Scottish Re Group Limited Declares Dividend on Perpetual Preferred Shares

    HAMILTON, BERMUDA, November 14 /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 January 15, 2008 to Perpetual
Preferred Share shareholders of record as of the close of business on January
2, 2008.

    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 Rayissa Palmer, Vice President
Marketing & Communications 704-752-3422

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