Conduit Holdings Limited Announces Purchase of Shares by Employee Benefit Trust

Conduit Holdings Limited (CHL) has announced that the Trustees of the Conduit Employee Benefit Trust (Conduit EBT) have purchased 75,000 shares of USD 0.01 par value each on the London Stock Exchange at a gross price of £5.152 per share. The shares held in the Conduit EBT 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. Following this transaction, a total of 7,558,860 shares representing 4.574% of CHL's total voting rights is held in the Conduit EBT.

The Conduit EBT Trustee shall abstain from exercising its voting rights over the shares held by the Conduit EBT at any general meeting of CHL 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 pure-play 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 [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.

This summary is based on the news provided by Conduit Holdings Limited on 28 February 2024.