SCOTTISH RE GROUP LIMITED CORPORATE GOVERNANCE
CODE OF ETHICS & BUSINESS CONDUCT
REVISED FEBRUARY 15, 2006

OUR MISSION
We manage capital at risk to deliver knowledge-based life reinsurance solutions to our business partners.
OUR VISION We are committed to maximizing shareholder value by helping customers improve their financial condition by providing innovative reinsurance solutions and the highest quality capacity to manage insurable financial risks.
OUR VALUES
- Knowledge - We promote well-informed decision making in a knowledge-seeking culture that inspires curiosity and rewards creativity.
- Integrity - We honor all of our obligations and maintain the highest standards of professional ethics and honesty.
- Service - We exceed the expectations of our customers by understanding their unique needs, developing customized solutions and fulfilling our commitments.
- Stewardship - We strive to be the most profitable global risk management firm that consistently maximizes risk-adjusted returns for all stakeholders.
- Excellence - We pursue excellence and quality in all endeavors.
- Spirit - We provide our people with the opportunity to prosper in a dynamic and collegial environment based on accountability, merit and a passion to succeed.
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