Premier Diversified Holdings Inc. Subsidiary Announces New ILS Fund Partnership

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 11, 2016) - Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE:PDH) announces that its partially owned subsidiary, Sequant Re Holdings Limited ("SRHL"), is launching a new high yielding Insurance-Linked Securities (ILS) Fund with Plenum Investments Ltd. ("Plenum"). The ILS Fund will invest in collateralized reinsurance transactions, to be sourced and underwritten by Sequant Reinsurance Company Limited, SHRL's wholly-owned Bermuda reinsurance subsidiary. Additional information may be found in the press release issued by Sequant Re on April 11, 2016 available at www.SequantRe.com. Premier holds a total of 3,326,000 common shares of SRHL, approximately 33.76% on an undiluted basis.

Premier's President and CEO, Sanjeev Parsad, commented: "Congratulations to Plenum and Sequant Re on this partnership. Under Rainer Grünig and Guy Cloutier's stewardship, we believe the fund will be very rewarding for Plenum, Sequant and investors alike."

Plenum is a Zurich-based ILS asset manager fully regulated by the Swiss FINMA founded in 2001 with operations in the ILS space since 2010. SRHL is a Bermuda reinsurance holding company and the parent company of Sequant Reinsurance Company Limited ("Sequant Re"). Sequant Re is a Class 3 Bermuda reinsurance company registered as a segregated account company and licensed for all lines of business, except life insurance. Sequant Re underwrites various reinsurance transactions and collateralizes its obligations through the issuance of ILS. The ILS are offered to third party investors, and the capital from the sale of the ILS is used to fund the reinsurance business.

Further Information

Further information regarding Premier may be found on Premier's website at www.pdh-inc.com and filed on SEDAR at www.sedar.com.

Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of securities and/or assets of public and private entities which it believes have potential for significant returns. It may act as a holding company (either directly or through a subsidiary) and may participate in management of investee entities to varying degrees. Its current holdings include interests in medical diagnostic clinics located in Canada and China, in a reinsurance business located in Bermuda, in a Canadian craft beer brewery and in a Vancouver real estate development partnership.

On behalf of the Board of Directors

"Sanjeev Parsad"

Sanjeev Parsad

President, CEO and Director

The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this document. Company information can be viewed here: www.cnsx.ca. Further information regarding the Company can be found on SEDAR at ww.sedar.com.

Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that SRHL and Plenum will launch a new ILS Fund, that such ILS Fund will be high-yielding, that the ILS Fund will invest in collateralized reinsurance transactions, that SRHL will source and underwrite such transactions, that the ILS are offered to third party investors, and that the capital from the sale of the ILS will be used to fund SRHL's reinsurance business. Factors that could cause actual results to be materially different include but are not limited to the following: that the nature of Premier's holdings in SRHL will change, that the ILS Fund will not launch or will not launch as described in this press release, that the ILS Fund will not be high-yielding, that the ILS Fund will not invest in collateralized reinsurance transactions, that SRHL will not source and/or underwrite such transactions or will not source and/or underwrite such transactions as described in this press release, that the ILS will not be offered to third party investors, that the capital (if any) from the sale of ILS will be used for purposes other than to fund SRHL's reinsurance business, that SRHL, Sequant Re or Plenum will operate their respective business differently than described, and that any of Plenum, Sequant Re and/or SRHL may lose their respective license or registration(s) required for operation of their respective businesses. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.