(CSN.L) Chesnara PLC Buy/Sell

3 November 2009

Chesnara plc
("Chesnara" or "the Company")
Appointment of Joint Corporate Broker

Chesnara is pleased to announce the appointment, with immediate effect, of Collins Stewart Europe Limited as joint corporate broker to the Company alongside Panmure Gordon (UK) Limited. Hawkpoint Partners Limited remains the Company's financial adviser.

For further information please contact:

Chesnara plc
Graham Kettleborough, Chief Executive +44 (0) 1772 840001

Joint Broker - Collins Stewart
Adrian Hadden / Tom Hulme +44 (0) 20 7523 8350

Joint Broker - Panmure Gordon
Hugh Morgan +44 (0) 20 7459 3600

Financial Adviser - Hawkpoint
Hugh Elwes +44 (0) 20 7665 4687

Notes to editors:

Chesnara plc, which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ("CA") and Moderna Försäkringar Liv AB ("Moderna"). CA is a life assurance subsidiary that is substantially closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance ("CWA") - for £47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Moderna was acquired on 23 July 2009 for £20m. The company continues to attract new business and grow the strong position it has achieved in the Swedish unit-linked market since its launch in 2002.

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