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THE APEX AIR-COOLED RUF OF THE NINETIES: BROAD ARROW ADDS EXCEEDINGLY RARE RUF CTR 2 SPORT TO MONTEREY JET CENTER AUCTION

1. Broad Arrow Auctions features rare RUF and Porsche cars at Monterey auction. 2. 1998 RUF CTR 2 Sport is estimated between $3M and $3.5M. 3. Successful bidding attracts younger collectors to Hagerty’s auction events. 4. Broad Arrow set a benchmark last year with $71.5M in sales. 5. Event enhances Hagerty's reputation in the luxury car auction market.

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FAQ

Why Bullish?

The auction event showcases exclusive cars, potentially boosting Hagerty's brand reputation and revenue, mimicking past successes like last year's $71.5 million results.

How important is it?

The success of the auction can attract investors, enhance brand prestige, and drive future auctions, all contributing positively to HGTY's stock performance.

Why Short Term?

The auction results will have immediate effects on Hagerty’s stock as investor sentiment reacts to short-term sales performance and publicity from the event.

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Grosse Pointe, Michigan, July 16, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is thrilled to bring an exciting group of RUF Manufaktur and Porsche-based performance cars to its 2025 Monterey Jet Center Auction. The group is led by the apex air-cooled production RUF of the nineties, a 1998 RUF CTR 2 Sport (Estimate: $3,000,000 - $3,500,000). For RUF, the original CTR Yellowbird’s wild ambition was a tough act to follow, but with their CTR 2, they would surpass the predecessor in nearly every measurable way. Unveiled in 1995, the CTR 2 was the second generation of the cult-status manufacturer’s ultra-high-performance line and the first road-legal RUF model sold in the U.S. Built on the Porsche 993-generation 911 chassis, it featured a race-bred 3.6-liter air-cooled flat-six engine inspired by the Group C Porsche 962. Tuned to 580 horsepower, the twin-turbocharged engine delivered 505 lb-ft of torque, propelling the car from zero-to-60 mph in just 3.6 seconds and to an estimated top speed of 217 mph—the world’s fastest production car of its time. A RUF-modified six-speed manual transmission transfers the drivetrain’s immense power and torque. Add a luxurious interior, avant-garde engineering like the first-ever use of carbon disc brakes on a production road car, and design departures like RUF’s integrated roll cage and the showpiece bi-functional rear wing and that still wasn’t enough for Alois Ruf. Determined to push the envelope further, RUF developed the CTR 2 Sport, a street-legal, track-focused evolution of the standard car. Of the mere 29 CTR 2 examples produced, just 14 were CTR 2 Sports —lighter, wider, more powerful, and even more exclusive. CTR 2 Sports retained all the aerodynamic and mechanical advancements of their siblings but added an extra layer of intent. The 1998 RUF CTR 2 on offer at Broad Arrow’s Monterey Jet Center Auction, chassis no. W09BC0360WPR06007, was ordered new by the patriarch of the Beddor family, Frank Beddor. It stands apart even among its rarefied peers as one of just four CTR 2 examples specified with all-wheel drive. The car was ordered new in non-metallic Black over a black leather interior and remained with the Beddor family until 2007 when it was sold to Richard Gundeck of New Jersey. Upgrades and cosmetic repairs were carried out at the RUF factory in Pfaffenhausen, Germany, after the car was involved in a mishap while in transport. This refresh included the installation of the full green leather interior that wraps nearly every surface inside the Sport today, along with Bilstein PSS10 coilovers. Offered with just 16,679 miles at the time of cataloging and a full service from RUF North America in July 2025, this sought-after supercar exemplifies the dual nature of the CTR 2 Sport: brutal speed balanced by genuine usability. “The RUF CTR 2 has quickly become one of the most sought-after supercars for today’s most active buyers,” says Alexander Weaver, Senior Car Specialist & VP of Private Sales for Broad Arrow. “It offers race-ready dynamics wrapped in grand tourer luxury—something that appeals to today’s younger collectors, along with membership into what is perhaps one of the collector car market’s most exclusive clubs. We’re excited to continue our track record for selling the world’s most desirable RUF and modified Porsche models in Monterey, a venue where we set new benchmarks for the manufacturer just last year.” Additional RUF and modified Porsche models joining Broad Arrow’s Monterey Jet Center lineup include: 1991 Porsche 911 Reimagined by Singer DLS “Dynamics and Lightweight