Debt Facility

Amlin PLC
16 March 2005



PRESS RELEASE


For Immediate Release





Amlin raises further Tier Two debt

Amlin plc ('Amlin'), the leading Lloyd's insurer, has raised a further US$50
million of lower Tier Two subordinated debt through a private placement (the '
Issue'). Amlin will use the proceeds to provide long term capital to support its
underwriting activities.

The Issue, which will be denominated in US dollars, is callable on 15 March 2015
and pays a coupon of 7.28 per cent to give a spread of 275 basis points over the
benchmark ten year US treasury yield.  The Issue is expected to be rated Baa3 by
Moody's and listed on the London Stock Exchange.

Commenting on the Issue, Finance Director Richard Hextall said, 'Following on
from our successful debut subordinated debt issue last year, we are taking
advantage of attractive conditions within the credit market to raise additional
tier two debt. We are pleased with the positive response to the Issue which is
eligible to qualify as regulatory capital under the regime being introduced by
the Financial Services Authority.  '

Credit Suisse First Boston acted as structuring adviser and placement agent.


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Enquiries:


Richard Hextall, Finance Director                               0207 746 1000
Hannah Bale, Head of Communications                             0207 746 1118
David Haggie/Peter Rigby, Haggie Financial                      0207 417 8989




Notes for Editors:

Amlin is a recognised leader in the London insurance and reinsurance market,
providing a global client base with risk management solutions. Amlin has four
business specialisms: Aviation; Marine; UK commercial; and International
property and casualty insurance and reinsurance.  A FTSE 250 quoted company,
Amlin owns 100% of its £850 million capacity for 2005, wholly written through
Lloyd's Syndicate 2001.  The Syndicate is rated 'A' (Excellent) for financial
strength by AM Best and A1 for financial strength by Moody's.










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