FATCA

Ambridge Europe Limited is committed to ensuring that it and its related business entities are in strict compliance with all regulations and tax laws. With the implementation of the Foreign Account Tax Compliance Act (FATCA) in 2010, Ambridge Europe Limited has undertaken extensive efforts to ensure that it is in 100% compliance with all reporting and registration requirements under FATCA. In order to assist its business partners in appropriately documenting its compliance, Ambridge Europe Limited created this website page to provide electronic and immediate access to its IRS withholding certificate. Please click on the link below to obtain copies of Ambridge Europe Limited’s IRS Form W-8BEN-E and Form W-8IMY.

IMPORTANTLY, Ambridge Europe Limited is providing electronic access to its withholding certificate to establish its Chapter 4 status under FATCA. This Act may also require action from you and/or your firm. Ambridge Europe Limited recommends that you consult with your tax professional to determine how FATCA may impact you and your business.

NOTICE: The IRS Form W-8BEN-E and Form W8-IMY for Ambridge Europe Limited that are linked on this website are the most current versions of the forms and may be periodically updated. Ambridge Europe Limited requests that all withholding agents, who are relying upon the attached withholding certificates for purposes of tax compliance, to please review this site BEFORE making any with holdable payments to Ambridge Europe Limited or its affiliates in order to ensure that you are utilizing the most current versions of the withholding certificates.

Section 172 Statement

AMBRIDGE EUROPE LIMITED

GROUP STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Section 172 Statement of Directors' compliance with duty to promote the success of the Group

The Directors continue to work closely with the Group's shareholder, employees, trading partners and other stakeholders in order to promote the success of the Group.

Such work for the benefit of shareholders as a whole is closely monitored on a day-to-day operational basis by the Executive Chairman, the Chief Operating Officer and key executives. The reporting of this work is further monitored at the Board level through Board meetings where a detailed assessment of the Group's operations (including the matters set out in section 172(1) (a) to (f)) are reported, discussed and decisions/actions are taken where applicable.

In terms of Importance to the Group's overall success, the Group considers its employees to be one of its most significant assets. The Group continues to support and encourage (i) the professional development of all employees; (ii) the maintenance/continuation of all professional certifications; and (ii) diversity in its recruiting process. As part or the support and encouragement, the Group covers the expenses associated with the above.

The Group's key suppliers, third-party insurance capital providers (“Capacity Providers”), are fundamental to the Group's operation. The Group regularly reports and meets with its Capacity Providers where the Group's business is discussed at length. This communication is largely at the senior level and the Group maintains an open-door policy with its third-party insurance Capacity Providers to discuss any matters,  interests or concerns with them. The renewals of the Group's  binding  authorities with its Capacity  Providers  were the  principal decisions taken in the reporting year and the binding authorities were renewed for the 2023 calendar year.

The Group's customers include brokers, insureds and its third-party insurance Capacity Providers (in light of the paragraph above, this paragraph will only deal with brokers and Insureds). The Group places a significant value on its customers and has instituted a culture whereby the Group seeks to treat its customers fairly. The Group offers bespoke products that cater to its customers' needs, acts in a transparent way and actively monitors any complaints at the operational and senior team level, including the Board, Ambridge Group’s Chief Legal Officer and Ambridge Group’s International Compliance & Regulatory Affairs Manager. In addition, the key employees of the Group actively manage broker relationships to ensure a high degree of service.

Finally, given the Importance of the regulators’ roles in ensuring a sound insurance market, the Group views the regulators as key stakeholders. In keeping with this, the Group demands a high degree of regulatory compliance from top down in the organisation. From an implementation perspective, the Group maintains written compliance policies which are regularly reviewed at the Board level to ensure they are fit for purpose. Compliance with these written policies is closely monitored by the Group on a day-to-day basis.