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Statement re : Posting of Circular to Shareholders

30th Nov 2010 17:06

CHESNARA plc (the "Company")

30 November 2010

Circular posted to Shareholders

Further to the announcement made by the Company on 26 November 2010 concerning the Acquisition (as defined below) the Company has today posted a circular to its shareholders convening a General Meeting of the Company to be held on 16 December at 11.00 a.m. at the offices of Panmure Gordon (UK) Limited, 155 Moorgate, London EC2M 6XB (the "General Meeting").

An ordinary resolution will be proposed at the General Meeting to approve the acquisition of the entire issued share capital of Save & Prosper Insurance Limited (the "Acquisition").

A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do. In addition, a copy of the circular will shortly be available on the Company's website, www.chesnara.co.uk, or can be inspected at the Company's registered office at Harbour House, Portway, Preston, Lancashire PR2 2PR.

For further information please contact:

Chesnara plc: +44 (0)7799 407519

Graham Kettleborough, Chief Executive Officer

CubittConsulting: +44 (0)20 7367 5106Michael Henman

vendor

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Chesnara
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