Atlas Financial Holdings, Inc. reported the appointment of Mr. Mark E. Holliday and Mr. Steven D. Scheiwe to the company's Board of Directors.Mr. Holliday is 54 and Mr. Scheiwe is 61. Mr. Holliday has a background in portfolio management, holds a Bachelor of Arts degree in Economics from Northwestern University, and has served as a director on a number of boards, including chairing multiple committees. Mr. Scheiwe has a legal and mergers and acquisitions background, holds a Bachelor of Arts degree Cum Laude from University of Colorado, as well as a Juris Doctor with Honors from the Washburn University School of Law, and has served as a director on a number of boards, including chairing multiple committees.

Pursuant to the terms of the Company's Convertible Senior Secured Delayed-Draw Credit Agreement agented by Sheridan Road Partners, LLC with certain lenders each of Mr. Holliday and Mr. Scheiwe is reasonably acceptable to the Agent and the Lenders who do not have a material relationship with the Company or its affiliates and are neither executives of the Company nor involved in the Company's day-to-day operations. On August 25, 2022, concurrently with the appointment of Mr. Holliday and Mr. Scheiwe, each of Paul A. Romano and Joseph R. Shugrue informed the Company that they were resigning from the Board effective on that date. Neither Mr. Romano nor Mr. Shugrue served on any committees of the Board.

Neither Mr. Romano's nor Mr. Shugrue's decision to resign was the result of any disagreement with the Company, and each will remain with the Company in their current officer capacities of Vice President and Chief Financial Officer and Vice President and Chief Operating Officer, respectively.