Lascelles deMercado Take-Over Bid Circular

 The Board of Directors of Lascelles deMercardo (LdM) has notified the Jamaica Stock Exchange that it has received a signed Take-Over Bid Circular from Campari Espana (SL) (Campari) stating its intent to acquire 100% of the ordinary shares and 100% of each of 6% and 15% preference share in LdM for the price of US$4.32 per ordinary share, US$0.57 for each 6% preference share and US$0.57 for each 15% preference share. The Offer is stated to open on 9^th November 2012 and will close on 30^th November 2012. The Board is evaluating the offer together with its independent professional advisors and will issue a Directors’ Circular to all shareholders containing its recommendation to shareholders regarding the offer by Campari, in accordance with the law.