Blue Capital Reinsurance Hol: ings (in liquidation) Reports June 30, 2022 Financial position and final distribution

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Blue Capital Reinsurance Holdings (in liquidation) declares June 30, 2022 Financial position and final distribution

HAMILTON, Bermuda – August 23, 2022 – Blue Capital Reinsurance Holdings Ltd. (In Liquidation) (OTC: BCRHF) (the “Company”), a Bermuda holding company, today announced its financial position for the six months ending June 30, 2022 The Company, through its subsidiaries operations, previously offered collateral reinsurance in the real estate catastrophe market and invested in various insurance-related securities. The Company is currently ceasing its activities.

Net assets in liquidation as of June 30, 2022 were $1.6 million. The fully converted book value per common share of the Company was $0.186 as of June 30, 2022 and the Company declares a final distribution of $0.186 per share with a record date of September 8, 2022 and a pay date of September 19, 2022 The title will be delisted from the OTC at the same time as the final distribution.

About the company

Blue Capital Reinsurance Holdings Ltd. (in liquidation) is currently ceasing its activities. The Company, through its operating subsidiaries, previously offered guaranteed reinsurance in the property catastrophe market, leveraging the expertise and underwriting infrastructure of established resources. Underwriting decisions, operations and other management services are provided to the Company by Blue Capital Management Ltd., a subsidiary of Sompo International Holdings Ltd. (a wholly owned subsidiary of Sompo Holdings, Inc.), a recognized global specialty property and casualty insurance provider. insurance and reinsurance company and a leading catastrophe and short-term reinsurer since 2001. Additional information is available at www.bcapre.bm.

contacts

Investor Relations

Telephone: +1 441 278 0988

Email: [email protected]

Teneo

Email: [email protected]

Mike Morrison – Joint Liquidator

Charles Thresh – Joint Liquidator

Forward-looking statements

Some of the statements in this press release may include, and the Company may make related oral, forward-looking statements that reflect our current views regarding future events and financial performance. These statements may include forward-looking statements both with respect to us generally and the insurance and reinsurance industries in particular, both with respect to underwriting and investment matters. Statements that include the words “should”, “should”, “expect”, “estimate”, “intend”, “plan”, “believe”, “project”, “target”, “anticipate “, “research”, “will”, “deliver” and similar statements of a future or forward-looking nature identify the forward-looking statements in this press release.

All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or may be important factors that could cause the liquidation performance of the Company and the timing and amount of special distributions to differ materially from those set forth in the forward-looking statements. These factors include, but are not limited to, increased frequency or severity of claims and losses, uncertainties in our reserving process, changes in our tax status, credit risk related to our brokerage counterparties, assessments for high-risk or uninsured persons, possible terrorism or outbreak of war, loss of key personnel, political conditions, changes in insurance regulations, operational risk, including risk of fraud and errors and

omissions, as well as technology violations or failures, changes in accounting policies, our investment performance, valuation of our invested assets, violation of our investment guidelines, potential treatment of us as a investment or a passive foreign investment company for purposes of US securities laws or US federal taxation, respectively, our reliance as a holding company on dividends or distributions from our subsidiaries operations, future unavailability of capital, changes in global financial and capital markets, government intervention in the insurance and reinsurance industry, illiquidity in credit markets, changing economic conditions general and other factors.

The foregoing discussion of material factors should not be construed as complete and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the risk factors included in the most recent annual financial statements of the Company posted on the Company’s website. All forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, will have the consequences expected on , or effects on the Company or its business or operations. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

The content of any website referenced in this press release is not incorporated by reference herein.

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