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Abridged Financial Statements For the year ended: December 31, 2020

INDEPENDENT AUDITOR’S REPORT TO THE SHAREHOLDERS OF DIAMOND FIRE AND GENERAL INSURANCE INC ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Report on the Audit of the Financial Statements Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of Diamond Fire and General Insurance Inc. as at 31 December, 2020, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards, and for such control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Statements The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. 1(a) We have audited the financial statements of Diamond Fire and General Insurance Inc., which comprise the statement of financial position as at 31 December, 2020, the statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies as set out on pages 2 to 45. The following is an abridged set of financials extracted from the Company’s Audited Financial Statements:

Auditor’s Responsibilities for the Audit of the Financial Statements – Cont’d Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the Company’s financial statements, whether due to fraud or error; design and perform audit procedures responsive to those risks; and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. – Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. – Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Report on Other Legal and Regulatory Requirements The financial statements comply with the requirements of the Companies Act 1991. The Insurance Act 2016 became effective in 2018. As explained in Note 31, the company did not fully comply with the requirements of the Act. TSD LAL & CO CHARTERED ACCOUNTANTS Date: March 19, 2021 77 Brickdam, Stabroek, Georgetown Guyana. 1(b)

DIAMOND FIRE AND GENERAL INSURANCE INC.STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE YEAR ENDED 31 DECEMBER 2020Notes 2020 2019G$G$RevenuePremiums 5 359,422,196 311,762,696Investment income 13(c) 31,183,969 31,392,443Other income 25,276,927 26,174,789 Commission earned 7 137,769,663 111,965,065553,652,755 481,294,993Deduct:ExpenditureClaims incurred 6 91,272,121 57,306,095Commissions paid 97,862,860 84,845,830Management expenses 8 159,357,554 143,796,890Property tax 9,368,116 9,183,424 Total expenditure 357,860,651 295,132,239Profit before taxation 9 195,792,104 186,162,754Taxation 11(a) 68,481,409 72,075,069 Profit after taxation 127,310,695 114,087,685Other comprehensive income:Items that will not be reclassified to profit or loss:Remeasurements of defined benefit pension plan 11(b) - (348,000) Items that may be reclassified subsequently to profit or loss:Fair value gain on available for sale financial assets 16 299,078,667 113,049,062 Other comprehensive income net of tax 299,078,667 112,701,062 Total comprehensive income for the year 426,389,362 226,788,747 Basic earnings per share 10 0.85 0.76 "The accompanying notes form an integral part of these financial statements"2The following is an abridged set of financials extracted from the Company’s Audited Financial Statements:

Retained InvestmentsNote Share capital earnings Reserve TotalG$ G$ G$ G$Balance at 1 January 2019 350,000,000 573,569,198 619,157,591 1,542,726,789 Changes in equity 2019Total Comprehensive income for the year - 113,739,685 113,049,062 226,788,747 - Dividends 27 - (24,000,000) - (24,000,000) Balance at 31 December 2019 350,000,000 663,308,883 732,206,653 1,745,515,536 Changes in equity 2020DIAMOND FIRE AND GENERAL INSURANCE INC.STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2020Changes in equity 2020Total Comprehensive income for the year - 127,310,695 299,078,667 426,389,362 Dividends 27 - (27,000,000) - (27,000,000) Balance at 31 December 2020 350,000,000 763,619,578 1,031,285,320 2,144,904,898 "The accompanying notes form an integral part of these financial statements".4The following is an abridged set of financials extracted from the Company’s Audited Financial Statements:

Notes 2020 2019G$ G$ASSETSNon-current assetsProperty and equipment 12 468,817,767 480,643,882 Defined benefit asset 30(i) 9,510,000 9,510,000 Investments 13 1,385,245,407 1,078,112,624Deferred tax asset 11(a) 14,717,230 13,219,785 1,878,290,404 1,581,486,291Current AssetsReceivables and prepayments 14 125,548,549 125,386,937Tax recoverable 6,855,109 4,704,737 Claims recoverable 18 25,549,193 61,807,360Cash on deposit 20 53,268,759 52,443,336Cash at bank and on hand 454,411,808 295,958,974665,633,418 540,301,344TOTAL ASSETS 2,543,923,822 2,121,787,635EQUITY AND LIABILITIESCapital and reservesShare capital15350,000,000350,000,000DIAMOND FIRE AND GENERAL INSURANCE INC.STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2020Share capital15350,000,000350,000,000Retained earnings 763,619,578 663,308,883 Investment reserve 16 1,031,285,320 732,206,653 2,144,904,898 1,745,515,536Non-current liabilitiesDeferred tax liability 11(a) 12,262,839 14,428,167 Current liabilitiesUnearned premiums 17 157,609,647 128,057,339 Provision for unpaid claims 18 106,279,418 106,561,615 Payables and accrued expenses 19 86,800,262 79,333,020 Due to related party 21(ii) 30,645,068 40,690,894 Taxes payable 5,421,690 7,201,064 386,756,085 361,843,932TOTAL EQUITY AND LIABILITIES 2,543,923,822 2,121,787,635 On behalf of the Board:"The accompanying notes form an integral part of these financial statements"These financial statements were approved by the Board of Directors on 19 March 2021DirectorDirectorSecretary5The following is an abridged set of financials extracted from the Company’s Audited Financial Statements:

2020 2019G$ G$Operating activities Profit before taxation 195,792,104 186,162,754 Adjustment for:Gain on disposal (270,620) (382,309) Increase in defined benefit asset - (2,296,003) Depreciation 13,491,973 12,788,203 Operating profit before working capital changes 209,013,457 196,272,645 Increase in receivables and prepayments (161,612) (38,356,631) (Increase)/decrease in claims recoverable 36,258,167 (37,142,649) Increase in cash on deposit (825,423) (829,352) Increase in unearned premium 29,552,308 25,028,161 Increase/(decrease) in provision for claims (282,197) 54,866,101 Increase in payables and accrued expenses 7,467,242 15,324,499 Increase/(decrease) in related parties (10,045,826) 3,002,010 Cash generated from operations 270,976,116 218,164,784 Taxes paid/adjusted (73,908,605) (71,908,382) Net cash provided by operating activities 197,067,511 146,256,402 Investing activitiesPurchase of property and equipment (1,665,858) (150,263,204) Purchase of investments (87,041,022) - Sale of investments 77,092,203 8,272,497 Net cash used in investing activities (11,614,677) (141,990,707) Financing activitiesDividends paid (27,000,000) (24,000,000) Net cash used in financing activities (27,000,000) (24,000,000) Net increase/(decrease) in cash and cash equivalents 158,452,834 (19,734,305) Cash and cash equivalents at beginning of year 295,958,974 315,693,279 Cash and cash equivalents at end of year 454,411,808 295,958,974 STATEMENT OF CASH FLOWSDIAMOND FIRE AND GENERAL INSURANCE INC.FOR THE YEAR ENDED 31 DECEMBER 2020"The accompanying notes form an integral part of these financial statements"6The following is an abridged set of financials extracted from the Company’s Audited Financial Statements: