Re Contract

Admiral Group PLC
16 December 2005

                               Admiral Group plc



                              Reinsurance Contract



Admiral Insurance (Gibraltar) Ltd has agreed a quota share reinsurance contract
with Swiss Reinsurance Company, which will see Swiss Reinsurance Company
reinsure 5% of the UK private motor premium written via Admiral Insurance
Services Limited during 2006 (subject to regulatory approval by the Financial
Services Commissioner In Gibraltar). The contract is a one-year contract and
replaces the one-year contract with Cologne Reinsurance, Dublin, part of General
Reinsurance Company. Admiral Group will thus continue to retain 25% of the
premiums written via Admiral Insurance Services Limited with 65% written by
Great Lakes Reinsurance Company (UK) Ltd, a wholly-owned subsidiary of Munich
Reinsurance Company, under a long-term deal, and  5% written by Axis Re Limited
under a two-year deal, covering 2005 and 2006. The terms of the Swiss Re
contract are not materially different from the terms of the expiring Gen Re
deal.



For further information please contact:



Louisa Scadden, Investor Relations Manager on 029 20434394


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