Issue of Equity

Amlin PLC
24 October 2002

For immediate release

                                   AMLIN plc

                              SHARE CAPITAL UPDATE

On 11 October 2002 Lloyd's approved the application by Amlin and its
wholly-owned subsidiary, Amlin Underwriting Limited, to proceed with the
compulsory acquisition of all of the outstanding capacity on Syndicate 2001
which Amlin and its subsidiaries does not hold and has not acquired pursuant to
the capacity offer made on 2 August 2002.

Pursuant to this, Amlin has today allotted and issued 127,292 ordinary shares of
25p each.   The shares will rank pari passu in all respects with the existing
issued ordinary share capital of the Company.

The issued share capital of Amlin is now 387,767,400 ordinary shares of 25p
each.


24 October 2002



Enquiries:

Charles Pender                                           020 7746 1008
Secretary
Amlin plc


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