Quercus Re DAC (the “Issuer”) is an Irish designated activity company limited by shares authorized by the Central Bank of Ireland (the “CBI”) as a special purpose vehicle for the purposes of Directive 2009/138/EC (as amended) (the “Solvency II Directive”) and under the European Union (Insurance and Reinsurance) Regulations 2015 of Ireland (the “Reinsurance Regulations”). The Issuer was incorporated under the laws of Ireland on April 8, 2024 under company number 761388.

Quercus Re DAC - €150,000,000 - Principal At-Risk Variable Rate Notes due July 8, 2027