Charles River Re Ltd is a Bermuda exempted company limited by shares and is registered as a special purpose insurer under
the Bermuda Insurance Act of 1978 and related rules and regulations, each as amended (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 March
4, 2024 with registration number 202403282.

Charles River Re Ltd. US$125,000,000 - Series 2024-1 Class A Principal At-Risk Variable Rate Notes due May 10, 2027