Net Asset Value(s)

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

Net Asset Value

CATCo Investment Management Ltd, as Company Secretary, announces the unaudited net asset value of the Company's Ordinary Shares of $0.9194 as at the close of business on 31 January 2013. This includes a declared dividend, subject to shareholder approval at the forthcoming Annual General Meeting, of $0.05006 per ordinary share.

For comparison purposes only, the net asset value excluding the accrued dividend at 31 January 2013 would equate to $0.9695. This represents a total return of 1.35% for the month of January.

For further information, please contact:

Mark Way

Corporate Communications Director

CATCo Investment Management Ltd

Telephone: +44 7786 116991

Email: mark.way@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

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