In the HIGH COURT OF JUSTICE (BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES)

COMPANIES COURT (ChD) No CR-2018-003854 of 2018

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(the "Applicants")

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NOTICE IS HEREBY GIVEN that on 3 September 2018 the Applicants made an application to the High Court of Justice in England and Wales (the "Court") (the "Application") pursuant to Part VII of the Financial Services and Markets Act 2000 (the "Act") for an order under section 111 and 112 and 112A of the Act sanctioning an insurance business transfer scheme (the "Scheme") for the transfer of the entire Spanish and Italian general insurance business written by Admiral Insurance Company Limited ("AICL") to a Spanish insurance company called Admiral Europe Compañía de Seguros S.A. ("AECS") (the "Transfer"). The transferring business consists of mainly retail motor insurance policies where the risks are situated in Spain and Italy. The Transfer does not include any insurance business written by AICL where the risk is situated in the United Kingdom, Germany or France.

Copies of a report on the terms of the Scheme prepared by an independent expert in accordance with section 109 of the Act (the "Scheme Report") and copies of a statement setting out the terms of the Scheme and containing a summary of the Scheme Report (the "Scheme Summary") may be obtained free of charge by contacting AICL in writing at Business Transfer Team, Admiral Insurance Company Limited, Ty Admiral, David Street, Cardiff CF10 2EH or by telephone on 0800 230 0633 (between Monday and Friday from 9:00 a.m. to 5:00 p.m.) from the date of publication of this notice until the date on which the Application will be heard before the Court. Copies of the Scheme Report, Scheme Summary, other related documents and information on the Transfer will also be available on Admiral's website at https://admiralgroup.co.uk/our-business/corporate-governance/european-business-transfer-2018.

The Application will be heard at the Rolls Building, 7 Rolls Building, Fetter Lane, London EC4A 1NL on 17 December 2018. Any person who believes that he or she would be adversely affected by the Transfer is entitled to be make representations to the court (in person or by a legal representative) at the hearing of the Application on 17 December 2018 and/or is entitled to make written representations to AICL up to the date of the hearing. Any person who intends to appear, and any person who would like to raise any concern, representation or objection in relation to the Scheme but who does not intend to appear, is asked (but is not required) to give notice in writing to AICL as soon as possible and preferably before 6 December 2018 of such intention or concern, representation or objection, at the following address: Business Transfer Team, Admiral Insurance Company Limited, Ty Admiral, David Street, Cardiff CF10 2EH or at TransferTeam@admiralgroup.co.uk, or by telephone at the number above.

Dated: 20 September 2018