RQIH Ltd : Change of non-executive director

Randall & Quilter Investment Holdings Ltd

Change of non-executive director

3 February 2014

The Board of Randall & Quilter Investment Holdings Ltd ("R&Q") (AIM: RQIH) today announces that Paul McNamara will be retiring as a non-executive director of the Company.  The Board also announces the appointment of Alastair Campbell as a non-executive director to succeed Mr McNamara as Chairman of the Group Audit Committee and member of the Group Remuneration Committee, with immediate effect.

These directorate changes form part of an on-going reorganisation of the group's board following the redomiciliation to Bermuda and further changes are expected to be announced over the coming months.

Alastair Campbell, aged 68 qualified as a Chartered Accountant in 1968.  After qualifying he worked with PKF Littlejohn LLP, becoming a partner in 1970.  Between 1984 and 1998 he acted as the Senior Partner and Chairman of the firm.  Following his retirement in 2010 he has worked as a consultant and expert witness on a number of accounting related projects.  For some 20 years he was a member of the Insurance Industries Sub-Committee of the Institute of Chartered Accountants in England and Wales, which considers all aspects of accounting, auditing and reporting of insurance entities.  He is a member of the Academy of Experts, which promotes high objective standards for experts.

Ken Randall, Chairman and CEO of R&Q: "We would like to thank Paul for his guidance and counsel to the group since becoming a non-executive director in 2007 and we wish him well following his retirement from the board.

We are delighted to welcome Alastair to the R&Q board and look forward to the benefit of his experience as the development of the group continues."

The following information on Alastair Campbell is provided pursuant to AIM Rule 17:

Current Directorships:

27 Roland Gardens Management Limited

Directorships held within the previous five years:

PKF Littlejohn LLP

Save as disclosed above, and in accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules.

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Enquiries to:

Randall & Quilter Investment Holdings Ltdwww.rqih.com

Tom Booth                                                                          Tel: + 1 441 247 8330

Numis Securities Limited

Stuart Skinner/Robert Bruce (Nominated Adviser)             Tel: 020 7260 1000

Charles Farquhar (Broker)                                                  Tel: 020 7260 1000

Shore Capital Stockbrokers Limited

Dru Danford/Stephane Auton                                             Tel: 020 7408 4090

FTI Consulting

Edward Berry / Tom Blackwell                                            Tel: 020 7269 7297

Notes to Editors:

About R&Q

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:

·     Insurance Investments;

·     Insurance Services; and

·     Underwriting Management

The Group:

·     provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address problematic run-off issues.

·     has a team of up to 350 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

·     has a current portfolio of 14 insurance companies and captives in run-off (from the UK, US and Continental Europe) with net assets of c.£96.4m as at 30 June 2013

·     owns a Bermuda Class 3A insurance company which currently supports the Group's four syndicate participations;

·     has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £150m for 2014, provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 3 MGA business units; and

·     acquires and manages a portfolio of insurance receivables, with a carrying cost of c. £8.9m as at 30 June 2013;

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer and Deputy Group Chief Executive.