Transaction Details

Footnotes

On July 2, 2025, Enstar Group Limited (the "Issuer") consummated the previously announced transaction with Sixth Street Partners, LLC ("Sixth Street"), pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, by and among Elk Bidco Limited, Enstar Group Limited and the other parties thereto, whereby Sixth Street indirectly acquired the Issuer (the "Merger"). In connection with the Merger, each Share Unit was canceled and converted into the right to receive a cash payment equal to the Merger Consideration. | These Share Units are held by Mr. Carey solely for the benefit of Stone Point Capital LLC ("Stone Point"), of which Mr. Carey is Co-Chief Executive Officer. Mr. Carey disclaims beneficial ownership of these Share Units, except to the extent of his pecuniary interest therein, if any. Stone Point may be deemed an indirect beneficial owner of these Share Units.