First day of dealings

Randall & Quilter Inv Hldgs PLC
20 December 2007


20 December 2007: EMBARGOED UNTIL 8.15AM


Randall & Quilter Investment Holdings plc
('Randall & Quilter' or the 'Company')


Admission to AIM and first day of dealings


Randall & Quilter, the award winning run-off management service provider and
acquirer of solvent insurance companies in run-off, announces its Admission to
AIM and the commencement of unconditional dealings in its shares (ticker: RQIH)
at 8am today.


HIGHLIGHTS
     
•    Total capital raise of £31m, creating a free float of 45%, comprising of a 
     placing of £20 million of new ordinary shares to raise approximately £17.1 
     million (net of expenses) for the Company and a placing of a further £11 
     million ordinary Shares on behalf of certain existing shareholders.

•    Market capitalisation on Admission of £69.9m ($142 million) at the placing 
     price of 125p per share.

•    The proceeds from the placing of new ordinary shares will be utilised 
     initially to reduce bank debt and to develop the Group, by acquisition of 
     further non-life insurance companies in run-off.  In addition, the Group 
     intends to expand into new business areas and is seeking to establish a 
     specialist run-off reinsurance company in Bermuda to enable more efficient 
     use of capital across the Group.

•    The Directors intend to adopt a progressive dividend policy, taking into 
     account the Group's underlying growth in earnings and cash flows, as well 
     as its capital requirements. In the absence of unforeseen circumstances and 
     subject to there being sufficient distributable reserves, the Directors 
     intend to pay a dividend of 4.8p per ordinary share in respect of 2008
     representing a yield of c. 3.8% at the Placing Price.

•    The Nominated Adviser is Noble & Company Limited, which also acted as joint 
     broker to the Placing with Numis Securities Limited, which acted as 
     bookrunner to the placing.

Commenting on today's announcement, Ken Randall, Chairman and Chief Executive
Officer of Randall & Quilter, said:

'A successful Placing and Admission amidst turbulent market conditions is an
endorsement of the Company's quality, following recent recognition by peers as a
leader in the run-off market, which the Directors believe to be very substantial
and still immature.  Admission gives us access to capital to exploit that
potential.'


COMPANY OVERVIEW

Randall & Quilter is the holding company for a group of companies which operate
in the non-life run-off insurance sector (the 'Group').  The Group comprises
three divisions:

•    Insurance Services Division.  This manages insurance portfolios in run-off 
     for both third party clients, including syndicates at Lloyd's, and for the 
     Group's own insurance subsidiaries.

•    Insurance Company Division.  This acquires solvent insurance companies
     in run-off, avoiding companies with any material personal lines business.
     Currently this division has eight companies in its portfolio.

•    Liquidity Management Division.  This acquires reinsurance receivables on
     a recourse or non-recourse basis and seeks to realise them for cash.

The Group has approximately 170 staff in its offices in the UK and the US and
has recently been selected as 'Run-off Management Service Provider of the Year
2007' by the Association of Run-off Companies.


PLACING STATISTICS

Placing Price per Placing Share                                  125p

Number of New Ordinary Shares                                    16,000,000

Number of Vendor Placing Shares                                  8,800,000

Total number of Placing Shares                                   24,800,000
                                                             
Total number of Ordinary Shares in issue on Admission            55,902,500
                                                            
Market capitalisation of the Company at the Placing Price        £69.9 million

Estimated gross proceeds of the Placing                          £31.0 million

Estimated net proceeds of the Placing received by the Company    £17.1 million
                                                                 
ISIN                                                             GB00B29H4M52



ENDS


Further information can be found at www.rqih.co.uk.


Enquiries:

Randall & Quilter Investment Holdings plc
Ken Randall                  Tel: [phone]   Mobile: [phone]
Alan Quilter                 Tel: [phone]   Mobile: [phone]

Noble & Company Limited
John Riddell                 Tel: [phone]   Mobile: [phone]

Numis Securities Limited
Tom Booth                    Tel: [phone]   Mobile : [phone]

Polhill Communications
PJ Lewis                     Tel: [phone]    [e-mail]


The Admission Document is available on the Company's website, www.rqih.co.uk.
Copies are also available during normal business hours on any day (except
Saturdays and Sundays and public holidays) free of charge from the registered
office of the Company, 9-13 Fenchurch Buildings, London  EC3M 5HR, the offices
of Noble & Company Limited, 120 Old Broad Street, London  EC2N 1AR and the
offices of the Registrars, Computershare Investor Services PLC, PO Box 82, The
Pavilions, Bridgewater Road, Bristol  BS99 7NH.






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