Kingsway International Holdings Limited Announces that its Principal
Shareholder Completed its Purchase of Shares of the Company through a Private
Sale

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

HONG KONG, Nov. 15 /CNW/ - Kingsway International Holdings Limited (TSX:KIH) (the "Company"), an Asian based financial services firm, announces that its principal shareholder, Sun Wah Capital Limited of Hong Kong, has completed its purchase ("Purchase") of 16,216,159 common shares ("Shares") of the Company at a price of CAN$0.50 per Share for an aggregate purchase price of CAN$8,108,080 from Mrs. Mary Yuk Sin Lam, a director of the Company.   The parties announced the agreement to purchase the Shares on August 13, 2010. 

Sun Wah Capital Limited is controlled by Dr. Jonathan Koon Shum Choi, and Dr. Choi is a director and controlling shareholder of the Company.  As a result of the Purchase, Dr. Choi beneficially owns and controls, directly and indirectly, 61,697,310 Shares representing 68.30% of the outstanding Shares and Mrs. Lam beneficially owns and controls, directly and indirectly, 16,216,158 Shares representing 17.95% of the outstanding Shares.  In addition, if the convertible debentures controlled by Dr. Choi are fully converted into 5,625,000 Shares at a deemed conversion price of CAN$0.80 per Share, Dr. Choi would control 67,322,310 Shares representing approximately 70.15% of the enlarged Shares of the Company.

About Kingsway International Holdings Limited

Kingsway is a strategically positioned asset-based financial services provider, linking the global investment community with the PRC's high growth economy. The Group is now positioned into three integrated divisions: Capital Markets Group, consisting of brokerage and financial services, including investment banking; Strategic Investment Group, a merchant bank focused on mining and natural resources; and an Asset Management Group specializing in private equity funds. The Group's primary subsidiary, SW Kingsway Capital Holdings Limited ("SWK"), is based in Hong Kong and listed on The Stock Exchange of Hong Kong. The SWK group comprises the Group's primary operating subsidiaries and is licensed to provide a range of financial services.  The Group operates from five 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 to operate as a China focused multi-discipline asset-based financial services firm, with a focus on natural resources, infrastructure and real estate.

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

For further information:

For further information, please contact Gary Quedado, Kingsway Group, [phone] Ext. 0238, [email protected]