Scottish Re Group Ltd (fka SKRRF)

[Enterprising Investor]

"Go Shop" provision

The Merger Agreement permits Scottish Re to solicit, receive, evaluate and enter into negotiations with respect to alternative proposals for a 45 day “go-shop” period beginning April 15, 2011. The special committee, with the assistance of its independent advisors, will solicit alternative proposals for the acquisition of the Ordinary Shares during this period. The Merger Agreement also provides the Investors with a customary right to match a superior proposal. There can be no assurance, however, that this process will result in a superior proposal.

We might just get lucky!