Purchase of Shares by Employee Benefit Trust at Conduit Holdings Limited

Conduit Holdings Limited, the ultimate parent company of Conduit Re, a Bermuda-based reinsurance business, announced that the Conduit Employee Benefit Trust (EBT) has purchased 150,000 shares on the London Stock Exchange at a gross price of £5.09 per share. The EBT is a discretionary trust for the benefit of employees of CHL and its subsidiaries, including the Executive Directors. The shares held in the EBT are intended to be used to satisfy awards made under the CHL employee share schemes. Following this transaction, a total of 7,483,860 shares, representing 4.529% of CHL's total voting rights, are held in the EBT. The EBT Trustee will abstain from exercising its voting rights over the shares unless specifically directed by CHL.

Conduit Re, a pure-play Bermuda-based reinsurance business with global reach, 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, with a stable outlook. Conduit Holdings Limited is listed on the London Stock Exchange (ticker: CRE) and is the ultimate parent of Conduit Reinsurance Limited and all its subsidiary companies.

For media contacts, H/Advisors Maitland can be reached at +44 (0) 207 379 5151 or [email protected]. For investor relations and other enquiries, contact [email protected]. Joint corporate brokers include Panmure Gordon (UK) Limited at +44 (0) 207 886 2500, Berenberg at +44 (0) 203 207 7800, and Peel Hunt at +44 (0) 207 418 8900. More information about Conduit Re can be found on their website and LinkedIn page.

This news provides insight into the recent purchase of shares by the Conduit Employee Benefit Trust, the structure of the trust, and the company's position in the reinsurance industry.