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Margaritaville Caribbean Limited – Changes to Board of Directors

Margaritaville Caribbean Limited (MCL) has advised of the following changes to MCL Board of Directors:

• Mr. Peter Melhado (Non-Executive Director) has resigned from the Board of Directors, effective December 31, 2016.

•Mr. Michael Gerrard, Managing Director – BroadSpan Capital LLC in the United States, has been appointed to the Board as a Non-Executive Director, effective January 17, 2017.