White Rock Insurance Company PCC Limited (“the Company”) is a Guernsey Protected Cell Company, in its current form since 1997, and is active in providing a facility to clients for underwriting insurance business. White Rock’s principal activity is the provision of Protected Cells. Effective July 24, 2013, under the laws of Guernsey, White Rock received its long term Category 4 license under The Insurance Business (Bailiwick of Guernsey) Law, 2002 (the “Insurance Law”) .

White Rock Insurance Company PCC Ltd Randolph Re Principal At-Risk Variable Rate Note Program