Alturas Re Ltd., was incorporated under the laws of Bermuda on November 8, 2018.

Alturas Re is registered as a segregated account company under the SAC Act and expects

registered as a Bermuda special purpose insurer. All of Alturas Re’s issued and

outstanding share capital (one share of common stock, par value $1.00 per share) linked to

its general account is held by the Share Trustee, as trustee of the Purpose Trust pursuant

to the Declaration of Trust.

Alturas Re Ltd. US$41,945,000 Series 2020-1(I) Class B Participating Notes due 10 March

2023;