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THIRD POINT INVESTORS LIMITED INVESTOR GROUP ("THE GROUP")

STATEMENT IN RELATION TO THE PROPOSED ALL-SHARE COMBINATION BETWEEN THIRD POINT INVESTORS LIMITED AND MALIBU LIFE REINSURANCE SPC ("PROPOSED TRANSACTION")

UPDATE ON GROWING OPPOSITION TO THE TRANSACTION

1^st August 2025

The Group announces that it has received further indications of support from fellow shareholders in relation to opposing the resolutions proposed at the forthcoming EGM, scheduled for 14^th August 2025 at 10:00 a.m.

The Group is currently comprised of Asset Value Investors Limited, Evelyn Partners Investment Management Limited, Almitas Capital LLC, Staude Capital Pty Limited and Metage Capital Limited.

As of the date of this announcement, shareholders representing an additional 10% of the ordinary shares of Third Point Investors Limited ("TPIL") have confirmed their intention to vote against the Proposed Transaction.

Together with the Group's 14%, this means at least 24% of ordinary shares intend to vote against the proposals, exceeding the approximately 21% of shareholders, excluding Third Point, who signed irrevocable commitments, or otherwise expressed their intention, to vote in favour.

This reinforces the Group's belief that the Proposed Transaction does not have the support of a majority of shareholders that are not affiliated with Third Point.

The Group has today raised further concerns around the Proposed Transaction, which can be found at www.tpilinvestorgroup.com

Shareholders are reminded to submit their proxy votes in accordance with the instructions set out in the shareholder Circular dated 25^th July 2025.

ENDS

Enquiries

Advisers to the Group

Communications - Nepean

Woolf Thomson Jones / Harry Roxburgh

+44 (0) 7376 392 693 / +44 (0) 7814 372 664

[email protected]

Legal - Ogilvy & Wachtel LLP

Robert Ogilvy Watson

+44 (0) 20 8396 0967

[email protected]