Enstar Group Limited Reports Second Quarter ResultsEnstar Group Limited 05.08.2011 22:25—————————————————————————HAMILTON, Bermuda, 2011-08-05 22:25 CEST (GLOBE NEWSWIRE) –Enstar Group Limited (Nasdaq:ESGR) filed its quarterly report on Form 10-Q withthe SEC earlier today, reporting its earnings and financial position for thethree and six months ended June 30, 2011. Enstar reported consolidated net earnings of $9.4 million (or $0.66 per fullydiluted share) for the three months ended June 30, 2011 and $12.9 million (or$0.94 per fully diluted share) for the six months ended June 30, 2011, comparedto $12.4 million (or $0.89 per fully diluted share) for the three months endedJune 30, 2010 and $28.4 million (or $2.04 per fully diluted share) for the sixmonths ended June 30, 2010. Enstar’s shareholders’ equity at June 30, 2011 amounted to $1,084.7 million(excluding noncontrolling interest of $261.6 million) (or $74.32 per fullydiluted share), up from $948.4 million (excluding noncontrolling interest of$267.4 million) (or $71.68 per fully diluted share) at December 31, 2010.Shareholders’ equity increased at June 30, 2011 due primarily to the firstclosing of the previously announced investment in Enstar by certain affiliatesof Goldman, Sachs & Co. that occurred on April 20, 2011. The Form 10-Q, whichis available on Enstar’s website, www.enstargroup.com, contains a more detaileddescription of Enstar’s business and financial results. Enstar, a Bermuda company, acquires and manages insurance and reinsurancecompanies in run-off and portfolios of insurance and reinsurance business inrun-off, and provides management, consultancy and other services to theinsurance and reinsurance industry. The Enstar Group Limited logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=5734 This press release contains certain forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. Thesestatements include statements regarding the intent, belief or currentexpectations of Enstar and its management team. Prospective investors arecautioned that any such forward-looking statements are not guarantees of futureperformance and involve risks and uncertainties, and that actual results maydiffer materially from those projected in the forward-looking statements as aresult of various factors. Important risk factors regarding Enstar may be foundunder the heading ‘Risk Factors’ in Enstar’s Form 10-K for the year endedDecember 31, 2010, and are incorporated herein by reference. Furthermore,Enstar undertakes no obligation to update any written or oral forward-lookingstatements or publicly announce any updates or revisions to any of theforward-looking statements contained herein, to reflect any change in itsexpectations with regard thereto or any change in events, conditions,circumstances or assumptions underlying such statements, except as required bylaw. CONTACT: Richard J. Harris (441) 292-3645News Source: NASDAQ OMX05.08.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de————————————————————————— Language: EnglishCompany: Enstar Group Limited BermudaPhone: Fax: E-mail: Internet: ISIN: BMG3075P1014WKN: End of Announcement DGAP News-Service —————————————————————————