CATCo Reinsurance Opportunities Fund Ltd. – NAV Announcement

Hamilton, Bermuda–: 22 August 2019 – In a filing with the Bermuda Stock Exchange CATCo Reinsurance Opportunities Fund Ltd. (the "Company”; Ticker: CAT.BH), announces unaudited net asset value of the Company's Ordinary Shares and C Shares. The full filing stated:

NET ASSET VALUE (“NAV”)

Markel CATCo Investment Management Ltd., as Investment Manager (the “Manager”), announces the unaudited net asset value of the Company's Ordinary Shares and C Shares of $0.2764 and $0.5170 respectively, as at the close of business on 31 July 2019.

The NAV is inclusive of an attritional loss reserve of approximately 15bps per month (year-to-date: 105bps).