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Enstar Group Limited 7% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series D

Coupon is Fixed until 9/1/2028 at 7%. At this point in time the rate will be reset quarterly at 3 month Libor plus a spread of 4.015%.

Ticker: ESGRP

Parent Ticker: ESGR

OTC Grey Market Temporary Ticker: ENSTF

Issuance Date: 06/20/2018

1st Call Date: 09/01/2028

Maturity Date: None

Shares Issued: 16,000,000

Overallotment Shares: 0

Coupon: 7.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.4375

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 1

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR