Investor Presentaiton

International expansion Organic greenfield strategy to enter the Ireland market in 2024 • The Group has a stated objective to seek an international expansion opportunity to provide long-term growth and diversification. • • The Republic of Ireland has been identified as a suitable market that meets our criteria for a greenfield opportunity. The key attributes which make Ireland an attractive opportunity are as follows: о Market size is attractive relative to the OUTsurance and Youi operations. о The Direct channel is well established in Ireland which aligns with the core competency of the Group. The intermediated market presents a longer-term opportunity to leverage our emerging skills in face-to-face distribution. O Historic market profitability and success of foreign entrants. O Ireland's economy is fast growing with positive prospects for real growth in the insurance market. Positive stance toward inward investment and deep skills pool. Familiar regulatory environment with prudential and market conduct regulations aligned with OUTsurance Group practices and local regulation. The size of the the financial commitment required for a successful entry is well within the Group's risk appetite for capital risk and earnings strain related to new ventures. An insurance license application process is under way and the market entry is planned for Q1 2024. OUTsurance Group Limited OUT 33

View entire presentation