Admission to Listing Announcement: Ursa Re Ltd. US$250,000,000 Series 2018-1 Class D, Principal At-Risk Variable Rate Notes due September 24, 2021

Hamilton, Bermuda: September 14, 2018 - The Bermuda Stock Exchange announces the admission of the following securities to its Official List:

·       Name of Issuer: - Ursa Re Ltd.

·       Description of Securities: -Series 2018-1 Class D,Principal At-Risk Variable Rate Notes due September 24, 2021 pursuant to its Note Programme.

·       Nominal Amount of Securities: - US$250,000,000 of Notes

·       Listing Classification: - Section V – Insurance Related Securities

·       Method of Listing: - Subscription by Qualified Investors

·       Date of Admission to Listing: - September 14, 2018.

·       Listing Sponsor: - Estera Securities (Bermuda) Limited

                                                 # # #

For more information on the Bermuda Stock Exchange (BSX), contact James McKirdy at 1-441-292-7212 or jmckirdy@bsx.com. Information is also available at www.bsx.com and on Bloomberg at BSX <GO> the BSX was founded in 1971 and is the world’s leading fully electronic offshore securities market. The BSX list equities, mutual funds and bonds, depository receipts and derivative warrant securities. The BSX is a full member of the World Federation of Exchanges (WFE) and an affiliate member of IOSCO. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules.