Guardian Holdings Ltd.(GHL) – GGL and Zenith in acquisition discussions

Guardian General Ltd. (“GGL”), a member of the Guardian Holdings Gp, and the shareholders of the Zenith Group of Companies (“Zenith”) have signed a Memorandum of Understanding under which GGL intends to purchase the entire share capital of the Zenith Group with the exception of Zenith’s Lloyd’s businesses, which are currently in run-off. It is anticipated that the purchase, which is subject to regulatory approvals and a detailed due diligence process, will be concluded within the next three months.