Orascom Inv Regulatory News (OIH)

Omega Insurance Holdings Limited

10 September 2010

OMEGA INSURANCE HOLDINGS LIMITED

Purchase of shares by Directors

John Coldman, Chairman of Omega Insurance Holdings Limited (the "Company"), disclosed to the Company on 9 September 2010 that, on that date, he acquired 1,125,000 common shares of US$0.10 each in the Company at a price of 88p per share, representing 0.46% of the Company's issued share capital as at 9 September 2010.

Following the above share purchase, John Coldman is now the registered holder of 1,125,000 common shares of US$0.10 each in the share capital of the Company, representing 0.46% of the Company's present issued share capital.

In addition, Richard Pexton, Chief Executive Officer of the Company, disclosed to the Company on 9 September 2010 that, on that date, he acquired 225,000 common shares of US$0.10 each in the Company at a price of 88p per share, representing 0.09% of the Company's present issued share capital.

Following the above share purchase, Richard Pexton is now the registered holder of 232,997 common shares of US$0.10 each in the share capital of the Company, representing 0.10% of the Company's present issued share capital, and continues to hold options over 2,500,000 common shares of US$0.10.

Enquiries:

David Haggie or Juliet Tilley

Haggie Financial +44 (0)20 7417 8989

Omega Insurance Holdings Limited

Melanie Saunders, Company Secretary +1 441 294 6610

Jeremy Gorman, Assistant Company Secretary +44 (0)20 7935 0027