SCPIE Notifies New York Stock Exchange of Intent to Delist Common Stock

  
    
  
  
    
      SCPIE Holdings Inc. (NYSE:SKP), a major provider of healthcare liability 
      insurance, announced that it notified the NYSE Euronext of its intent to 
      delist its common stock, par value $0.0001 per share, from the New York 
      Stock Exchange immediately following the consummation of the 
      transactions contemplated by the Agreement and Plan of Merger, dated 
      October 15, 2007, by and among The Doctors Company, Scalpel Acquisition 
      Corp., a wholly owned subsidiary of Parent, and SCPIE.
    
    
      Subject to the terms and conditions of the Agreement and Plan of Merger, 
      at the effective time of the merger, each issued and outstanding share 
      of SCPIE common stock (other than shares of SCPIE common stock owned by 
      The Doctors Company, Scalpel Acquisition Corp., or in the treasury of 
      SCPIE) will be cancelled and converted into the right to receive $28.00 
      in cash, without interest.
    
    
      As a result of the merger, SCPIE will cease to be a publicly traded 
      company.
    
    
      The merger is subject to verification that SCPIE’s 
      stockholders have approved the merger and the receipt of insurance 
      regulatory approvals. The final vote count from the special meeting of 
      SCPIE’s stockholders to consider the merger is 
      expected within approximately one week.
    
    
      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. 
      Additional information on SCPIE Holdings can be found on the company’s 
      website: www.scpie.com.
    
    
      Forward-Looking Statements
    
    
      This news release contains forward-looking statements that involve 
      material risks and uncertainties. Such forward-looking statements, 
      including, but not limited to, statements relating to the consummation 
      of the proposed transaction and the terms and timing thereof, are 
      subject to change based on factors beyond the control of SCPIE. Risks 
      and uncertainties regarding the transaction include the possibility that 
      the closing does not occur, or is delayed, either due to the failure of 
      closing conditions, including approval of SCPIE’s 
      stockholders, the failure to obtain required regulatory approvals or 
      other reasons. Other factors that may cause actual results to differ 
      from the forward-looking statements contained herein and that may affect 
      the Company’s prospects are included in the 
      Company’s other filings with the SEC. SCPIE 
      expressly disclaims any obligation to publicly release any updates or 
      revisions to any such forward-looking statement to reflect any change in 
      its expectations or any change in events, conditions or circumstances on 
      which any such statement is based.