ST. MICHAEL, Barbados - April 23, 2003 -- Everest Re Group, Ltd. (NYSE: RE) earlier today announced that it had sold common shares. The number of common shares sold has been updated to 4,480,135 shares. The sole underwriter for the transaction is Goldman, Sachs & Co., which will be re-offering shares to investors.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. Copies of the prospectus relating to the offering can be obtained from:
Goldman, Sachs & Co.
Prospectus Department
85 Broad Street
New York, NY 10004
1-212-902-1000
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the US and international markets. Everest Reinsurance (Bermuda), Ltd. provides reinsurance to property and casualty and life insurers in both the Bermuda and international markets. Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the United States. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the United States. Additional information on Everest Re Group companies can be found at the Group's web site at www.everestre.com.
