Admission to Listing Announcement: December 7, 2022 - Sanders Re III Ltd. – Series 2022-3 Class A Principal-at-Risk Variable Rate Notes due April 7,

Hamilton, Bermuda: December 7, 2022 - The Bermuda Stock Exchange announces the admission of the following securities to its Official List :-

·         Name of Issuer: - Sanders Re III Ltd.

·         Description of Securities: - Series 2022-3 Class A Principal-at-Risk Variable Rate Notes due April 7, 2022.

·         Nominal Amount of Securities: - USD 100,000,000.

·         Listing Classification: - Section V - Insurance Related Securities.

·         Method of Listing: - Private Placement to Qualified Investors.

·         Date of Admission to Listing: - December 7, 2022.

·         Listing Sponsor: - First Bermuda Securities.

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