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Montpelier Re Holdings Ltd. To Release Third Quarter Earnings Results

Hamilton, Bermuda: 6th October 2004 - Montpelier Re Holdings Ltd. (NYSE:MRH) announced today it expects to release its 2004 third quarter results on Wednesday, October 27th, 2004 after the market closes.

Montpelier Re executives will conduct a conference call, including a question and answer period, on Thursday, October 28th at 10:00 a.m. Eastern Time.

The presention will be available via a live audio webcast accessible on the Earnings Call page of the Investor Informationsection of the Company's website atwww.montpelierre.bm. A telephone replay of the conferencecall will be available through November 5, 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 andinsurance 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.