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RAM Holdings Ltd. Announces Supplement to 2011 Proxy Statement
HAMILTON, Bermuda – 22 September, 2011 - RAM Holdings Ltd. (the “Company”; BSX: RAMR.BH; Pink Sheets: RAMR.PK) today announced a supplement to its 2011 Proxy Statement dated August 19, 2011 relating to RAM’s 2011 Annual General Meeting of shareholders to be held on Wednesday September 28, 2011. The Proxy Statement inadvertently referenced in its risk factor “Potential Anti-Takeover Effect; Possible Dilution” in respect of Proposal 1 an increase in the unissued shares as a potential risk factor of the consolidation. Reference should properly be made to the increase of the proportion of issued to unissued common shares as a consequence of the consolidation. Following consolidation, the number of issued common shares will decrease from 27,373,509 to 2,737,351 as stated in the Proxy Statement and the number of unissued common shares will remain as 62,626,491, thereby increasing the proportion of the number of unissued to issued common shares. The risk factor should be construed accordingly.
Except as amended by the Supplement, all information set forth in the Proxy Statement remains unchanged. Please note that the Supplement does not change the proposals to be acted upon at the Annual General Meeting, which are described in the Proxy Statement.
Source: RAM Holdings Ltd.
Attention: David Steel
Telephone: 441-296-6501 Email: info@ramre.bm