Admiral Group plc 16 October 2009 Interim Management Statement

We continue to remain focussed on maintaining the quality of our business.” Highlights Group turnover* Q1 2011 increased by 56% to £539 million Group vehicle count increased 33% to

These arrangements maintain Admiral’s use of both short- and long-term reinsurance as part of its low risk, low capital approach to car insurance underwriting.” Group highlights

Independent review report to Admiral Group plc Introduction We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial

Group turnover* Q1 2010 increased by 28% to £345 million Group vehicle count increased 20% to 2.22 million UK ancillary contribution per vehicle showed a modest improvement versus

Group turnover* year to date increased by 18% v Q1 2008 to £270m Number of customers increased 18% to 1.85m UK vehicles insured rose 16% to 1.67m UK ancillary contribution per

Independent review report to Admiral Group plc Introduction We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial

ADMIRAL GROUP PLC 2008 INTERIM FINANCIAL STATEMENTS Independent review report to Admiral Group plc Introduction We have been engaged by the company to review the condensed set

That the Directors be generally and unconditionally authorised pursuant to Section 801 of the Companies Act 1985 the “Act” to exercise all the powers of the Company to allot