Result of Capacity Offer

Amlin PLC
16 September 2002

                            RESULT OF CAPACITY OFFER

                                 PRESS RELEASE


  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN OR INTO THE UNITED STATES, 
      AUSTRALIA, CANADA, JAPAN OR ANY PROHIBITED OR EXCLUDED TERRITORY.

Amlin plc

16 September 2002

FOR IMMEDIATE RELEASE


                                   AMLIN PLC

          RESULT OF OFFER FOR THE OUTSTANDING CAPACITY ON SYNDICATE 2001  
                              ('CAPACITY OFFER')


Amlin announces that the Capacity Offer closed today at 3.00pm. Including those
already announced, valid acceptances have been received from Members in respect
of approximately £202.15 million of Capacity, representing approximately 91.2
per cent. of the outstanding Capacity on Syndicate 2001 not already owned by the
Group.

Elections to receive New Amlin Shares under the Share Offer and cash under the
Cash Alternative were made by Members in respect of approximately £57.45 million
and £144.70 million of Capacity respectively. Accordingly, a total of 14,695,809
New Amlin Shares have now been issued pursuant to the Share Offer, representing
approximately 3.8 per cent. of the issued share capital of Amlin as enlarged by
the Share Offer, and approximately £28.94 million in cash has been or will be
paid to Members under the Cash Alternative.

As the Group holds or has received valid acceptances in respect of approximately
£780.3 million of Capacity, representing approximately 97.6 per cent. of the
total Capacity on Syndicate 2001, it will make an application to the Council of
Lloyd's to effect a minority buy-out in respect of Syndicate 2001 shortly.

Following the issue of New Amlin Shares referred to above, Amlin's issued share
capital is now 386,866,530 ordinary shares of 25p each.  Up to a further
4,998,511 New Amlin Shares may be issued in due course pursuant to the minority
buy-out referred to above.  The balance of the original maximum of 56,708,346
New Amlin Shares which may have been issued in respect of the Capacity Offer
will not now be issued.

Terms used in this announcement have the same meaning as in the Offer Document
dated 2 August 2002 unless the context otherwise requires.



Enquiries:

Amlin

Charles Philipps Tel: [phone]

Richard Hextall             Tel: [phone]

KPMG Corporate Finance

Richard Barlow              Tel:  [phone]

Haggie Financial Limited

David Haggie                Tel: [phone]


This announcement does not constitute or form part of an offer, or any
solicitation of an offer, to acquire shares in Amlin.

KPMG Corporate Finance, a division of KPMG LLP which is authorised by the
Financial Services Authority for investment business activities, is acting as
financial adviser to Amlin and Lloyd's sponsor to Amlin Corporate Member Limited
in relation to the Capacity Offer and is not acting for any other person in
relation to such Capacity Offer. KPMG Corporate Finance will not be responsible
to anyone other than Amlin or Amlin Corporate Member Limited for providing the
protections afforded to its clients or for providing advice in relation to the
Capacity Offer or any other matter referred to herein.

This announcement is not an offer of existing Amlin Shares or New Amlin Shares
for sale into the United States or to, or for the account or benefit of US
persons. The existing Amlin Shares and the New Amlin Shares have not been and
will not be registered under the US Securities Act of 1933 and may not be
offered or sold in the United States, or to or for the account or benefit of US
persons unless they are registered or exempt from registration.  There will be
no public offer of the New Amlin Shares in the United States.




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