ACE Limited (NYSE: ACE) announced, effective today, that it issued approximately 11.8 million ordinary shares in satisfaction of the purchase contracts underlying ACE’s FELINE PRIDES. The consideration for the issuance of such ordinary shares consisted of substantially all of ACE 8.25% Cumulative Redeemable Preferred Shares Common Series A. The impact of the issuance has been included in previously provided earnings guidance.

The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com.

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:
Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties which may cause actual results to differ materially from those set forth in these statements. For example, the Company's earnings guidance could be affected by competition, pricing and policy term trends, the levels of new and renewal business achieved, market acceptance, changes in demand, the frequency of unpredictable catastrophic events, uncertainties in the reserving or settlement process, actual loss experience, the impact of aggregate policy coverage limits, new theories of liability, judicial and legislative developments, litigation tactics, the amount and timing of reinsurance recoverable, rating agency action, possible terrorism or the outbreak and effects of war, investment market conditions and economic, political, regulatory, insurance and reinsurance business conditions, as well as management's response to these factors, and other factors identified in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information
Investor Contact:
Helen M. Wilson
(441) 299-9283

Media Contact:
Lilla Zuill
(441) 278-6616