Trenwick Group Ltd.

Section 304 Petition for Assistance in Insolvency Proceedings in Bermuda by Mike Morrison and John Waldrop, as the Foreign Representatives of LaSalle Re Holdings Limited, at the U. S. Bankruptcy Court for the District of Delaware.

A syndicate of banks led by JPMorgan Chase Bank is the biggest creditor of ailing Bermuda-based specialty insurer Trenwick Group Ltd., with an outstanding claim of $183 million at August 20, 2003.The syndicate also includes Wachovia Bank, Credit Lyonnais (New York), Dresdner Bank (New York and Grand Cayman), Fleet National Bank, The Royal Bank of Scotland, ING Bank (London), Citibank, The Bank of Nova Scotia, State Street Bank and Trust Company, and Mizuho Corporate Bank.

The shares of Trenwick Group Ltd., whose legal headquarters are in Bermuda, have begun trading on the over-the-counter bulletin board market after being suspended by the New York Stock Exchange. Both its common shares and the Series A Perpetual Preferred Stock of its Bermuda-based subsidiary LaSalle Holdings Ltd. are listed, under the symbols "TWKGF" and "LSRAF", respectively.

The merger of LaSalle Re Holdings Limited and Trenwick Group Inc., which was announced last December, is close to completion. After clearing SEC red-tape, LaSalle and Trenwick have scheduled meetings of their shareholders to approve the transaction for September 25, 2000.