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03/16/09 6:33 PM

#34230 RE: bUrRpPPP! #34226

$8B Asset SKRRF .03 New CFO from Cerberus NEWS-->

market cap $2m with 68m o/s

Cerberus and MassMutual invested $600m in SKRRF convertible preferred stock a few years ago

MassMutual made $19B last year in revenues

http://www.massmutual.com/aboutmassmutual/newscenter/pressreleases/articledisplay?mmcom_articleid=1aaddeac8c3af110VgnVCM200000d37106aaRCRD

Scottish Re Announces Dan Roth as Chief Financial Officer

Company Release - 03/16/2009 18:07



HAMILTON, Bermuda--(BUSINESS WIRE)-- Scottish Re Group Limited (Pink Sheets:SKRRF) ("Scottish Re") announced today the appointment of Dan Roth to Chief Financial Officer, effective immediately.

In his previous role as Chief Restructuring Officer, Dan led the Scottish Re transition program focused on operational effectiveness and has been a member of the Scottish Re Executive Committee. Prior to joining Scottish Re in May 2007, Dan worked with Cerberus Capital Management L.P. on its operations team focused on financial and operational due diligence in the insurance, financial services, media, and information technology industries. His previous experience includes 10 years with the General Electric Company. Dan served as the Manager of Finance for GE Money's personal loan business in Japan and also led GE Money's global capital allocation program in Stamford, CT. Prior to that, Dan spent four years in GE's Corporate Audit Staff, concluding as a Senior Audit Manager leading teams responsible for financial and operational reviews of GE's businesses in North America and Asia.

Dan received a BS in Management Information Systems from the University of Dayton'sSchool of Business Administration.

As Scottish Re's Chief Financial Officer, Dan will lead Scottish Re's global finance function and will be responsible for its financial operations, including accounting and reporting, financial planning and analysis, treasury, taxation, and audit.

About Scottish Re

Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re has operating businesses in Bermuda, Ireland and the United States. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd. and Scottish Re (U.S.), Inc. Additional information about Scottish Re Group Limited can be obtained from its Web site, www.scottishre.com.



Source: Scottish Re Group Limited


Contact: Scottish Re Group Limited Paul Goldean, Chief Executive Officer, 441-298-4378