Argo Group Limited ("Argo")

Transaction in Own Shares

Argo announces that it has on 14 November 2011 repurchased 700,000 shares at 15 pence per share for cancellation.

The issued share capital of Argo following this repurchase is 67,678,494 shares.

15 November 2011

Enquiries

Argo Group Limited

Kyriakos Rialas                                                +357 22 668900

Panmure Gordon

Dominic Morley                                                020 7459 3600