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STATEMENT REGARDING THE RECENT PRESS COMMENT IN RELATION TO THE SALE OF ACCREDITED

STATEMENT REGARDING THE RECENT PRESS COMMENT IN RELATION TO THE SALE OF ACCREDITED

22 SEPTEMBER 2023

Statement regarding the recent press comment in relation to the sale of Accredited

The Board of R&Q Insurance Holdings Ltd (“R&Q”, the “Company”) notes the press commentary regarding a potential sale of the Company’s Program Management business, Accredited.

As previously announced, the Board has been undertaking a review of the strategic options for the Group, which has included the legal separation of Accredited and R&Q Legacy. The Board confirms that it is in an advanced stage of discussions with Onex Corporation (“Onex”) regarding a potential sale of Accredited.

If and when appropriate, a further announcement will be made.

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