Net Asset Value(s)

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

Net Asset Value

Markel CATCo Investment Management Ltd, as Company Secretary, announces the unaudited net asset value of the Company's Ordinary Shares and C Shares of $1.2704 and $0.9800 respectively, as at the close of business on 31 December 2015.

For further information, please contact:

Judith Wynne,

Company Secretary and General Counsel

Markel CATCo Investment Management Ltd

Telephone: +1 441 493 9005

Email: judith.wynne@markelcatco.com

Mark Way

Fund Operations and Investor Relations Director

Markel CATCo Investment Management Ltd

Telephone: +1 441 493 9003

Email: mark.way@markelcatco.com

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000

- ends -