Result of Scrip Dividend & Application for ...

Amlin Plc
                  

AMLIN PLC ('Amlin')

RESULT OF SCRIP DIVIDEND ALTERNATIVE OFFER AND APPLICATION FOR LISTING

Following the approval of the relevant resolution at the Annual General Meeting
earlier today, the scrip dividend alternative offer to Amlin's final dividend of
1.65p per share, made in a circular to shareholders dated 31 March 2004, is now
unconditional.

The Scrip Dividend Alternative was accepted in respect of 54,906,869 shares
which, at the reference price of 163.58p per share, will entitle the holders to
the issue of a total of 553,703 new ordinary shares of 25p each fully paid,
ranking, when issued, pari passu in all respects with Amlin's existing shares.

Application will be made to the UK Listing Authority and the London Stock
Exchange for these additional shares to be admitted to the Official List and to
trading. It is expected that such listing will become effective and that
dealings in the additional shares will commence on 25 May 2004.

Following the issue of the Scrip Dividend Alternative shares, the issued share
capital of Amlin will be 392,446,218 ordinary shares of 25p each.

19 May 2004

Enquiries:

Charles Pender 020 7746 1000
Secretary
Amlin plc