CATCo Reinsurance Opportunities Fund ( “") Net Asset Valu : CATCo Reinsurance Opportunities Fund Ltd. (the “Company") Net Asset Value

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CATCo Reinsurance Opportunities Fund Ltd. (the "Company") Net Asset Value

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

Net Asset Value

Hamilton, Bermuda: 22^nd,July 2022- In a filing with the Bermuda Stock Exchange CATCo Reinsurance Opportunities Fund Ltd. (the "Company"; Ticker: CAT.BH), announces the unaudited Net Asset Value ("NAV") of the Company's Ordinary Shares and C Shares. The full filing stated:

22 July2022

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

Net Asset Value

April 2022 Net Asset Values

Markel CATCo Investment Management Ltd., the Company's Investment Manager, announces the following unaudited Net Asset Value ("NAV") of the Company's Ordinary Shares and C Shares as at the close of business on 30 April 2022.

Ordinary Shares

· Total NAV (USD): $3,986,384· NAV per Share of $2.6698 (based on the number of Ordinary Shares in issue post the partial compulsory redemption of shares, as announced on 7^th April 2022)

The increase in the April NAV was due to favourable loss reserve development in relation to the underlying Side Pocket Investments from the 2017-2019 underwriting years.

C Shares

· Total NAV (USD): $8,606,248· NAV per Share of $10.3394 (based on the number of Ordinary Shares in issue post the partial compulsory redemption of shares, as announced on 7^th April 2022)

The increase in the April NAV was due to favourable loss reserve development in relation to the underlying Side Pocket Investments from the 2018-2019 underwriting years.

For further information:
Markel CATCo Investment Management Ltd. Judith Wynne General Counsel Telephone: [phone] Email: [e-mail] Mark Way Chief of Investor Marketing Telephone: [phone] Email:[e-mail]	Numis Securities Limited David Benda / Hugh Jonathan Telephone: [phone]

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