RNS No 3452d
UNITED CARRIERS GROUP PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

UNITED CARRIERS GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CANADA LIFE GROUP

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

NOT NOTIFIED

5)  Number of shares/amount of stock acquired.

1,188,525

6)  (3.51 %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORD 5P SHARES

10) Date of transaction

NOT NOTIFIED

11) Date company informed

31-3-98

12) Total holding following this notification

1,188,525

13) Total percentage holding of issued class following this notification

3.51%

14) Any additional information

THE NOTIFICATION WAS MADE BY THE SHAREHOLDER FOLLOWING A TRANSFER OF ASSETS IN
CONNECTION WITH THE ACQUISITION OF ALBANY LIFE ASSURANCE COMPANY

15) Name of contact and telephone number for queries

JACKIE NIZAN
01933 440400
EXT 335

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification..31/3/98...............


END


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