Preliminary Board Election Results Indicate All Three SCPIE Nominees Elected

SCPIE Holdings Inc. (NYSE:SKP), a major provider of
healthcare liability insurance, today announced that the preliminary
results of the stockholder vote to elect three directors to SCPIE's
12-person board indicate that SCPIE's nominees have been elected.
   In the preliminary vote count provided by the independent
inspectors of election, SCPIE's three nominees, Kaj Ahlmann, Willis T.
King Jr. and Elizabeth A. Murphy, received votes totaling
approximately 4.6 million, 3.6 million and 4.6 million, respectively,
with the Stilwell Group's nominees, Joseph Stilwell, Spencer Schneider
and Gregory Noonan, receiving approximately 2.9 million, 1.9 million
and 1.9 million votes, respectively. There were approximately 6.7
million votes cast in the election.
   These preliminary results are subject to review by SCPIE and by
the Stilwell Group before they are certified. Today's announcement is
based on a preliminary count performed by IVS Associates, Inc., the
independent inspectors of election. Final certification of the vote is
expected in about one week.
   Donald J. Zuk, President and Chief Executive Officer of SCPIE
Holdings Inc., said, "I would like to thank all stockholders who voted
in this important election, regardless of how they cast their ballots.
   "As always, enhancing stockholder value is our foremost and
overriding goal. With the proxy contest nearly concluded, we will
continue to fine-tune our strategies and execute our business plan to
achieve this important objective."

   About SCPIE Holdings

   SCPIE Holdings Inc. is a leading provider of healthcare liability
insurance for physicians, oral and maxillofacial surgeons, and other
healthcare providers, as well as medical groups and healthcare
facilities. Since the company was founded in 1976, it has carved out a
significant niche in the insurance industry by providing innovative
products and services specifically for the healthcare community.

   Forward-Looking Statements

   In addition to historical information, this news release contains
forward-looking statements that are based upon SCPIE's estimates and
expectations concerning future events and are subject to certain risks
and uncertainties that could cause actual results to differ materially
from those reflected in the forward-looking statements.
Forward-looking statements include statements herein regarding SCPIE's
2006 election of directors. In light of the significant uncertainties
inherent in the forward-looking information herein, the inclusion of
such information should not be regarded as a representation by SCPIE
or any person that SCPIE's objectives or plans will be realized.