Mapfre Middlesea plc - Interim Directors’ Statement

On 15 May 2009 Middlesea Insurance plc issued its Interim Directors’ statement explaining that during the first quarter of 2009 the deterioration in the technical performance of the Italian operation together with the volatility in the capital financial markets continued.  The Directors also stated that other companies in the Group were also negatively affected by the turbulence in the financial capital markets.

The Directors concluded by explaining that since the end of the first quarter of 2009 to date no material events or transactions other than what appears to be a positive sentiment in the local and international capital market have taken place.

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