On September 10, 2018, Sirius International Insurance Group Ltd. ("Sirius Group"), announced key promotions and the formation of a new management committee. These changes are being made in anticipation of the previously announced business combination of Sirius Group with Easterly Acquisition Corp. ("Easterly"), pursuant to which Easterly will merge with and become a wholly owned subsidiary of Sirius Group, and Sirius Group will become a publicly listed company. Kernan V. (Kip) Oberting was appointed as President of Sirius Group, and will manage the corporate, investment management, finance and public company financial reporting functions of Sirius Group. He will also continue to serve as Chief Financial Officer of Sirius Group and President of Sirius Capital Markets Inc. Monica Cramér Manhem was appointed to the newly created role of Chief Operating Officer of Sirius Group, and will be responsible for the day-to-day administration and operation of the insurance and reinsurance businesses of Sirius Group. She will also continue to serve as President and Chief Executive Officer of Sirius International Insurance Corporation (publ.). Gene Boxer was appointed to the newly created role of Chief Strategy Officer of Sirius Group, and will be responsible for guiding the development and driving the delivery of the company's strategic initiatives. He will also continue to serve as Executive Vice President, Group General Counsel of Sirius Group. Each of Mr. Oberting, Ms. Cramér Manhem and Mr. Boxer will continue to report to Chairman and Chief Executive Officer, Allan L. Waters, and will serve with Mr. Waters on Sirius Group's new Management Committee. The Committee is the senior decision-making body responsible for the oversight of the day-to-day business operations of Sirius Group.