Patriot Insurance Company, of Brunswick Maine, is pleased to announce that its A.M. Best rating has been increased to A+ (Superior), effective July 19, 2007. Management and the staff at Patriot are excited as this news affirms that the company is now one of the strongest and most financially stable carriers doing business in Northern New England.

A.M. Best is an independent organization that evaluates insurance companies on financial strength and their ability to honor contractual obligations. A.M. Best is arguably the most recognized name, and seal of approval, for the review of insurance companies and their associated financial ventures.

Patriot received its initial rating approximately five years ago, and since that time has continued to expand and grow a solid distribution channel that reaches consumers throughout Maine, New Hampshire and Vermont. On July 1, 2007 Patriot merged with Frankenmuth Insurance of Frankenmuth, Michigan. Currently the Patriot Property and Casualty product line is being expanded from its very stable Personal Lines portfolio, to a broader offering that will include commercial insurance. The A+ rating upgrade will only serve to enhance the recent entrance into Commercial Lines, and benefit all current policyholders as well.

Patriot is a Maine based insurer that offers quality multi-line products to both businesses and consumers (since 1966). Patriot's mission includes commitment to customer service, and enhancing policyholder value through stable and profitable growth.

Patriot Mutual Insurance Company Announces Merger with Frankenmuth Insurance
September 2006

Maine-based property and casualty insurer, Patriot Mutual Insurance Company, announced it has entered into a merger agreement with Frankenmuth Insurance, a Michigan-based property and casualty insurer.

The agreement reached between the parties describes a two-step transaction. Initially, Patriot Mutual will enter into a mutual holding company reorganization, become a wholly owned stock company of the mutual holding company, and change its name to Patriot Insurance Company. Secondly, the mutual holding company will merge into Frankenmuth, with Frankenmuth as the surviving company. At the conclusion of these transactions, Patriot Insurance Company will be a Maine domestic insurer wholly owned by Frankenmuth.

Completion of these transactions is subject to the customary regulatory and member approvals.

Robert P. Clark, Patriot's Chairman of the Board, stated, "The merger with Frankenmuth provides Patriot the support of a large financially sound company with an A+ (Superior) A.M. Best rating, access to industry recognized state-of-the-art technological capabilities, and the ability to sell commercial lines products. Combining these Frankenmuth strengths with Patriot's local market expertise and strong agency relationships will enable Patriot to grow their personal lines business and expand product offerings to include commercial coverages desired by business owners and agents. Patriot will be a more valuable insurance carrier for consumers and independent agents as they expand throughout the Northeast. The merger is also intended to improve Patriot's A.M. Best rating, with Frankenmuth's A.M. Best rating of A+ (Superior) being unaffected."

About Frankenmuth
Frankenmuth Insurance, founded in 1868, is a Michigan-domiciled property and casualty insurance company licensed in 47 states. Frankenmuth writes both personal and commercial lines in ten states through 450 professional independent agencies. As of and for the year ended December 31, 2005, Frankenmuth's policyholders' surplus and written premiums approximated $286 million and $363 million, respectively.

About Patriot
Patriot Mutual Insurance Company was incorporated as Blue Alliance Mutual Insurance Company in 1966. Today Patriot, a Maine-domiciled property and casualty insurance company, is licensed and writes primarily personal lines business in Maine, New Hampshire and Vermont through 100 professional independent agencies. As of and for the year ended December 31, 2005, Patriot's policyholders' surplus and written premiums approximated $19 million, and $37 million, respectively.