Offer Talks Terminated

Amlin PLC
14 July 2005


Not for release, publication or distribution, in whole or in part, in, into or
from the United States, Canada, Australia or Japan or any other jurisdiction
where it would be unlawful to do so.


PRESS ANNOUNCEMENT
EMBARGOED UNTIL 7.00 AM
14 July 2005

             AMLIN PLC ('AMLIN') AND CHAUCER HOLDINGS PLC ('CHAUCER')

Further to the announcement of 9 June 2005, the Board of Amlin has decided not
to make an offer for Chaucer.  Having completed its review of Chaucer, Amlin has
concluded that sufficient value for its shareholders could not be created by
proceeding with a transaction.

For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers, Amlin
reserves the right to make or participate in an offer within the next six months
in the event that the Board of Chaucer agrees to recommend such an offer or a
third party announces a firm intention to make an offer for Chaucer.


Enquiries:

Amlin                                                   Tel:       [phone]
Charles Philipps, Chief Executive

Haggie & Co (Public relations adviser to Amlin)         Tel:       [phone]
David Haggie                                                        07768 332486
Peter Rigby                                                         07803 851426

Hawkpoint (Financial adviser to Amlin)                  Tel:       [phone]
Christopher Kemball
Lawrence Guthrie


The Directors of Amlin accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the Directors of
Amlin (who have taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.

Hawkpoint Partners Limited which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Amlin and
no one else in connection with a possible offer and will not be responsible to
anyone else other than Amlin for providing the protections afforded to their
customers or for providing advice in relation to a possible offer or in relation
to the contents of this announcement or any transaction or arrangement referred
to herein.


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