Atela Re Ltd., is a Bermuda exempted company limited by shares and licensed as a special purpose insurer under the Insurance Act. The Issuer is not, and does not intend to become, a registered or 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 the Issuer’s Date of Incorporation, as specified in the applicable Offering Circular Supplement, with registration number 202403366.

Atela Re Ltd. Principal At-Risk Variable Rate Note Program