Annual Report 2008

Information for shareholders

Electronic communications

For some years up to 2008, we have provided a facility for those shareholders who wish to do so to receive our Annual and Interim Reports electronically by registering on our website. We also provide AGM electronic proxy voting facilities for shareholders holding their shares in both CREST and in certificated form. As permitted by recent legislation, shareholders approved a change to our Articles of Association at our 2008 AGM which now allows us to circulate hard copies of the Annual and Interim Reports only to those who opt to receive them. Following a circulation to shareholders in late 2008, this is being implemented for the first time in respect of this 2008 Annual Report. Fuller details are set out in the AGM circular. If any shareholder wishes to opt back in to receiving printed shareholder documents, or to provide an email address for alerts of documents available electronically if not already provided, please contact our registrar, Computershare.

Dealing in Amlin shares

Amlin’s ordinary shares are listed on the London Stock Exchange. Prices are reported daily in the Financial Times and in most other UK national newspapers with share price services. The B Shares issued in December 2007, further details of which are given in the Directors’ report and in note 22 to the Accounts, the outstanding portion of which are expected to be redeemed in August 2009, are not listed or traded on any stock exchange.

NatWest Stockbrokers Limited, an affiliate of the Company’s stockbroker RBS Hoare Govett Limited, offers a low cost dealing service for UK resident investors to buy or sell Amlin shares. For further information please call NatWest Stockbrokers on 0870 600 3070 or find the relevant form together with further details on our website. NatWest Stockbrokers Limited is authorised by the Financial Services Authority.

The UK capital gains tax position regarding the B Shares issue (December 2007)

The detailed UK and US tax position of all aspects of the return of capital and share consolidation that was completed early in 2008 was set out in a circular to shareholders dated 16 November 2007, copies of which are available from the Company Secretary and the Amlin website. This involved the replacement of each 9 ordinary shares of 25p each previously held by shareholders by 9 B Shares of 22.4p each and 8 consolidated ordinary shares of 28.125p each (New Shares).

Further to that circular, the market value of a New Share for UK tax purposes on the first day on which its price was quoted (17 December 2007) was 302.125p. The market value on the same date of a B Share for UK tax purposes was considered to be 22.3p. As the B Shares are not traded on any stock exchange, their value was calculated by reference to their redemption value of 22.4p per share on the first redemption date of 14 January 2008, discounted for the minimum period prior to redemption. Accordingly, shareholders subject to UK taxation of capital gains may apportion the allowable expenditure in relation to their holdings of ordinary shares of 25p each prior to 17 December 2007 as follows:

Holdings of new ordinary shares of 28.125p each: 92.333%

Holdings of B Shares: 7.667%

Recent dividend and other payments to shareholders

Dividend and other payments on Amlin ordinary shares from 1 January 2007 to date have been as follows:

Recent dividend payments on Amlin ordinary shares
	Record date	Payment date	Amount per share
2006 final	30 March 2007	30 May 2007	7.8p
Special	30 March 2007	30 May 2007	8.0p
2007 interim	21 Sept 2007	19 Oct 2007	5.0p
Return of capital*	14 Dec 2007	17 Jan 2008	22.4p*
2007 final	25 March 2008	30 April 2008	10.0p
2008 interim	12 Sept 2008	10 Oct 2008	6.0p

* In the absence of any contrary election, the return of capital was made by way of redemption of B shares. This was usually treated as a capital realisation for UK private shareholders. All other payments above were dividends.

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