Ascendant Group Limited Share Repurchase

November 27, 2016

In a filing with the Bermuda Stock Exchange, Ascendant Group Limited advised that pursuant to BSX Regulation 6.14[2][i] Ascendant purchased 710,000 of its listed securities at a price of $7.00 per share otherwise than in accordance with BSX Regulations 6.38 to 6.44.

The repurchased shares represent 6.6% of Ascendant’s overall listed securities issued as at the date of the trade. Ascendant intends to cancel 595,000 of the listed securities repurchased and retain the remainder as treasury shares to be used for general corporate purposes.

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