Blue Capital Global Reinsurance Fund : Results of Special General Meeting

Blue Capital Global Reinsurance Fund Limited (the 'Company') (Ticker: 'BCGR')

November 28, 2016

Results of Special General Meeting

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

The Company is pleased to announce that at its Special General Meeting of the Company held today all of the resolutions that were presented to shareholders were duly approved.

Details of the votes validly cast are set out below:

Ordinary Resolutions	For		Against		Withheld*
	Number	%	Number	%	Number
1. THAT, conditional upon the passing of Ordinary Resolution 2 and without prejudice to any subsisting authorities in relation to the repurchase of Ordinary Shares by the Company, the Tender Offer, on and subject to the terms and conditions set out in the Circular, be and is hereby approved and the Company is hereby authorised to take any action or execute any document to give effect to the Tender Offer.	104,527,034	99.99	9,196	0.01	50,005,531
2. THAT, pursuant to bye-law 61 of the Bye-Laws existing at the time of this resolution, the Bye-Laws set out in the printed document produced to the meeting marked 'A' and initialled for the purpose of identification by the Chairman, and which were appended to the Circular, be and are hereby adopted as the Bye-Laws of the Company in substitution for and to the exclusion of the Bye-Laws.	154,526,934	99.99	9,196	0.01	5,631

The full text of the resolutions may be found in the circular published 4 November 2016 (the 'Circular'), a copy of which is available on the Company's website http://ir-bcgr.bluecapital.bm.

* A Vote Withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution.

For further information please contact:

Adam Szakmary, Chief Executive Officer [phone]

Blue Capital Management Ltd

[e-mail]