GOS Goshawk Ins.Hds

    GOSHAWK INSURANCE HOLDINGS PLC (the "Company")

The Company announces the results of a resolution passed at a General Meeting
of the Company held on 17 July 2008, as follows:

The following resolution was put to the meeting as an ordinary resolution and
passed on a show of hands:

THAT, the GoshawK Insurance Holdings plc ("GIH") and Rosemont Reinsurance Ltd
("RRe") "GIH Group Bonus Plan 2006" (a copy of which will be made available for
inspection prior to the meeting) be and is hereby amended as follows:

 a. the following definition of "General Offer" be inserted alphabetically in
    clause 1.1:
   
"General Offer" means an offer for the entire issued share capital of GIH which
has been declared or becomes wholly unconditional or the completion of the sale
of the entire issued share capital of RRe or GoshawK Holdings (Bermuda)
Limited;";

 b. the existing definition of "NAV Increase" in clause 1.1 be substituted with
    the following:
   
"NAV Increase" means (A+B-E) - (C+D), where:

A = either (i) the net asset value of the Group, as set out in the annual
audited consolidated accounts of the Group as at 31 December of the financial
year in respect of which the NAV Increase is being calculated, and shall
include any distributable profit of GIH to the extent that the same has been
distributed or declared for distribution and is reflected in the audited
consolidated accounts of the Group as at that date; or (ii) in the event that
an offer has been made for the entire issued share capital of GIH which has
been declared or become totally unconditional, the total amount receivable by
shareholders pursuant to such offer;

B = the aggregate of any amounts distributed to its shareholders by GIH to the
extent not included in A;

C = the net asset value of GIH as stated within the audited consolidated
accounts for the Group as at 31 December, 2005;

D = the net proceeds of the rights issue of GIH effected in September and
October 2006; and

E = zero, when calculating the NAV Increase following a General Offer and, in
all other cases, equals the net asset value of RRe as at 31 December of the
financial year in respect of which the NAV Increase is being calculated, as set
out in its annual regulatory return to the Bermuda Monetary Authority;";

 c. the words "Subject to clause 3.6," be inserted at the beginning of clause
    3.4;
   
 d. clause 3.5 be substituted for the following:
   
"The R&I Amount payable in respect of any financial year shall be payable by
GIH and, subject to clauses 3.4 and 3.6, shall be paid as soon as reasonably
practicable after the publication of the audited consolidated accounts of the
Group for that financial year.";

 e. a new clause 3.6 and 3.7 be inserted as follows:
   
"3.6 In the event of an offer for the entire issued share capital of GIH which
has been declared or becomes wholly unconditional, the R&I Amount (if any)
payable as a result thereof shall be paid as soon as reasonably practicable
after such declaration. If, following the completion of the sale of the entire
issued share capital of RRe or GoshawK Holdings (Bermuda) Limited, GIH makes an
interim dividend to its shareholders in excess of (C+D) (where "C" and "D" have
the meanings set out in the definition of "NAV Increase" in clause 1.1) GIH
shall simultaneously pay to the EBS Beneficiaries and PRO (pro rata to their
respective entitlements), as part of the R&I Amount, an amount equal to 0.17647
of such excess amount.

3.7 For the avoidance of doubt, the aggregate of all prior payments of the R&I
Amount (if any) made under this clause 3 shall be deducted from the R&I Amount
payable in respect of any financial year."; and

 f. clause 7 (EGM Approval) be deleted and clause 8 (Governing Law) be
    renumbered accordingly.
   
Proxy votes received on the resolution were:

      For              Against         Discretionary          Withheld       
                                                                             
  132,410,590          168,347             1,093               20,000        

In accordance with listing rule 9.6.2, copies of the resolution will be
submitted to the UK Listing Authority, and will shortly be available via the UK
Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel: 020 7066 1000

17 July 2008



END

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