effective date of the scheme of arrangement of Norwich Union (the
"Effective Date"), which will be the first day of trading for CGNU
shares, CGNU will be listed in the FT-SE life assurance sector.
The Effective Date is expected to be Tuesday 30 May 2000.

Bob Scott, Group Chief Executive designate of CGNU commented:

"I am delighted that CGNU's emphasis on life business has been
recognised by our inclusion in the life sector.  Our focus is on
growing the long term savings business aggressively and
profitably.  CGNU will be one of the leading UK life businesses,
and uniquely among major financial services companies in the UK,
we already have a strong portfolio of businesses elsewhere in
Europe.

Considerable planning for the integration of our businesses has
already taken place and the integration process will begin
immediately."

CGNU will be:

*the UK's largest insurance group, with worldwide premium income
 and retail investment sales of #26 billion
*the second largest writer of new life and pensions business in
 the UK with a diversified approach to distribution incorporating
 IFAs, financial institutions, agents and direct
*a top five European life insurer, based on premium income, with
 leading positions in the UK, France, the Netherlands, Ireland
 and Poland, in addition to a strengthened presence in other
 European markets
*a significant asset management business with in excess of #200
 billion of assets under management and the second largest UK-
 based fund manager by reference to funds under management
*the largest provider of general insurance in the UK with a focus
 on personal lines and small commercial business
*a group with leading positions in a number of other general
 insurance markets
*a group committed to the development of innovative internet and
 e-commerce applications across its businesses.

Enquiries:

Analysts
Steve Riley, Director of Investor Relations, CGNU (designate)
+44 (0)20 7662 8115

Media
CGU:
Laura Frost, The Maitland Consultancy         +44 (0)20 7379 5151
Norwich Union:
Liz Nicholson                                 +44 (0)1603 688 263



NOTES TO EDITORS:

*On 21 February 2000, CGU and Norwich Union announced the
 proposed merger of the two groups to form CGNU plc.
 Shareholders approved the merger at the end of March.

*The pro-forma split of 1999 premium income and retail investment
 sales for CGNU was 56% life assurance and 44% general insurance.
 Following the intended disposal of CGU's US property and
 casualty operations, the pro-forma split would be 62% life and
 38% general.

*CGNU's corporate website - www.cgnu-group.com - will be launched
 on Tuesday, 30 May 2000.  All future corporate information will
 be posted to this site.  Initially it will contain historical
 information relating to both CGU and Norwich Union, including
 results announcements, corporate presentations and report and
 accounts.



END

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