Blue Capital Global Reinsurance Fnd

Blue Capital Global Reinsurance Fund Limited

April 1, 2015

Blue Capital Global Reinsurance Fund Limited (the "Company")

Re: Montpelier Re Holdings Ltd.

The Board of the Company notes that Montpelier Re Holdings Ltd., the parent company of Blue Capital Management Ltd., the Company's investment manager, announced on 31 March 2015 that it has entered into a definitive merger agreement pursuant to which it will be acquired by Endurance Specialty Holdings Ltd. (subject to the satisfaction of certain conditions).

For further information please contact:

William Pollett

President and CEO, Blue Capital Management Ltd.

+1 441-299-7576

bill.pollett@bluecapital.bm


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