THE ARGUS GROUP RESTRUCTURES BALANCE SHEET TO POSITION FOR FUTURE GROWTH

Hamilton, Bermuda, July 23, 2018 – In a filing with the Bermuda Stock Exchange (“BSX”), Argus Group Holdings Limited (the “Group” or the “Argus Group”; Ticker: AGH.BH) announced financial results.  The full filing stated:

Against a backdrop of market uncertainty caused by global change and a low growth Bermuda economy, the Argus Group is today reporting an $18.6 million net loss attributable to shareholders. This was caused by a large number of major medical claims and actions taken to complete the restructure of the Group’s balance sheet.

Alison Hill, Chief Executive Officer of the Argus Group, says: “My job is to deliver long-term sustainable value to shareholders, customers, staff and community. Uncertainty in global geopolitics continues to drive economic challenges around the world. This in turn drives caution from consumers, reduces spending and further exacerbates economic constriction.

The full press release can be found by using the following link:

http://www.bsx.com/CompanyDocuments/113/Argus%20Year-End%20Press%20Release%202018_FINAL.pdf

Notes to Editors

Argus Group Holdings Limited and its subsidiaries, commonly known as the Argus Group, is a multi-line insurance and financial services organisation offering a full range of insurance, pensions and investment products targeted at local and international organisations and individuals. Through its subsidiary Bermuda Life Insurance Company Limited, it is the leader in group health insurance and pension plans in Bermuda.

Certain statements in this release may be deemed to include “forward-looking statements” and are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors including worldwide economic conditions, success in business retention and obtaining new business and other factors.

For further information, visit to www.argus.bm.

Media Contacts:

Alison Hill                                                          Peter Dunkerley

Chief Executive Officer                                      Chief Financial Officer

Telephone:   441 294-5725                                Telephone:   441 298-0566

E-mail: ahill@argus.bm                                    E-mail: pdunkerley@argus.bm

Elizabeth Tee                                                   

Troncossi Public Relations                                           

Telephone:   441 292-5838                                

E-mail: liz@troncossi.bm