2008-07-11 23:46:07 -

www.scottishre.com - Scottish Re Group Limited (Pink Sheets:SKRRF), or the "Company," announced today that it had filed with the Securities and Exchange Commission ("SEC") its Annual Report on Form 10-K for the year ended December 31, 2007 together with an amended and restated Form 10-Q/A for the three and nine month periods ended September 30, 2007. Copies of these reports can be found at the SEC's website sec.gov or at the Company's website www.scottishre.com.

As a result of the delisting of the Company's shares from the New York Stock Exchange and the fact that there are less than 300 holders of record of its shares, the Company has no obligation to continue to file, and does not

plan to file, periodic reports with the SEC for any periods after January 1, 2008.

About Scottish Re

Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re has operating businesses in Bermuda, Ireland, Singapore, the United Kingdom and the United States. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd., Scottish Re (U.S.), Inc., and Scottish Re Limited. Additional information about Scottish Re Group Limited can be obtained from the website www.scottishre.com.

Scottish Re Group Limited
Investor Contact:
Terry Eleftheriou, Chief Financial Officer, 441-298-4373
or
Media Contact:
David Webb, VP, Capital Markets, 704-544-5840