Maiden Holdings, Ltd. Announces Pricing Of $152.5 Million Offering Of 7.75% Senior Notes Due December 1, 2043; Proceeds To Be Used To Redeem Outstanding TRUPS

HAMILTON, Bermuda, Nov. 18, 2013 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq:MHLD) ("Maiden" or "the Company") today announced that its wholly owned U.S. holding company, Maiden Holdings North America, Ltd. ("Maiden NA"), has priced the offering of $152.5 million aggregate principal amount of 7.75% Senior Notes due December 1, 2043 (the "Notes"), which are fully and unconditionally guaranteed by Maiden. The Notes are redeemable for cash, in whole or in part, on or after December 1, 2018, at 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to but excluding the redemption date.

Maiden NA intends to apply to list the Notes on the New York Stock Exchange and expects trading in the Notes to begin on the New York Stock Exchange within 30 days after issuance. The offering is expected to close on November 25, 2013, subject to customary closing conditions.

The net proceeds will be used to repurchase Maiden NA's outstanding 14% coupon trust preferred securities ("TRUPS") on January 15, 2014, when outstanding TRUPS are redeemable without the call premium.

The Notes are being offered under an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC").

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offers of the securities will be made exclusively by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus and the prospectus supplement relating to the offering may be obtained from the joint book-running managers of the offering:
Merrill Lynch, Pierce, Fenner & Smith Incorporated     Morgan Stanley & Co. LLC
Attention: Prospectus Department     180 Varick Street
222 Broadway     New York, New York 10014
New York, New York 10038     Attention: Prospectus Department
email: dg.prospectus_requests@baml.com     e-mail: prospectus@morganstanley.com
       
Wells Fargo Securities, LLC     Goldman, Sachs & Co.
608 South 2 nd Avenue     Prospectus Department
Minneapolis, MN 55402     200 West Street
Attention: Capital Markets Client Support     New York, NY 10282
Telephone: (800) 326-5897     telephone: (866) 471-2526
e-mail: cmclientsupport@wellsfargo.com     facsimile: (212) 902-9316
      email: prospectus-ny@ny.email.gs.com

About Maiden Holdings, Ltd.

Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007.  Through its subsidiaries, which each have a financial strength rating of A- (excellent) from A.M. Best, the Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe. As of September 30, 2013, Maiden had $4.4 billion in assets and shareholders' equity of $973.5 million.

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