9 February 2010

                          Brit Insurance Holdings N.V.


Consolidation of share capital of Brit Insurance Holdings N.V. ("Brit
Insurance")

Brit  Insurance today announces  a proposed consolidation  of its share capital,
whereby every four existing ordinary shares of €1.00 will be consolidated into a
new ordinary share of €4.00 (the "Share Consolidation").

The  Share Consolidation, referred to in  a prospectus and circular published in
November  2009 in connection with the establishment of Brit Insurance as the new
holding company of the Brit Insurance group, is subject to shareholder approval.
A  circular will be  published today, setting  out further details  of the Share
Consolidation  and  convening  a  general  meeting  to seek the approval of Brit
Insurance shareholders to the Share Consolidation.

A  copy of  the circular,  including a  notice of  the general  meeting, will be
available at

www.britinsurance.com <

http://www.britinsurance.com/>.



Enquiries

Brit Insurance

Neil Manser, Head of Investor Relations 020 7098 6980



Haggie Financial 020 7417 8989

David Haggie

Peter Rigby

Juliet Tilley



Notes to Editors

The  Group's  operations  comprise  three  strategic business units: Brit Global
Markets,  Brit  Reinsurance  and  Brit  UK.  All  three  have  access to the two
regulatory  vehicles through  which Brit  Insurance underwrites:  Brit Insurance
Limited  which is  a UK  FSA regulated  insurance company  and Lloyd's syndicate
2987 which  is  managed  by  Brit  Syndicates  Limited.  Brit  Insurance  has UK
underwriting  offices in  London, Reading,  Birmingham, Bristol, Glasgow, Leeds,
Darlington, Belfast and Manchester.



[HUG#1381856]