Market Overview

Easterly Acquisition Corp. Announces Extension of Time to Complete Previously Announced Business Combination with Sirius International Insurance Group, Ltd.


-- Continued strong stockholder support for the business combination
deadline to be extended until November 30, 2018 --

Easterly Acquisition Corp. ("Easterly") (NASDAQ:EACQ) announces the
approval of its stockholders to extend the deadline for it to complete
an initial business combination to November 30, 2018. Stockholders
representing 93.4% of the stockholder base voted, with all of the votes
cast in favor of extending the time that Easterly has to complete its
initial business combination. 807,170 shares of common stock were
redeemed by existing Easterly stockholders in connection with the
extension, leaving approximately $146.6 million cash in trust after

Easterly obtained the extension to allow it more time to complete its
previously announced business combination with Sirius International
Insurance Group, Ltd. ("Sirius Group"). Established in 1945, Sirius
Group, utilizing its unique global branch network, provides multi-line
insurance and reinsurance in over 140 countries. Sirius Group wrote
gross written premiums of $1.4 billion in 2017. Sirius Group is a
Bermuda-based holding company with operating companies in Bermuda,
Stockholm, New York and London.

Sirius Group's principal equity holder is CMIG International Holding
Pte. Ltd. ("CMIG International"). Singapore-based CMIG International is
focused on international investments, asset management and cross-border
M&A, and acquired Sirius Group from White Mountains Insurance Group,
Ltd. in April 2016. CMIG International has four shareholders, major
investor CMIG, is one of China's leading private investment companies.
It is registered in Shanghai with subsidiaries across many different
sectors including new energies, healthcare, real estate, aviation,
technology, finance and leasing. The other three ultimate shareholders
are Hana Financial Group Inc., Sun Hung Kai & Co Limited and TBEA Co.
Ltd. who are listed companies in Korea, Hong Kong and China
respectively. CMIG International was recently awarded with S1000
(Singapore 1000 Company) Award in Singapore for its outstanding
performance in the financial services field, and its determination to
continue to meet the highest corporate governance standards. ABRY
Partners, LLC, a Boston-based private equity investment firm focused on
media, communications, insurance, business and information services, is
also an equity owner of Sirius Group.

"We are pleased that our shareholders have supported the completion of
our merger with Sirius Group," said Avshalom Kalichstein, Chief
Executive Officer of Easterly.

About Sirius Group

Sirius Group is a Bermuda-based holding company with (re)insurance
operating companies in Bermuda, Stockholm, New York and London.
Utilizing disciplined and professional underwriting, superior risk
evaluation and best-in-class pricing technology, Sirius Group's
subsidiaries provide multi-line (re)insurance capacity in over 140
countries, including lead capacity for property, accident & health and
other exposures. Additional information is available at Sirius Group's
website located at

About Easterly LLC

Easterly LLC is a private asset management holding company that has
interests in boutique investment management firms. Easterly's core
expertise is in acting as a principal to grow business platforms.
Easterly enhances businesses as a partner through capital formation,
corporate development, and strategic implementation activities.
Easterly's principals have a proven track record of delivering
outperformance to both public and private investors across a variety of
sectors. For more information about Easterly, please visit Easterly's
website at

About Easterly Acquisition Corp.

Easterly Acquisition Corp. is a Special Purpose Acquisition Company
sponsored by Easterly Acquisition Sponsor, LLC, an affiliate of Easterly
LLC, for the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses or assets. Easterly Acquisition
Corp. completed its initial public offering in August 2015, raising $200
million in cash proceeds. Easterly Acquisition Corp.'s officers and
certain of its directors are affiliated with Easterly LLC. For more
information about Easterly Acquisition Corp., please visit its website

