Scottish Re President & CEO to Speak at Citigroup Life Insurance Securitization Seminar

Scottish Re Group Limited (NYSE: SCT - News), a global life reinsurance specialist, announced today that Scott E. Willkomm will present at the “Citigroup Life Insurance Securitization Seminar - What They Mean for Equity Investors” seminar to be held May 31, 2006 at the Citigroup Conference Center in New York City.

Scottish Re is an industry leader in life securitizations having recently closed Ballantyne Re plc, a $2.1 billion offering that represented the largest Regulation XXX securitization transaction ever completed. Mr. Willkomm has been asked to share his perspective of the current state and future prospects for this growing asset class and will be first to present at the seminar scheduled to run from 8:00 a.m. to 1 p.m.

About Scottish Re

Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re has operating companies in Bermuda, Charlotte, North Carolina, Dublin, Ireland, Grand Cayman, and Windsor, England. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd. and Scottish Re (U.S.), Inc., which are rated A- (excellent) by A.M. Best, A (strong) by Fitch Ratings, A3 (good) by Moody’s and A- (strong) by Standard & Poor’s, Scottish Re Limited, which is rated A- (excellent) by A.M. Best, A (strong) by Fitch Ratings and A- (strong) by Standard & Poor’s and Scottish Re Life Corporation, which is rated A- (excellent) by A.M. Best. Scottish Re Capital Markets, Inc., a member of Scottish Re Group Limited, is a registered broker dealer that specializes in securitization of life insurance assets and liabilities. Additional information about Scottish Re Group
Limited can be obtained from its Web site, http://www.scottishre.com.

Contact
Gary M. Dombowsky
Scottish Re Group Limited
(345) 914-7022
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Source: Scottish Re Group Limited