19 May 2014 Insurance

Tower receives filings warning from Nasdaq

Tower Group International has failed to comply with listing requirements on the Nasdaq.

Tower received a notification letter from the Nasdaq listing qualification department on May 15, 2014 stating that because Tower has not yet filed its Form 10-Q for the period ended March 31, 2014 with the Securities and Exchange Commission, it was not in compliance with the continued listing requirements.

The Nasdaq notice has no immediate effect on the listing or trading of Tower's common stock on The Nasdaq global market.

Under Nasdaq listing rules, Tower has 60 days to submit a plan to Nasdaq to regain compliance with the applicable listing rule.

Tower currently expects to file the 10-Q with the SEC within approximately the next thirty days.

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