Specifically, these ratings include the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a" (Excellent) of Fidelis Insurance Bermuda Limited (Fidelis) (Bermuda), Fidelis Underwriting Limited (United Kingdom) and Fidelis Insurance Ireland Designated Activity Company (Ireland), as well as the Long-Term ICR of "bbb" (Good) of Fidelis Insurance Holdings Limited (Bermuda), the ultimate holding company, including the Long-Term Issue Credit Rating of "bb+" (Fair) of Fidelis Insurance Holdings Limited's $304 million ($58 million currently outstanding) 9% preference shares due 2050. The under review with negative implications status will be resolved once the transaction is completed. This press release relates to Credit Ratings that have been published on AM Best's website.