Trident II to Sell 3 Million AXIS Shares

December 13, 2006

Bermuda’s AXIS Capital Holdings Limited announced that Trident II, L.P. and related entities have agreed to sell 3 million of AXIS Capital’s common shares in a block trade.

AXIS said: “Citigroup Corporate and Investment Banking will be the underwriter in the offering of the shares to public investors. The common shares are being offered under AXIS Capital’s Form S-3 shelf registration statement (No. 333-118023). Trident will receive all net proceeds from the sale.”

Source: AXIS

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