Handshake Re Ltd., the Issuer is a Bermuda exempted company limited by shares registered as a special purpose insurer under 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 November 18, 2025 with registration number 202505340.

Handshake Re Ltd Principal At-Risk Variable Rate Note Program