Holding(s) in Company

Admiral Group PLC
21 January 2005



                       Admiral Group Plc ('the Company')

                     Disclosure of Interest in Share Capital


The Company today received notification in accordance with Sections 198-202 of
the Companies Act 1985 that as at 18th January 2004, The Goldman Sachs Group,
Inc. had a notifiable interest in 11,576,695 ordinary shares in the Company
representing 4.48% of the fully paid issued share capital.

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