Tower Group A/S - transfer to the observation list


Tower Group A/S - transfer to the observation list                              

NASDAQ OMX Copenhagen has transferred the below ISIN code to the observation    
list today:                                                                     

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| ISIN                      | Name                                             |
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| DK0030067004              | 8,5% Tower Group 2012                            |
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The bond has been transferred due to the fact that the company has announced    
that they have decided to investigate the possibilities for additional          
consolidation of the real estate companies, which currently own real estate in  
Germany. The company has established an investigative council consisting of the 
chairman of the board for Griffin III Berlin A/S, Henrik Frisch, and the        
chairman of the board for Tower Group A/S, Jens Erik Christensen.               

For further information, please see the announcement from Tower Group on the 22 
October 2008.

Attachments

tower group- overfrsel uk.doc - obligationer.pdf