ALEA Alea

RNS Number:5826P
Alea Group Holdings(Bermuda) Ltd
07 March 2008



7 March 2008



          Alea Group Holdings (Bermuda) Ltd ("Alea" or the "Company")



      Audited results for the 12 months ended 31 December 2007 - Amendment



Hamilton, Bermuda

Further to yesterday's announcement of Alea's results for the 12 months ended 31
December 2007 (the "Announcement"), it has come to the Company's attention that
certain items of financial disclosure contained in the Announcement contained
minor inaccuracies.

These inaccuracies appeared in the tables included in the Financial Review and
in Section 4 of the Announcement (i) presenting the Alea Group's booked gross
claims outstanding before claims handling provisions and before discount as at
31 December 2007 by class of business and year and (ii) analysing Alea's gross
claims outstanding between incurred but not reported ("IBNR") and case reserves
at 31 December 2007.  The total provision for claims outstanding, reported and
not reported is not affected by these inaccuracies.

These inaccuracies are not felt by management to have a material impact on their
previous conclusion that the Directors properly discharged their obligations as
set out in the Statement of Directors' Responsibilities to produce financial
statements showing a true and fair view of the Alea Group's position and results
and in compliance with International Financial Reporting Standards.  The Company
has corrected these inaccuracies and will release revised financial statements
including revised disclosures as soon as possible.





                                     #####

For further information, please contact:





Mark Cloutier

+1 (441) 296-9150



Financial Dynamics

Nick Henderson or Robert Bailhache

+44 (20) 7269 7114





Certain statements made in this announcement 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) 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 document 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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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