Directorate Change and Netherlands First Product

24 September 2013

Gable Holdings Inc.

("Gable", "the Company" or "the Group")

Board and Management Appointments

Launch of First Product in the Netherlands

Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces the appointment of Michael Hirschfield, BSc (Econ), FCA to the Board as Group Finance Director and announces the launch of its first product in the Netherlands.

Board and Management Appointments

Gable is pleased to announce the appointment of Michael Brian Victor ('Mike') Hirschfield (49), to the Board as Group Finance Director with immediate effect. Mike is a Director of Kitwell Consultants Limited which has been the Company Secretary to Gable Holdings since its incorporation in 2005 and has extensive experience working as a public company director. Mike qualified as a chartered accountant with Peat Marwick in 1988, becoming a Fellow in 2001, having previously gained an honours degree in Economics at the London School of Economics and Political Science. Mike is also a Director of the following companies: Tri-Star Resources plc, Sirius Petroleum plc, Tri-Star Trading Limited, Gulbenkian Oil Limited, Ponting Oil Limited, CloudTag Inc., CloudTag Active Limited, and Universe Development Limited. Mike has been a director of the following companies during the past five years: Mentum Services Limited, Mar City plc, Corvus Capital Inc., Bluearth Capital Limited and Bluelease Limited. Mike has a beneficial interest in 375,000 ordinary shares in Gable through Kitwell Consultants Limited and holds warrants over 2 million shares as set out in the 2012 Report and Accounts.

Gable also announces the appointment of David Coles (41), as Group Financial Controller working alongside Mike Hirschfield and the financial team based in Gable's European HQ in Vaduz, Liechtenstein, which includes recent new appointment, Ingrid Boldt as insurance accountant, who has over 25 years' experience in the sector. David has over 18 years' experience in the insurance industry. He trained in PwC's insurance audit practice in London before moving into investment banking with Morgan Stanley, BNP Paribas and boutique corporate finance advisors. More recently he was head of corporate development at Amlin plc and Omega Insurance Holdings. He holds an MBA from the University of Chicago, a bachelors degree in economics and politics from the University of Bath and is a fellow of the Institute of Chartered Accountants. The enlarged team will provide a strong senior accounting executive in this period of accelerated growth of the Company.

In addition, the Company has identified a candidate for the position of an additional Non-Executive Director and will make further announcements in due course.

There are no other disclosures required in relation to Schedule 2 paragraph g of the AIM Rules for Companies.

First Product Launched in the Netherlands

Gable has agreed with independent Rotterdam-based broker C.A. van Eijk and Zoon, to provide a programme of standard material damage insurance for a selected range of clients in various niche areas in the Netherlands. It is anticipated that pro-rata annualised gross written premium from this programme will be Euro 10 million.

C.A. van Eijk and Zoon was established in 1870 in the Netherlands as an independent insurance broker to a wide range of domestic and international clients based in the Netherlands via its network of retail brokers.

Commenting, William Dewsall, Chief Executive, said:

"The appointment of Mike and David brings a wealth of additional City and insurance experience to Gable at a time of accelerated growth in the business and they will be working together with our existing accounting team based in Gable's European HQ in Lichtenstein.

"We are delighted to announce our first product in the Netherlands where we are working with C.A. van Eijk and Zoon which is a long established and highly respected broker based in Rotterdam serving the commercial market in the Netherlands."

Ends.

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About Gable Holdings Inc.

Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in Denmark, France, Germany, Italy, Netherlands, Norway, Spain and the UK. Gable benefits from a low-cost online underwriting platform and the Company has continued to successfully grow its business geographically whilst simultaneously exploiting a range of niche insurance segments which exist across the EU, which is delivered through the EU passporting mechanism. Gable is quoted on the London Stock Exchange's AIM market. For further information please visit: www.gableholdings.com.