Credit Facility Agreement

Amlin PLC
23 October 2001

For Immediate Release

23 October 2001

AMLIN AGREES TERMS FOR ADDITIONAL CAPITAL

Amlin plc, the leading Lloyd's insurer, announced today that it has reached
agreement in principle with State Farm Mutual Automobile Insurance Company 
(' State Farm'), an existing shareholder, for the provision of a credit 
facility, on normal commercial terms, of up to £100 million to support its 
underwriting for the 2002 Lloyd's year of account.  A further announcement will 
be made once legal documentation has been completed.

Amlin has announced its intention to increase the capacity of its Syndicate
2001 by 39% to £800 million for the 2002 Lloyd's year of account.  Amlin's
existing financing, combined with this facility, will enable it to underwrite
its current 70% share of this amount and up to a further 5% of Syndicate
2001's capacity should this become available.

Charles Philipps, Amlin's Chief Executive said  'We are extremely pleased that
State Farm, one of our major shareholders, is supporting us in this way.  We
have said consistently that we would grow our business into a hardening market
and now we have the capital support to achieve our goals.'

Enquiries:


Charles Philipps, Chief Executive                       020 7749 1059
Richard Hextall, Finance Director                       020 7746 1058
David Haggie, Haggie Financial                          020 7417 8989








Notes for City Editors





Amlin plc is listed in the London Stock Exchange and is among the three
largest businesses operating in Lloyd's.  It has a diverse book of business
ranging from UK commercial motor insurance to US property catastrophe
reinsurance.



State Farm Mutual Automobile Insurance Company*

State Farm Mutual Automobile Insurance Company is the parent company of the
State Farm Group, which comprises 7 property/ casualty group members. The
company writes personal and commercial lines of insurance throughout the
United States and Canada. Its mix of business is approximately 88% in personal
lines and 12% in commercial lines. The group's principal products are private
passenger automobile and homeowners insurance. State Farm has an exclusive
agency force that numbers over 16,000. It achieved an average combined ratio
for the period 1996-2000 of 105.5. Net written premium for 2000 was $23bn.



 *info from Best's insurance reports, Vol 2001