Issue of Equity + TVR

19 June 2014

Gable Holdings Inc.

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

Issue of Equity

Total Voting Rights

Gable announces that it has agreed to issue 255,000 new ordinary shares of 0.25p each following the exercise of employee share options. Application has been made for the 255,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on Wednesday 25 June 2014 ("Admission"). The new ordinary shares will represent 0.19% of the enlarged share capital and will rank equally with all other ordinary shares currently in issue.

In accordance with the FCA's Disclosure and Transparency Rules, the Company wishes to notify the market of the following:-

Following Admission the Company's total issued share capital will consist of 135,319,833 ordinary shares, all with voting rights. No ordinary shares were held in treasury at the date of this announcement. The total number of current voting rights in the Company therefore will be 135,319,833.

The figure of 135,319,833 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in the Company.

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.