Scottish Re Group Limited Declares Dividend on Perpetual Preferred Shares

    HAMILTON, BERMUDA, June 25 /CNW/ - The Board of Directors of Scottish Re
Group Limited (NYSE:  SCT) declared a cash dividend of $0.4531 per Perpetual
Preferred Share outstanding to be paid on July 16, 2007 to Perpetual Preferred
Share shareholders of record as of the close of business on June 29, 2007.

    About Scottish Re

    Scottish Re Group Limited is a global life reinsurance specialist.
Scottish Re has operating businesses in Bermuda, Grand Cayman, Guernsey,
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 its Web site,

For further information:

For further information: Scottish Re Group Limited Rayissa Palmer,

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