Arch Capital Sets Share Offer Price

April 4, 2002

Bermuda’s Arch Capital Group Ltd. announced that it has set the price of the public offering of 6,500,000 of its common shares at $25.50 per common share, and has granted the underwriters an option to purchase an additional 975,000 common shares to cover over-allotments.

The company announced the offering last month (See IJ Website March 19). It plans to raise around $175 million in additional capital. The offer price is slightly below the $27 originally targeted, and lower that the $26.75 closing price of Arch’s shares on April 3.

The offer is scheduled to close on April 8, 2002.

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