Extension and Partial Redemption for FloodSmart Re Ltd Series 2020-1 Class B Principal At-Risk Variable Rate Notes Due February 27, 2023

Hamilton, Bermuda: 9 March 2023 – FloodSmart Re Ltd (the “Company”) has advised the Bermuda Stock Exchange (BSX) of the extension of the maturity date of the Company’s BSX listed 2020-1 Class B Principal At-Risk Variable Rate Notes Due 27 February 2023 to 27 February 2027.

The Exchange has therefore extended the maturity date of the Notes pursuant to the provisions of the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.33.

The Company has also advised the Exchange of a partial reduction of the Class B shares of $80,000,000 on 27 February 2023, pursuant to the provisions of the BSX Listings Regulations, Section 5, Chapter 6, Regulation 6.8. The revised outstanding limit is now $20,000,000.

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