SHAREHOLDERS AT 31 DECEMBER 2002
2002 2001
By type of investor Number of holdings % Number of shares % Number of holdings % Number of shares %
Current directors* 15 0.88 4,254,860 1.10 15 1.20 3,993,814 1.92
Other individuals 1,044 60.87 26,686,432 6,87 762 61.06 29,099,441 13.95
Corporate 656 38.25 357,381,959 92.03 471 37.74 175,446,851 84.13
1,715 100.00 388,323,251 100.00 1,248 100.00 208,540,106 100.00
*Shareholdings of directors, their dependent family members and trusts.
2002 2001
By size of investment Number of holdings % Number of shares % Number of holdings % Number of shares %
Up to 50,000 1,370 79.88 12,655,934 3.26 1,042 83.50 7,174,747 3.44
50,001 to 100,000 94 5.48 6,819,978 1.76 59 4.73 4,276,466 2.05
100,001 to 500,000 142 8.28 29,497,539 7.60 87 6.79 19,876,221 9.53
500,001 to 1,000,000 45 2.62 32,221,368 8.30 30 2.40 22,044,465 10.57
1,000,001 to 5,000,000 50 2.92 110,410,023 28.42 22 1,76 52,251,354 25.06
5,000,001 to 10,000,000 9 0.52 61,027,619 15.72 4 0.32 25,572,812 12.26
Over 10,000,000 5 0.30 135,690,790 34.94 4 0.32 77,344,041 37.09
1,715 100.00 388,323,251 100.00 1,248 100.00 208,540,106 100.00


SYNDICATE PARTICIPATIONS

The Group’s aligned and non-aligned participations in Lloyd’s syndicates are set out below.

ALIGNED SYNDICATE PARTICIPATIONS

Syndicate capacity
Year of account 2000
£m		 2001
£m		 2002
£m		 2003
£m
Syndicate 902 21.3 – – –
Syndicate 1141 53.2 – – –
Syndicate 2001 236.3 400.1 578.3 861.6
310.8 400.1 578.3 861.6
Total managed capacity 538.0 575.0 800.0 1,000
Percentage owned 57.8% 69.6% 72.3% 86.2%


Pursuant to the capacity offer described in note 22, the Group owns 100% of Syndicate 2001’s capacity. However, 13.8% of this is subject to a limited tenancy arrangement with third parties, for the 2003 year of account only.

NON-ALIGNED SYNDICATE PARTICIPATIONS

Syndicate capacity
Managing agent Syndicate 1997
£m		 1998
£m		 1999
£m
Non-marine
Jago Managing Agency Ltd 205 – – 2.25
D P Mann Ltd 435 – – 7.80
A E Grant (Underwriting Agencies) Ltd 991 – 2.35 2.93
Duncanson & Holt Syndicate Management Ltd 1101 2.50 2.50 –
Total non-marine 2.50 4.85 12.98
Motor
Ockham Personal Insurance Agency Ltd 37 – – 4.64
Aviation
Kingsmead Underwriting Agency Ltd 271 – 2.45 1.50
St Paul Syndicate Management Ltd 340 2.25 – –
Duncanson & Holt Syndicate Management Ltd 957 3.00 3.00 –
Total Aviation 5.25 5.45 1.50
Total capacity 7.75 10.30 19.12


During 1999 the Group sold the final part of its directly owned non-aligned capacity. The syndicate years of account for the above capacity remain open at 31 December 2002.

SHAREHOLDER INFORMATION
Share price
The Company’s ordinary shares are listed on the London Stock Exchange under ‘Insurance’. Prices are given daily in newspapers including the Financial Times, Times, Daily Telegraph, Independent and Evening Standard.

Share certificates
On 24 September 1999 all of the Company’s share certificates were replaced and thus share certificates issued prior to that date, whether in the Company’s present or previous name (Angerstein Underwriting Trust PLC), are no longer valid. Any shareholder holding such invalid share certificates who does not also hold the relevant replacement certificate(s) should contact the Company’s Registrar, Computershare Investor Services PLC (details below).

ISAs and PEPs
The Company’s shares qualify to be held as equities in Individual Savings Accounts (ISAs) and in Personal Equity Plans (PEPs).

Capital gains tax information
Information regarding the base costs, and apportionment factors between shares and warrants, for holdings acquired on the original flotation of the Company in 1993 or through the merger with Delian Lloyd’s Investment Trust in 1995 are available on request by telephoning our Investor Relations Unit on 020 7746 1111.

Shareholders’ dealings
The Company’s stockbroker, Hoare Govett Limited, offers a low-cost postal dealing service, which enables investors to buy or sell certificated holdings of the Company’s shares in what may be a convenient manner. Basic commission is 1% of the transaction value, with a minimum charge of £10. Transactions are executed and settled by Pershing Securities Limited. Forms can be obtained from the Company Secretarial Department, Amlin plc, St Helen’s, 1 Undershaft, London EC3A 8ND (Tel 020 7746 1005) or direct from Hoare Govett Limited, 250 Bishopsgate, London EC2M 4AA (Tel 020 7678 8300).

Shareholder enquiries, registrar and website
Please call our Investor Relations Unit on 020 7746 1111 or, for enquiries concerning share registration, call our Registrar, Computershare Investor Services plc, on 0870 702 0000.

Amlin’s corporate website is at www.amlin.com.

REGISTERED OFFICE AND ADVISORS

REGISTERED OFFICE
St Helen’s
1 Undershaft
London
EC3A 8ND

SECRETARY
C C T Pender ACIS

AUDITORS
Deloitte & Touche
Stonecutter Court
1 Stonecutter Street
London
EC4A 4TR

INVESTMENT BANKERS
Lexicon Partners Limited
No 1 Cornhill
London
EC3V 3ND

STOCKBROKERS
Hoare Govett Limited
250 Bishopsgate
London
EC2M 7AA

CORPORATE LAWYERS
Linklaters
One Silk Street
London
EC2Y 8HQ

PRINCIPAL BANKERS
Lloyds TSB Bank Plc
39 Threadneedle Street
London
EC2R 8AU

REGISTRAR
Computershare Investor
Services PLC
PO Box 82
The Pavilions
Bridgewater Road
Bristol
BS997NH