Directorate Change

CATCo Reinsurance Opportunities Fund Ltd. (the "Company")

Directorate change

The Board of Directors of the Company (the "Board") wish to announce that Alastair Barbour, a non-executive Director of the Company and Chairman of its Audit Committee, has indicated his intention to retire from the Board towards the end of 2019. The exact date of his retirement will be announced in due course.

As a result of Mr Barbour's forthcoming appointment as non-executive Chairman of Liontrust Asset Management PLC, which is expected to become effective in late September 2019, and which was announced on 21 November 2018, and in view of the other non-executive directorships held by Mr Barbour, he has concluded that it is appropriate to reduce the number of directorships held by him in order to be able to dedicate the appropriate amount of time to his remaining commitments.

The appointment of a successor to Mr Barbour is under consideration by the Board and is expected to be announced by the date of Mr Barbour's retirement.

-End-

For further information:

Judith Wynne

General Counsel

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9005

Email: judith.wynne@markelcatco.com

Mark Way

Chief of Investor Marketing

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9001

Email: mark.way@markelcatco.com

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000