Willis Towers Watson Legal Entity

Willis Re (Pty) Limited is an authorized financial services provider, license number 24845. Company registration number 2005/026120/07. The physical address is: IIIovo Edge, 1 Harries Road, IIIovo, Johannesburg, Gauteng 2196, South Africa. The postal address is P.O. Box 411775, Craighall, 2024, South Africa. The telephone number of the switchboard is +27 11 535 5400. More information can be found on the website, willistowerswatson.com Willis Towers Watson has no contractual obligation to do business exclusively with any insurer in the market, based on its advice through an impartial analysis of the conditions obtained. For more information about your registration and complaints against the Ombudsman, please contact the ASF at www.asf.com.pt. A Willis Towers Watson disponibiliza também um canal directo a todos os seus clientes para o envio de reclamações através do Livro de Reclamações Online no seu website em www.willistowerswatson.com/pt-PT interruption or loss of our information processing ability or failure to maintain and update our information processing equipment or systems effectively may result in significant financial loss, regulatory action, Damage to reputation or legal liability.

Foreign currency — Transactions in currencies other than the functional currency of the entity are recorded at the exchange rates prevailing on the date of the transaction. Monetary assets and liabilities denominated in currencies other than functional currency are translated at the exchange rates prevailing at the balance sheet date and the corresponding trading gains and losses are recognised as income or expense in the consolidated statement of comprehensive income. Some intra-group loans are long-term investment in nature. The Company recognizes the gains and losses related to the revaluation of these loans as other comprehensive income in the Consolidated Statement of Comprehensive Income. Miller Insurance Services LLP, a Pound Sterling-denominated business unit, generates significant turnover of non-functional currencies, in which case the Company limits its risk to changes in exchange rates by using foreign exchange contracts that represent a proportion of expected cash inflows in certain currencies and time periods. The Company`s Corporate Governance Policy, the Articles of Association of the Audit Committee, the Risk Committee Charter, the Compensation Committee Charter and the Corporate Governance and Nominating Committee Charter are available on our www.willistowerswatson.com website, in the Investor Relations section or upon request. Requests for copies of these documents should be made in writing to the Secretary of Company c/o Office of the General Counsel, Willis Towers Watson Public Limited Company, Brookfield Place, 200 Liberty Street, New York, NY 10281. Obligations, contingent liabilities and provisions for liabilities — The Company makes provisions for various actual and potential claims, suits and other proceedings, primarily related to errors and omissions alleged in the ordinary course of business. These provisions include claims filed but unpaid, as well as unclaimed claims and related attorneys` fees.

These provisions shall be established on the basis of actuarial estimates accompanied by case-by-case valuations and shall be considered appropriate in the light of current information and legal advice. In some cases where there is a range of losses, we collect the minimum amount within the range if no amount in the range is a better estimate than any other amount. To the extent that these losses can be offset under the entity`s insurance programs, estimated recoveries are recognized when losses are recognised for insured events and recoveries are likely to be realized. A great deal of management discretion is required to estimate the amount of these unclaimed claims and related insurance claims. The Company analyzes its litigation risk based on available information, including consulting with an external lawyer involved in the defense of these cases to assess its potential liability. These contingent liabilities are not discounted. See Note 14 — Contingent Liabilities and Note 15 — Supplementary Information for specific balance sheet accounts for additional information on our obligations, contingent liabilities and provisions for liabilities. On May 10, 2011, the court presiding over the Stanford-related prosecution in the Northern District of Texas issued an order that it would review SLUSA`s applicability to Stanford-related actions based on the decision in a separate Stanford lawsuit involving no Willis, Roland v. Green, Civil Action No. 3:10-CV-0224-N (“Roland”). On 31 August 2011, the Roland District Court handed down its decision dismissing that appeal with prejudice under SLUSA.

The UK government and the EU continue to negotiate the terms of the UK`s future relationship with the EU. While many separation issues have been resolved, a great deal of uncertainty remains. It is also possible that Brexit will not take place as planned on 29 March 2019; that the UK decides not to leave the EU at all; or that the UK exists in the EU, in a potentially disruptive way, with no agreed future relationship. The company is heavily invested in our UK business and business. If Brexit has a negative impact on the UK, it could have a significant negative impact on us. In addition, Brexit could lead to greater restrictions on business between the UK and EU countries and increased regulatory complexity. There is also uncertainty about the impact of the UK`s access to the EU Single Market and the wider business, legal, regulatory, tax, social and labour environment, particularly in the UK and the EU, including the resulting impact on our business and that of our clients. Such changes may have a negative impact on our business and financial results.

For example, changes to passport or other conduct of business regulations in different EU countries based on regulatory approval in the UK (or doing business in the UK based on regulatory approval in an EU country) could increase our cost of doing business or our ability to do so. At this stage, we do not expect the current passport system to continue. Such a change or other change in regulation could increase our operating costs or, in some cases, affect our ability to do business and adversely affect our business and financial results. Our failure to comply with complex and evolving privacy and cybersecurity laws and regulations may result in significant financial loss, regulatory action, reputational damage or legal liability. We determine whether we have a controlling financial interest in a corporation by first assessing whether the corporation is a voting corporation or a variable holding company (“VIE”).