Kane SAC Limited is a Bermuda exempted company incorporated in Bermuda on 2 July 1981 and registered as a Class 3 insurer and as a Class C insurer under the Insurance Act 1978, as amended, and registered as a segregated accounts company under the Segregated Accounts Companies Act 2000 on 5 April 2005.

US$25,540,260 Dodeka IV Notes due 17 December, 2014 issued pursuant to the Program and in accordance with specific terms set out in the Prospectus Supplement No. 5 , dated 01 June 2014 and linked to the segregated account established by the Issuer and designated as “Dodeka IV Notes”. The business of the Issuer acting in respect of the Segregated Account consists solely of activities related to the issuance of the Dodeka IV Notes and the performance of its obligations under its reinsurance agreements with the Ceding Insurer.