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Safety Insurance Group Shareholder, Ides Capital Mgmt., Sends Letter To Co. Board, Says ‘Disappointed that Board Has Refused to Engage Privately Around Stock Price Underperformance…’

March 2, 2022 Dear Board Members, As you know, Ides Capital Management, LP (“Ides”), together with its affiliates and other members of its group, collectively own approximately 1% of Safety Insurance Group,

SAFT