Admiral Group PLC: Admiral Group PLC announces successful inaugural bond offering

   Admiral Group PLC: Admiral Group PLC announces successful inaugural bond
                                   offering

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Admiral Group plc announces successful inaugural bond offering

Admiral announces today it successfully priced £200m of 5.50% fixed coupon,
ten year, tier two, subordinated notes due July 2024. The issue is expected to
settle on 25July 2014.

The proceeds of the inaugural bond transaction will be used by Admiral to fund
general and commercial activities of the Group and to strengthen and further
diversify its capital base. 

Comment from Henry Engelhardt, CEO Admiral Group:

'I'm delighted at the successful investor uptake of our inaugural bond
offering and pleased to welcome debt investors to Admiral."

BofA Merrill Lynch acted as sole bookrunner and sole structuring advisor. 

For further information please contact:

Louise O'Shea, Investor Relations 029 20434384

Louisa Scadden, Communications 029 20434394

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Admiral Group PLC via Globenewswire
HUG#1831271
 
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