Artex Axcell Re (Bermuda) 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 “Aquarelle” At Risk USD $50,000,000 Class A Notes due 20 June 2024 (the “Aquarelle Notes”); pursuant to the Artex SAC Limited ILS Note Programme II.