Tower Group A/S - reduction of the share capital by reduction of the nominal value per share and due to cancelling own shares


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|                                      |           Copenhagen, 3 February 2010 |
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Tower Group A/S - reduction of the share capital by reduction of the nominal    
value per share and due to cancelling own shares                                

The share capital of the following share will be reduced on NASDAQ OMX          
Copenhagen with effect from 10 February 2010.                                   

On 28 January 2010, the extra ordinary general meeting in Tower Group adopted to
reduce the share capital by reducing the face value per share and to cancel own 
shares.                                                                         

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| ISIN                                  | DK0011188035                         |
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| Name:                                 | Tower Group                          |
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| Volume before reduction:              | 8,037,825 shares each bearing a face |
|                                       | value of DKK 10 (DKK 80,378,250)     |
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| Reduction:                            | DKK 68,321,512.50                    |
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| Volume after reduction:               | 8,037,825 shares each bearing a face |
|                                       | value of DKK 1.50 (DKK               |
|                                       | 12,056,737.50)                       |
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| Change due to cancelling own shares:  | 364,173 shares (DKK 546,259.50)      |
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| Volume after changes:                 | 7,673,652 shares (DKK 11,510,478)    |
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| New face value:                       | DKK 1.50                             |
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| Orderbook Code:                       | TOWER                                |
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| Orderbook ID:                         | 32750                                |
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For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33 
93 33 66

Attachments

tower group - reduction and new face value - february 2010 - uk.pdf