Flagstone Re to Post Q1 Earnings; Conference Call Details

May 9, 2007

Bermuda-based Flagstone Reinsurance Holdings Limited announced that it will release its results for the first quarter of 2007 prior to the opening of market on Thursday, May 10, 2007.

The Company will hold an investment community conference call on Thursday, May 10, 2007, at 9am Eastern Time to discuss the financial results with interested investors and shareholders

Executive Chairman Mark Byrne, CEO David Brown, and CFO James O’Shaughnessy will represent the company on the call. The teleconference can be accessed by dialing (866) 831-6162 (US callers) or (617) 213-8852 (International callers) and entering the pass code 15493389 approximately 10 minutes in advance of the call. A live, listen-only web cast of the call will be available via the Investor Information section of the Company’s web site at: www.flagstonere.bm.

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