Scottish Re Group Ltd Perp Pfd (SKRUF)

[Enterprising Investor]

From Third Quarter 2017 Consolidated Financial Statements (10/27/17)

Perpetual Preferred Shares – Right to Appoint Directors

The Company did not receive any additional nominations for the Perpetual Preferred Share director positions by the October 6, 2017 deadline set forth in the September 21, 2017 notification to holders of the outstanding Perpetual Preferred Shares. Accordingly, Mr. Davis is the sole nomination and is expected to be elected as a director to the SRGL Board, with immediate effect, at the special meeting of the holders of the Perpetual Preferred Shares on October 30, 2017, in accordance with the PPS Certificate of Designations.