Management Change

6 September 2012

Gable Holdings Inc

("Gable" or "the Company")

Management Change

Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces that with immediate effect Michael Hirschfield, BSc (Econ) FCA, and a Director of Kitwell Consultants, company secretary to Gable Holdings Inc. since its incorporation, now heads the Group Finance operations of the Company. Mike was a founding member of Gable and he is an experienced public company director with particular expertise working with growth companies.

This service was previously provided by Mr Peter Williams on a consultancy basis and he is no longer working with the Company.

Commenting, William Dewsall, Chief Executive, said:

"We are delighted that Mike will be overseeing the Group finance operations working with our UK and European teams at an important time of growth for Gable as we benefit from a broader product portfolio and we continue to build the Company's commercial reach across additional countries in Europe."

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About Gable Holdings Inc

Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in the UK, France, Germany, Norway and Spain. Gable benefits from a low-cost online underwriting platform and the Company has continued to successfully grow its business geographically whilst simultaneously exploiting a range of niche insurance segments which exist across the EU.

Gable Holdings Inc is quoted on the London Stock Exchange's AIM market (ticker: GAH.L GAH.LN). For further information please visit www.gableholdings.com.