Quarterly, page-2

27 April 2021MARCH 2021 QUARTERLY ACTIVITIES REPORT  Significant milestone approaching with UK business on track for its first full year profit since incorporation. New IT system went live in the UK delivering immediate results with increased flows from brokers and substantial business efficiencies via the scalable platform. New capacity agreement with AXA Insurance UK Plc (“AXA”) launched in February, positively received and driving new business opportunities.Ensurance Limited (ASX: ENA) (‘Ensurance’ or ‘the Company’) is pleased to provide the following update on its operational and corporate activity for the quarter ended 31 March 2021.Ensurance UK Limited on track for maiden full year profitEnsurance UK Limited remains on course for the milestone achievement of generating its first annual profit since incorporation, for the end of the financial year (30 June 2021). As at 31 March 2021, the UK business reported a year-to-date (YTD) profit of £167k (2020: £236k loss) and is forecast to surpass £300k for the full financial year. The strong financial performance is mainly related to the continued growth experienced by the underlying business combined with other new revenue initiatives launched during the year. The Company has also expanded its broker network by ~25% since last financial year-end, which has led to improved penetration in the UK market and higher levels of deal flow. Financial Update