JMMB Participation in NDX

JMMB and its subsidiaries exchanged in aggregate approximately $58.3 billion of Government of Jamaica securities in the recently concluded National Debt Exchange (NDX). JMMB reported that there are additional factors which have impacted the Company’s position, some of those factors along with prior actions will mitigate the negative effects of the NDX. As a result, the net effect on JMMB Group’s capital is not significant.