New Business - UK

17 July 2014

Gable Holdings Inc.

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

New Business - UK SME market

Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces a new agreement with RiskAlliance Group, the UK commercial insurance broker, writing commercial combined business for the UK SME market.

Policies are designed to provide cover over a 12 month period and Gable will commence writing business immediately which is anticipated to deliver gross written premiums in the region of £10.0 million pro-rata per annum.

RiskAlliance Group has a wide range of commercial customers and offers the full spectrum of insurance products. In particular, its SME division based in St Albans has a rapidly growing customer base in the UK restaurant and takeaway markets. It directly employs a number of staff who speak several languages including: Urdu, Mandarin, Cantonese, Hindi and other Asian languages enabling the business contacts to develop strong connections with their customers where English is not necessarily their first language.

William Dewsall, Chief Executive, Gable, said:

"We are delighted to be working with RiskAlliance as we continue to grow Gable's presence in the UK SME market providing a range of products which benefit from our highly efficient platform and excellent service levels to our customers."

Stan Kaznowski, Chief Executive of RiskAlliance, commented: "We are delighted to have entered into a long term agreement with Gable where we see a compatible business philosophy with a strong customer culture. Gable's facilities will enable our Group to continue to provide highly competitive products to our growing customer base."

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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, the Netherlands, Norway, Spain, Sweden 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. Gable Holdings Inc. is quoted on the London Stock Exchange's AIM market (ticker: GAH.L GAH.LN). For further information please visit www.gableholdings.com.

About RiskAlliance Group

RiskAlliance Group was established in 2007 and operates as a commercial insurance broker throughout the UK, looking after both retail and wholesale customers. Risk Alliance Group has over eighty employees and operates from four offices.