Ondo Extends Contract with Selective Insurance

Ondo InsurTech Plc

("Ondo" or the "Company")

Ondo Extends Contract with Selective Insurance to Expand LeakBot Offering

Ondo InsurTech plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, is pleased to announce a rollout of LeakBot across Selective Insurance's ("Selective") 15-state Personal Lines footprint.

Ondo began its relationship with Selective in February 2024 through a single-state pilot programme, expanded it later that year across multiple states, and is now expanding it further to make LeakBot available to all of the insurance company's eligible homeowners policyholders.

Ondo recognises Selective as an early adopter of its innovative customer engagement and marketing strategies for LeakBot, working together to improve deployment, communications, and customer experience.

Craig Foster, CEO of Ondo InsurTech plc, said:  "Selective has been an outstanding collaborator from the outset. They have consistently demonstrated a long-term, innovative mindset and a genuine commitment to improving customer outcomes through technology. This nationwide rollout is a strong endorsement of the results we have delivered together, and we are delighted to be deepening our relationship with a carrier that truly shares our vision for the future of insurance."

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 About Ondo InsurTech PLC

Ondo is a world leading provider of claims prevention technology for home insurers.  Ondo's focus is on the global scale-up of LeakBot - claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by up to 70%.

LeakBot partners with 26 insurance carriers - including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe and the USA.

Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to companies who derive the majority of their income from green activities.

For more information, visit www.ondoplc.com