Conduit Holdings Ltd. - Directorate Change

Pembroke, Bermuda - 25 July 2023

Pembroke, Bermuda - 25 July 2023

Conduit Holdings Limited

("CHL" LSE ticker: CRE)

Directorate Change

CHL, the parent company of Conduit Re, a pure-play reinsurance business based in Bermuda, today announces the appointment of Rebecca Shelley as a non-executive director with effect from 24 July 2023.

Rebecca brings extensive commercial and financial services experience to the Board, as well as her background in investor relations and communications roles at public companies. Having been Investor Relations and Corporate Communications Director at Norwich Union plc from 1998-2000, Rebecca moved to Prudential plc in 2000, starting as Investor Relations Director, and then became Group Communications Director with a seat on their group executive committee.

From 2012 to 2016, Rebecca was the Group Communications Director of Tesco plc and a member of their Executive Committee. During this time she held positions on the board of the British Retail Consortium and was a trustee of the Institute of Grocery Distribution. In her final executive role Rebecca spent three years at broker TP ICAP plc as Group Corporate Affairs Director, and was a member of the global executive committee.

Rebecca currently serves as a non-executive director of Sabre Insurance, Liontrust Asset Management and Hilton Food Group. In her various non-executive director roles, she has served on remuneration (including as chair), nomination, audit and risk committees and as the senior independent director. She is also chair of the sustainability committee at Hilton Food Group.

Rebecca will serve on CHL's Nomination and Remuneration Committees, and will join Conduit's ESG Committee.

Neil Eckert, Executive Chairman, commented:

"I am delighted to welcome Rebecca to our Board. She brings a wealth of public company and City experience. Along with extensive knowledge of financial services, she has a strong background in investor and public relations and in sustainability. She is also the Senior Independent Director of two other UK public companies."

Trevor Carvey, Chief Executive Officer, added:

"We look forward to benefiting from Rebecca's experience and considerable expertise as we continue to build the business on the strong foundations put in place to date."

There is no further information required to be disclosed with respect to Ms. Shelley's appointment pursuant to paragraph 9.6.13R of the Listing Rules.

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