Sailfish Re Ltd. (the “Company”), a Bermuda exempted company registered as an unrestricted special purpose insurer under the Bermuda
Insurance Act 1978 and related rules and regulations, each as amended (the “Insurance Act”) and registered as a segregated accounts company
under the Bermuda Segregated Accounts Companies Act 2000, as amended (the “SAC Act”), acting in respect of its segregated account designated as “Koi Re” (the “Issuer”). The Company was incorporated under the laws of Bermuda on 14 December 2022, with
registration number 202202023.

Sailfish Re Ltd - Koi Re US$30,000,000 - Series 2025-1 Class A Principal At-Risk Variable Rate Notes due June 5, 2026