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RLI CORP. ANNOUNCES REGISTRATION OF $40 MILLION CONVERTIBLE SUBORDINATED DEBENTURE OFFERING

 PEORIA, Ill., April 29 /PRNewswire/ -- RLI Corp. (NYSE: RLI) reported today it has filed a registration statement with the Securities and Exchange Commission covering a proposed offering of $40 million of convertible subordinated debentures due 2003.
 The debentures will be convertible into common shares of RLI Corp. and are to be offered by Merrill Lynch & Co.
 RLI Corp., through its insurance subsidiaries, underwrites selected property and casualty insurance products. RLI Professional Technologies, Inc., another subsidiary, markets practice automation systems, contact lenses and related products to the ophthalmic industry.
 RLI Corp. is traded on the New York Stock Exchange, symbol RLI.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. A copy of the prospectus contained in the registration statement may be obtained from the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/29/93
 /CONTACT: James E. Zogby, treasurer of RLI, 309-693-5880/
 (RLI)


CO: RLI Corp. ST: Illinois IN: INS SU: OFR

TS-CK -- NY053 -- 2604 04/29/93 11:19 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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