Holding(s) in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details
ISIN
GB00B02J6398
Issuer Name
ADMIRAL GROUP PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
City of registered office (if applicable)
München
Country of registered office (if applicable)
Deutschland
4. Details of the shareholder

Name	City of registered office	Country of registered office
MR Beteiligungen UK AG & Co. KG	Grünwald	Germany

5. Date on which the threshold was crossed or reached
29-Oct-2021
6. Date on which Issuer notified
29-Oct-2021
7. Total positions of person(s) subject to the notification obligation

.	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	4.990000	0.000000	4.990000	14947781
Position of previous notification (if applicable)	9.996000	0.000000	9.996000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares

Class/Type of shares ISIN code( if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00B02J6398	14947781		4.990000
Sub Total 8.A	14947781		4.990000%

8B1. Financial Instruments according to (DTR5.3.1 R.( 1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights

Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights

Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	MR Beteiligungen AG
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	MR Beteiligungen UK AG & Co. KG	4.990000		4.990000%