SHL : Liquidation Basis Statement of Net Assets and Changes in Net Assets as of June 30, 2022

SHL Holdings Ltd.

(Formerly Syncora Holdings Ltd.)

Liquidation Basis Financial Statements

(Unaudited)

As of June 30, 2022 and for the Six Months Then Ended

(U.S. dollars in thousands)

Liquidation Basis Statement of Net Assets
Cash and cash equivalents	$	5,560
Estimated liquidation value of assets		840
Accrued estimated liquidation costs		(2,777)
Net assets in liquidation as of June 30, 2022	$	3,623

Liquidation Basis Statement of Changes in Net Assets
Net assets in liquidation, January 1, 2022	$	21,515
Cash distribution to common shareholders on March 15, 2022		(13,929)
Remeasurement of assets and liabilities		(3,963)
Net assets in liquidation as of June 30, 2022
$	3,623