Sagicor Financial Company Ltd. (TSX: SFC, “Sagicor” or the “Company”) announced on 1 March 2023 that Kathryn Jenkins has been appointed Group Chief Financial Officer effective that day. Sagicor is also pleased to announce that George Sipsis has been promoted to Executive Vice President, Corporate Development and Capital Markets. Ms. Jenkins and Mr. Sipsis will both be members of Sagicor’s Executive Committee and will report directly to Andre Mousseau, who has been appointed President and Chief Executive Officer as of April 1, 2023.

“We are pleased to welcome Kathryn to Sagicor as she brings a deep understanding of the financial services industry,” said Mr. Mousseau. “As the Company continues to execute on our many strategic initiatives, Kathryn’s skills and experience leading finance teams across multiple high-performing organizations will make her a key contributor to our growth.”

“We are also pleased to recognize George’s increasingly important role within the Sagicor executive team. George has contributed to many of our key capital raising and acquisition initiatives since joining nearly two years ago and we look forward to more strong contributions to Sagicor in his new role”, continued Mr. Mousseau.

Ms. Jenkins was most recently Chief Financial Officer of the Investment Management Corporation of Ontario, an independent investment organization managing over C$79 billion (US$58 billion) of assets on behalf of public-sector clients in Ontario. Previously she held senior roles at the Canada Pension Plan Investment Board, Scotiabank, Fairmont Raffles Hotels International and CIBC.

Ms. Jenkins holds a Bachelor of Commerce from the University of Toronto, where she is also a member of the Business Board after having served on their Audit Committee. She holds Chartered Professional Accountant CPA, CA, and Certified Public Accountant, CPA (Illinois) designations, as well as an ICD.D. designation from the Institute of Corporate Directors.

Since joining the Company in 2021, Mr. Sipsis was Senior Vice President, Corporate Development and Capital Markets with responsibility for Sagicor’s acquisitions strategy, capital raising initiatives, investor relations and rating agencies engagement. Prior to joining Sagicor, Mr. Sipsis held progressively senior roles in the real estate and financial services groups of Scotiabank’s investment banking division in Toronto.

Mr. Sipsis holds a Masters of Financial Economics degree from the University of Toronto, a Masters of Management of Innovation degree from the University of Toronto, and a Bachelor of Medical Sciences degree from Western University and is a CFA® charterholder.

Toronto and Barbados, March 1, 2023.