SOURCE: Alea Group Holdings (Bermuda) Ltd

August 25, 2006 05:46 ET

Alea Group Holdings (Bermuda) Ltd announces Shareholder Notification

Hamilton, Bermuda -- (MARKET WIRE) -- August 25, 2006 --25 August 2006



                    Notification of Major Interest in Shares

Hamilton, Bermuda - Alea Group Holdings (Bermuda) Ltd ("Alea") announced it had been informed on 11 July 2006 of the ownership by Morgan Stanley Securities Limited of 14,369,336 Alea common shares, representing approximately 8.27% of the issued common share capital of Alea. Alea has 173,710,665 common shares outstanding and has no treasury shares.

Alea stated that it had been informed by Morgan Stanley Securities Limited that this ownership in Alea shares was at the close of business on 10 July, 2006. Alea also received an interim notification on 26 June 2006 that Morgan Stanley Securities Limited owned 13,056,836 shares, representing 7.52% of the issued share capital of Alea as at the close of business on 22 June 2006.

Morgan Stanley Securities Limited is a member of the Morgan Stanley group of companies. Those Morgan Stanley group companies which are direct or indirect holding companies of Morgan Stanley Securities Limited are, under the terms of Alea's bye-laws each interested in any shares in which Morgan Stanley Securities Limited is interested.

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For more information on Alea, see www.aleagroup.com. For further information, please contact:


Media: Sheel Sawhney       Analysts & Investors:  Kirk Lusk
       +1 860 258 6524                            +1 860 258 6566


                                      Financial Dynamics
                                      Robert Bailhache/
                                      Nick Henderson
                                      +44 20 7269 7200

Certain statements made in this press release that are not based on current or historical facts are forward-looking in nature including, without limitation, statements containing words "believes," "anticipates," "plans," "projects," "intends," "expects," "estimates," "predicts," and words of similar import. All statements other than statements of historical facts including, without limitation, those regarding the Group's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Group's products and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. In particular, forecasting of reserves for future losses is based on historical experience and future assumptions. As a result, they are inherently subjective and may fluctuate based on actual future experience and changes to current or future trends in the legal, social or economic environment. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These forward-looking statements speak only as at the date of this press release or other information concerned. Alea Group Holdings (Bermuda) Ltd expressly disclaims any obligations or undertaking (other than reporting obligations imposed on us in relation to our listing on the London Stock Exchange) to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any changes in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. References in this paragraph to the Group are to Alea Group Holdings (Bermuda) Ltd. and its subsidiaries from time to time.

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