ADVISORY/ ESG Re To Release 1999 Fourth Quarter Earnings and Host Analyst Conference Call.

Business Editors

ADVISORY...for Tuesday (March 7)

--(BUSINESS WIRE)

ESG Re Limited (NASDAQ: ESREF) will release its fourth quarter earnings in the morning on Tuesday, March 7, 2000. ESG Re senior management will conduct a dial-in analyst conference call, which will include a question and answer period that same day, Tuesday, March 7, 2000 at 10:30 a.m. (EST). Please call in 15 minutes prior to the commencement of the call to ensure it begins on time. From within the United States or Canada the conference call can be accessed by dialing 1-800-491-3127 or outside the United States, by dialing 415-217-0050. Replay will be available for 48 hours after the call by dialing 1-800-625-5288 or 303-804-1855 outside the U.S. The reservation number for the call and the replay is 674505.

WHAT: ESG Re Limited

1999 Fourth Quarter Earnings & Dial-In Conference Call

WHEN: Tuesday, March 7, 2000 at 10:30 a.m. (EST)

DIAL-IN CONFERENCE CALL NUMBER: 1-800-491-3127 (415-217-0050 outside the U.S. and Canada)

Reservation Number 674505

REPLAY Times: Tuesday, March 7, 2000 from 12:30 p.m. (EST)

through 5:00 p.m. (EST) Thursday, March 9, 2000.

REPLAY NUMBER: 1-800-625-5288 (303-804-1855 outside the U.S. and Canada)

Reservation Number 674505