Willis Group Increases Stock Buyback Authorization

September 9, 2004

Global insurance broker Willis Group Holdings Limited announced that the Board of Directors has approved an increase in the Company’s existing common share buyback authorization from $300 million to $500 million.

The buyback is an open-ended plan to purchase, from time to time in the open market or through negotiated trades with persons who are not affiliates of the Company, shares of the Company’s common stock.

To date in 2004, the Company has repurchased approximately $250 million of its common stock.

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