RiverStone International Holdings Limited completes debut $150 million Tier 2 bond issuance

LONDON – 30 April 2026: – RiverStone International Holdings Limited, a leading global non‑life legacy insurance specialist focused on the acquisition and management of discontinued insurance and reinsurance portfolios, today announced the successful completion of its inaugural listed Tier 2 bond that priced at a coupon of 7.125%.

The Notes qualify as Tier 2 regulatory capital of RiverStone International Holdings Limited. Application is expected to be made for the Notes to be admitted to trading on the International Securities Market of the London Stock Exchange.

The successful issuance represents a further step in the development of RiverStone International’s capital framework, providing additional financial flexibility while broadening the Group’s investor base and sources of durable, long‑term capital.

Andy Creed, Group President and Group Chief Financial Officer of RiverStone International Holdings Limited, commented:

“We are very pleased with the successful execution of our first listed Tier 2 issuance. The level of investor interest reflects RiverStone’s strong financial performance, disciplined balance sheet management and the continued progress of our global platform. This transaction marks an important milestone in the Group’s ongoing evolution.”

Morgan Stanley & Co. International plc acted as Sole Lead Manager on the transaction, with Barclays Bank PLC, Lloyds Bank Corporate Markets PLC and The Bank of Nova Scotia, London Branch acting as Co‑Managers.

Media Enquiries:
RiverStone International
Federica Aversa
Tel: +44 (0) 204 621 2845
federica.aversa@rsml.co.uk

Haggie Partners

Damian Beeley and Finlay Gardner

Tel: +44 (0)207 562 4444

damian.beeley@haggiepartners.com

finlay.gardner@haggiepartners.com

Disclaimer
This announcement is for information purposes only. The distribution of this announcement may be restricted by law and any person into whose possession this press release comes should inform themselves about and observe any restrictions. This announcement is not directed to, and is not intended for distribution to or use by, any person or entity in any jurisdiction where such distribution, publication or use would be contrary to law or regulation or which would require any registration within such jurisdiction. This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities (including the Notes), nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act).
This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. No securities may be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from registration requirements. No public offering of securities will be made in the United States.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities.
Neither this announcement nor the Offering Circular prepared in respect of the Notes constitutes a prospectus for the purposes of Part VI of the Financial Services and Markets Act 2000, Regulation (EU)

[30] April 2026
2017/1129 or that Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”), and no such prospectus has been or will be prepared.U.K. MIFIR professionals / ECPs-only / No EEA PRIIPs KID or U.K. PRIIPs KID/CCI product summary – Manufacturer target market (U.K. MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) has been prepared as the Notes will not be made available to retail investors in the EEA. No disclosure document has been prepared as the Notes will not be made available to retail investors in the U.K.
Relevant stabilisation regulations including FCA/ICMA apply.

In member states of the EEA, this announcement is directed only at persons who are “qualified investors” within the meaning of Regulation (EU) 2017/1129.

In the UK, this announcement is directed only at persons who are “qualified investors” as defined in paragraph 15 of Schedule 1 to the UK Public Offers and Admissions to Trading Regulations 2024.
This announcement does not constitute nor form a part of any offer or solicitation to purchase or subscribe for securities in Singapore or elsewhere. The Notes referred to herein have not been and will not be offered or sold or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to any person in Singapore other than (i) to an institutional investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore, as modified or amended from time to time (the “SFA”)) pursuant to Section 274 of the SFA or (ii) to an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA.
Any investment decision made in connection with the issuance of the Notes must be based solely on the information contained in the final Offering Circular relating to the Notes.
This announcement contains certain forward-looking statements regarding the intent, belief or current expectations of RiverStone International and its management team. Any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties. Actual events and results may differ materially from those projected in the forward-looking statements as a result of various factors. RiverStone International does not undertake any obligation to update any 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.