CATCo Reinsurance Opportunities Fund Ltd. (the “Company") - Net Asset Value

Hamilton, Bermuda–: May 20, 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 $0.3328 and $0.6139 respectively, as at the close of business on 30 April 2019.

The NAV is inclusive of an attritional loss reserve of approximately 15bps per month (year-to-date: 60bps).

For further information:

Judith Wynne

General Counsel

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9005

Email: judith.wynne@markelcatco.com

Mark Way

Chief of Investor Marketing

Markel CATCo Investment Management Ltd.                      

Telephone: +1 441 493 9001

Email: mark.way@markelcatco.com

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000

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For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com. Information is also available at www.bsx.com and on Bloomberg at BSX <GO>. The BSX was founded in 1971 and is the world’s leading fully electronic offshore securities market. The BSX list equities, mutual funds and bonds, depository receipts and derivative warrant securities. The BSX is a full member of the World Federation of Exchanges (WFE) and an affiliate member of IOSCO. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules.