Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 Alastair Barbour

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

CATCo Reinsurance Oportunities Fund Ltd.

b)

LEI

213800ZPHADRX7G1FB21

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Depositary Interests (Ordinary Shares)

Identification code

BMG1961Q2095

b)

Nature of the transaction

Disposal, not linked to exercise of share options or to the examples set out in Article 19(7) of EU Regulation 596/2014.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.25

19000

d)

Aggregated information

- Aggregated volume

19000

- Price

1.246

e)

Date of the transaction

2017-03-23

f)

Place of the transaction

London

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Depositary Interests (Ordinary Shares)

Identification code

BMG1961Q2095

b)

Nature of the transaction

Acquisition, not linked to exercise of share options or to the examples set out in Article 19(7) of EU Regulation 596/2014.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.25

19000

d)

Aggregated information

- Aggregated volume

19000

- Price

1.248

e)

Date of the transaction

2017-03-23

f)

Place of the transaction

London