Mr. George Sipsis reports

SAGICOR FINANCIAL CAUTIONS INVESTORS REGARDING NEW YORK STOCK AND BOND LLC MINI-TENDER OFFER FOR SHARES

Sagicor Financial Company Ltd. has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC to purchase up to 100,000 Sagicor common shares, or less than 0.075 per cent of the common shares outstanding, at a price of $4.30 (U.S.) ($6.12) per common share.

Sagicor is in no way associated with New York Stock and Bond and does not recommend or endorse acceptance of this unsolicited offer.

The unsolicited offer represents a discount of approximately 23.98 per cent below the closing price of Sagicor's common shares on the TSX on Feb. 13, 2025, the last trading day before the mini-tender offer was commenced, and a discount of approximately 14.17 per cent to the closing price of Sagicor's common shares on the TSX on March 7, 2025. The common shares do not trade on a recognized stock exchange in the United States.

Mini-tender offers are designed to seek less than 5 per cent of a company's outstanding shares, avoiding disclosure and procedural requirements applicable to most bids under Canadian and United States securities regulations. Securities regulators have expressed serious concerns about mini-tender offers. To read more about the risks of mini-tender offers, please review the Canadian Securities Administrators' comments on-line.

Shareholders should carefully review the New York Stock and Bond offer documents and current market price for Sagicor common shares and consult their investment advisors regarding any offer they may receive and review with their advisers all options for their investment in Sagicor common shares. According to New York Stock and Bond's offer documents, Sagicor shareholders who have already tendered their common shares can withdraw their shares no more than 14 days after the date of delivery of their tender form to the depositary by following the procedure described in the offer documents.

Sagicor requests that a copy of this news release be included in any distribution of materials relating to New York Stock and Bond's mini-tender offer for Sagicor common shares.

About Sagicor Financial Company Ltd.

Sagicor Financial Company is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor's registered office is located at Clarendon House, 2 Church St., Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados.