CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION

This Q1 2022 Update, provided on May 5, 2022, includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements provide information regarding the intent, belief, or current expectations of Enstar Group Limited (“Enstar”) and its management team These forward-looking statements, which include but are not limited to statements about Enstar’s initiatives to redeploy investment funds and restructure certain liabilities, are inherently subject to risks, uncertainties and assumptions that may cause actual results to differ materially from statements being made as of the date of this Q1 2022 Update or in the future. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2021.

Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.

In addition, this Q1 2022 Update includes non-GAAP financial measures, including our Adjusted Run-Off Liability Earnings and Adjusted Return on Equity. For additional information regarding these non-GAAP financial measures, including reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure, refer to our quarterly financial supplement here.