Disclosure of Interest in Share Capital

Financial Services Authority


+-------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                    |
|-------------------------------------------------------------------|
|                                             |                     |
|---------------------------------------------+---------------------|
| 1. Identity of the issuer or the underlying |                     |
| issuer                                      |                     |
| of existing shares to which voting rights   |  Admiral Group Plc  |
| are                                         |                     |
| attached:                                   |                     |
|                                             |                     |
|-------------------------------------------------------------------|
| 2. Reason for the notification (please tick the appropriate box   |
| or boxes):                                                        |
|-------------------------------------------------------------------|
| An acquisition or disposal of voting rights           |    Yes    |
|-------------------------------------------------------+-----------|
|                                                       |           |
| An acquisition or disposal of qualifying financial    |           |
| instruments which may result in the acquisition of    |           |
| shares already issued to which voting rights are      |           |
| attached.                                             |           |
|                                                       |           |
|-------------------------------------------------------+-----------|
|                                                       |           |
| An acquisition or disposal of instruments with        |           |
| similar economic effect to qualifying financial       |           |
| instruments                                           |           |
|                                                       |           |
|-------------------------------------------------------+-----------|
| An event changing the breakdown of voting rights      |           |
|-------------------------------------------------------+-----------|
|                          |                            |           |
| Other (please specify):  |                            |           |
|                          |                            |           |
|-------------------------------------------------------------------|
| 3. Full name of person(s) subject  |  Legal & General Group Plc   |
| to the                             |            (L&G)             |
| notification obligation:           |                              |
|------------------------------------+------------------------------|
| 4. Full name of shareholder(s)     |             N/A              |
|  (if different from 3.):           |                              |
|------------------------------------+------------------------------|
|                                    |                              |
| 5. Date of the transaction and     |                              |
| date on                            |                              |
| which the threshold is crossed or  |       02 November 2009       |
| reached:                           |                              |
|                                    |                              |
|                                    |                              |
|------------------------------------+------------------------------|
| 6. Date on which issuer notified:  |       04 November 2009       |
|------------------------------------+------------------------------|
| 7. Threshold(s) that is/are        |                              |
| crossed or                         |        Above 3% (L&G)        |
| reached:                           |                              |
|                                    |                              |
+-------------------------------------------------------------------+



+----------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                                |
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                                 |
|----------------------------------------------------------------------------------------------------|
|Class/type of  |     Situation previous      | Resulting situation after the triggering transaction |
|shares         |      to the triggering      |                                                      |
|if possible    |         transaction         |                                                      |
|using          |-----------------------------+------------------------------------------------------|
|the ISIN CODE  |     Number      |  Number   |         |   Number of voting   | % of  voting rights |
|               |       of        |    of     | Number  |        rights        |                     |
|               |     Shares      |  Voting   |of shares|----------------------+---------------------|
|               |                 |  Rights   |         |   Direct   |Indirect |  Direct   |Indirect |
|---------------+-----------------------------+---------+------------+---------+-----------+---------|
|ORD            |                             |         |            |         |           |         |
|               |          Below 3%           |8,095,202| 8,095,202  |         |   3.03    |         |
|GBP 0.001      |                             |         |            |         |           |         |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|B: Qualifying Financial Instruments                                                                 |
|----------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                |
|----------------------------------------------------------------------------------------------------|
|                        |              |                      |Number of voting       |             |
|Type of financial       |Expiration    |Exercise/             |rights that may be     |% of voting  |
|instrument              |date          |Conversion Period     |acquired if the        |rights       |
|                        |              |                      |instrument is          |             |
|                        |              |                      |exercised/ converted.  |             |
|------------------------+--------------+----------------------+-----------------------+-------------|
|                        |              |                      |                       |             |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|C: Financial Instruments with similar economic effect to Qualifying Financial Instruments           |
|----------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                |
|----------------------------------------------------------------------------------------------------|
|                |                |          |          |                         |                  |
|Type          of|Exercise price  |Expiration|Exercise/ |Number of  voting  rights|% of voting rights|
|financial       |                |date      |Conversion|instrument refers to     |                  |
|instrument      |                |          |period    |                         |                  |
|                |                |          |          |                         |                  |
|----------------+----------------+----------+----------+-------------------------+------------------|
|                |                |          |          |                         | Nominal  | Delta |
|                |                |          |          |                         |----------+-------|
|                |                |          |          |                         |          |       |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|Total (A+B+C)                                                                                       |
|----------------------------------------------------------------------------------------------------|
|Number of voting rights                           |Percentage of voting rights                      |
|--------------------------------------------------+-------------------------------------------------|
|                                                  |                                                 |
|                    8,095,202                     |                      3.03                       |
|                                                  |                                                 |
+----------------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable:        |
|-------------------------------------------------------------------|
|                                                                   |
|                                                                   |
| +---------------------------------------------------------------+ |
| | Legal & General Group Plc (Direct and Indirect) |             | |
| | (Group)                                         |             | |
| |-------------------------------------------------+-------------| |
| | Legal & General Investment Management           |             | |
| | (Holdings) Limited (LGIMH) (Direct and          |             | |
| | Indirect)                                       |             | |
| |-------------------------------------------------+-------------| |
| | Legal & General Investment Management Limited   |             | |
| | (Indirect) (LGIM)                               |             | |
| |---------------------------------------------------------------| |
| | Legal & General Group Plc (Direct) (L&G) (8,095,202 - 3.03 %  | |
| |                      = LGAS, LGPL & PMC)                      | |
| |---------------------------------------------------------------| |
| | Legal & General Investment     | Legal & General Insurance    | |
| | Management (Holdings) Limited  | Holdings Limited (Direct)    | |
| | (Direct) (LGIMHD)              | (LGIH)                       | |
| |--------------------------------+------------------------------| |
| | Legal & General Assurance      | Legal & General Assurance    | |
| | (Pensions Management) Limited  | Society Limited  (LGAS &     | |
| | (PMC)                          | LGPL)                        | |
| |--------------------------------+------------------------------| |
| |                                | Legal & General Pensions     | |
| |                                | Limited (Direct)  (LGPL)     | |
| +---------------------------------------------------------------+ |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| Proxy Voting:                                                     |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder:                  |       N/A        |
|------------------------------------------------+------------------|
| 11. Number of voting rights proxy holder will  |       N/A        |
| cease                                          |                  |
| to hold:                                       |                  |
|------------------------------------------------+------------------|
| 12. Date on which proxy holder will cease to   |       N/A        |
| hold                                           |                  |
| voting rights:                                 |                  |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 13. Additional information: | Notification using the total voting |
|                             |    rights figure of 266,477,291     |
|                             |                                     |
|-----------------------------+-------------------------------------|
| 14. Contact name:           |         Helen Lewis (LGIM)          |
|-----------------------------+-------------------------------------|
| 15. Contact telephone       |            020 3124 3851            |
| number:                     |                                     |
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