Lion III Re DAC (Issuer) is a designated activity company limited by shares incorporated under the laws of Ireland on March 5, 2021, under company number 689732, and authorized a special purpose vehicle in Ireland under the European Union (Insurance and Reinsurance) Regulations 2015 of Ireland.

Lion III Re DAC’s XEU200,000,000 Principal-At-Risk Variable Rate Notes due July 16, 2025.