Admiral Group PLC : Admiral Group PLC : Company Update

            Admiral Group PLC : Admiral Group PLC : Company Update

Admiral Group confirms that it has entered into two new joint ventures
with law firms Lyons Davidson and Cordner Lewis Solicitors to form Admiral Law
Limited and BDE Law Limited, respectively. Earlier today, both ventures were
granted alternative business structure (ABS) licences by the Solicitors
Regulation Authority (SRA). Theselicences will be effective from 1st May
2013.

Admiral is committed to providing its customers with the best possible
service. Bringing the provision of legal services in-house will allow Admiral
to administer a claim throughout the process and offer customers a materially
better quality of service.

New and proposed reforms related to the handling of bodily injury claims
mean that the ABS businesses arenot expectedto make a material contribution
to Admiral's profits in the foreseeable future. Admiral welcomes all actions
taken to curb the compensation culture that currently exists within the UK
motor insurance market.

For more information, please contact:

Admiral
Louise O'Shea +44 (0) 29 2043 4384
Louisa Scadden+44(0) 29 2043 4394

FTI Consulting
Paul Marriott +44 (0) 20 7269 7252
Edward Berry+44 (0) 20 7269 7297



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Source: Admiral Group PLC via Thomson Reuters ONE
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