The Issuer is a Bermuda exempted company incorporated with limited liability to be registered as a special purpose insurer under the Insurance Act. The Issuer is not, and does not intend to become, a licensed insurance or reinsurance company in any state of the United States or in any jurisdiction other than Bermuda. The Issuer was incorporated under the laws of Bermuda on May 4, 2016 with registration number 51438.

Laetere Re Ltd Principal At-Risk Variable Note Programme was admitted to the Official List the BSX on May 31, 2016.