Windmill III Re DAC, is a designated activity company limited by shares incorporated under the laws of Ireland and authorized, subject to the satisfaction of certain conditions which will be satisfied in advance of the Initial Issuance Date, as a multi-arrangement special purpose vehicle in Ireland under the Reinsurance Regulations. The Issuer was incorporated under the laws of Ireland on January 23, 2024 under the comapany number 756212.

Windmill III Re DAC Principal At-Risk Variable Rate Note Program