White Mountains Reports Results of Members Meeting

Bermuda-based White Mountains Insurance Group has reported the results of its Annual General Meeting of Members, held on May 19, 2003. At least 98% of the shares voted on each proposal said the company.

The Members took the following actions:
– voted to re-elect Ray Barrette, Howard Clark, Robert Cochran and Arthur Zankel as Class III Directors with terms ending in 2006;
– approved the issuance of Common Shares upon conversion of outstanding Convertible Preference Shares;
– ratified the appointment of PricewaterhouseCoopers as the Company’s independent auditors for 2003, and
– approved each other proposal presented to the meeting.

President and CEO Ray Barrette stated, “We are extremely pleased and gratified with the support our Owners have shown us by their vote. We will continue to strive to achieve results worthy of their confidence and continued support.”