TIDMCAT

RNS Number : 5265J

CATCo Reinsurance Opps Fund Ltd

08 August 2012

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

Conversion of C Shares

 
 To: SFM, London Stock Exchange    Date: 8 August 2012 
  and the Bermuda Stock Exchange

The Board wishes to announce that the CATCo Diversified Fund in which the Company invests has closed its side pocket associated with the NZ and Japan Exposures by way of the compulsory redemption of the shares issued in respect of such side pocket, including those held by the Company, on 1 August 2012. As described in the Prospectus, this triggers the Conversion of C Shares into Ordinary Shares.

In accordance with the terms of the C Shares, the Calculation Time for the conversion of C Shares into Ordinary Shares is today, 8 August 2012 and, as a result, the conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at close of business today.

Expected timetable

 
 Conversion Ratio announced           10 August 2012 
 Record date for Conversion           10 August 2012 
  and C Share register closes 
 Dealings in new Ordinary Shares      13 August 2012 
  commence 
 Crediting of CREST accounts          13 August 2012 
  with new Ordinary Shares 
 Share certificates in respect        Week commencing 13 August 2012 
  of new Ordinary Shares despatched

Defined words and terms used in this announcement shall have the same meaning as ascribed to them in the Company's prospectus dated 18 May 2012 (the "Prospectus"). Further details of the conversion and rights attaching to the C Shares are set out in the Prospectus.

-Ends-

For further information, please contact:

Jason Bibb, Director/Michael Toyer, Head of Investment Operations

CATCo Investment Management Ltd

Telephone: +1 441 531 2227

Email: jason.bibb@catcoim.com

Email: michael.toyer@catcoim.com

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0)20 7260 1000

This information is provided by RNS

The company news service from the London Stock Exchange

END

CONLLFSTTAIDIIF

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