Acquisition

Amlin PLC
14 May 2004

Amlin plc

For immediate release
14 May 2004

                                 AMLIN ACQUIRES
                           SM MARINE HOLDINGS LIMITED

Amlin plc ('Amlin') announces that it has acquired SM Marine Holdings Limited 
('SMH') which, through its subsidiary St Margarets Insurances Limited 
('St Margarets'), is a leading UK retail yacht insurance broker. SMH had net 
assets of £1.42 million as at 30 September 2003.

Martin Hewett, Chairman of Amlin Marine Services Limited, said: 'St Margarets is
a highly regarded and established brand in the retail yacht market. This
acquisition complements Amlin's existing intermediary and yacht broker business,
Haven Knox- Johnston, and reinforces Amlin's commitment to the yacht insurance
market in the UK.'

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Enquiries:

Martin Hewett, Chairman, Amlin Marine Services Ltd.          020 7746 1804
Peter Rigby, Haggie Financial                                020 7417 8989

Notes for Editors:
Amlin plc is a recognised leader in the London insurance and reinsurance market,
providing a global client base with risk management solutions. Amlin has four
business specialisms: Aviation; Marine; UK commercial; and International
property and casualty insurance and reinsurance. A FTSE 250 quoted company,
Amlin owns 100% of its £1bn capacity for 2004, which is written through Lloyd's
Syndicate 2001, which is rated 'A' (Excellent) by AM Best.



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