Mr. Dodridge Miller reports

SAGICOR FINANCIAL COMPANY LTD. ANNOUNCES RESULTS OF THE ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Sagicor Financial Company Ltd. has released the results of its annual and special meeting of holders of common shares held on June 16, 2023. A total of 68,073,580 common shares, representing 47.81 per cent of common shares issued and outstanding as of April 27, 2023, the record date of the meeting, were represented.

Results of the matters voted on at the meeting are set out herein.

Election of directors

The company's 14 director nominees were elected.

                VOTING RESULTS FOR ELECTION OF DIRECTORS

                                 Votes for (%)          Votes withheld (%)

Mahmood Khimji                         99.58%                       0.42%
Andre Mousseau                         99.95%                       0.05%
Dodridge Miller                        99.95%                       0.05%
Sir Hilary Beckles                     99.50%                       0.50%
Dr. Archibald Campbell                 99.57%                       0.43%
Peter Clarke                           99.97%                       0.03%
Keith Duncan                           99.97%                       0.03%
Monish Dutt                            99.96%                       0.04%
Stephen Facey                          99.56%                       0.44%
Dennis Harris                          99.97%                       0.03%
Gilbert Palter                         99.93%                       0.07%
Alan Ryder                             99.93%                       0.07%
Reza Satchu                            99.56%                       0.44%
Aviva Shneider                         99.97%                       0.03%

Appointment of auditor and authorization of board to fix remuneration

PricewaterhouseCoopers SRL was reappointed as auditor of the company.

Votes for:  98.51 per cent

Votes withheld:  1.49 per cent

Renewal of restricted share unit plan and approval of unallocated RSUs

The RSU plan was renewed, and approval of the unallocated RSUs was granted.

Votes for:  99.19 per cent

Votes withheld:  0.81 per cent

Full voting results on all matters voted on at the meeting will be filed on SEDAR.

About Sagicor Financial Company Ltd.

Sagicor (Toronto Stock Exchange: SFC) is a leading financial service provider in the Caribbean, with over 180 years of history, and has a growing presence as a provider of life insurance products in the United States. On Aug. 25, 2022, Sagicor announced that it had entered into a definitive agreement to acquire ivari, a leading middle-market individual life insurer in Canada with over 80 years of history in the region. Sagicor offers a wide range of products and services, including life, health and general insurance, banking, pensions, annuities, and real estate.