NOTICE OF FIRST AND FINAL DISTRIBUTION TO SHAREHOLDERS <br /> December 24, 2019 (12/24/19) <br /> <br /> Notice is given that Primus Guaranty, Ltd. (In Members’ Voluntary Liquidation) (“the Company”), hereby declares a first and final distribution to the shareholders of the Company, effective on 24 December 2019. This proposed first and final distribution are at the rate of US$0.149 or 14.9 cents per share amounting to a total distribution of US$3,177,602.01 less bank charges. <br /> <br /> In light of the recent change in Bermuda legislation regarding Anti-Money Laundering and Anti- Terrorist Financing (AML/ATF) laws, service providers are now required to obtain due diligence information and documentation. Therefore, all shareholders are required to complete the information in the enclosed information questionnaire and send it back to the Liquidator at CBCBMRestructuring@deloitte.com. For shareholders who own more than 10% of shares or 2,132,618 shares in the Company, you are required to submit additional documents to the Liquidator. Please refer to the information questionnaire for more information. <br /> <br /> Kindly be advised that the offer expiration date is February 24, 2020 at 6:00PM (ADT) / 5:00 PM (EST). <br /> <br /> Should you have any further queries on the above, please do not hesitate to contact us at CBCBMRestructuring@deloitte.com. <br /> <br /> Rachelle Frisby <br /> <br /> Power of attorney for Mark W.R. Smith, Liquidator of Primus Guaranty, Ltd.