Highbridge Capital Management LLC: Short Selling Disclosure Admiral Group Plc

Form TR-4. FSA Version 2.0 September 2008

TR-41 Disclosure of Short Position relating to UK Financial :     Sector Company2

1. Full name of person(s)        Highbridge Capital holding the disclosable short    Management, LLC position3:

2: Name of the issuer of the     ADMIRAL GROUP PLC relevant securities

3: Disclosable short position4   -0.35  4. Date that disclosable short   March 18, 2010 position was held

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