XL Capital Ltd Declares Dividend on Series E Preference Shares

HAMILTON, BERMUDA - July 30, 2007

HAMILTON, BERMUDA – July 30, 2007 – XL Capital Ltd (“XL” or the “Company”) (NYSE: XL) announced today that its Board of Directors resolved on July 27, 2007, to pay a dividend of $38.64 on October 15, 2007, to all Series E Preference Ordinary Shareholders of record on October 12, 2007. The aggregate amount of the dividends payable on the Series E Preference Ordinary Shares is $38,640,000.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. As of June 30, 2007, XL Capital Ltd had consolidated assets of $60.2 billion and consolidated shareholders’ equity of $11.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.