Admission to Listing Announcement: - White Rock Insurance (SAC) Ltd - PS#3 - Alpha Terra Validus III Notes Due 15 January 2020

Hamilton, Bermuda: January 16, 2019- The Bermuda Stock Exchange announces the admission of the following securities to its Official List:

·         Name of Issuer: - White Rock Insurance (SAC) Ltd acting in respect of its segregated account Alpha Terra Validus III

·         Description of Securities: - Alpha Terra Validus III Principal At-Risk Zero Coupon Notes due January 15, 2020

·         Nominal Amount of Securities: - US$5,000,000 of Notes

·        Listing Classification: - Section V – Insurance Related Securities

·         Method of Listing: - Placement to Qualified Investors

·         Date of Admission to Listing: - January 16, 2019

·         Listing Sponsor: - Estera Securities (Bermuda) Limited

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