Result of Scrip Dividend Alternative Offer and Sha

Amlin Plc
                  

AMLIN PLC ('Amlin')

RESULT OF SCRIP DIVIDEND ALTERNATIVE OFFER AND SHARE CAPITAL UPDATE

The Scrip Dividend Alternative to Amlin's interim dividend for 2003 of 0.85p per
share was accepted in respect of 71,651,043 shares, representing approximately
18.4% of Amlin's issued share capital on the dividend record date of 19
September 2003. At the reference price of 137.5p per share, those electing for
the scrip dividend are entitled to the issue of a total of 442,798 new ordinary
shares of 25p each fully paid, ranking, when issued, pari passu in all respects
with Amlin's existing shares.

Application is being made to the UK Listing Authority and the London Stock
Exchange for these additional shares to be admitted to the Official List and to
trading. It is expected that such listing will become effective and that
dealings in the additional shares will commence on 3 November 2003.

Following the issue of the Scrip Dividend Alternative shares, and recent
exercises of executive share options, the issued share capital of Amlin will be
390,788,250 ordinary shares of 25p each.

28 October 2003

Enquiries:

Charles Pender 020 7746 1008
Secretary
Amlin plc