Re: Lloyd's Enquiry

Numis Corporation PLC
23 December 2002

                        Numis Corporation Plc ('Numis')

                                Lloyd's Enquiry


On 14 May 2001 Numis announced that its principal operating subsidiary Numis
Securities Limited had acted in 1999 as adviser to a company which made a
capacity offer in the Lloyd's market. It was announced that Lloyd's, as the
relevant regulator, was examining that transaction. Lloyd's has concluded its
investigation and , on Friday 20 December 2002, issued a Notice stating, inter
alia, that Numis Securities Limited has accepted that it breached the capacity
offer rules. These rules related to the acquisition of capacity by a managing
agent from the Names on its syndicate. The directors of Numis do not believe
that any further regulatory proceedings will take place in relation to this
matter.


END


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