RNS Number : 2680AConduit Holdings Limited23 May 2023

Pembroke, Bermuda - 23 May 2023

Conduit Holdings Limited

("CHL") (Ticker:CRE)

Transfer of Treasury Shares

Conduit Holdings Limited announces that on 18 May 2023, 757,823 Common Shares of US$0.01 each ("Common Shares") were transferred from its treasury account into the Company's Employee Benefit Trust (EBT).

Following the transfer, CHL will have a total of 165,239,997 Common Shares, and therefore voting rights, in issue, of which none are held in treasury.

CHL's Employee Benefit Trust currently holds as beneficiary 4,847,860 Shares and, unless specifically directed by CHL, shall abstain from exercising its voting rights at any general meeting of the Company. If CHL directs that the EBT may vote, CHL cannot direct the manner in which the EBT exercises its vote.

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Alistair de Kare-Silver

+44 (0) 207 379 5151

[email protected]

Investor relations and other enquiries:

[email protected]

Panmure Gordon (UK) Limited (Joint Corporate Broker)

+44 (0) 207 886 2500

Berenberg (Joint Corporate Broker)

+44 (0) 203 207 7800

Peel Hunt (Joint Corporate Broker)

+44 (0) 207 418 8900

About Conduit Re

Conduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited 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. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. ENDPOSPPURUAUPWPGP



Supplied Euroland.com - Privacy Policy