SOURCE: Alea Group Holdings (Bermuda) Ltd

July 11, 2006 02:01 ET

Alea Group Holdings (Bermuda) Ltd announces Major Interest in Shares

Hamilton, Bermuda -- (MARKET WIRE) -- July 11, 2006 --

11 July 2006

                       Alea Group Holdings (Bermuda) Ltd.

                    Notification of Major Interest in Shares

Hamilton, Bermuda - Alea Group Holdings (Bermuda) Ltd ("Alea") announced it had
been informed by BACP Europe Fund II, L.P. ("BACP") on 10 July 2006 that BACP's
ownership has declined below 3% of shares outstanding by virtue of a sale on 10
July 2006 of 1,050,000 Alea common shares, leaving BACP with a remaining
interest of 4,182,661 common shares, representing 2.41% of the issued common
share capital of Alea. Alea has 173,710,665 common shares outstanding and has no
treasury shares.


For more information on Alea, see For further information,
please contact:

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

Financial Dynamics:    Robert Bailhache +44 20 7269 7200
                       Nick Henderson +44 20 7269 7114

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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