RNS Number:2131I
Kiln PLC
03 March 2003

Kiln plc



                    Syndicate results and updated forecasts



R J Kiln & Co Limited, a leading Lloyd's managing agency, has today published
the results for its managed syndicates for the 2000 year of account and
forecasts for the 2001 and 2002 years of account.



2000 account results and 2001 account forecasts



The results and forecasts set out below take into account all managing agency
and Lloyd's charges.


2000 Account         Capacity                        Result (% of          Previous forecast as at
                                                     Capacity)             September 2002

Syndicate 510        #231m                           (3.6)                 (1.0) to (6.0)

Syndicate 557        #31m                            18.1                  25.0 to 20.0
Syndicate 807        #45m                            (4.9)                 (4.0) to (9.0)
Syndicate 308        #3m                             (9.0)                 (7.4) to (9.4)
Syndicate 1204       #18m                            (28.9)                (25.0) to (30.0)



2001 Account         Capacity Range                  Forecast Range (% of   Previous forecast as at
                                                     Capacity)              September 2002


Syndicate 510        #266m                           2.5 to (2.5)           3.5 to (1.5)
Syndicate 557        #31m                            (41.0) to (51.0)       (46.0) to (56.0)
Syndicate 807        #45m                            8.5 to 3.5             7.4 to 2.4
Syndicate 308        #3m                             9.0 to 6.0             6.9 to 3.9
Syndicate 1204       #23m                            (18.0) to (33.0)       (15.5) to (30.5)





The management of syndicate 1204 was assumed by Kiln in late 2001 and Kiln is
only responsible for the 2000 account onwards.



The 2000 year of account results are subject to audit.



2002 year of account forecasts



Kiln has also published initial estimates for its 2002 year of account. In the
light of the large amounts of premiums yet to be earned for the year, these
figures should be regarded as preliminary only and are subject to no significant
catastrophes or other adverse developments occurring which may have a
detrimental impact on the Kiln portfolio.








2002 Account          Capacity Range                  Forecast Range (% of
                                                      Capacity)

Syndicate 510         #388m                           17.5 to 10.0
Syndicate 557         #47m                            30.0 to 15.0
Syndicate 807         #63m                            17.5 to 10.0
Syndicate 308         #4m                             5.0 to 0.0
Syndicate 1204        #28m                            10.0 to (10.0)



These forecasts are pure year only and are based on the following pure year
assumptions:



  * Ultimate net claims settlements have been estimated on the basis of paid
    and known outstanding claims as at 31 December 2002, together with an
    assessment of future claims settlements derived, where appropriate, from
    projections based on previous claims history on the assumption that past
    experience is a reliable indicator of future developments.



  * There will be no further abnormally large claims or aggregation of claims
    arising from catastrophe events or other causes.



  * There will be no significant deviation from projected cash flow patterns
    or in investment income forecasts.



  * All Lloyd's years of account will be closed under standard Lloyd's
    accounting procedures.



  * Exchange rates will not differ significantly from those at 31 December
    2002.



Edward Creasy, Chief Executive, Kiln plc, commented:



"Early indications for the 2002 account show that we will achieve excellent
profit levels on record capacity.  This is very encouraging for the future.  We
are pleased that there has been no significant deterioration in our 2000/2001
forecasts.



With a further 21% in capacity secured for 2003, prospects for the year ahead
are currently strong."



                                                                    3 March 2003


Enquires:

Kiln                                             Tel: 020 7886 9000

Edward Creasy, Chief Executive Office
Roy Butler, Finance Director

College Hill                                     Tel: 020 7457 2020

James Henderson




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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