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Exhibit 99
Najib Nathoo, Senior Financial Officer of ESG Re Limited, has expressed a desire
to return to his financial consulting business effective January 1, 2001.
Mr Nathoo will continue to be associated with ESG as a consultant to Alasdair
Davis, Chief Operating Officer, and Mark Oleksik. Mr Nathoo will provide
consulting support for the development and implementation of business strategy
as well as support in the areas of investor relations and other external
communications.
Mark Oleksik will assume the position of Senior Financial Officer and Principal
Accounting Officer.
