XL Capital Declares Quarterly Dividends

November 10, 2003

Hamilton, Bermuda-based insurer and reinsurer XL Capital Ltd. has declared a quarterly dividend of 48 cents per share payable on the company’s ordinary shares. The dividend will be payable on Dec. 31, 2003, to shareholders of record on Dec. 8, 2003.

The board also resolved to pay a dividend of $4.6 million on Dec. 31, 2003, to all Series A preference ordinary shareholders of record as of Dec. 30, 2003, at 50 cents a share.

The company will also pay a dividend of $5.4 million to all Series B shareholders.

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