Shareholder Information

Everen Specialty offers its policyholders the opportunity to become shareholders in the Company.

Eligible Everen Specialty policyholders may convert to shareholder status at any time.

To do so they must:

• Purchase at least $25 million in coverage limits.

• Complete the Shareholder Application and Information Form.

• Buy one share for US$5,000 (or its equivalent in foreign currency).

Shareholders accumulate voting rights (capped at 9.5%) based on premiums earned and can vote on matters presented at General Meetings. However, past premiums do not count toward voting and dissolution rights.

If dividends are declared or the Company is dissolved, shareholders qualify for monetary distributions.

Shareholders are invited to attend General Meetings of the Company and encouraged to serve on the Board of Directors of the Company.

If a shareholder stops buying policies or chooses to end their shareholder status, the Company will refund the US$5,000 share price, but without interest.

Important note: Everen Specialty Ltd. is a non-assessable mutual company and Shareholders cannot be assessed for anything beyond their premiums.