SANTA CLARA, Calif. -- E-Book Systems, the leader in Digital Flip(R) online publishing technology, announces today that Max Re Capital Ltd. (NASDAQ:MXRE)(BSX:MXRE BH) adopted its 3-D page-flipping FlipBook format for presenting its online annual report. For the first time, Max Re offers Web site visitors the ability to view its online annual report in the same way they would the print version - with all the same text, design and realistic page-flipping capabilities.

Max Re Capital Ltd., through its principal operating subsidiaries, Max Re Ltd., Max Insurance Europe Limited and Max Re Europe Limited, offers customized insurance and reinsurance solutions to property and casualty insurers, life and health insurers and large corporations.

With E-Book Systems' Digital Flip(R) technology, visitors to www.maxre.bm can download the FlipViewer(R) digital publication reader to view the FlipBook version of the current annual report. FlipViewer(R) is a one-time download, so users will never need to reinstall the program to read FlipBook publications in the future.

"With E-Book Systems' impressive FlipBook technology, our Web site visitors have the ability to virtually duplicate the experience of reading a hard copy of our annual report and can readily access its various sections," says Kip Herring, senior vice president of marketing and finance for Max Re.

E-Book Systems' Digital Flip(R) technology, used in conjunction with FlipViewer(R), Mac FlipViewer(R) and FlipViewer(R) Browser Version digital publication readers, turns printed publications into an online, multimedia-enhanced 3-D page-flipping format. The company can convert any PDF, Quark, PageMaker, FrameMaker, Word and HTML files into its patented online page-flipping format. The publications can remain online after they are downloaded, to allow readers to click on links in pages or advertisements and be directed to the Web site, just like clicking on a link in a standard Web site browser. The Digital Flip(R) technology can incorporate a variety of multimedia elements, like MID, WAV and MP3 files, to enhance the publication. E-Book Systems' Digital Rights Management (DRM) solution safeguards content providers' intellectual properties.

For more information, contact E-Book Systems by phone at (408) 625-8000, via email at sales@ebooksys.com or online at www.flipviewer.com. To learn more about Max Re and to view a FlipBook version of its annual report, visit www.maxre.bm.

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