Alliance Re declares dividend

The Board of Directors of Alliance International Reinsurance Public Company Ltd has decided to propose to the Annual General Meeting the payment of a final dividend of 7% on the nominal value of each share, thus CYP 0,007 (EUR0,012) for 2006, which, together with the interim dividend of CYP 0,007 (EUR0,012*) paid in December 2006, brings the total dividend for 2006 to CYP 0,014 (EUR0,024*) per share or 14% on the nominal value of each share.

The cum-dividend date will be on 12 June 2007, while the ex-dividend date will be on 13 June, 2007. As a result, transactions carried out until Friday, 12 June 2007 (inclusive) will be cum-dividend. The final dividend will be paid on 9 July 2007 provided it will be approved by the Annual General Meeting.