Admission to Listing Announcement: - Merna Re II Ltd., US$250,000,000 Series 2020-1 Class A Principal-At-Risk Variable Rate Notes due April 7, 2023;

Hamilton, Bermuda: June 1, 2020 -: The Bermuda Stock Exchange announces the admission of the Merna Re II Ltd.,Series 2020-1 Class A Principal At-Risk Variable Rate Notes Due 7 April 2023; pursuant to its Note Programto its Official List:

•          Name of Issuer: - Merna Re II Ltd.,

•         Description of Securities: - Series 2020-1 Class A Principal At-Risk Variable Rate Notes Due 7 April 2023;

•      Nominal Amount: - US$250,000,000 of Notes.

•          Listing Classification: - Section V – Insurance Related Securities.

•        Method of Listing: - Private Placement.

•          Date of Admission to Listing: - June 1, 2020.

•         Listing Sponsor: - Clarien BSX Services Limited.

                                                 # # #

For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com. Information is also available at www.bsx.com and on Bloomberg at BSX The BSX was founded in 1971 and is the world’s leading fully electronic offshore securities market. The BSX list equities, mutual funds and bonds, depository receipts and derivative warrant securities. The BSX is a full member of the World Federation of Exchanges (WFE) and an affiliate member of IOSCO. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules.