PEMBROKE, Bermuda, May 15, 2018 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) (“James
River” or the “Company”) announced today the closing of the previously announced underwritten secondary public offering of the
Company’s common shares by certain of the Company’s shareholders (the “Selling Shareholders”). The Selling Shareholders sold
an aggregate of 3,297,238 common shares for total net proceeds of $118,700,568. The Selling Shareholders received all of the
net proceeds from this offering. The Company did not sell any common shares in this transaction.
Morgan Stanley acted as the sole underwriter in the offering.
The Company has filed a registration statement, including a prospectus, with the U.S. Securities and Exchange
Commission (the “SEC”) for the offering to which this communication relates, which registration statement is effective. A copy of
the final prospectus supplement relating to the offering was filed with the SEC on May 11, 2018. The offering was made only by
means of a prospectus supplement and the accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the
SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and accompanying prospectus supplement may be obtained from
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. In some cases, such forward-looking statements may be identified by terms such as believe, expect,
seek, may, will, intend, project, anticipate, plan, estimate or similar words. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These
forward-looking statements speak only as of the date of this release and the Company does not undertake any obligation to update or
revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
About the Company
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of
specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance
segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company is headquartered in
Pembroke, Bermuda.
Contact: James River Group Holdings, Ltd. Kevin Copeland 441-278-4573 InvestorRelations@jrgh.net
