The tax treatment of James River Group Holdings, Ltd.’s distributions are characterized as “previously taxed income”, “dividend” or “return of capital”.  Distributions characterized as "return of capital" require James River Group Holdings, Ltd. to post on its website Form 8937, Report of Organizational Actions Affecting Basis of Securities.

This information is intended to meet the requirements of public disclosure pursuant to Treasury Regulation §1.6045B-1(a)(3) and (b)(4).