X0202 3 2007-05-07 0 0001064122 SCOTTISH RE GROUP LTD SCT 0001264513 TESSLER LENARD C/O CERBERUS CAPITAL MANAGEMENT, L.P. 299 PARK AVENUE - 22ND FLOOR NEW YORK NY 10171 1 0 0 0 Ordinary Shares, par value $0.01 per share 0 D Lenard Tessler is a director of Scottish Re Group Limited (the "Company"). Mr. Tessler does not individually hold or otherwise beneficially own any securities of the Company. Mr. Tessler is an employee of Cerberus Capital Management, L.P., one or more affiliates of which own certain securities of the Company, all of which are subject to the sole voting and investment authority of Stephen Feinberg. Mr. Feinberg, in his capacity as the holder of sole voting and investment authority of more than 10.0% of the ordinary shares of the Company pursuant to Reg. 13d-3, separately files statements pursuant to Section 13 and Section 16 of the Securities Exchange Act of 1934, as amended. Mr. Tessler does not exercise any voting, investment or other authority with respect to the ordinary shares of the Company separately reported by Mr. Feinberg. /s/ Lenard Tessler 2007-05-16