RNS Number:4788U
BRIT Insurance Holdings PLC
21 January 2004


Press Release
For immediate Release
21 January 2004






                          Brit Insurance Holdings PLC


The Board of Brit Insurance Holdings PLC ("Brit") announces that it has
initiated the process to effect a capital reorganisation.  The success of this
process will be subject to a number of conditions including the approval of the
High Court and Brit's shareholders.


The nature of any such reorganisation would be to reduce the share premium
account and to create distributable reserves.  This would remove the technical
impediments to the timing of the resumption of dividend payment for the 2004
year.


There will be an update when we announce our final results on 2 March 2004.





Enquiries:


Neil Eckert, CEO Brit Insurance Holdings PLC                      020 7984 8500


Paul Gildersleeves, Numis Securities                              020 7776 1583


David Haggie/Peter Rigby, Haggie Financial                        020 7417 8989








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