About Quanta Capital Holdings Ltd.

Quanta Capital Holdings Ltd. is a Bermuda holding company, with interests in specialty insurance and reinsurance that it is actively running off. Quanta maintains offices in Bermuda, Ireland and the United States.

About Catalina Holdings (Bermuda) Ltd.

Catalina Holdings (Bermuda) Ltd., a Bermuda company backed by significant blue chip financial institutions, specializes in the acquisition and management of non-life insurance and reinsurance companies and portfolios in run-off.

Additional Information About the Transaction and Where to Find It

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law, which reflect Quanta's current views with respect to future events and financial performance. Statements which include the words "believes," "expects," "intends," "estimates," "projects," "predicts," "assumes," "anticipates," "plans," and "seeks" and comparable terms of a future or forward-looking nature identify forward-looking statements in form for purposes of the U.S. federal securities laws or otherwise. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These include, but are not limited to, risks relating to Quanta's inability to complete the proposed transaction on the terms summarized above or other acceptable terms, or at all, due to a number of factors, including but not limited to the failure to satisfy remaining closing conditions, as well as other factors detailed in Quanta's filings with the SEC. Quanta assumes no obligation to update or supplement forward-looking statements to reflect subsequent events or circumstances.

SOURCE: Quanta Capital Holdings Ltd.

Quanta Capital Holdings Ltd. 
Jonathan J.R. Dodd, 441-294-6355