Result of Capacity Offer

Amlin PLC
18 September 2002



                            RESULT OF CAPACITY OFFER

                                 PRESS RELEASE


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN OR INTO THE UNITED STATES, 
AUSTRALIA, CANADA, JAPAN OR ANY PROHIBITED OR EXCLUDED TERRITORY.



Amlin plc

18 September 2002

FOR IMMEDIATE RELEASE

                                   AMLIN PLC

  UPDATE OF RESULT OF OFFER FOR THE OUTSTANDING CAPACITY ON SYNDICATE 2001  
                              ('CAPACITY OFFER')

Owing to an administrative error by Amlin's Receiving Agents, acceptances in
respect of £1,421,600 of Capacity, which had been received by the Receiving
Agents prior to the closure of the Capacity Offer on 16 September 2002, were not
processed. These acceptances were therefore not included in the results of the
Capacity Offer announced on 16 September 2002 and accordingly Amlin announces
the revised results of the Capacity Offer.

At 16 September 2002, valid acceptances had been received from Members in
respect of an aggregate of approximately £203.57 million of Capacity,
representing approximately 91.83 per cent. of the outstanding Capacity on
Syndicate 2001 not already owned by the Group.

Elections to receive New Amlin Shares under the Share Offer and cash under the
Cash Alternative were made by Members in respect of approximately £58.72 million
and £144.85 million of Capacity respectively. Accordingly, a total of 15,021,255
New Amlin Shares have now been issued pursuant to the Share Offer, representing
approximately 3.88 per cent. of the issued share capital of Amlin as enlarged by
the Share Offer, and approximately £28.97 million in cash has been or will be
paid to Members under the Cash Alternative.

Following the issue of a further 325,446 New Amlin Shares as a result of these
additional acceptances, Amlin's issued share capital is now 387,191,976 ordinary
shares of 25p each.

Terms used in this announcement have the same meaning as in the Offer Document
dated 2 August 2002 unless the context otherwise requires.



Enquiries:

Amlin
Charles Philipps         Tel: [phone]
Richard Hextall          Tel: [phone]

KPMG Corporate Finance
Richard Barlow           Tel:  [phone]

Haggie Financial Limited
David Haggie             Tel: [phone]

This announcement does not constitute or form part of an offer, or any
solicitation of an offer, to acquire shares in Amlin.

KPMG Corporate Finance, a division of KPMG LLP which is authorised by the
Financial Services Authority for investment business activities, is acting as
financial adviser to Amlin and Lloyd's sponsor to Amlin Corporate Member Limited
in relation to the Capacity Offer and is not acting for any other person in
relation to such Capacity Offer. KPMG Corporate Finance will not be responsible
to anyone other than Amlin or Amlin Corporate Member Limited for providing the
protections afforded to its clients or for providing advice in relation to the
Capacity Offer or any other matter referred to herein.

This announcement is not an offer of existing Amlin Shares or New Amlin Shares
for sale into the United States or to, or for the account or benefit of US
persons. The existing Amlin Shares and the New Amlin Shares have not been and
will not be registered under the US Securities Act of 1933 and may not be
offered or sold in the United States, or to or for the account or benefit of US
persons unless they are registered or exempt from registration.  There will be
no public offer of the New Amlin Shares in the United States.




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