Sutter Re Ltd., ("the Issuer") is a Bermuda exempted company registered under the Bermuda Insurance Act 1978 and related regulations, each as amended, as a special purpose insurer. The Issuer was incorporated under the laws of Bermuda on March 31, 2020, and its one (1) issued common share is held pursuant to the terms of a Declaration of Trust dated March 30, 2020 by Appleby Global Corporate Services (Bermuda) Ltd. as Trustee of the Sutter Re Ltd. Purpose Trust, a Bermuda purpose trust.

Sutter Re Ltd. Principal At-Risk Variable Rate Note Program;