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 values of the Company's Ordinary Shares and C Shares of $1.0139 and $1.0493, respectively, as at the close of business on 31 January 2012.

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

Michael Toyer / John Whiley

Prime Management Ltd

Tel: +1 (441) 295 0329

- ends -