$50 million Share Buyback Programme

Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today provides further details of the share buyback programme of up to $50 million which was announced on 13 May 2026 (the "Buyback Programme"). Conduit Holdings is pleased to have returned $47 million to shareholders via the previous buyback programme which concluded on 12 May 2026 and was enacted over the last twelve months, through the purchase of 8,818,484 common shares of $0.01 each (the "Common Shares").

Panmure Liberum Limited ("PL") has been appointed by Conduit Holdings to execute and manage independently repurchases of up to $50 million of common shares of $0.01 each in the capital of Conduit Holdings within set parameters, through on-market purchases under the Buyback Programme.

The purpose of the Buyback Programme is to return additional capital to shareholders, in line with Conduit Holdings' capital management strategy. The Buyback Programme will be funded from Conduit Holdings' existing cash resources and all Common Shares repurchased will be held in treasury. Pursuant to the shareholder authority obtained at Conduit Holdings' AGM held on 13 May 2026, treasury shares can be re-sold for cash, cancelled or used for the purposes of Conduit Holdings' 2023 Long Term Incentive Plan or any future approved employee share schemes. Repurchases may be made from the date of this announcement, up to and including the conclusion of Conduit Holdings' 2027 Annual General Meeting (the "2027 AGM") or at 6.00 p.m. (Atlantic time) on 13 August 2027, whichever is sooner (unless the Buyback Programme is terminated earlier).

Conduit Holdings has given PL an irrevocable instruction to make market purchases of Common Shares on its behalf independently. In accordance with Article 5(1) of Regulation (EU) No 596/2014 Conduit Holdings will not purchase on any trading day more than 25% of the average daily trading volume of the Common Shares calculated based on the 20 trading days preceding the date of purchase of such Common Shares. PL will make its trading decisions in relation to the Common Shares independently of Conduit Holdings.

Conduit Holdings intends to conduct the Buyback Programme within the limitations of the shareholder authority obtained at Conduit Holdings' AGM held on 13 May 2026 under which the maximum price (exclusive of expenses) which may be paid for a Common Share shall not be more than the higher of: (i) an amount equal to 105 per cent. of the average middle market quotations for a Common Share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the Common Share is purchased; and (ii) an amount equal to the higher of the price of the last independent trade of a Common Share and the highest current independent bid for a Common Share as derived from the London Stock Exchange Trading System.

The Buyback Programme may be suspended and/or cancelled, subject to market factors, and there is no guarantee that the Buyback Programme will be executed in full or that any repurchases will be made.

Conduit Holdings confirms that it is not in possession of any inside information and is not in a closed period.

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