Kingsway International Holdings Limited Announces that its Principal
Operating Subsidiary has Appointed a New Chief Executive Officer

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TORONTO, Sept. 17 /CNW/ - Kingsway International Holdings Limited (TSX:KIH) (the "Company"), an Asian based financial services firm, announces that its principal operating subsidiary, SW Kingsway Capital Holdings Limited ("KCH"), has appointed Mr. Michael Koon Ming Choi as its new Chief Executive Officer and Authorized Representative with effect from October 1, 2010.  KCH is a leading middle tier provider of financial services throughout the Asia Pacific region, operating one of Hong Kong's top brokerage firms, and is listed on the main board of the Stock Exchange of Hong Kong under the stock code 188.

Mr. Choi, who is also a director of the Company, holds a Bachelor of Arts degree from the University of British Columbia. He has been with the Kingsway Group for over 15 years and has been an Executive Director of KCH for over ten years. He is currently a member of KCH's Investment Committee, which oversees the KCH's investments and financial commitments. Mr. Choi had extensive experience in the financing activities of corporate and property mortgage, real estate development and property investment prior to joining the Kingsway Group in 1995. Mr. Choi is the brother of Dr. Jonathan Koon Shum Choi, who is a Co-Chairman of the Board and a controlling shareholder of the Company.

The terms and conditions of Mr. Choi's service agreement with KCH will be determined at a later date by KCH's Compensation Committee, with reference to the prevailing market conditions, Mr. Choi's qualifications, working experience and scope of responsibilities.

The Company further announces that Mr. William Wai Leung Wu ("Mr. Wu") tendered his resignation as an Executive Director, Chief Executive Officer and Authorized Representative of KCH on September 16, 2010, to be effective on September 30, 2010, in order to pursue other opportunities. To facilitate the transition, Mr. Wu will be retained as a consultant to KCH pursuant to terms and conditions to be agreed upon at a later date. Mr. Wu has confirmed that he has no disagreement with the Board of KCH and that there are no matters that need to be brought to the attention of the Stock Exchange of Hong Kong Limited or the shareholders of KCH in relation to his resignation. 

The Company's Board would like to take this opportunity to express its sincere gratitude to Mr. Wu for his valuable contribution to the Kingsway Group during his tenure of service and wish him all the best in the future.

ABOUT KINGSWAY INTERNATIONAL HOLDINGS LIMITED

Kingsway is a strategically positioned, asset based financial services firm focused on linking China's high growth economy with the global investment community.  Through the Kingsway Group's worldwide operations (encompassing Kingsway and its subsidiaries), the Company conducts operations through two main arms: Capital Markets and Asset Management.  The Group operates from six offices located in Hong Kong, Beijing, Shanghai, Shenzhen and Toronto.

China is widely recognized as an increasingly important player on the world's financial stage. As the country continues to grow, its greatest needs will lie in energy and resources.  Following a recent restructuring, Kingsway is positioned as a middle tier provider of financial services in these sectors and an opportunistic investor in these and related sectors.  The Group's strategy is to use investment activities strategically to generate advisory services revenue while creating value for its shareholders through asset accumulation.

Leveraging a 20-year track record and significant relationships throughout Asia, Kingsway continues with its strategic focus on China, working with China based groups with a particular focus in financial services and in natural resources - particularly mining and energy - and infrastructure.

Founded in 1990, Kingsway is listed on the main board of the Toronto Stock Exchange under the symbol KIH.

For further information:

please contact Gary Quedado, Kingsway Group, [phone] Ext. 238, [email protected].