Statement re Legacy Review

Chesnara plc

("Chesnara" or "the Company")

Legacy Review

We note today's FCA announcement relating to the launch of an investigation into whether disclosure of paid up and early transfer charges to the customers of Countrywide Assured and other providers was adequate to enable those customers to make informed decisions.

We will of course co-operate fully with the FCA in its investigation. We also note that no conclusion has yet been reached as to whether there have been any breaches of regulatory requirements.