Artex SAC Limited (formerly 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.

Artex SAC Limited (the “Issuer”) acting in respect of its Segregated Account Series “Tenby” At Risk USD $30,000,000 Notes due 10 October 2022(the “Tenby Notes”); pursuant to the Artex SAC Limited ILS Note Programme II.