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HAMILTON, BERMUDA – July 24, 2009 – XL Capital Ltd (“XL” or the “Company”) (NYSE: XL) announced today that its Board of Directors declared a quarterly dividend on July 24, 2009 of $0.10 per Ordinary Share payable on the Company’s Ordinary Shares. The dividend will be payable on September 30, 2009 to Ordinary Shareholders of record as of September 15, 2009.In addition, the Board of Directors resolved on July 24, 2009, to pay a dividend of $32.50 per share on the Company’s Series E Perpetual Non-Cumulative Preference Shares. The dividend will be paid on October 15, 2009 to all shareholders of record as of October 14, 2009. The aggregate amount of the dividends payable on the Series E Perpetual Non-Cumulative Preference Shares is $32,500,000.XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.