Issue of Equity

Amlin PLC
05 November 2002

For immediate release

                                  AMLIN plc

                           SHARE CAPITAL UPDATE

On 11 October 2002 Lloyd's approved the application by Amlin plc ('Amlin') and
its wholly-owned subsidiary, Amlin Underwriting Limited, to proceed with the
compulsory acquisition of all of the outstanding capacity on Syndicate 2001
which Amlin and its subsidiaries does not hold and has not acquired pursuant to
the capacity offer made on 2 August 2002.

Pursuant to this Amlin has today allotted a further 82,670 ordinary shares of
25p each, in addition to those already announced.   The shares will rank pari
passu in all respects with the existing issued ordinary share capital of the
Company.

Amlin has also issued 52,134 shares resulting from recent exercises of share
options, which are included within current block listings granted by the UK
Listing Authority and the London Stock Exchange.

The issued share capital of Amlin is now 387,979,843 ordinary shares of 25p
each.

5 November 2002


Enquiries:

Charles Pender                         020 7746 1008
Secretary
Amlin plc




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