The board of directors of Mapfre Middlesea plc has resolved to nominate and appoint Mr. Felipe Navarro Lopez de Chicheri as Chief Executive Officer of the company, effective October 1, 2015 in lieu of Mr. Alfredo Munoz Perez who has been assigned another position within the Mapfre Group. The appointment is subject to regulatory clearance and approval by the Malta Financial Services Authority. Mr. Navarro Lopez de Chicheri has been employed, since 2002, with the Mapfre Group in various senior management positions with Mapfre Vida and Mapfre S.A. and is currently a member of the board of some Spanish companies operating in the Life and Pension insurance sector.

He is also a board member of MSV Life plc.