Additional Information about the Transaction and Where to Find It

This communication relates to a proposed business combination (the
"Proposed Transaction") between Easterly and Sirius Group and may be
deemed to be solicitation material in respect of the Proposed
Transaction. The Proposed Transaction will be submitted to the
stockholders of Easterly for their approval. In connection with the
Proposed Transaction, Sirius Group intends to file with the SEC a
Registration Statement that will include a proxy statement of Easterly
that also includes a prospectus of Sirius. This communication is not a
substitute for the Registration Statement that Sirius Group will file
with the SEC or any other documents that Sirius Group or Easterly may
file with the SEC or that Easterly may send to its stockholders in
connection with the Proposed Transaction. After the Registration
Statement is declared effective, Easterly will mail a proxy
statement/prospectus to its stockholders in connection with Easterly's
solicitation of proxies for the special meeting of Easterly stockholders
to be held to approve the business combination and related transactions.
This communication does not contain all the information that should be
considered concerning the Proposed Transaction, including relevant risk
factors that will be included in the proxy statement/prospectus. It is
not intended to provide the basis for any investment decision or any
other decision in respect to the Proposed Transaction. Easterly
stockholders and other interested persons are advised to read the proxy
statement/prospectus (including any documents incorporated by reference
therein) when available, as these materials will contain important
information about Sirius Group, Easterly and the Proposed Transaction.
Investors and stockholders can obtain free copies of the proxy
statement/prospectus once it is available and other documents filed with
the SEC by Easterly through the web site maintained by the SEC at
In addition, investors and stockholders can obtain free copies of the
proxy statement once it is available from Easterly by accessing
Easterly's website at

Forward-Looking Statements

This communication contains "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995, known
as the PSLRA. Forward-looking statements may relate to the Proposed
Transaction and any other statements relating to future results,
strategy and plans of Easterly and Sirius Group (including certain
projections, business trends, and statements which may be identified by
the use of the words "plans,, "expects" or "does not expect,"
"estimated," "is expected," "budget," "scheduled," "estimates,"
"forecasts," "intends," "anticipates" or "does not anticipate," or
"believes," or variations of such words and phrases or that state
certain actions, events or results "may," "could," "would," "might,"
"projects," "will" or "will be taken," "occur" or "be achieved").
Forward-looking statements are based on the opinions and estimates of
management of Easterly or Sirius Group, as the case may be, as of the
date such statements are made, and they are subject to known and unknown
risks, uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. For Sirius Group, these risks and
uncertainties include, but are not limited to, its revenues and
operating performance, general economic and market conditions, industry
trends, legislation or regulatory requirements affecting the businesses
in which it is engaged, management of growth, amount of redemptions, its
business strategy and plans, the sufficiency of Sirius Group's asbestos
and other reserves, the impact of emerging claims issues as well as
other insurance and non-insurance litigation, the cost and availability
of reinsurance coverage, catastrophe losses, fluctuations in insurance
and reinsurance pricing, investigations or enforcement actions by
governmental authorities, the result of future financing efforts and its
dependence on key personnel. For Easterly, risks include, but are not
limited to, the risk of significant redemptions by Easterly
stockholders, the inability to retain key personnel, the inability to
obtain stockholder and regulatory approvals and the inability to
successfully close the transaction. Additional information on these and
other factors that may cause actual results and Easterly's performance
to differ materially is included in Easterly's periodic reports filed
with the SEC, including but not limited to Easterly's Form 10-K for the
year ended December 31, 2017 and subsequent Forms 10-Q. Copies may be
obtained by contacting Easterly. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak only as
of the date made. These forward-looking statements are made only as of
the date hereof, and Easterly and Sirius undertake no obligations to
update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.

No Offer or Solicitation

This communication is for informational purposes only and is neither an
offer to sell, nor the solicitation of an offer to buy any securities,
nor is it a solicitation of any vote, consent, or approval in any
jurisdiction pursuant to or in connection with the Proposed Transaction
or otherwise, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in contravention of applicable law.

Participants in Solicitation

Easterly and Sirius Group, and their respective directors and executive
officers, may be deemed participants in the solicitation of proxies of
Easterly stockholders in respect of the Proposed Transaction.
Information about the directors and executive officers of Easterly is
set forth in Easterly's Annual Report on Form 10-K for the year ended
December 31, 2017. Information about the directors and executive
officers of Sirius Group and more detailed information regarding the
identity of all potential participants, and their direct and indirect
interests, by security holdings or otherwise, will be set forth in
Sirius Group's Registration Statement that will include a proxy
statement of Easterly. Investors may obtain additional information about
the interests of such participants by reading such proxy statement when
it becomes available

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