Admiral Group PLC : Sale of Chiarezza

Admiral Group plc

Sale of Chiarezza

13 April 2012

Admiral Group plc ("the Group" or "Admiral") has completed the review of Chiarezza, the Group's price comparison operation in Italy, that was discussed at the time of Admiral's full year results on March 7th 2012.

Admiral today confirms that it has sold Chiarezza to BlackFin Assurance Courtage.  As at the end of December 2011 Chiarezza had gross assets of £1.3 million.

This sale has no impact on Admiral's Italian motor insurance business, ConTe, which continues its operations as normal and continues to benefit from increasing rates of internet penetration in the Italian market.

The Group remains focused on continuing the profitable growth of its UK operations and on building profitable, growing, sustainable car insurance operations in Spain, Italy, USA and France and price comparison operations in Spain and France.

For further information, please contact:

Admiral
Louisa Scadden          [phone]
Louise O'Shea            [phone]

FTI Consulting
Paul Marriott               [phone]
Ed Berry                      [phone] 

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Admiral Group PLC via Thomson Reuters ONE

HUG#1602412