Response to Haverford announcement

27 September 2011

Response to Haverford (Bermuda) Limited ("HBL") Announcement

The Board of Omega Insurance Holdings Limited ("Omega") notes the announcement today by HBL that it has posted an offer document to Omega shareholders to implement its partial cash offer (the "Offer").

The Omega Board continues to believe that it is in the best interests of Omega for the HBL Offer to be put to Omega shareholders. The Board wishes to draw certain matters to Omega shareholders' attention. 

HBL states in its offer document that the Offer is expected to become effective towards the end of the fourth quarter 2011, subject to the satisfaction of the conditions of the offer including receipt of regulatory consents. The first closing date for the offer shall be 30 November 2011 or such other date, not being earlier than 19 October 2011, as HBL may announce. HBL will announce any change to the first closing date at least seven days in advance of such date. Tenders will be accepted according to the number of shares tendered and the price at which they are tendered and not according to the date when the tender is submitted. 

Shareholders' attention is also drawn to the announcements by Canopius Group Limited on 13 September 2011 and 27 September 2011 and the announcement by Barbican Group Holdings Limited on 22 September 2011.

Contacts:

Kinmont Tel: +44 (0)20 7087 9100

John O'Malley

Mat Thackery

Cenkos Tel: +44 (0)20 7382 7800

Ian Soanes

Haggie Financial Tel: +44 (0)20 7417 8989

David Haggie

Juliet Tilley

Notes to Editors

Omega is incorporated and its registered office is in Bermuda. Accordingly, Omega is not subject to the provisions of The City Code on Takeovers and Mergers (the "Code").

Omega confirms that as at the close of business on 26 September 2011 its issued share capital consisted of 244,229,862 common shares of US$0.10 each.

The International Securities Identification Number for Omega common shares is BMG6765P1095.