Hampden Underwriting Plc - Fund raising and end of offer for subscription - 3.10.07

Hampden Underwriting has announced today details of its fund raising and the closing of the offer for subscription.  A copy of the press release is available here.

Hampden Underwriting plc ('Hampden Underwriting' or the 'Company'), which has been incorporated primarily to provide a limited liability direct investment into the Lloyd's insurance market through its subsidiary underwriting vehicle, Hampden Corporate Member Limited ('HCM'), announces that its offer for subscription ('the Offer') has closed and confirms that it has raised in total gross proceeds of £7.4 million at a price of £1.00 per ordinary share.

Sir Michael Oliver, Chairman of Hampden Underwriting, said:

'This is a good result for the Company, particularly in the light of recent market conditions. We are pleased with the outcome of the recent Lloyd's auctions and look forward to developing the Company's business.'