Dividend Declaration

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

Declaration of annual dividend

Following Shareholder approval at the Company Annual General Meeting held earlier today, the Board of Directors confirm a final dividend of $0.05006 in respect of the Ordinary Shares. The record date for this dividend was 18 January 2013 and the Ordinary Shares went ex-dividend on 16 January 2013. The final dividend will be paid to shareholders on 27 March 2013.

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For further information, please contact:

Jason Bibb

CATCo Investment Management Ltd

Telephone: +1 (441) 531 2227

Email: jason.bibb@catcoim.com 

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000

John Whiley / Matthew Charleson

Prime Management Ltd

Tel: +1 (441) 295 0329