Mapfre Middlesea plc - Change in Chairmanship

On 30 December, Middlesea Insurance plc announced that following the completion of the Rights Issue, the Company intends to convene another Extraordinary General Meeting in early 2010 to propose further amendments to the Memorandum and Articles of Association in order to better reflect the new shareholding structure and implement changes in the governance of the Group.

The announcement also revealed that the Executive Chairman, Mr. Mario C. Grech, will not be renewing his position following the expiry of his current contract on 31 December 2009. Subject to regulatory approval Mr. Grech will be replaced by Mr. Joseph F.X. Zahra as non-executive Chairman.

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