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Hamilton, Bermuda: December 15, 2023 – Phoenician Re Limited (the “Company”) has advised the Bermuda Stock Exchange (the BSX) of the maturity and redemption of the following securities listed on the BSX:

Phoenician Re Ltd Series 2020-1 Class A Principal At-Risk VR Notes due 14 December 2023

Phoenician Re Ltd Series 2020-2 Class A Principal At-Risk VR Notes due 14 December 2023

The de-listing of the securities from the BSX pursuant to the provisions of the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.33 is effective today, December 15, 2023.

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