SAFETY INSURANCE GROUP INC

Previous wording

The completion of the Merger is subject to certain closing conditions, including stockholder approval and certain regulatory conditions, which may not be satisfied on a timely basis or at all, and the failure to consummate the Merger within the expected timeframe or at all could adversely impact our business, financial condition, and results of operations.

Current wording

The completion of the Merger is subject to certain closing conditions, including certain regulatory conditions, which may not be satisfied on a timely basis or at all, and the failure to consummate the Merger within the expected timeframe or at all could adversely impact our business, financial condition, and results of operations.

Previous wording

The obligations of the Company, Parent and Merger Subsidiary to consummate the transactions contemplated by the Merger Agreement are subject to the satisfaction or waiver of a number of conditions, including the approval by holders of a majority of the voting power of the Company’s outstanding shares of common stock. In addition, the Merger is subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as certain other regulatory approvals. The relevant governmental entities may impose requirements, limitations, costs or place restrictions on the conduct of our or Parent’s business following the Merger as a condition to approval or not grant approval at all.

Current wording

The obligations of the Company, Parent and Merger Subsidiary to consummate the transactions contemplated by the Merger Agreement are subject to the satisfaction or waiver of a number of conditions. Although our stockholders approved the Merger on November 3, 2026, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on September 14, 2026, the Merger remains subject to certain other regulatory approvals, including the approval of the Massachusetts Commissioner of Insurance. The relevant governmental entities may impose requirements, limitations, costs or place restrictions on the conduct of our or Parent’s business following the Merger as a condition to approval or not grant approval at all.

Previous wording

Other conditions that must be satisfied or waived before one or more of the parties will be obligated to consummate the Merger are: (1) the accuracy of the other party’s representations and warranties, subject to certain materiality standards set forth in the Merger Agreement; (2) compliance by the other party in all material respects with

Current wording

Other conditions that must be satisfied or waived before one or more of the parties will be obligated to consummate the Merger are: (1) the accuracy of the other party’s representations and warranties, subject to certain materiality standards set forth in the Merger Agreement; (2) compliance by the other party in all material respects with such other party’s obligations under the Merger Agreement; (3) the absence of any law or order prohibiting

Previous wording

such other party’s obligations under the Merger Agreement; (3) the absence of any law or order prohibiting consummation of the Merger in specified jurisdictions in which the Company, Parent or their respective subsidiaries have business operations; and (4) in the case of Parent’s and Merger Subsidiary’s obligation to consummate the Merger, a condition that there has not occurred a material adverse effect on the Company since the date of the Merger Agreement that is continuing.

Current wording

consummation of the Merger in specified jurisdictions in which the Company, Parent or their respective subsidiaries have business operations; and (4) in the case of Parent’s and Merger Subsidiary’s obligation to consummate the Merger, a condition that there has not occurred a material adverse effect on the Company since the date of the Merger Agreement that is continuing.

Previous wording

Also, we will incur significant costs, expenses, and fees for professional services and other transaction costs in connection with the Merger, for which we will have received little or no benefit if the Merger is not completed. Some of these fees and costs will be payable by us even if the Merger is not completed and may relate to activities that we would not have undertaken other than to complete the Merger.

Current wording

Also, we have incurred approximately $3,766 in legal fees through September 30, 2026 and expect to incur additional significant costs, expenses, and fees for professional services and other transaction costs in connection with the Merger, for which we will have received little or no benefit if the Merger is not completed. Some of these fees and costs will be payable by us even if the Merger is not completed and may relate to activities that we would not have undertaken other than to complete the Merger.