-------------------------------------------------------------------------------- | | Copenhagen, 11 July 2008 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Tower Group A/S - directed issue The share capital of Tower Group A/S will be increased by 550,736 new shares each bearing a face value of DKK 10. The listing will take effect on 15 July 2008. -------------------------------------------------------------------------------- | ISIN | Name | -------------------------------------------------------------------------------- | DK0011188035 | Tower Group | -------------------------------------------------------------------------------- The capital increase has been registered with the Danish Commerce and Companies Agency. For further information, please see announcements from Tower Group, e.g. announcement of 10July 2008. ISIN: DK0011188035 (VP: 1118803) -------------------------------------------------------------------------------- | Name: | Tower Group | -------------------------------------------------------------------------------- | Volume of shares before issue: | 7,487,089 shares (DKK 74,870,890) | -------------------------------------------------------------------------------- | Change: | 550,736 shares (DKK 5,507,360) | -------------------------------------------------------------------------------- | Volume of shares after change: | 8,037,825 shares (DKK 80,378,250) | -------------------------------------------------------------------------------- | Dividend: | Full for 2008 | -------------------------------------------------------------------------------- | Subscription price: | DKK 115 | -------------------------------------------------------------------------------- | Face value: | DKK 10 | -------------------------------------------------------------------------------- | Short name: | TOWER | -------------------------------------------------------------------------------- | Share type: | AKTIE | -------------------------------------------------------------------------------- For further information, please contact: Helene Gaustad Jeppesen, Surveillance, tel. +45 33 93 33 66