123 Lights Re Ltd. (the “Issuer”) is a Bermuda exempted company incorporated with limited liability and registered as a special purpose insurer under the Bermuda Insurance Act 1978 and related rules and regulations, each as amended (the “Insurance Act”). The Issuer is not, and does not intend to become, a 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 July 25, 2025, with registration number 202504923.

123 Lights Re Ltd - US$100,000,000 - Series 2025-1 Class A Principal At-Risk Variable Rate Notes due Sept 14, 2028