Blue Capital Declares $0.30 Quarterly Dividend

July 1, 2014

Bermuda-based Blue Capital Reinsurance Holdings Ltd. has declared a quarterly dividend of $0.30 per common share, which is payable on or before July 31, 2014 to holders of record as of July 15, 2014.

The Company currently intends to distribute a minimum of 90% of its Distributable Income [as defined in its Form 10-K for the year ended December 31, 2013, as filed with the Securities and Exchange Commission on March 7, 2014], in the form of cash dividends to its common shareholders. The Company intends to make regular quarterly dividend payments for each of the first three fiscal quarters of each fiscal year, followed by a fourth “special” dividend after the end of its fiscal year to meet its dividend payout target for each fiscal year.

Any future determination to pay dividends on its common shares will remain at the discretion of the Company’s board of directors and will be dependent upon many factors, including its results of operations, cash flows, financial position, capital requirements, general business opportunities, legal, tax, regulatory and contractual restrictions.

In addition, the Company expects to release its second quarter 2014 results after the market close on July 25, 2014. The Company, which commenced operations in November 2013, will not be hosting a conference call to discuss its results for this quarter.

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