Scottish Re Group Limited Announces Meeting Date and Record Date for Extraordinary General Meeting of Shareholders

HAMILTON, Bermuda--()--Scottish Re Group Limited ("Scottish Re" or the "Company") (Pink Sheets:SKRRF) announced today that the Board of Directors of the Company has established June 8, 2011 as the date of the Extraordinary General Meeting of Shareholders to consider the proposed merger announced on April 15, 2011. The meeting will take place at 9:00 a.m. Bermuda Time at the Fairmont Hamilton Princess Hotel, 76 Pitts Bay Road, Pembroke HM 11 Hamilton, Bermuda HMCX. In addition, the Company announced that its Board of Directors has established May 4, 2011 as the record date for determining shareholders entitled to notice of and to vote at the meeting.

Scottish Re will be preparing and sending to shareholders of record as of May 4, 2011 a notice of the extraordinary general meeting and a proxy statement containing more detailed information regarding the meeting and the proposed merger.

About Scottish Re

Scottish Re Group Limited is a global life reinsurance specialist, with operating businesses in Bermuda, Ireland, and the United States. Its operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd., Scottish Re (Dublin) Limited, and Scottish Re (U.S.), Inc. Additional information about Scottish Re Group Limited can be obtained from its web site, www.scottishre.com.

Contacts

Scottish Re
Media and Investor Contact:
Dan Roth, 441-298-4373
Chief Financial Officer

Contacts

Scottish Re
Media and Investor Contact:
Dan Roth, 441-298-4373
Chief Financial Officer