Tower Group hereby announces that the negotiations with the company's banks, mentioned in Company release No. 6 2011, have now resulted in an extension of the standstill agreements until the end of June 2011. Furthermore, the majority shareholder, BXR Tower BV, have made further funds available to the company in the form of an increase of the bridge loan mentioned in Company release No. 6 2011.
Kind regards
Tower Group A/S
Martin Coté
CEO
Questions regarding this release can be directed to Martin Coté, CEO, on tel.: +420 725 716 755.
