Syndicate Forecasts

Amlin PLC
26 November 1999

                                   AMLIN PLC
                                       
                              SYNDICATE FORECASTS


Amlin Underwriting Limited ('AML') and Angerstein Underwriting Limited
('AUL'), the two Lloyd's managing agencies owned by Amlin plc, have released
updated forecasts of the results of their managed Lloyd's syndicates for the
1997 year of account and initial forecasts for the 1998 year of account.

The forecasts, which are set out below, are expressed in a 5% range as a
percentage of capacity and are after standard Names' expenses, including
agents fees and profit commission.

1997 year of account

The forecasts released in August 1998 remain unchanged as follows:

Syndicate No.           Capacity            % owned          Latest forecast
                              £m           by Amlin                   % to %
902                         37.6                14%            7.00 to 12.00
1141                        76.2                 6%             2.00 to 7.00
2001                       528.6                11%           (2.00) to 3.00


1998 year of account

Syndicate     Capacity      % owned    Latest forecasts    Previous forecast
No.                 £m     by Amlin              % to %               % to %
902               37.6          35%      (2.00) to 3.00       (2.00) to 3.00
1141              76.2          22%        0.00 to 5.00         0.00 to 5.00
2001             528.7          24%   (7.00 ) to (2.00)     (6.00) to (1.00)

The forecasts for the 1998 year of account are indicative of the difficult
underwriting climate which has resulted from a global excess of insurance
capacity.

Syndicate 2001

Syndicate 2001's results for the 1997 and 1998 years of account were
significantly influenced by the results of former sub-syndicate 919 which
underwrote general liability and professional indemnity accounts.  The
forecast 1998 year of account losses for sub-syndicate 919 represent
approximately 30% of the forecast losses of syndicate 2001.  This business has
now largely been discontinued as part of management's continuing policy of
eliminating those elements of the underwriting account that are unprofitable
and lack long term potential.

1999 Outlook

While it is early days for the 1999 year of account, management actions taken
and the increase in rates being achieved on the motor book indicate that
Amlin's managed syndicates will show an improvement over the 1998 year of
account.

Amlin plc

The mid-points of the 1998 year of account managed syndicates' forecasts would
result in a loss to the Amlin Group of £5.3 million.  In its balance sheet at
30 June 1999, Amlin plc is carrying reserves of some £16.0 million in respect
of potential losses on its underwriting on the open years of account from both
its managed and 'spread' syndicates.





Enquiries:

Charles Philipps, Amlin plc                                      0171 860 8222
David Haggie, Haggie Financial Limited                           0171 417 8989