Mr. Ted Goldthorpe reports

MOUNT LOGAN CAPITAL INC. EXPANDS CORPORATE CREDIT FACILITY IN SUPPORT OF KEY BUSINESS INITIATIVES

Mount Logan Capital Inc.'s wholly owned subsidiary, MLC U.S. Holdings LLC, as borrower, has entered into an amendment to its existing credit agreement to upsize the facility by approximately $13.0-million, while amending the facility to, among other things, incorporate a pricing step-down mechanism as the business continues to perform, which is expected to reduce Mount Logan's cost of debt. The fourth amendment also provides for additional distribution capacity from MLC U.S. Holdings to Mount Logan to support key business initiatives. The net new proceeds will enable Mount Logan to further invest in its two key business segments. Proceeds will also be used for general corporate purposes and paying related transaction fees and expenses. The outstanding principal amount and accrued but unpaid interest in respect of the credit facility will become payable on Aug. 20, 2027, subject to certain adjustments pursuant to the credit agreement.

Ted Goldthorpe, chief executive officer and chairman of Mount Logan, commented: "The opportunistic upsize and amendment to our credit facility reflects Mount Logan's strong financial performance following significant investment into the business. The incremental proceeds provide Mount Logan flexibility to further invest into our two synergistic business segments, asset management and insurance. The transaction provides us additional liquidity for key business initiatives with a clear pathway to reducing our cost of debt as our business continues to perform. We are incredibly appreciative of our financing partner, who has been critical to driving Mount Logan's growth story since we established the credit facility in August, 2021."

As collateral security for its obligations under the credit agreement, MLC U.S. Holdings has granted in favour of the lenders a security interest in all of the assets of MLC U.S. Holdings. In addition, Mount Logan has guaranteed the obligations of MLC U.S. Holdings under the credit agreement in favour of the lender. MLC U.S. Holdings is the holding company for Mount Logan's U.S. asset management business.

About Mount Logan Capital Inc.

Mount Logan Capital is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries, Mount Logan Management LLC (ML Management) and Ability Insurance Company, respectively. The company also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

Ability is a Nebraska-domiciled insurer and reinsurer of long-term care policies acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is unique in the insurance industry in that its long-term care portfolio's morbidity risk has been largely reinsured to third parties and Ability is no longer insuring or re-insuring new long-term care risk.

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