REG - Conduit Holdings Ltd - Directorate changes

Conduit HoldingsAnnouncement

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RNS Number : 1080T  Conduit Holdings Limited  16 February 2026

Pembroke, Bermuda - 16 February 2026

Conduit Holdings Limited

("Conduit Holdings"; LSE ticker: CRE)

Directorate Changes

Conduit Holdings, the ultimate parent company of Conduit Re, a multi-line
Bermuda-based reinsurance business, is pleased to announce the appointment of
Nicholas Shott as Chair of the Board with effect from 13 February 2026. He has
also been appointed Chair of the Nomination Committee, succeeding Ken Randall.
Nicholas was appointed to the Conduit Holdings Board in November 2025 and has
served on the Nomination and Remuneration Committees.

In line with these changes, Rebecca Shelley will resume her role as Senior
Independent Director, also succeeding Ken Randall in that capacity. She will
continue to serve as Chair of the Remuneration Committee.

Commenting on the appointment, Neil Eckert, Chief Executive Officer, said: "On
behalf of the Board, I would like to congratulate Nicholas on his appointment
as Chair. I look forward to working with him as Conduit moves into the next
phase of its development. I would also like to express our sincere thanks to
Rebecca for serving as Interim Chair during our search process. Her leadership
ensured stability and continuity at a pivotal time for the business. The Board
is equally grateful to Ken Randall for his significant contribution as Chair
of the Nomination Committee since Conduit's IPO in 2020, and for stepping into
the Senior Independent Director role while Rebecca undertook her interim
responsibilities."

Nicholas Shott added: "I am delighted to have been appointed as Chair of the
Board. I intend to bring a relentless focus to supporting the Executive team
in maximising value for Conduit's shareholders."

Further Board Succession Updates

Elizabeth Murphy will step down and retire from the Board prior to the 2026
AGM in May. Her retirement reflects normal Board‑succession planning, as she
enters her sixth year of service. The recruitment process for her successor
has been underway for some time and is nearing conclusion.

Media contacts

Haggie Partners - David Haggie / Peter Rigby / Caroline Klein

+44 (0) 207 562 4444

conduitre@haggiepartners.com

Investor relations and other enquiries

brett.shirreffs@conduitre.bm

Panmure Liberum (Joint Corporate Broker)

+44 (0) 207 886 2500

Berenberg (Joint Corporate Broker)

+44 (0) 203 207 7800

Peel Hunt (Joint Corporate Broker)

+44 (0) 207 418 8900

 

About Conduit Re

Conduit Re is a Bermuda-based multi-line reinsurance business with global
reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary
Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength
Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a-
(Excellent) to Conduit Reinsurance Limited. The outlook assigned to these
ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited
and is listed on the London Stock Exchange (ticker: CRE). References to
"Conduit" include Conduit Holdings Limited and all of its subsidiary
companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

 

 

 

 

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