Conduit Holdings Limited Announces Purchase of Shares by Employee Benefit Trust

Conduit Holdings Limited (CHL) has announced the purchase of 39,282 shares by the Conduit Employee Benefit Trust (Conduit EBT) at a gross price of £5.37 per share. The shares, representing 5.00% of CHL's total voting rights, are intended to be used to satisfy awards made under the CHL employee share schemes. The Conduit EBT is a discretionary trust for the benefit of employees of CHL and its subsidiaries, including the Executive Directors. The Trustees of the Conduit EBT will abstain from exercising voting rights over the shares unless specifically directed by CHL. If CHL directs that the Conduit EBT Trustee may vote, CHL cannot direct the manner in which the Conduit EBT Trustee exercises its votes.

Conduit Re, a Bermuda-based reinsurance business and a subsidiary of CHL, is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).

For media contacts, H/Advisors Maitland can be reached at +44 (0) 207 379 5151 or via email at [email protected]. For investor relations and other enquiries, contact [email protected]. The joint corporate brokers are Panmure Gordon (UK) Limited, Berenberg, and Peel Hunt.

For more information about Conduit Re, visit their website at https://conduitreinsurance.com/.