TIDMHUW

RNS Number : 9765G

Helios Underwriting Plc

12 November 2018

Helios Underwriting plc

("Helios" or the "Company")

Helios Capacity Fund - Value of Capacity increases by 28%

Helios is pleased to announce that, following the conclusion of Lloyds Capacity Auctions for 2018, the Weighted Average Prices of the syndicates comprising the Helios Capacity Fund traded in 2018 ("Latest Average Prices") has increased by 28% in comparison to last year.

 
                               Per GBP 
                           of capacity                        Per Share 
   2017                           0.32                             0.89 
   2018                           0.40                             1.13 
 Increase                         0.09                             0.25 
            ==========================  =============================== 
                                   28%                              28%

This increase is calculated by applying the Latest Average Prices to the capacity portfolio of GBP41m as at 1(st) January 2018.

This rise in the value of capacity would increase the Company's Adjusted Net Asset Value as at 31 December 2017 by 24p to 184p (160p as at 31 December 2017).

The value of the syndicate capacity has recovered from the lows in 2017 following the significant catastrophe losses of the year. Premium rates have increased during 2018, with current expectations of further rate rises over the remainder of the year and in 2019, thereby improving the prospects for profitable underwriting.

For further information, please contact:

Helios

Nigel Hanbury - Chief Executive 07787 530 404 / nigel.hanbury@huwplc.com

   Arthur Manners - Chief Financial Officer                    07754 965 917

Stockdale Securities

   Robert Finlay                                                                    020 7601 6100

David Coaten

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market and expects to write approximately GBP43m of capacity for the 2018 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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