Conduit Holdings Limited Announces Purchase of Shares by Employee Benefit Trust

Conduit Holdings Limited, the ultimate parent company of Conduit Re, a Bermuda-based reinsurance business, has announced the purchase of 150,000 shares by the Conduit Employee Benefit Trust (Conduit EBT). The shares were acquired at a gross price of £5.235 per share on the London Stock Exchange and are intended to be used for employee share schemes. The Conduit EBT, a discretionary trust for the benefit of CHL and its subsidiaries' employees, now holds a total of 8,158,860 shares, representing 4.938% of CHL's total voting rights.

The Executive Directors of CHL are beneficiaries of the Conduit EBT and are deemed to be interested in the share awards made to them. Following the transaction, the Conduit EBT Trustee will abstain from exercising its voting rights over the shares held at any general meeting of CHL, unless specifically directed by CHL. If CHL directs that the Conduit EBT Trustee may vote, it cannot direct the manner in which the votes are exercised.

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.

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]. Joint corporate brokers include Panmure Gordon (UK) Limited, Berenberg, and Peel Hunt.

For more information about Conduit Re, visit their website at https://conduitreinsurance.com/ or their LinkedIn page at https://www.linkedin.com/company/conduit-re.