Issue of Equity

Amlin PLC
13 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 199,689 ordinary shares of
25p each.  The shares will rank pari passu in all respects with the existing
issued ordinary share capital of the Company.

Together with those already announced a total of 15,508,545 shares have been
issued in respect of the acquisition of the outstanding capacity. No further
shares will be issued in this respect. The UK Listing Authority and the London
Stock Exchange admitted up to 56,708,346 shares to the Official List and to
trading on the London Stock Exchange pursuant to the capacity offer.  A request
for this listing to be cancelled in respect of the unutilised balance of
41,199,801 shares will be made shortly.

The issued share capital of Amlin is now 388,179,532 ordinary shares of 25p
each.


13 November 2002


Enquiries:

Charles Pender                                                     020 7746 1008
Secretary
Amlin plc


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