CGNU - Société Générale and UniCredito Italiano shares

21 December, 2001

The previously announced sale of 2% of Société Générale shares held by CGNU to the Foundations of UniCredito Italiano, and the purchase of 2% of UniCredito Italiano shares from the Foundations, which had been agreed in principle between the parties, has been delayed pending clarification of fiscal and legal issues involving the Foundations.

Enquiries

Analysts/Investors:
James Matthews, Head of Investor Relations
+44 (0)20 7662 2137

Media:
Ian Frater, Head of External Affairs
+44 (0)20 7662 8221

Stuart Blackmore, Financial Dynamics
+44 (0)20 7269 7241

Notes to editors
At 30 November 2001, CGNU held 6.7% of Société Générale shares and 1.5% of UniCredito Italiano shares.

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