Syndicate Forecasts

RNS Number:3262S
Kiln PLC
21 November 2003

                                   KILN PLC
                              Syndicate Forecasts

   Kiln secures target capacity for 2004 and announces improved forecast for
                             Syndicate 510 in 2001


R J Kiln & Co Limited (Kiln), a leading Lloyd's managing agency owned by Kiln
plc, today announces capacity figures for 2004 and improving forecasts for the
2001 and 2002 years of account. Kiln's flagship syndicate 510 has maintained its
profitability for 2002 and improved its profit forecast for the 2001 year of
account.

The Group has also achieved its target of securing #680 million of capacity
under management for the Lloyd's Year of Account 2004 (2003: #660 million). This
builds on the significant increase in capacity last year and reflects ongoing
good trading conditions.

2003 underwriting conditions remain strong, and Kiln intends to publish its
initial estimate of the 2003 Year of Account at the closure of the next quarter.
Kiln's corporate vehicle, Kiln Underwriting Limited (KUL), has increased its net
involvement in the managed syndicates to #229 million in 2004, up from #214
million in 2003.

Kiln has also recently updated its 2001 and 2002 forecasts for its managed
syndicates. These are set out below:

                                                      Forecast
                                                   (% of capacity         Previous forecast
2002 Year of Account             Capacity         as at Sept 2003)         as at June 2003

Syndicate 510                      #388m            18.5 to 13.5             18.5 to 13.5
Syndicate 557                      #47m             39.0 to 34.0            35.75 to 30.75
Syndicate 807                      #63m             20.0 to 15.0             20.0 to 15.0
Syndicate 308                       #4m             10.5 to 7.5               6.0 to 3.0
Syndicate 1204                     #28m             6.5 to (8.5)             9.0 to (6.0)


                                                      Forecast
                                                (% of capacity as at   Previous forecast as at
                                                     Sept 2003)               June 2003
2001 Year of Account             Capacity

Syndicate 510                      #266m             5.0 to 0.0             3.25 to (1.75)
Syndicate 557                      #31m           (35.0) to (40.0)         (38.5) to (43.5)
Syndicate 807                      #45m              8.2 to 3.2               8.5 to 3.5
Syndicate 308                       #3m              9.0 to 6.0               7.0 to 4.0
Syndicate 1204                     #23m           (27.5) to (32.5)         (26.5) to (31.5)



Edward Creasy, Chief Executive Officer of Kiln plc said:

"Over the last two years Kiln has successfully exploited the strong trading
conditions which are reflected in our improving syndicate forecasts. The 2001
improvements are particularly encouraging. We continue to be confident for the
year ahead and have maintained our high capacity level accordingly."



                                                                21 November 2003



ENQUIRIES:

Kiln                                                  Tel: [phone]
Edward Creasy, Chief Executive Officer
Kate Rogers, Head of Corporate Communications

College Hill                                          Tel: [phone]
James Henderson



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