RQIH.L Regulatory News (RQIH)

Randall & Quilter Investment Holdings plc

Acquisition

11 January 2013

Randall & Quilter Investment Holdings plc ("R&Q" or the "Group") is pleased to announce that it has completed the acquisition of the entire issued share capital of Hickson Insurance Limited ("HIL"), an Isle of Man domiciled captive insurer, from the owner Hickson Investments Limited (an affiliate of the Lonza Group).

HIL has been in run-off since 2002 and wrote a mixed book of business from 1988, including Public and Products Liability, Property, General Liability, Marine, Death in Service and Motor Accidental Damage. As at 31 December, 2011, the date of the latest available accounts, there were no longer any insurance reserves, given the maturity of the run-off and cessation of claims notifications. Randall & Quilter purchased the shares for £525,000.

Commenting on today's announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter, said:

"The purchase of HIL further evidences the increasing level of acquisition activity we are seeing as a Group. It also continues to demonstrate our ability to provide attractive exit solutions for captive owners who have put their captives in run-off or are contemplating ceasing writing new business. This will be our first captive acquistion in the Isle of Man."

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Notes to Editors:

Enquiries to:

FTI Consulting

Edward Berry \ Tom Blackwell

Tel: 020 7269 7297 \ 7222

R&Q

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following four core areas:

- Insurance Investments;

- Underwriting Management & Captives;

- Insurance Services.

The Group currently:

- has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

- has a portfolio of 11 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.9m as at 30 June 2012;

- provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates, owns and operates 3 MGAs and has launched Syndicate 1991 to commence underwriting from January 1, 2013 with a Capacity of £77m for 2013.

- acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£8.1m as at 30 June 2012;

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.