Study” (Estimate: $2,900,000 - $3,200,000). One of only 75 DLS commissions undertaken, the “Mame Commission” represents a rare and significant piece of modern automotive art. The DLS project sought to unlock the pinnacle of performance for the 964-generation Porsche 911 by employing an uncompromising approach to lightweight engineering. The bespoke car on offer is finished in custom Fluid Silver over an exquisite interior featuring Olive Green Suede, Black bead-blasted bright trim throughout, and visible Black tint satin carbon. Beneath the surface lies Singer’s 4.0-liter naturally aspirated flat-six engine developed with Williams Advanced Engineering, producing 500 horsepower. With just over 250 miles at cataloging, the Mame Commission offers the opportunity to acquire one of the most exclusive and meticulously crafted Porsche 911 reimaginations from the very group that invented the genre.2011 RUF Rt Roadster (Estimate: $900,000 - $1,200,000). This is the singular RUF Rt Roadster, a reimagination of the original 1967 911 “soft-window” Targa with a fresh, modern take that once again showcased the brand’s talent for interpreting icons ahead of the curve. Despite its rapturous reception, it was a true one-off coach build for a special customer. Based on the Rt 12 S, it is finished in bespoke Chroma Flash Hologram Matt over a Red leather interior and powered by a matching numbers twin-turbo 3.8-liter flat-six producing 600 horsepower and 538 lb-ft of torque, paired with a seven-speed double clutch transmission and all-wheel drive. Highly optioned and offered with just 6,907 miles from its original owner, this is an opportunity not to be missed.1987 Porsche 911 RUF Carrera 3.4 “Goldfinger” (Estimate: $850,000 - $1,100,000). This is a spectacular U.S.-market 1987 Carrera Coupe converted by RUF in 2018. Commissioned by a private client who sought to combine the timeless lines of the 1974 3.0-liter RSR with a one-off character, Goldfinger is a turn-key masterpiece of German tuning ready to be enjoyed for its thrilling performance. Its air-cooled flat-six was enlarged to 3.4 liters, producing 270 horsepower, mated to a G50 five-speed transmission with an upgraded clutch. It features RSR-inspired bodywork finished in 991-generation Lime Gold Metallic paint over a bespoke buffalo dark brown leather and Pepita Houndstooth fabric interior. Further enhancements include an integrated roll cage (IRC), RUF-tuned dampers, and CTR-spec drilled, ventilated brakes. Exuding both presence and practicality, Goldfinger is offered with fewer than 5,000 km since its completion. Broad Arrow returns to The Monterey Jet Center in California for its fourth annual flagship sale on Wednesday, August 13 (6:00 pm PT auction start) and Thursday, August 14 (1:00 pm PT auction start). Held in conjunction with Motorlux—the best way to kick off Monterey Car Week—thousands of collectors and enthusiasts from around the world will be in attendance. The Monterey Jet Center auction will feature more than 170 collector cars across all categories of the market, set to cross Broad Arrow’s signature Monterey auction runway. Broad Arrow’s 2024 Monterey Jet Center Auction totaled $71.5 million with an 85 percent sell-through rate. Bidder registration and additional information on all cars on offer is available at broadarrowauctions.com, with new consignments added daily. Interested bidders are invited to connect with a Broad Arrow car specialist at +1 313 312 0780. The complete digital catalog will be available in the coming weeks. Members of the media on official assignment are invited to apply for media credentials for The Monterey Jet Center Auction by writing to press@broadarrowauctions.com. Editor’s Notes Photos: 1998 RUF CTR 2 Sport (Credit - Zach Brehl / Courtesy of Broad Arrow Auctions)1998 RUF CTR 2 Sport (Credit - Zach Brehl / Courtesy of Broad Arrow Auctions)Additional images of all cars available upon request. About Broad Arrow AuctionsBroad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.  About Hagerty, Inc. (NYSE: HGTY) Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 875,000 who can’t get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, X and LinkedIn.  Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods. 1998 RUF CTR 2 Sport set for Broad Arrow's Monterey Jet Center Auction The leather-wrapped interior of the 1998 RUF CTR 2 Sport set for Broad Arrow's Monterey Jet Center Auction 1998 RUF CTR 2 Sport set for Broad Arrow's Monterey Jet Center Auction (Credit - Zach Brehl / Courtesy of Broad Arrow Auctions) The leather-wrapped interior of the 1998 RUF CTR 2 Sport set for Broad Arrow's Monterey Jet Center A... (Credit - Zach Brehl / Courtesy of Broad Arrow Auctions)

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