AHL Aspen Insurance Holdings Limited Ordinary Shares

Aspen Declares First Quarterly Dividend HAMILTON, Bermuda, March 12 /PRNewswire-FirstCall/ -- Aspen Insurance Holdings Limited today announced that its Board of Directors has declared its initial quarterly cash dividend of $0.03 per common share payable on March 31, 2004 to shareholders of record at the close of business on March 23, 2004. About Aspen Insurance Holdings Limited Aspen Insurance Holdings Limited was established in June 2002. Aspen is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen's reinsurance segment consists of property reinsurance, casualty reinsurance and specialty reinsurance lines of business. Aspen's insurance segment consists of commercial property insurance and commercial liability insurance lines of business. Aspen's principal existing shareholders include The Blackstone Group, Candover Partners Limited, Wellington Underwriting plc and Credit Suisse First Boston Private Equity. For more information about Aspen, please visit the Company's website at http://www.aspen.bm/. DATASOURCE: Aspen Insurance Holdings Limited CONTACT: Carina Thate or Jason Thompson of The Abernathy MacGregor Group, +1-212-371-5999; or Brian Hudspith of The Maitland Consultancy, +44-20-7379-5151 Web site: http://www.aspen.bm/

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