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Montpelier Re Holdings Ltd. To Release Fourth Quarter Earnings Results

Hamilton, Bermuda: Jan. 12, 2004 - Montpelier Re Holdings Ltd. (NYSE:MRH) announced today it expects to release its 2003 fourth quarter results on Thursday, February 12th, 2004 after the market closes.Montpelier Re executives will conduct a conference call, including a question and answer period, on Friday, February 13th at 9:00 a.m. Eastern Time.

The presentation will be available via a live audio webcast accessible through the Company's investor section of its website at www.montpelierre.bm. A telephone replay of the conference call will be available through February 20th, 2004 by dialing 888-286-8010 (toll-free) or 617-801-6888 (international) and entering the pass code: 56182101.

Montpelier Re Holdings Ltd., through its operating subsidiary, Montpelier Reinsurance Ltd., is a premier provider of global property and casualty reinsurance and insurance products. Montpelier Reinsurance Ltd. is rated "A" (Excellent) by A.M. Best Company, "A-" (Strong) by Standard & Poor's and "A3" (Good) by Moody's Investors Service.