Tower Group, capital increase with effect from 6 July 2007


--------------------------------------------------------------------------------
|                                      |               Copenhagen, 3 July 2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Tower Group A/S - directed issue                                                

With effect from 6 July 2007, 479,000 new shares will be admitted to listing in 
the ISIN code below:                                                            

--------------------------------------------------------------------------------
| ISIN                  | Name in official list                                |
--------------------------------------------------------------------------------
| DK0011188035          | Tower Group                                          |
--------------------------------------------------------------------------------

The capital increase has been registered with the Danish Commerce and Companies 
Agency.                                                                         

We refer to the company announcements of 28 and 29 June 2007 and 3 July 2007.   

For further information please contact: Simon Søberg Jørgensen, Surveillance,   
tel.: +45 33 93 33 66
                                                           
ISIN: DK0011188035 (VP: 1118803)                                                

--------------------------------------------------------------------------------
| Name in official list:                | Tower Group                          |
--------------------------------------------------------------------------------
| Volume before change:                 | 5,271,977 shares (DKK 52,719,770)    |
--------------------------------------------------------------------------------
| Change:                               | 479,000 shares (DKK 4,790,000)       |
--------------------------------------------------------------------------------
| Volume after change:                  | 5,750,977 shares (DKK 57,509,770)    |
--------------------------------------------------------------------------------
| First day of listing:                 | 6 July 2007                          |
--------------------------------------------------------------------------------
| Subscription price:                   | DKK 83.50                            |
--------------------------------------------------------------------------------
| Dividend:                             | Full for 2006/2007                   |
--------------------------------------------------------------------------------
| Denomination:                         | DKK 10                               |
--------------------------------------------------------------------------------
| Shortname:                            | TOWER                                |
--------------------------------------------------------------------------------
| Share type:                           | AKTIE                                |
--------------------------------------------------------------------------------


GENERAL INFORMATION                                                             

--------------------------------------------------------------------------------
| Name/bearer:                          | Bearer                               |
--------------------------------------------------------------------------------
| Voting rights on listed capital:      | Full                                 |
--------------------------------------------------------------------------------
| Financial year:                       | 1 July - 30 June                     |
--------------------------------------------------------------------------------
| Unlisted capital after:               | DKK 0                                |
--------------------------------------------------------------------------------
| Capital increase registered:          | Yes                                  |
--------------------------------------------------------------------------------
| Issuing bank:                         | Danske Bank A/S                      |
--------------------------------------------------------------------------------
| Trading lot:                          | 100                                  |
--------------------------------------------------------------------------------
| CBR no.:                              | 64 13 84 13                          |
--------------------------------------------------------------------------------
| GICS:                                 | 40 40 30 10                          |
--------------------------------------------------------------------------------
| Type:                                 | 6                                    |
--------------------------------------------------------------------------------

Attachments

tower group - rettet - uk.pdf