Lloyd's Capital Structure Overview

LLOYD'S Timeline of the Lloyd's Brussels subsidiary : • • Lloyd's Brexit lobbying position: continued trade with Single Market. No 'hard Brexit', transitional arrangements instead. Ongoing engagement with UK Government Brussels Subsidiary will be a fully fledged Insurance Company, fully regulatory and tax compliant Allows continued trading under the Lloyd's brand and benefiting from Lloyd's robust financial ratings . Maximum Reinsurance back to syndicates (100%) • Initial capital injection from Society of Lloyd's Timeline: Lloyd's © Lloyd's October 2017 Regulatory application submitted Q2 2018 Market onboarding Q4 2017 Company set-up July 2018 Operationally ready and regulatory authorisation received Q3 2018 Business processing March 2019 Live Trading UK exits EU 1 Jan 2019 9

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