Composite Legal Expenses announces that Groupama Insurances is to be its new risk carrier
for Before-The-Event legal expenses insurance distributed through insurance brokers and
specialist affinity groups.

John Mullin, Managing Director, Composite, says:

“After our existing carrier, NIG Special Risks Division, announced cessation of their legal
expenses portfolio it was imperative to identify a quality underwriter with the appetite and
capacity for our portfolio of Before-The-Event legal expenses insurance. I am delighted that
Groupama will be our new underwriting partner”.

Amanda Blanc, Distribution and Customer Service Director at Groupama Insurances
comments:

“We were impressed by Composite's penetration of our target SME market, its spread of
business and its access to the broking and affinity group sectors. Before-The-Event legal
expenses insurance presents an interesting niche opportunity for Groupama and this scheme
offers the potential for a level of profitability and growth that makes it a very attractive
proposition. Composite Legal has specialist skills in the development and claims handling areas
of this business and these fit well with the underwriting skills that we have at Groupama. We
are looking forward to forming a valuable business partnership with John Mullin and his team.”

Tim Smyth, MD of Monument UK Ltd adds:

“As one of the leading facility brokers in the market, Monument is delighted to work closely
with both Composite and Groupama. We have put together an innovative placement that
recognises Groupama's underwriting expertise and Composite's distribution ability in the
Before-The-Event legal expenses market”.

The new arrangement starts at the end of March 2004.

For further information please contact:

John Mullin, Managing Director, Composite Legal Expenses
0871 423 5240 or john@composite-legal.com
www.composite-legal.com

Nigel Dyer, Intelligent Marketing Partnership
01798 81 5687 or intelligentmktg@aol.com

Tim Smyth, Managing Director, Monument UK Ltd
020 7335 7300 or tsmyth@monumentinsurance.co.uk
www.primarygroup.co.uk

Jamie Marchant, Marketing and Communications Director, Groupama Insurances
020 7264 7586 or jamie.marchant@groupama.co.uk

Alternatively, Alison Reeson, Director, HSL
0208 977 9132 or alison@harrisonsadler.com