Upstream Holdings, Inc. Announces BBB- Investment Grade Rating from Egan-Jones Ratings Company

Upstream Holdings, Inc. (the “Company”) announced that it has received an investment grade rating of “BBB-” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency on the Company and Notes due 2028 (the “Notes”).

Egan-Jones is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA).

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the Notes referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Upstream Holdings, Inc.

Upstream Holdings, Inc. is rapidly growing insurance holding company that provides best in class life insurance, annuity and retirement solutions to retirees in the U.S. The Company operates through its wholly owned subsidiaries, Upstream Life Insurance Company (“Upstream Life”) and Upstream Insurance Company of Tennessee (“Upstream Re”). Upstream Life is a nationally licensed life insurance company that designs and develops in-demand annuity products that are distributed through independent distribution channels. Upstream Re is a Tennessee licensed insurance company that provides reinsurance and capital for fixed annuity liabilities originated and administered by unaffiliated insurers. The Company also provides operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form, capitalize and manage their own reinsurance vehicles.