On January 10, 2023, the Board of Directors of NI Holdings, Inc. increased the number of directors on the Board to eight directors and appointed Prakash Mathew as a Class II director of the Company to fill the resulting vacancy, effective February 1, 2023, to serve until the 2024 Annual Meeting of Stockholders, or until his earlier death, disqualification, resignation, or removal. The Board has determined that Mr. Mathew is an independent director under the listing standards of the Nasdaq Capital Market. As of the date of this Current Report on Form 8-K the Board has not appointed Mr. Mathew to any committees of the Board.

The Company will amend this Report when Mr. Mathew is appointed to any Board committees.